Home › 4025 42nd Avenue S, Minneapolis, MN 55406 (MLS# 7016605)

4025 42nd Avenue S, Minneapolis, MN 55406 (MLS# 7016605)

$365,000
4025 42nd Avenue S
Minneapolis, MN 55406
MLS# 7016605
Status: Closed
2 beds  |  2 baths  |  2576 sqft
4025 42nd Avenue S, Minneapolis, MN 55406
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Property Description
Investor alert: Turnkey duplex with proven rental performance and multiple avenues to increase cash flow. Two clean 1BD/1BA units, plus a spacious unfinished lower level—perfect for storage income or future expansion. 2-car garage offers optional rent add-on. Both units are currently vacant, giving you full control over rent resets and tenant selection. High-demand Hiawatha neighborhood supports strong long-term appreciation.

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2026-05-07
Contingency: None
Current Price: 370000
Closed Date: 2026-05-28
Original List Price: 410000
ListPrice: 365000
Sales Close Price: 370000
List Date: 2026-02-04
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1929
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 2
Baths Total: 2
Main Floor Total SqFt: 1288
Above Ground SqFt: 1288
Below Grd Total SqFt: 1288
Total SqFt: 2576
Foundation Size: 1288
Style: (MF) Duplex Side X Side
Total Finished Sqft: 1288.00
Garage Stalls: 2
Lot Dimensions: 40 x 126
Acres: 0.12
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 4025
Street Name: 42nd
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Complex/Dev/Subdivision: L D Richardsons Add
Assessments
Tax With Assessments: 6201
Building Information
Finished SqFt Above Ground: 1288
Income and Expenses
Annual Fuel Expense: 1800
Annual Gross Income: 28800
Annual Water/Sewer Expense: 1800
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 20 x 20
Garage Square Feet: 400
Public Survey Info
Range#: 23
Section#: 07
Township#: 28
Unit 1
Furnished?: No
Leased?: No
Unit Number: 1
Annual Rent: 14400
Finished SqFt: 625
Full Baths: 1
Monthly Rent: 1200
No. of Units Like This: 2
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 5
Unit Details
Total Units: 2
Property Features
Accessible: None
Amenities Shared: Common Laundry Facility
Assumable Loan: Not Assumable
Basement: Concrete Block; Full; Shared Access; Storage Space; Unfinished
Construction Materials: Block
Construction Status: Previously Owned
Electric: Circuit Breakers
Existing Financing: Free and Clear
Exterior: Stucco
Fencing: None
Financing Terms: Conventional
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Laundry: Common Area; Lower Level; Sink
Lot Description: Tree Coverage - Light
Owner Pays: Gas; Sewer; Trash Collection; Water
Pool Description: None
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Asphalt Shingles
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: One
Tenant Pays: Electricity
Topography: Level
Unit 1 Amenities: Ceiling Fan(s); Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: None
Unit 1 Dining Room Description: Living/Dining Room
Unit 1 Special Search: Main Floor Primary
Water: City Water/Connected

Listing Office: Edina Realty, Inc.

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.

Monday 1st of June 2026 02:24 AM

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