MLS: #6722031, Listed By: Joshua Pettersen, Pemberton RE, Source:FargoMoorhead Area Association of REALTORS
1040 13th Avenue
Minneapolis, MN 55414
8
Bed
4
Bath
3,220Sqft
0.21Acre(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 8Bathroom Information
Total Baths: 4Room Information
Has Basement: Yes Basement: Block, Concrete -
Roofing Information
Asphalt, Shingle -
Interior Features
Roof: Asphalt, Shingle -
Heating & Cooling
Has Heating: Yes Heating: Forced Air
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Building Information
Year Built: 1979 Building Area Total: 3220 Stories: 2 Patio And Porch Features: Deck, Patio Private Pool: No
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Lot Information
Lot Dimensions: 70x132 Main Square Feet: 0.21 Acres Lot Size Acres: 0.21 Lot Size Square Feet: 9147.6Property Information
Subdivision: Elwells 2nd Add Source Property Type: Residential Income Property SubType: Duplex Levels: Two Property Age: 47
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Listing Price Information
Listing Price: $550000 Original Price: $565000 Cash, Conventional, FHA, VA Loan
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Tax Information
Parcel Number: 2402924120152 Annual Tax: $8806
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Garage Information
Has Garage: Yes Garage Space: 1
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Location Information
Direction: Exit I-35W N to E Hennepin Ave and turn right. Turn right onto 13th Ave SE and property will be on lefthand side. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1094 25th Avenue, Minneapolis, MN, 55414 | $449,000 | 6 | 2 | 2,016 | 2,016 SqFt |
| 836 Thornton Street, Minneapolis, MN, 55414 | $719,000 | 5 | 2 | 3,108 | 3,108 SqFt |
| 1097 22nd Avenue, Minneapolis, MN, 55414 | $399,000 | 5 | 2 | 1,948 | 1,948 SqFt |
| 1217 Yale Avenue, Minneapolis, MN, 55414 | $1,500,000 | 20 | 12 | 7,335 | 7,335 SqFt |
| 1919 Como Avenue, Minneapolis, MN, 55414 | $325,000 | 2 | 2 | 1,334 | 1,334 SqFt |
| 1092 18th Avenue, Minneapolis, MN, 55414 | $437,000 | 7 | 2 | 2,301 | 2,301 SqFt |
| 1034 14th Avenue, Minneapolis, MN, 55414 | $395,000 | 4 | 2 | 2,033 | 2,033 SqFt |
| 1316 7th Street, Minneapolis, MN, 55414 | $1,600,000 | 8 | 3 | 4,224 | 4,224 SqFt |
| 1129 8th Street, Minneapolis, MN, 55414 | $1,725,000 | 12 | 4 | 4,724 | 4,724 SqFt |
| 904 9th Avenue, Minneapolis, MN, 55414 | $384,900 | 6 | 2 | 2,376 | 2,376 SqFt |
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Nearby For Sale
The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.
ByOwner last updated this listing 06/09/2026 @ 20:04
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