For Sale Duplex MLS# 7144459

5005 Oliver Avenue S

Minneapolis, MN 55419

$775,000

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About 5005 Oliver Avenue S

Exceptional opportunity to own a beautifully updated duplex in the heart of the Lynnhurst neighborhood, just blocks from Lake Harriet! Whether you're looking to expand your investment portfolio or secure a premium owner-occupied opportunity, this duplex combines timeless character with extensive capital improvements in one of Southwest Minneapolis' most sought-after locations! Each unit offers approximately 1,288 finished square feet with three bedrooms and one full bathroom (the upper-level third bedroom has been opened up to function as an office space). Additionally, each unit is served by its own boiler, providing independent heat and added convenience for both owners and tenants. The upper unit also features a beautifully remodeled kitchen and bathroom, central air conditioning, abundant natural light, and a bright sunroom. Additional highlights include an insulated detached three-stall garage (two for the upper unit, and one for the lower unit), finished shared laundry area, and owned solar panels. Current ownership has invested over six figures into these updates, which additionally include a brand-new sewer line, new A/C condenser, finished basement laundry area, and a complete exterior painting makeover. The lower unit is leased at $2,495/month through July 31, 2027, and the upper unit is leased at $2,900/month through October 31st, 2026 (vacating by this date). Reach out with any questions, or to schedule a tour!

Property details

Property

Type
Duplex Up and Down
MLS type
Duplex
Status
Active
Year built
1923
Stories
Two
Living area
3,864 sqft
Price / sqft
$201
Lot
0.12
Original price
$775,000
MLS #
7144459

Interior

Features
Boiler, In Basement, Common Area, Block
Heating
Boiler
Laundry
In Basement, Common Area

Exterior & lot

Features
Stucco, Detached Garage
Construction
Two, Block, Asphalt
Roof
Asphalt
Foundation
Block
Lot
1602824320056
Parking
Detached Garage
Garage spaces
3

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$10,858
Tax year
2026
Parcel
1602824320056

Location

Subdivision
Thornton Park 2nd Div
County
Hennepin
Neighborhood
Lynnhurst
Community
Hennepin, northstar, Minneapolis
Directions
East on 50th, Right on Oliver Avenue South.

Location

Neighborhood
Lynnhurst
Subdivision
Thornton Park 2nd Div
School district
Minneapolis Public School District

Ask about this property

Questions on 5005 Oliver Avenue S, Minneapolis, MN 55419, or want to see it in person?

Listed by Paul Begich, Compass

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.