407 19th Avenue NE, Minneapolis, MN 55418
- Added:
- May 27, 2026
- Days on Market:
- 41
- Last Refresh:
- Jul 6 at 1:06 pm
Property Features for 407 19th Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1
- Exterior features
- Fiber Board
- Fencing
- Chain Link
- Standard status
- Pending
- APN
- 1102924340158
- Size
- 2,116 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 6940
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Roof type
- Shingle
Listing agent Joshua Pelovsky (651) 214-7258
Listing office Ashworth Real Estate 16034 Norway St NW, Andover, MN (612) 594-5542
Listing date May 27, 2026
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
- Nordeast duplex with two nearly identical 2 bed/1 bath units on main and upper levels
- Each unit features in‑unit laundry and updated appliances
- Main‑level unit includes central air; forced‑air heating system
- Semi‑finished third‑floor bonus room that can be converted to additional living space
- Detached 2‑stall garage plus massive parking pad with space for up to 6 vehicles
- Major updates: roof (2024), sewer lined (2025), new fence and gutters (2025)
Overview
The property sits at 407 19th Avenue NE on a double-wide lot with outdoor parking built for real-world use. A massive parking pad and a detached two-stall garage can accommodate up to six vehicles. Several major items have been addressed recently, including a roof installed in 2024, sewer lining in 2025, and new fencing and gutters in 2025.
As an owner-occupant or investor, the layout supports straightforward multi-unit living with separate main and upper residences, plus the additional third-floor bonus room for further customization. With in-unit laundry already in place and meaningful upgrades completed, this duplex is positioned for an easy next step—either as a long-term rental strategy or a house-hacking setup within the Northeast area of Minneapolis, near popular spots such as Jimmy’s Bar and Mayslack’s.
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 | $47.0k | $22.20 |
| − Vacancy | −$2.8k | −$1.33 |
| EGI | $44.2k | $20.87 |
| − OpEx | −$13.2k | −$6.26 |
| NOI | $30.9k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.261073
- Latitude
- 45.007709
