Move-In Ready
4029 11th Avenue S Minneapolis, MN 55407
New
4029 11th Avenue S, Minneapolis, MN, 55407
$425,000
For Sale
$425,000
MULTI_FAMILY - Minneapolis, MN
Property Size2,080 SF
Lot Size0.11 Acres
Price / SF$204.33
Days on Market2
Property Features for 4029 11th Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 1, Bedroom 3, Bedroom 2, Bathroom 2, Bedroom 4, Bathroom 1
- Parking features
- Driveway, Garage - Attached, Garage
- Exterior features
- Brick/Stone, Stucco
- Standard status
- Active
- 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
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 Updated: Jul 21 at 10:23AM Checked: Jul 21 at 1:06PM
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.
Investment Insights
Based on property information with market context.
This duplex includes two units that are vacant and move-in ready. Both feature original hardwood floors and updated kitchens that preserve period character while adding modern functionality. The property also includes a deep basement, offering additional storage and potential workshop space compared to a typical duplex.
Outdoor space is a notable feature, with an upstairs rooftop deck and a private balcony providing each unit its own place to spend time outside. The home is located at the end of a quiet dead-end street in the Bancroft neighborhood.
With both units available, the property can support an owner-occupant setup or an investor strategy, depending on how you plan to use the second unit.
Outdoor space is a notable feature, with an upstairs rooftop deck and a private balcony providing each unit its own place to spend time outside. The home is located at the end of a quiet dead-end street in the Bancroft neighborhood.
With both units available, the property can support an owner-occupant setup or an investor strategy, depending on how you plan to use the second unit.
Key Highlights
- Duplex built in 1926 with brick/stone and stucco exterior
- Both units are vacant and move‑in ready, with kitchens described as updated while keeping period character
- Original hardwood floors throughout both units
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 | $46.2k | $22.20 |
| − Vacancy | −$2.8k | −$1.33 |
| EGI | $43.4k | $20.87 |
| − OpEx | −$13.0k | −$6.26 |
| NOI | $30.4k | $14.61 |
2,080 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$434.1K
$379.9K – $506.5K
NOI $30,390 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$398.8K
$348.9K – $465.2K
NOI $27,913 @ 7.0% cap · market cap 6.57%
Theoretical Best
Office A
$496.2K
$434.2K – $579.0K
NOI $34,737 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Vacant, move-in ready duplex with updated kitchens, hardwood floors, and deep basement space plus outdoor deck areas.
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 $425,000.
What are key features of this property?
This property features: Duplex built in 1926 with brick/stone and stucco exterior; Both units are vacant and move‑in ready, with kitchens described as updated while keeping period character; Original hardwood floors throughout both units
