2648 13th Avenue S, Minneapolis, MN 55407
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jun 10, 2026
- Days on Market:
- 20
- Last Refresh:
- Jun 29 at 9:06 pm
Property Features for 2648 13th Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bathroom 2, Bedroom 1, Basement, Bedroom 2, Bedroom 3, Bathroom 1
- Parking features
- Driveway, Open, Garage - Detached
- Exterior features
- Stucco, Vinyl
- Fencing
- Privacy
- Standard status
- Active
- APN
- 3502924420289
- Size
- 1,937 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5766
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Roof type
- Shingle
Listing agent Kerby & Cristina Real Estate Experts (952) 829-2900
Listing office RE/MAX Results 1143 S Shore Dr., Eden Prairie, MN (763) 591-6000
Listing date Jun 10, 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
- Up‑and‑down duplex built in 1900 with spacious rooms and historic features including hardwood floors and original millwork
- Main‑level unit offers 2 bedrooms, full bathroom, living room, and kitchen
- Upper unit includes a multi‑level layout with a bedroom and loft space with skylights, plus access to a private deck
- Recent 2026 improvements: new roof, fence, exterior paint, refinished hardwood floors, and new ranges in both units
- Large fenced yard plus detached two‑car garage and driveway parking
Overview
Located at 2648 13th Avenue S in Minneapolis, the property sits on a lot of 0.17 acres and includes outdoor space designed for everyday use. A large fenced yard provides a defined area for recreation or relaxation, and there is a detached two-car garage.
Recent improvements completed in 2026 include a new roof, new fence, exterior paint, refinished hardwood floors, and new ranges in both units. This configuration can support an owner-occupant model while maintaining rental potential through the second unit, or it can serve as a straightforward income-focused residential asset with two well-defined residences under one roof.
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 | $43.0k | $22.20 |
| − Vacancy | −$2.6k | −$1.33 |
| EGI | $40.4k | $20.87 |
| − OpEx | −$12.1k | −$6.26 |
| NOI | $28.3k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.256628
- Latitude
- 44.953975
