Up-and-Down
2219 29th Avenue N, Minneapolis, MN 55411
For Sale
New
$234,900
Residential Income, Minneapolis, MN
Property Size1,599 SF
Lot Size0.03 Acres
Price / SF$146.90
Days on Market2
Property Features for 2219 29th Avenue N
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Buildings
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Lexi Clercx
(612) 600-6000
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 6:06AM
MLS# 7170541
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.
This 1,599-square-foot duplex, built in 1904, has a main-floor unit with one bedroom and a full bath, plus an upstairs unit with two bedrooms and a full bath. Hardwood flooring appears in both units; the main level also features built-ins, white shaker cabinets, quartz counters, and stainless steel appliances. The upper bath has a tiled shower surround.
The property occupies 0.03 acres in Minneapolis, with parks, shopping, dining, and commuter routes noted in the surrounding area. Each unit has separate utilities.
The property occupies 0.03 acres in Minneapolis, with parks, shopping, dining, and commuter routes noted in the surrounding area. Each unit has separate utilities.
Key Highlights
- 1,599‑square‑foot duplex on a 0.03‑acre lot
- Two‑level layout: one‑bedroom main‑floor unit and two‑bedroom upper unit
- Separate utilities for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,458
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,160
$429.2K
Cap Rate 7%
$306,543
$306.5K
Cap Rate 9%
$238,422
$238.4K
Market Conditions
NOI Build-Up for 1,599 SF
Gross rent
$41.6K $26.04/SF
− Vacancy
−$2.6K −$1.64/SF
EGI
$39.0K $24.40/SF
− OpEx
−$17.6K −$10.98/SF
NOI
$21.5K $13.42/SF
Area
Minneapolis, MN
Vacancy
6.30%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$429,160
Cap Rate 7%
$306,543
Cap Rate 9%
$238,422
Alternative Uses
Best Use
Multifamily LT 5
$333.8K
$292.0K – $389.4K
NOI $23,363 @ 7.0% cap · market cap 9.95%
Second Best
Apartment 5plus
$306.5K
$268.2K – $357.6K
NOI $21,458 @ 7.0% cap · market cap 9.13%
Theoretical Best
Office A
$381.5K
$333.8K – $445.1K
NOI $26,704 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
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Business Placement
Demographics for 55411, MN
31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
Median Home Value
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Market
Average Price Trend$/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 - Two units have separate utility services, with distinct living spaces on the main and upper floors.
Where is this duplex located?
The property is located at 2219 29th Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: 1,599‑square‑foot duplex on a 0.03‑acre lot; Two‑level layout: one‑bedroom main‑floor unit and two‑bedroom upper unit; Separate utilities for each unit
