Duplex with Rooftop
For Sale
$400,000
Pending
4029 11th Avenue S, Minneapolis, MN 55407
Residential Income, Minneapolis, MN
Property Size2,080 SF
Lot Size0.11 Acres
Days on Market98
Property Features for 4029 11th Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 2, Laundry Room, Bathroom 1
Parking features
Driveway, Garage, Garage - Attached
Patio and Porch features
Deck
Subdivision
Girard Invest Co 06th Add
Lot features
Public Transit (w/in 6 blks)
High school district
Minneapolis
Directions
38th St to 11th Ave S
Standard status
Pending
APN
1102824240023
Size
2,080 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
9034
Utilities
Heating system
Forced Air
Amenities
original hardwood floors
updated kitchens
deep basement
rooftop deck
private balcony
Building Details
Year built
1926
Roof type
Shingle
Listing Agency:
Keller Williams Realty Integrity
(952) 938-6100
Listed By:
Kari M Lundin
(612) 998-8959
Added: Jul 20
Changed: Oct 24
Last Checked: Oct 25 at 5:06PM
MLS# 7071378
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.
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Investment Insights
Based on property information with market context.
This Minneapolis duplex contains 2,080 square feet across two vacant units. Built in 1926, the property combines hardwood floors with updated kitchens. A basement provides additional storage or workspace, and outdoor features include a rooftop deck and private balcony. Forced-air heating serves the building.
The 0.11-acre property is located at 4029 11th Avenue S in Minneapolis. Parking includes an attached garage and driveway.
The 0.11-acre property is located at 4029 11th Avenue S in Minneapolis. Parking includes an attached garage and driveway.
Key Highlights
- Two‑unit duplex with 2,080 square feet
- Both units are vacant
- 1926 construction with hardwood floors and updated kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,390
Cap Rate
7.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,800
$607.8K
Cap Rate 7%
$434,143
$434.1K
Cap Rate 9%
$337,667
$337.7K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$46.2K $22.20/SF
− Vacancy
−$2.8K −$1.33/SF
EGI
$43.4K $20.87/SF
− OpEx
−$13.0K −$6.26/SF
NOI
$30.4K $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%
$607,800
Cap Rate 7%
$434,143
Cap Rate 9%
$337,667
Alternative Uses
Best Use
Multifamily LT 5
$434.1K
$379.9K – $506.5K
NOI $30,390 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$398.8K
$348.9K – $465.2K
NOI $27,913 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$496.2K
$434.2K – $579.0K
NOI $34,737 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
748
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
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
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences feature hardwood flooring, refreshed kitchens, and separate outdoor spaces.
Where is this duplex located?
The property is located at 4029 11th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,080 square feet; Both units are vacant; 1926 construction with hardwood floors and updated kitchens
