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    629 Oak St SE Minneapolis, MN 55414

    For Sale
    $860,000

    Multi-level duplex near University of Minnesota with strong rental income.

    Property size:
    2,679 SF
    Lot size:
    0.10 Acres

    Property Features for 629 Oak St SE

    General Information

    Size
    2,679 SF
    Lot size
    0.10 Acres

    Building Details

    Year built
    1900

    Source: Keller Williams Integrity Realty Agent Laurie Allen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Duplex Near University

    This renovated multi-level duplex is located in Stadium Village at the University of Minnesota. A rear addition was completed in 2010. Each unit features 5 bedrooms, 1.75 baths, and private decks. In-unit laundry and separate mechanical systems are included, as well as one off-street parking spot. The front unit is currently occupied and generates a rental income of $3,075 per month, with a lease secured through August 26, 2026. The rear unit is vacant and was previously rented for $3,820 per month. The seller covers water, sewer, and trash bills, charging tenants a reimbursement fee of $25 per tenant per month for these utilities. The property is suitable for student housing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Spa & Massage Restaurant Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Anoka
    State
    Minnesota
    Longitude
    -93.226679
    Latitude
    44.9691179

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    FAQs

    What type of property is this?
    Duplex - Multi-level duplex near University of Minnesota with strong rental income.
    Where is this duplex located?
    The property is located at 629 Oak St SE Minneapolis, MN.
    What is the asking price?
    The asking price for this property is $860,000.
    What are key features of this property?
    This property features: - High rental income potential: Front unit generates $3,075/month with a lease through 8/26/26; rear unit previously rented for $3,820/month.; - Prime location in Stadium Village at the University of Minnesota, ideal for student housing.; - Two spacious units, each with 5 bedrooms and 1.75 baths.
    (612) 280-8889
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    629 Oak St SE Minneapolis, MN 55414
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    Minneapolis, MN 55414
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    629 Oak St SE Minneapolis, MN 55414
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