Duplex with Heated
2748 Fillmore Street NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
Property size:
3,288 SFLot size:
0.20 AcresPrice / SF:
$167/SF- Added:
- Jun 12, 2026
- Days on Market:
- 19
- Last Refresh:
- Jun 30 at 12:06 am
Property Features for 2748 Fillmore Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Basement, Bedroom 5, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 2, Bathroom 2
- Parking features
- Open, Driveway, Garage - Attached, Garage
- Exterior features
- Brick/Stone, Metal, Stucco, Vinyl
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 1202924220147
- Size
- 3,288 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6556
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1918
Listing agent Chuck Hinsz (952) 431-5100
Listing office Keller Williams Select Realty 1915 Plaza Dr Suite 200, Apple Valley, MN (952) 431-5100
Listing date Jun 12, 2026
MLS# 7091994
Listing URL
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turn‑of‑the‑century home built in 1918 with flexible layout: main home plus a second‑level mother‑in‑law apartment or rental income unit(s).
- Roof replacement in 2016 with upgraded vented assembly; exterior fresh paint in 2024 and rebuilt front steps.
- Solar panels installed in 2018; oil heat; upgraded Walsh triple‑pane high‑efficiency vinyl windows (main floor 2016; upper level ~2014).
- Two kitchens updated with newer refrigerators, dishwasher, and stoves; updated flooring with refinished hardwood in Unit 2748 and new carpet in Unit 2746 (2025).
- Unit 2746 features rebuilt rooftop deck (2018) with maintenance‑free decking and cedar; basement bedrooms with egress windows.
- Attached oversized heated garage (23x43) plus chain‑link fenced yard with 10 mature trees and garden beds (raspberries, strawberries, raised garden bed).
Overview
This turn-of-the-century duplex at 2748 Fillmore Street NE features two separate living units with classic character and practical updates. Unit 2748 has refinished hardwood floors on the main and lower levels after full carpet removal, while Unit 2746 received new carpet in 2025. Both kitchens include updated appliances, including newer refrigerators, dishwashers, and stoves. Throughout, you’ll find built-ins, natural woodwork, and abundant storage with closets, built-ins, storage rooms, and a basement workshop.
Recent exterior and building improvements include a full roof replacement with an upgraded vented assembly in 2016, along with new metal trim, and fresh exterior paint in 2024. Solar panels were installed in 2018. Window upgrades include Walsh triple-pane high-efficiency vinyl windows on the main floor replaced in 2016 and upper-level windows around 2014. For Unit 2746, a rebuilt rooftop deck was added in 2018 with maintenance-free decking and cedar.
A standout feature is the attached oversized 23x43 heated garage, offering room for parking plus a workshop, storage, and recreation space. The basement includes egress windows in bedrooms, and mechanical updates include water heaters for each unit (approximately 2015 for 2748 and approximately 2013 for 2746), along with a woodstove with a stainless steel chimney liner. Unit 2746 also received a new stacked washer/dryer, microwave, window A/C units, and stove hood in 2025, supporting a comfortable owner-occupant or rental setup. The property is half a block from Audubon Park and within a short walk to neighborhood shopping and Central Avenue.
Recent exterior and building improvements include a full roof replacement with an upgraded vented assembly in 2016, along with new metal trim, and fresh exterior paint in 2024. Solar panels were installed in 2018. Window upgrades include Walsh triple-pane high-efficiency vinyl windows on the main floor replaced in 2016 and upper-level windows around 2014. For Unit 2746, a rebuilt rooftop deck was added in 2018 with maintenance-free decking and cedar.
A standout feature is the attached oversized 23x43 heated garage, offering room for parking plus a workshop, storage, and recreation space. The basement includes egress windows in bedrooms, and mechanical updates include water heaters for each unit (approximately 2015 for 2748 and approximately 2013 for 2746), along with a woodstove with a stainless steel chimney liner. Unit 2746 also received a new stacked washer/dryer, microwave, window A/C units, and stove hood in 2025, supporting a comfortable owner-occupant or rental setup. The property is half a block from Audubon Park and within a short walk to neighborhood shopping and Central Avenue.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.0k | $22.20 |
| − Vacancy | −$4.4k | −$1.33 |
| EGI | $68.6k | $20.87 |
| − OpEx | −$20.6k | −$6.26 |
| NOI | $48.0k | $14.61 |
3,288 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$686.3K
$600.5K – $800.7K
NOI $48,040 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$630.3K
$551.6K – $735.4K
NOI $44,124 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$784.4K
$686.4K – $915.2K
NOI $54,911 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.242536
- Latitude
- 45.018453
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Turn-of-the-century Minneapolis duplex offers updated interiors, two units, and an oversized heated garage for flexible use.
Where is this duplex located?
The property is located at 2748 Fillmore Street NE Minneapolis, MN.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Turn‑of‑the‑century home built in 1918 with flexible layout: main home plus a second‑level mother‑in‑law apartment or rental income unit(s).; Roof replacement in 2016 with upgraded vented assembly; exterior fresh paint in 2024 and rebuilt front steps.; Solar panels installed in 2018; oil heat; upgraded Walsh triple‑pane high‑efficiency vinyl windows (main floor 2016; upper level ~2014).
