2721 Columbus Avenue, Minneapolis, MN 55407 (MLS# 7140287)
$399,900
Minneapolis, MN 55407
MLS# 7140287
2 beds | 4 baths | 3936 sqft
1 / 39
Property Description
Excellent opportunity for an owner-occupant or investor in this four-unit Minneapolis residential income property. Unit #1 is now vacant, providing the option for a buyer to move in while generating income from the remaining units. The property consists of two 1-bedroom units and two studio units, each with a full bath. The largest unit #3 is the largest and has a den which could be used as a 2nd bedroom! Units feature hardwood floors, natural woodwork, solid-surface countertops, ranges, and refrigerators. The shared full basement provides additional storage along with free laundry for residents. Four (4) detached single-stall garages provide valuable off-street parking and may be leased separately for additional income potential. Major recent improvements include a new electrical main, new boiler, and new roofs on both the house and garages. Conveniently located near public transit, neighborhood businesses, dining, parks, and downtown Minneapolis.
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 399900
Original List Price: 399900
ListPrice: 399900
List Date: 2026-09-08
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1906
Yearly/Seasonal: Yearly
Bedrooms: 2
Baths Total: 4
Main Floor Total SqFt: 1344
Above Ground SqFt: 2658
Below Grd Total SqFt: 1278
Total SqFt: 3936
Foundation Size: 2700
Style: (MF) Four Plex
Total Finished Sqft: 2658.00
Power Company: Xcel Energy
Garage Stalls: 4
Lot Dimensions: 42x123
Acres: 0.12
Assessment Pending: No
Location Tax and Other Information
House Number: 2721
Street Name: Columbus
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Woodburn Add
Assessments
Tax With Assessments: 5916
Building Information
Finished SqFt Above Ground: 2658
Income and Expenses
Annual Caretaker Expense: 1200
Annual Fuel Expense: 1642
Annual Gross Expenses: 16794
Annual Gross Income: 40080
Annual Insurance Expense: 3738
Annual Net Income: 16330
Annual Water/Sewer Expense: 6270
Total Annual Expenses: 11650
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 800
Public Survey Info
Range#: 24
Section#: 35
Township#: 29
Unit 1
Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 1
Annual Rent: 11400
Finished SqFt: 694
Full Baths: 1
Monthly Rent: 950
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit 2
Furnished?: No
Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 9600
Finished SqFt: 450
Full Baths: 1
Monthly Rent: 800
No. of Units Like This: 1
Total Baths: 1
Total Rooms: 3
Unit 3
Furnished?: No
Lease Expiration Date: 2026-10-31
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 11400
Finished SqFt: 764
Full Baths: 1
Monthly Rent: 950
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit 4
Furnished?: No
Lease Expiration Date: 2026-11-30
Leased?: Yes
Level: 2nd Level
Unit Number: 4
Annual Rent: 9000
Finished SqFt: 450
Full Baths: 1
Monthly Rent: 750
No. of Units Like This: 1
Total Baths: 1
Total Rooms: 3
Unit Details
Total Units: 4
Property Features
Accessible: None
Amenities Shared: Common Laundry Facility; Security Lights; Other
Basement: Full; Shared Access; Storage Space; Storage/Locker; Unfinished
Construction Status: Previously Owned
Electric: 200+ Amp Service; Circuit Breakers
Exterior: Brick/Stone; Stucco
Fencing: Chain Link; Wood
Foundation: Brick/Mortar; Stone
Fuel: Natural Gas
Heating: Boiler
Internet Options: Cable
Laundry: Lower Level
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Medium
Owner Pays: Gas; Sewer; Taxes; Trash Collection; Water
Parking Characteristics: Multiple Garages; Storage
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Cable TV; Electricity; Telephone
Topography: Level
Unit 1 Amenities: Countertops-Solid Surface; Hardwood Floors; Kitchen Window; Natural Woodwork
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Eat In Kitchen
Unit 2 Amenities: Countertops-Solid Surface; Hardwood Floors; Natural Woodwork
Unit 2 Appliances: Range; Refrigerator
Unit 2 Cooling: Window
Unit 3 Amenities: Countertops-Solid Surface; Hardwood Floors; Kitchen Window; Natural Woodwork
Unit 3 Appliances: Range; Refrigerator
Unit 3 Cooling: Window
Unit 3 Dining Room Description: Eat In Kitchen
Unit 4 Amenities: Countertops-Solid Surface; Hardwood Floors; Natural Woodwork
Unit 4 Appliances: Range; Refrigerator
Unit 4 Cooling: Window
Unit 4 Dining Room Description: Eat In Kitchen
Water: City Water/Connected
Listing Office: Keller Williams Realty Integrity Lakes
Last Updated: October - 01 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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