2314 2nd Street NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
- Added:
- Apr 2, 2026
- Days on Market:
- 96
- Last Refresh:
- Jul 6 at 2:06 pm
Property Features for 2314 2nd Street NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 5
- Exterior features
- Metal
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 1102924320092
- Size
- 2,237 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4306
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Roof type
- Shingle
Listing agent Eric Christopher Beise (612) 444-5507
Listing office Wits Realty 1153 16th Ave SE, Minneapolis, MN (612) 444-5507
Listing date Apr 2, 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
- Well‑kept up/down duplex with 5 bedrooms and 2 bathrooms (basement) built in 1900
- Up unit is vacant and move‑in ready; down unit is tenant occupied
- Both units have their own laundry
- Roof type: shingle; exterior features include metal
- Heating: forced air; fencing: chain link
- Rental income listed: upper unit rented at $1,850 and lower unit lease at $1,650
Overview
Located in Northeast Minneapolis, the home is described as convenient to parks and restaurants and positioned near everyday amenities in the area.
For buyers looking to owner-occupy, the vacant upper unit provides the option to move in while maintaining rental income from the lower unit. For investors, the existing tenant in the lower unit and the separate laundry setups in both units support a more self-sufficient residence configuration. Based on the provided information, the upper unit has been rented at $1,850 and the lower unit lease is $1,650. With updates already addressed and a low-hassle operating profile emphasized in the remarks, this is a practical fit for those seeking a duplex in a convenient residential setting.
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 | $49.7k | $22.20 |
| − Vacancy | −$3.0k | −$1.33 |
| EGI | $46.7k | $20.87 |
| − OpEx | −$14.0k | −$6.26 |
| NOI | $32.7k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.266612
- Latitude
- 45.011623
