1920s Duplex with Side-by-Side
5145 28th Avenue S Minneapolis, MN 55417
New
For Sale
$450,000
MULTI_FAMILY - Minneapolis, MN
Property Size2,121 SF
Lot Size0.12 Acres
Price / SF$212.16
Days on Market5
Property Features for 5145 28th 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
- Garage - Detached, Driveway
- Exterior features
- Brick/Stone, Stucco
- Standard status
- Active
- APN
- 1302824410131
- Size
- 2,121 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 7286
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1929
- Roof type
- Shingle
Listing Agency:
Keller Williams Realty Integrity
(952) 938-6100
Listed By:
Kari M Lundin
(612) 998-8959
Added: Jul 20
Changed: Jul 21
Last Checked: Jul 24 at 12:06AM
MLS# 7071478
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 1920s duplex at 5145 28th Avenue S features a side-by-side layout with classic curb appeal and practical, self-contained living space. Inside, both units have hardwood floors and updated kitchens. The primary bedroom includes a walk-in closet, and each unit also has its own basement with washer and dryer. Additional space may be available by finishing out areas such as a family room or extra bedroom.
The property is tucked in Keewaydin, about three blocks from Lake Nokomis, with Minnehaha Creek and the bike trail network nearby. Lake Hiawatha, Minnehaha Falls, and the shops at 50th and Chicago are described as minutes away by bike, and Nokomis Beach Coffee and Oxendale grocery are walkable for everyday errands.
One unit is currently vacant, presenting the option to live in one side while renting the other, with separate living spaces and utilities noted in the remarks.
The property is tucked in Keewaydin, about three blocks from Lake Nokomis, with Minnehaha Creek and the bike trail network nearby. Lake Hiawatha, Minnehaha Falls, and the shops at 50th and Chicago are described as minutes away by bike, and Nokomis Beach Coffee and Oxendale grocery are walkable for everyday errands.
One unit is currently vacant, presenting the option to live in one side while renting the other, with separate living spaces and utilities noted in the remarks.
Key Highlights
- Side‑by‑side duplex built in 1929, offering two separate living spaces with a side‑by‑side layout.
- Each unit has its own basement plus in‑unit washer and dryer.
- Updated kitchens and hardwood floors are featured in the duplex.
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 | $47.1k | $22.20 |
| − Vacancy | −$2.8k | −$1.33 |
| EGI | $44.3k | $20.87 |
| − OpEx | −$13.3k | −$6.26 |
| NOI | $31.0k | $14.61 |
2,121 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$442.7K
$387.4K – $516.5K
NOI $30,989 @ 7.0% cap · market cap 6.89%
Second Best
Apartment 5plus
$406.6K
$355.8K – $474.4K
NOI $28,463 @ 7.0% cap · market cap 6.33%
Theoretical Best
Office A
$506.0K
$442.8K – $590.4K
NOI $35,422 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Each unit includes its own basement, washer, and dryer for independent daily living.
Where is this duplex located?
The property is located at 5145 28th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Side‑by‑side duplex built in 1929, offering two separate living spaces with a side‑by‑side layout.; Each unit has its own basement plus in‑unit washer and dryer.; Updated kitchens and hardwood floors are featured in the duplex.
