5001 Thomas Avenue S Minneapolis, MN $ 449,900
5001 Thomas Avenue S
$ 449,900
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5001 Thomas Avenue S

Minneapolis, MN, 55410
$ 449,900
Bedrooms2 Baths2.0 Sq 1,730

Monthly Estimate*

$ 3,107

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Multi-Family Home for sale in Minneapolis, MN

for $449,900 with 2 bedrooms and 2 full baths. This 1,730 square foot home was built in 1941 on a lot size of 0.11.

A standout opportunity in sought-after Southwest Minneapolis, this duplex offers both flexibility and strong investment appeal. Ideally located just minutes from Lake Harriet, Bde Maka Ska, scenic trails, and neighborhood parks, the property combines location with livability. Inside, you’ll find hardwood floors, sun-filled living spaces, a bright kitchen with adjoining dining area, and a cozy sunroom in each unit. Both units include 1 bedroom and 1 bath, along with access to shared basement laundry and ample storage. Separate garages and driveways provide added convenience, making this an excellent option for owner-occupants or investors looking to rent out one or both units short- or long-term.

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Multi-Family Active

Price

$ 449,900

Bedrooms

2

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,961

Style

Duplex Side by Side

Lot Size

0.11

Year Built

1941

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7052362

Features
General
Living Area 1730
Sewer City Sewer/Connected
Heating Forced Air
Roof Architectural Shingle Asphalt
Garage Spaces 2
Year Built 1941
Electric Circuit Breakers
Tenant Pays All Utilities Cable TV
Levels One
Property Subtype Duplex Side by Side
Tax Year 2025
Gross Income 35976
Accessibility None
County Hennepin
Net Operating Income 32336
Operating Expense 3640
Insurance Expense 1500
New Construction N
Property Type Residential Income
Association Amenities Laundry
Contingency None
MaintenanceExpense 0
Subdivision Name Reeve Park 3rd Div
Directions 50th to Thomas S to property
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 7961
Electric Expense 480
Fuel Expense 460
Trash Expense 600
Water Sewer Expense 600
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Full Partially Finished Shared Access Storage Space
Basement (Y/N) Y
Above Grade Finished Area 1548
Laundry Features Common Area Lower Level Laundry Room
Total Bedrooms 2
Below Grade Finished Area 182
Total Baths 2
Fuel Natural Gas
Garage Square Feet 400
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Exterior
Parking Features Attached Garage Asphalt Garage Door Opener Tuckunder Garage
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.11
Building Area Total 3064
Lot Dimensions 39x127
Waterfront Y/N N
Foundation Area 1548
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 5001
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* Excluded Features
List By
Re/Max Advantage Plus

Broker

jason@walgrave.com

Email

Affordability Calculator

$3,771
Per Month
82%
18%
0%
Monthly Principal & Interest
$3,107
Monthly Property Taxes
$663
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/9/2026$449,900 -2.17% Price Down
8/31/2026$459,900 -3.18% Price Down
8/8/2026$475,000 -2.06% Price Down
4/11/2026$485,000 Listed Price

Map


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5001 Thomas Avenue S, Minneapolis, MN, 55410 is a Multi-Family Home for sale at $449,900 with 1,730 sqft and a lot size of 0.11. 5001 Thomas Avenue S has 2 bedrooms, 2.0 baths, and was built in 1941. The property's zip code is 55410 which is in Minneapolis, MN