2433 W 22nd Street, Minneapolis, MN 55405
MULTI_FAMILY - Minneapolis, MN
- Added:
- Apr 19, 2026
- Days on Market:
- 73
- Last Refresh:
- Jun 30 at 3:06 am
Property Features for 2433 W 22nd Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 3
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 3, Bedroom 7, Basement, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 9, Bathroom 2
- Parking features
- Garage - Detached
- Exterior features
- Stucco
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 3202924110074
- Size
- 4,500 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12775
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1910
- Building materials
- Stone
Listing agent Kevin W Frieling (612) 867-5624
Listing office Lakes Area Realty 1428 W 28th St, Minneapolis, MN (612) 874-1916
Listing date Apr 19, 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
- Duplex built in 1910 with original character and charm
- 9 bedrooms and 3 bathrooms plus a basement
- Natural woodwork and gleaming wood floors
- Stucco exterior with stone construction
- Oil heating and a detached garage
- Chain link fencing
Overview
The home is located in Kenwood, with access to the Lakes lifestyle described in the remarks as being just steps to Lake of the Isles and Cedar Lake. The surrounding area is characterized by trails, parks, and beaches, along with proximity to schools, a bus line, and dining.
For buyers seeking a duplex with period details, this layout can support an owner-occupant approach while maintaining separate residential use within a two-unit structure. It may also appeal to investors looking to own a Minneapolis multifamily property in a well-established neighborhood with convenient access to schools and transit, and with outdoor recreation options nearby.
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 | $99.9k | $22.20 |
| − Vacancy | −$6.0k | −$1.33 |
| EGI | $93.9k | $20.87 |
| − OpEx | −$28.2k | −$6.26 |
| NOI | $65.7k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.312299
- Latitude
- 44.959947
