3017 29th Avenue S, Minneapolis, MN 55406
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jun 3, 2026
- Days on Market:
- 29
- Last Refresh:
- Jul 1 at 7:06 am
Property Features for 3017 29th Avenue S
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
- Parking features
- Covered, Driveway
- Exterior features
- Stucco, Wood
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 0102824110108
- Size
- 2,354 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4603
Utilities
- Heating system
- Hot Water(Heating)
Building Details
- Year built
- 1910
Listing agent Tim Devane (612) 600-6000
Listing office Real Broker, LLC 2355 Hwy. 36 W Suite 439, St. Paul, MN (855) 450-0442
Listing date Jun 3, 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 stucco and wood exterior features
- Main floor unit offers 2 bedrooms, 1 bathroom, plus a kitchen with sliding door access to a large deck
- Upper unit features 3 bedrooms, 1 bathroom, with in‑unit laundry and a large porch
- Major updates include a newer roof, ductless mini‑split systems, updated water heaters, select replacement windows, and plumbing/maintenance updates
- Covered parking with driveway access, and chain link fencing
- Both units will be vacant prior to closing
Overview
The main floor unit includes 2 bedrooms and 1 bathroom, with a bright kitchen that includes sliding door access to a large deck, plus a spacious front porch. The upper unit offers 3 bedrooms and 1 bathroom, along with in-unit laundry and a large porch with room to enjoy neighborhood views. Both units will be vacant prior to closing.
Located in Minneapolis’ Longfellow area, the property is in a walkable setting with convenient access to local shopping and dining, as well as the light rail, the Mississippi River, and Minnehaha Falls. With separate unit layouts and outdoor gathering space on both levels, the duplex can fit a range of uses, including owner-occupied living with rental income or a short- or long-term rental plan. The home has been owner-occupied and meticulously maintained.
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 | $46.6k | $19.80 |
| − Vacancy | −$3.0k | −$1.29 |
| EGI | $43.6k | $18.51 |
| − OpEx | −$13.1k | −$5.55 |
| NOI | $30.5k | $12.96 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.229547
- Latitude
- 44.947648
