Duplex with Vintage
100 W 40th St, Minneapolis, MN 55409
For Sale
$675,000
Updated kitchens, period details, and a separate lower-level unit support flexible occupancy options.
Property Size3,512 SF
Price / SF$192.20
Days on Market52
Property Features for 100 W 40th St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
perennial gardens
brick patio
woodburning fireplace
sunroom
basement laundry
outdoor entertaining spaces
Building Details
Year Built
Buildings
Listing Agency:
Coldwell Banker Realty - Lakes
Listed By:
Christopher J Carrow
(612) 802-5592
Source:
Homesminn
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 8 at 9:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty - Lakes
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Investment Insights
Based on property information with market context.
Built in 1925, this 3,512-square-foot duplex retains substantial period character while incorporating updated kitchen finishes. The two primary units feature hardwood floors, detailed woodwork, built-in cabinetry, woodburning fireplaces, and south-facing sunrooms. Granite counters and maple cabinetry distinguish the upper-level kitchen. A separate non-conforming lower-level unit provides one bedroom, one bathroom, and a generous living area.
The property at 100 W 40th St in Minneapolis includes a two-car garage, basement laundry, perennial gardens, a brick patio, and additional outdoor entertaining areas. Its King Field setting provides access to neighborhood restaurants and nearby bike trails. The roof is 5 years old, and the layout supports either investment ownership or an owner-occupant arrangement.
The property at 100 W 40th St in Minneapolis includes a two-car garage, basement laundry, perennial gardens, a brick patio, and additional outdoor entertaining areas. Its King Field setting provides access to neighborhood restaurants and nearby bike trails. The roof is 5 years old, and the layout supports either investment ownership or an owner-occupant arrangement.
Key Highlights
- 1925 duplex with 3,512 square feet
- Separate non‑conforming lower‑level unit with 1 bedroom and 1 bathroom
- Two primary units retain hardwood floors, built‑ins, woodwork, and woodburning fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,313
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,260
$1.0M
Cap Rate 7%
$733,043
$733.0K
Cap Rate 9%
$570,144
$570.1K
Market Conditions
NOI Build-Up for 3,512 SF
Gross rent
$78.0K $22.20/SF
− Vacancy
−$4.7K −$1.33/SF
EGI
$73.3K $20.87/SF
− OpEx
−$22.0K −$6.26/SF
NOI
$51.3K $14.61/SF
Area
Minneapolis, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,026,260
Cap Rate 7%
$733,043
Cap Rate 9%
$570,144
Alternative Uses
Best Use
Multifamily LT 5
$733.0K
$641.4K – $855.2K
NOI $51,313 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$673.3K
$589.1K – $785.5K
NOI $47,130 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$837.9K
$733.2K – $977.5K
NOI $58,652 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
959
Businesses Nearby
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Business Placement
Demographics for 55409, MN
11,843
Population
5,488
Households
2.2
Avg Household Size
37
Median Age
63%
College-Educated
96%
High-School Grad
1.3 sq mi
ZIP Area
9,110
Density / Sq Mi
$98,056
Median Household Income
$59,430
Median Earnings
$1,364
Median Rent
$365,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Minneapolis, MN
Properties on Market for Duplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens, period details, and a separate lower-level unit support flexible occupancy options.
Where is this duplex located?
The property is located at 100 W 40th St Minneapolis, MN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 1925 duplex with 3,512 square feet; Separate non‑conforming lower‑level unit with 1 bedroom and 1 bathroom; Two primary units retain hardwood floors, built‑ins, woodwork, and woodburning fireplaces
