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MLS: #7060719, Listed By: Maria Palmer, Edina Realty, Inc., Source:FargoMoorhead Area Association of REALTORS

2757 Fremont Avenue

Minneapolis, MN 55408
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$599,900 $2,529/Mo
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Bed 5

Bed

Bath 4

Bath

SqFt2,872

Sqft

Acres0.07

Acre(Lot)

Cash-flowing investment opportunity you've been waiting for. This rare, fully legal triplex in the heart of Uptown delivers a true 10.3% cap rate with a proven, diversified income stream. Located just blocks from the lakes in one of Minneapolis’ most walkable neighborhoods, this is a turnkey asset that performs from day one. Includes (2) 1 bedroom, 1 bath units and (1) spacious 3 bedroom, 2 bath unit, all generating strong, consistent rents. One of the two 1 bedroom unit operates as a highly successful Airbnb, averaging $2,800 per month, with a 13 year track record and “Guest Favorite” status. (see supplements for more info) The transition is seamless with furnishings, professional photos, a dedicated cleaning company, and established systems all included so you can continue generating inc ome immediately. The remaining units are leased at $1,450 and $2,100, providing reliable long term income with room for future upside. Unit 1 (1 bedroom) is Airbnb. Unit 2 (3 bedroom) is Leased through September and Unit 3 (1 bedroom) is currently month to month. offering flexibility for an owner occupant or an investor looking to optimize returns. Extensive updates make this a true plug and play investment. Improvements include new kitchens, updated bathrooms, fresh paint throughout, a brand new roof, and a new boiler system. Most mechanicals and utilities have been updated within the past five years, helping minimize near term expenses and simplify ownership. Each unit has its own private entrance, increasing tenant appeal and flexibility. On street parking is easy and readily available, with potential to explore adding an off street space on the southeast corner of the lot with city approval. Tenant storage and laundry in the shared basement. Fully licensed and legally zoned as a triplex, which is increasingly rare in this area, this property offers both stability and long term investment confidence. Whether you are expanding your portfolio or looking for a high performing asset in a prime location, this is a standout opportunity in one of Minneapolis’ most desirable rental markets.

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Detail Ic Property Details

Property Type : Residential Income

Price : $599,900

AD Id : 77786288

MLS Id : 7060719

Beds : 5

Lot Size : 0.07 Acre

Living Area Size : 2,872

Year Built : 1900

County : Hennepin

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 4

    Room Information

    Has Basement: Yes Basement: Partial, Storage Space, Unfinished

  • Heating & Cooling

    Has Heating: Yes

  • Building Information

    Year Built: 1900 Building Area Total: 4109 Construction Materials: Stone Stories: 2 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: 40x85 Main Square Feet: 0.07 Acres Lot Size Acres: 0.07 Lot Size Square Feet: 3049.2 Lot Description: Corner Lot, Near Public Transit

  • Listing Price Information

    Listing Price: $599900 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 3302924420103 Annual Tax: $9487.36

  • Homeowners Association Information
    Association Amenities: Laundry, Elevator(s)

  • Location Information

    Direction: From Hennepin Ave. Travel East on 28th St. Property will be on your left side at the N.E. corner of 28th and Fremont Ave. S. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
3336 3rd Avenue, Minneapolis, MN, 55408 $999,900 9 6 3,772 3,772 SqFt
3500 1st Avenue, Minneapolis, MN, 55408 $774,900 12 4 4,680 4,680 SqFt
6 E 34th Street, Minneapolis, MN, 55408 $175,000 4 4 3,808 3,808 SqFt
16 W 33rd Street, Minneapolis, MN, 55408 $715,000 7 4 4,630 4,630 SqFt
2700 Pillsbury Avenue, Minneapolis, MN, 55408 $799,900 7 4 5,400 5,400 SqFt
2824 Pillsbury Avenue, Minneapolis, MN, 55408 $624,900 4 4 2,720 2,720 SqFt
3133 Pleasant Avenue, Minneapolis, MN, 55408 $775,000 8 4 --
3514 Grand Avenue, Minneapolis, MN, 55408 $849,900 10 8 4,900 4,900 SqFt
3117 Harriet Avenue, Minneapolis, MN, 55408 $454,900 4 3 2,040 2,040 SqFt
2809 Garfield Avenue, Minneapolis, MN, 55408 $450,000 5 2 2,863 2,863 SqFt

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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 06/17/2026 @ 21:02

MLS: 7060719 LISTED BY: Maria Palmer, Edina Realty, Inc. 952-927-1100 SOURCE: FargoMoorhead Area Association of REALTORS

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