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763-463-9490
Luke Team Real Estate
1639 Russell Avenue N, Minneapolis, MN 55411
- $257,500
- 4
- BD
- 2
- BA
- 2,288
- SqFt
- Sold Price
- $257,500
- List Price
- $264,900
- Closing Date
- Nov 24, 2025
- MLS#
- 6690850
- Status
- CLOSED
- Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,288
- Acres
- 0.12
- Subdivision
- Eastlawn Add
- Neighborhood
- 85
- Year Built
- 1925
Property Description
SHOWINGS START OCT 24TH. This charming up/down duplex in North Minneapolis is a prime investment opportunity with a strong rental history and a Tier 1 rental license. It's also a great option for an owner-occupant, allowing you to live in one unit while the tenant helps pay toward your investment. Upgrades include roof and exterior paint in 2024 and both boilers estimated 10-12 years old. Additional features include stainless steel appliances, original hardwood floors, and built-in hutches which provide additional charm and functional storage. Each unit has separate electric and boiler systems, while the owner covers trash, water, and sewer. The coin-operated laundry in the basement offers additional income potential. This property generated $1,575 per month for the main level and $1,500 per month for the upper unit, totaling $3,075 in rental income. With consistent cash flow, modern updates, timeless character, and a top-tier rental license, this duplex is a fantastic opportunity for investors or owner-occupants alike.
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Additional Information
- School District
- Minneapolis
- Amenities Shared
- Coin-op Laundry Owned
- Tax Year
- 2024
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Roof
- Age Over 8 Years, Asphalt
- Heating
- Boiler, Hot Water
- Water
- City Water/Connected
- Basement
- Full, Unfinished
- Parking
- Gravel, Open
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Listing courtesy of Coldwell Banker Realty.
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