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763-463-9490
Luke Team Real Estate
2601 Portland Avenue, Minneapolis, MN 55407
- $865,000
- 6
- BD
- 5
- BA
- 5,669
- SqFt
- Sold Price
- $865,000
- List Price
- $875,000
- Closing Date
- Jan 16, 2026
- MLS#
- 6731817
- Status
- CLOSED
- Type
- Multifamily
- Style
- (MF) Triplex
- Bedrooms
- 6
- Bathrooms
- 5
- Living Area
- 5,669
- Acres
- 0.24
- Subdivision
- Home Add
- Neighborhood
- 63
- Year Built
- 1889
Property Description
Architectural Grandeur Meets Investment Opportunity Originally built for Sylvester S. Cargill, this commanding Victorian triplex offers historic pedigree, generous square footage, and compelling flexibility for multi-generational living, creative use, or investment. Located just a block from the American Swedish Institute and moments from Eat Street, Downtown Minneapolis, major hospitals, and commuter routes, this property delivers timeless charm and functional versatility. The layout includes: Main House: 4,000+ sq ft of elegant living space. Carriage House Apartment: 1BR with private entry. Studio Apartment: 1BR within the main house. Lower-Level Suite: With separate access and lux 3/4 bath—ideal for Airbnb/STR thanks to proximity to ASI, Children’s, Abbott Northwestern, and St. Mary’s. Unfinished Attic: Insulated, high-ceilinged space—ready to become a stunning 2BR apartment or luxurious owner’s retreat. Professional Darkroom/Studio: Adds live/work or creative potential. Four-Car Garage: Two heated bays with a workshop Private Garden: Lush, serene backyard with koi pond. Now at $875,000, this property is priced to attract savvy buyers and investors. With multiple units, underutilized bonus spaces, and income projections supporting a strong return (depending on configuration), the value here is as tangible as the original millwork. Whether you're seeking an owner-occupied lifestyle with income support or a fully optimized income-generating asset, 2601 Portland is an exceptional and rare offering in the heart of a dynamic neighborhood.
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Additional Information
- School District
- Minneapolis
- Amenities Shared
- In-Ground Sprinkler System
- Tax Year
- 2025
- Fencing
- Full
- Fuel
- Natural Gas
- Lot Description
- Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
- Sewer
- City Sewer/Connected
- Roof
- Age 8 Years or Less
- Heating
- Forced Air, Fireplace(s)
- Water
- City Water/Connected
- Basement
- Egress Window(s), Finished, Full
- Parking
- Detached Garage, Concrete, Heated Garage
- Garage Spaces
- 4
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Listing courtesy of Lakes Sotheby's International Realty.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.
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