Tudor-Style
4331 Chowen Avenue S, Minneapolis, MN 55410
For Sale
$674,900
Pending
Each residence has two bedrooms, one full bath, and its own washer and dryer.
Property Size2,400 SF
Days on Market35
Property Features for 4331 Chowen Avenue S
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
gas fireplace
built-in hutches
granite countertops
dishwasher
pantry/breakfast nook
hardwood floors
laundry area
washer and dryer
storage room
Building Details
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Edina Realty, Inc.
(952) 927-1100
Listed By:
Michael S DePesa
(612) 759-5181
Source:
Obviousrealestate
Added: Oct 7
Changed: Nov 9
Last Checked: Nov 9 at 9:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edina Realty, Inc.
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Investment Insights
Based on property information with market context.
This 1931 duplex contains two residences, each with two bedrooms, one full bath, hardwood floors, a gas fireplace, and a formal dining room with built-in cabinetry. Both kitchens have granite counters, dishwashers, and a pantry or breakfast nook. The lower level includes laundry space and separate storage rooms for each residence.
The property is across from Waveland Triangle Park, with restaurants and stores nearby and Lake Harriet and Bde Maka Ska within walking distance. A two-car garage serves the property.
The property is across from Waveland Triangle Park, with restaurants and stores nearby and Lake Harriet and Bde Maka Ska within walking distance. A two-car garage serves the property.
Key Highlights
- Two residences, each with two bedrooms and one full bath
- 1931 construction with hardwood floors and a gas fireplace in each unit
- Updated kitchens include granite counters, dishwashers, and pantry or breakfast‑nook space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,066
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,320
$701.3K
Cap Rate 7%
$500,943
$500.9K
Cap Rate 9%
$389,622
$389.6K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$53.3K $22.20/SF
− Vacancy
−$3.2K −$1.33/SF
EGI
$50.1K $20.87/SF
− OpEx
−$15.0K −$6.26/SF
NOI
$35.1K $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%
$701,320
Cap Rate 7%
$500,943
Cap Rate 9%
$389,622
Alternative Uses
Best Use
Multifamily LT 5
$500.9K
$438.3K – $584.4K
NOI $35,066 @ 7.0% cap · market cap 5.20%
Second Best
Apartment 5plus
$460.1K
$402.6K – $536.8K
NOI $32,207 @ 7.0% cap · market cap 4.77%
Theoretical Best
Office A
$572.6K
$501.0K – $668.0K
NOI $40,081 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
746
Businesses Nearby
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Business Placement
Demographics for 55410, MN
21,352
Population
8,685
Households
2.5
Avg Household Size
40
Median Age
78%
College-Educated
99%
High-School Grad
3.1 sq mi
ZIP Area
6,888
Density / Sq Mi
$144,973
Median Household Income
$77,518
Median Earnings
$1,622
Median Rent
$597,400
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Minneapolis, MN
Properties on Market for Duplexes in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, one full bath, and its own washer and dryer.
Where is this duplex located?
The property is located at 4331 Chowen Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: Two residences, each with two bedrooms and one full bath; 1931 construction with hardwood floors and a gas fireplace in each unit; Updated kitchens include granite counters, dishwashers, and pantry or breakfast‑nook space
