Duplex with Original
For Sale
$525,000
1174 14th Avenue SE, Minneapolis, MN 55414
Residential Income, Minneapolis, MN
Property Size2,748 SF
Lot Size0.12 Acres
Price / SF$191.05
Days on Market59
Property Features for 1174 14th Avenue SE
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
7
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 7, Bedroom 2, Bedroom 1, Laundry Room, Basement, Bedroom 4, Bathroom 2, Bedroom 6, Bedroom 5
Parking features
Driveway, Garage - Detached
Subdivision
Elwells 2nd Add
High school district
Minneapolis
Directions
1174 14th Ave SE
Standard status
Active
APN
1302924440060
Size
2,748 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
5821
Utilities
Heating system
Forced Air, Oil
Building Details
Year built
1905
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 884-8404
Listed By:
Luanne M Lind · License #40507200
(952) 829-2900
Added: Aug 19
Changed: Oct 15
Last Checked: Oct 16 at 10:06AM
MLS# 7129496
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.
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Investment Insights
Based on property information with market context.
Constructed as a duplex in 1905, this 2,748-square-foot property sits on a 0.12-acre lot. Interior details include hardwood floors, leaded and stained glass, original woodwork, French doors, built-in buffets, and 9-foot ceilings on the main and upper floors. The room data lists seven bedrooms and three bathrooms. A lower-level bedroom, counted within the main-floor bedroom total, has a private bathroom, small kitchenette, and egress window. Appliances are included.
The property is near campus and offers parking in a detached garage as well as in the driveway. Enclosed porches are present on both floors.
The property is near campus and offers parking in a detached garage as well as in the driveway. Enclosed porches are present on both floors.
Key Highlights
- Originally constructed as a duplex in 1905
- 2,748 square feet on a 0.12‑acre lot
- Room data lists 7 bedrooms and 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,150
Cap Rate
7.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,000
$803.0K
Cap Rate 7%
$573,571
$573.6K
Cap Rate 9%
$446,111
$446.1K
Market Conditions
NOI Build-Up for 2,748 SF
Gross rent
$61.0K $22.20/SF
− Vacancy
−$3.6K −$1.33/SF
EGI
$57.4K $20.87/SF
− OpEx
−$17.2K −$6.26/SF
NOI
$40.2K $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%
$803,000
Cap Rate 7%
$573,571
Cap Rate 9%
$446,111
Alternative Uses
Best Use
Multifamily LT 5
$573.6K
$501.9K – $669.2K
NOI $40,150 @ 7.0% cap · market cap 7.65%
Second Best
Apartment 5plus
$526.8K
$461.0K – $614.6K
NOI $36,877 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$655.6K
$573.7K – $764.9K
NOI $45,893 @ 7.0% cap · market cap 8.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Campus-area property includes enclosed porches on both levels and a detached garage with driveway parking.
Where is this duplex located?
The property is located at 1174 14th Avenue SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Originally constructed as a duplex in 1905; 2,748 square feet on a 0.12‑acre lot; Room data lists 7 bedrooms and 3 bathrooms
