For Sale Duplex MLS# 6722031

1040 13th Avenue SE

Minneapolis, MN 55414

$550,000

northstar-of-minnesota-regional-multiple-listing-service-of-minnesota-inc-rsd logo

About 1040 13th Avenue SE

Rare Cash-Flow Opportunity with 3.375% Assumable Financing option! This updated side-by-side duplex in SE Minneapolis has been refreshed and is ready for your portfolio. Both units feature renovated kitchens, updated finishes, and fresh paint throughout.

Unit 1040: Currently leased through August, 2026 at $1,900/mo.

Unit 1042: Vacant and move-in ready (prior rent $2,400/mo).

Upside exists for an owner-occupant looking to house-hack or an investor seeking stable, high-yield returns near the U of M.

Showings: 1042 (vacant) available for first showings; 1040 (occupied) available for second showings.

Updates: Asphalt roof replaced (2023), flat roof replaced (2024), new decking (2024), 1040 side new furnace (2025), 1040 side new water heater (2025), 1042 side new furnace (2021), 1042 side new water heater (2021), 1040 side new washer/dryer (2024).

Property details

Property

Type
Duplex Side by Side
MLS type
Duplex
Status
Active
Year built
1979
Stories
Two
Living area
3,220 sqft
Price / sqft
$171
Lot
0.21
Original price
$565,000
MLS #
6722031

Interior

Features
Forced Air, Block
Heating
Forced Air

Exterior & lot

Features
Fiber Board, Wood, Driveway - Other Surface
Construction
Two, Block, Asphalt
Roof
Asphalt
Foundation
Block
Lot
2402924120152
Parking
Driveway - Other Surface
Garage spaces
1

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, 150 Amp Service
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$8,806
Tax year
2025
Parcel
2402924120152

Location

Subdivision
Elwells 2nd Add
County
Hennepin
Neighborhood
Como
Community
Hennepin, City Street, northstar, Minneapolis
Directions
Exit I-35W N to E Hennepin Ave and turn right. Turn right onto 13th Ave SE and property will be on lefthand side.

Location

Neighborhood
Como
Subdivision
Elwells 2nd Add
School district
Minneapolis Public School District

Ask about this property

Questions on 1040 13th Avenue SE, Minneapolis, MN 55414, or want to see it in person?

Listed by Joshua Pettersen, Pemberton RE

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.