Duplex with Private
606 20th Avenue S Minneapolis, MN 55454
New
606 20th Avenue S, Minneapolis, MN, 55454
$375,000
For Sale
$375,000
MULTI_FAMILY - Minneapolis, MN
Property Size2,052 SF
Lot Size0.10 Acres
Price / SF$182.75
Days on Market2
Property Features for 606 20th Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 2502924320512
- Size
- 2,052 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 3686
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1900
Listing Agency
Keller Williams Realty Integrity
(952) 938-6100
7401 Metro Blvd No. 350 Edina, Edina, MN
Listed by
Kari M Lundin
(612) 998-8959
Added: Jul 17 Checked: Jul 18 at 1:06 am
MLS# 7111481
Listing URL
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 at 606 20th Avenue S in Minneapolis features two units, each with its own private porch and hardwood floors. The building includes exterior and interior updates, with a new roof, new siding, and hardwood floors throughout, leaving room for personal touches to finish the spaces to your preference.
The property is positioned across from Augsburg University and is described as only a few blocks from Carlson and the University of Minnesota’s West Bank campus. The building also backs up to a community park. According to the remarks, Downtown Minneapolis and the Mississippi River are minutes away, and there is a stretch of restaurants within walking distance.
Overall, this is a residential income duplex configuration designed to accommodate different living arrangements, whether you choose to occupy one unit and rent the other or rent both units to tenants who prefer a walkable option near campus and nearby work destinations.
The property is positioned across from Augsburg University and is described as only a few blocks from Carlson and the University of Minnesota’s West Bank campus. The building also backs up to a community park. According to the remarks, Downtown Minneapolis and the Mississippi River are minutes away, and there is a stretch of restaurants within walking distance.
Overall, this is a residential income duplex configuration designed to accommodate different living arrangements, whether you choose to occupy one unit and rent the other or rent both units to tenants who prefer a walkable option near campus and nearby work destinations.
Key Highlights
- Duplex across from Augsburg University, with the U of M West Bank campus and Carlson a few blocks away
- New roof and new siding plus hardwood floors in both units
- Each unit has its own private porch
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 | $45.6k | $22.20 |
| − Vacancy | −$2.7k | −$1.33 |
| EGI | $42.8k | $20.87 |
| − OpEx | −$12.8k | −$6.26 |
| NOI | $30.0k | $14.61 |
2,052 SF · lease $22.20/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$428.3K
$374.8K – $499.7K
NOI $29,981 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$393.4K
$344.2K – $459.0K
NOI $27,537 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$489.6K
$428.4K – $571.2K
NOI $34,270 @ 7.0% cap · market cap 9.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Minnesota Concrete LLC
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each unit offers a private porch and hardwood floors in a duplex across from Augsburg University.
Where is this duplex located?
The property is located at 606 20th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Duplex across from Augsburg University, with the U of M West Bank campus and Carlson a few blocks away; New roof and new siding plus hardwood floors in both units; Each unit has its own private porch
