Duplex with Detached
For Sale
$899,900
Pending
2433 W 22nd Street, Minneapolis, MN 55405
Residential Income, Minneapolis, MN
Property Size4,500 SF
Lot Size0.21 Acres
Days on Market170
Property Features for 2433 W 22nd Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
9
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 9, Basement, Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 6, Bedroom 8, Bedroom 2, Bedroom 4
Parking features
Garage - Detached
Exterior features
Stucco
Fencing
Chain Link
Subdivision
Kenwood
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Medium
High school district
Minneapolis
Directions
West Lake of the Isles Parkway to right on Kenwood Parkway. Left on West 22nd to home on left.
Standard status
Pending
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
Amenities
front porch
Building Details
Year built
1910
Building materials
Stone
Listing Agency:
Lakes Area Realty
(612) 874-1916
Listed By:
Kevin W Frieling
(612) 867-5624
Added: Apr 19
Changed: Sep 30
Last Checked: Oct 5 at 4:06PM
MLS# 7057969
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.
Investment Insights
Based on property information with market context.
Built in 1910, this 4,500-square-foot duplex sits on a 0.21-acre lot and retains period character through natural woodwork and wood flooring. The property includes nine bedrooms, three bathrooms, a basement, stucco exterior, stone construction, oil heating, and a detached garage. Chain-link fencing is also present.
Located at 2433 W 22nd Street in Minneapolis, the property is steps from Lake of the Isles and Cedar Lake, with trails, parks, and beaches nearby. Schools, a bus line, parks, and dining are also in the surrounding area. The configuration supports either an investment or owner-occupied use, with a rental history identified in the property information.
Located at 2433 W 22nd Street in Minneapolis, the property is steps from Lake of the Isles and Cedar Lake, with trails, parks, and beaches nearby. Schools, a bus line, parks, and dining are also in the surrounding area. The configuration supports either an investment or owner-occupied use, with a rental history identified in the property information.
Key Highlights
- Duplex on a 0.21‑acre lot
- 4,500 square feet with 9 bedrooms and 3 bathrooms
- Built in 1910 with natural woodwork and wood floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,748
Cap Rate
7.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,314,960
$1.3M
Cap Rate 7%
$939,257
$939.3K
Cap Rate 9%
$730,533
$730.5K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$99.9K $22.20/SF
− Vacancy
−$6.0K −$1.33/SF
EGI
$93.9K $20.87/SF
− OpEx
−$28.2K −$6.26/SF
NOI
$65.7K $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%
$1,314,960
Cap Rate 7%
$939,257
Cap Rate 9%
$730,533
Alternative Uses
Best Use
Multifamily LT 5
$939.3K
$821.9K – $1.10M
NOI $65,748 @ 7.0% cap · market cap 7.31%
Second Best
Apartment 5plus
$862.7K
$754.9K – $1.01M
NOI $60,389 @ 7.0% cap · market cap 6.71%
Theoretical Best
Office A
$1.07M
$939.4K – $1.25M
NOI $75,152 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
243
Businesses Nearby
Explore this area
Business Placement
Demographics for 55405, MN
15,497
Population
8,724
Households
1.8
Avg Household Size
34
Median Age
59%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
5,535
Density / Sq Mi
$70,425
Median Household Income
$47,271
Median Earnings
$1,188
Median Rent
$450,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Turn-of-the-century property offers nine bedrooms, three bathrooms, and a detached garage.
Where is this duplex located?
The property is located at 2433 W 22nd Street Minneapolis, MN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Duplex on a 0.21‑acre lot; 4,500 square feet with 9 bedrooms and 3 bathrooms; Built in 1910 with natural woodwork and wood floors
