MN > Minneapolis > Auditors Sub 215
Minneapolis, MN 55407,2801 Oakland AVE
Minneapolis, MN 55407,2801 Oakland AVE
Minneapolis, MN 55407,2801 Oakland AVE
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Chad Pederson

Chad Pederson

+1(612) 325-8745
$575,000
Est. payment /mo
6 Beds
4 Baths
3,529 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,529 sqft

Price per Sqft $162

Subdivision Auditors Sub 215

MLS Listing ID 7002981

Bedrooms 6

Year Built 1917

Annual Tax Amount $8,248

Tax Year 2025

Contingent None

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 114x41

Property Sub-Type Triplex

Property Description

This unique offering features two separate homes on one shared lot, creating a rare and flexible investment opportunity. The first property, 627 E 28th Street, is a multi-family home with approximately 1,400 finished square feet and includes two 1-bedroom, 1-bath units arranged in an up-and-down layout. The upper unit is currently leased as a long-term rental, while the main-level unit operates as a short-term rental. The second property, 2801 Oakland Avenue, is a single-family home zoned R5 with 2,129 finished square feet, offering 4 bedrooms and 2 bathrooms and currently used for short-term rentals by the owner. Both homes are set up for easy rental management with separate, secure entry access for each unit. Furniture may be purchased separately. The Oakland Avenue home has seen extensive updates, including renovated kitchen and bathrooms, updated flooring, vinyl-clad replacement windows, and a newer roof. All bedrooms feature electronic key access, and the lower-level bedroom also works well as a flexible living or family room space. The 28th Street duplex has also been updated throughout, with refreshed kitchens and baths, refurbished windows, window treatments, a newer boiler, and a new roof. Both properties are truly turnkey, with a proven track record of strong rental performance, boasting nearly 300 guest reviews and an exceptional 4.92-star average rating on Airbnb. Additional features include a shared two-car detached garage and a shared parking lot. Any future lot division would require city approval. This is an outstanding opportunity for investors or owner-occupants looking to generate income in multiple ways. Schedule your tour today!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Block

Interior

Heating Baseboard, Boiler, Forced Air, Hot Water

Fireplace No

Exterior

Parking Features Detached Garage, Insulated Garage, Parking Lot

Garage Spaces 2.0

Fence Chain Link, Partial

Roof Type Age 8 Years or Less

Building

Story Two

Foundation 1506

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Concrete

New Construction false

Schools

School District Minneapolis

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Listed by Jacob Milton • Keller Williams Premier Realty Lake Minnetonka

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Chad Pederson

Chad Pederson

+1(612) 325-8745

Broker | License ID: 20586306

Broker License ID: 20586306

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