3245 22nd Avenue S, Minneapolis, MN 55407 (MLS# 7062532)


$490,000
3245 22nd Avenue S
Minneapolis, MN 55407
MLS# 7062532
5 beds  |  2 baths  |  4401 sqft


3245 22nd Avenue S, Minneapolis, MN 55407
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3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 Front porch/sunroom, many windows allowing abundant amount of light. Living room - hardwood floors and gorgeous woodwork 3245 22nd Avenue S, Minneapolis, MN 55407 Kitchen with stone countertops and tiled backsplash 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 Living room - original woodwork throughout 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 Basement with ample storage and bathroom (1/2) 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407 3245 22nd Avenue S, Minneapolis, MN 55407

Property Description
Remarkable opportunity to own a well maintained, large, up and down duplex with additional possibilities to expand. Located in the Corcoran neighborhood, this property is ideal for a first-time homebuyer, house hacker, multi-generational living setup, or investor looking to grow their portfolio with a character-filled duplex in a prime Minneapolis location. Live in one unit and offset your mortgage with rental income or maximize cash-flow potential with a fully rented property. The spacious upper-level unit features 3 bedrooms, updated full bath, large living room, formal dining room, dedicated office, sunroom, balcony, and updated kitchen blending modern convenience with timeless charm. The main-level unit offers 2 bedrooms, updated kitchen and bath, formal dining room, living room, and inviting exterior porch. Both units showcase beautiful original woodwork, hardwood floors, and abundant natural light throughout. Shared laundry, fenced backyard perfect for hanging out, and a 2-car garage add value and functionality. Conveniently located near the light rail, parks, restaurants, coffee shops, downtown Minneapolis, and major commuter routes. Rare opportunity to own a versatile income-producing property in one of South Minneapolis’ most connected neighborhoods. Schedule your showing today!

Details
Maps
Documents
Contract Information
Status: Active
Contingency: None
Current Price: 490000
Original List Price: 490000
ListPrice: 490000
List Date: 2026-05-12
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1915
Yearly/Seasonal: Yearly
Bedrooms: 5
Baths Total: 2
Main Floor Total SqFt: 1166
Above Ground SqFt: 3235
Below Grd Total SqFt: 1166
Total SqFt: 4401
Foundation Size: 1166
Style: (MF) Duplex Up and Down
Total Finished Sqft: 3235.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 41x171x41x171
Acres: 0.16
Assessment Pending: No
Location Tax and Other Information
House Number: 3245
Street Name: 22nd
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Perkins Add
Assessments
Tax With Assessments: 7646.14
Building Information
Finished SqFt Above Ground: 3235
Income and Expenses
Annual Gross Expenses: 15546
Annual Gross Income: 43362
Annual Insurance Expense: 4650
Annual Maintenance Expense: 1895
Annual Water/Sewer Expense: 2400
Total Annual Expenses: 15546
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: MAAR
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 21'x16'
Garage Door Height: 7
Garage Door Width: 8
Garage Square Feet: 418
Public Survey Info
Range#: 24
Section#: 01
Township#: 28
Unit 1
Furnished?: No
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Main Level
Unit Number: 1
Annual Rent: 18300
Finished SqFt: 1166
Full Baths: 1
Monthly Rent: 1525
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 6
Unit 2
Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Multi-Level
Unit Number: 2
Annual Rent: 25500
Finished SqFt: 2069
Full Baths: 1
Monthly Expense: 1
Monthly Rent: 2125
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 9
Unit Details
Total Units: 2
Property Features
Accessible: None
Amenities Shared: Common Laundry Facility
Basement: Full; Unfinished
Construction Status: Previously Owned
Electric: 100 Amp Service
Exterior: Shakes; Stucco
Fencing: Chain Link; Full; Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Radiator
Laundry: Common Area; In Basement
Lock Box Type: Supra
Lot Description: Corner Lot; Public Transit (w/in 6 blks)
Owner Pays: Common Area Maintenance; Exterior Maintenance; Insurance; Maintenance/Repair; Repairs; Sewer; Trash Collection; Water
Parking Characteristics: Garage Door Opener
Pool Description: None
Rental License Type: Standard
Roof: Age Over 8 Years
Sellers Terms: Cash; Conventional; Special Funding
Sewer: City Sewer/Connected
Tenant Pays: Broadband; Cable TV; Electricity; Gas; Heat
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Dining Room Description: Separate/Formal Dining Rm
Unit 2 Bath Description: Upper Level Full Bath
Unit 2 Dining Room Description: Separate/Formal Dining Rm
Water: City Water/Connected

Listing Office: BrBaGa

Last Updated: May - 28 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Saturday 30th of May 2026 06:41 PM

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