2721 Columbus Avenue Minneapolis, MN $ 399,900
2721 Columbus Avenue
$ 399,900
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2721 Columbus Avenue

Minneapolis, MN, 55407
$ 399,900
Bedrooms2 Baths4.0 Sq 2,658

Monthly Estimate*

$ 2,762

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Multi-Family Home for sale in Minneapolis, MN

for $399,900 with 2 bedrooms and 4 full baths. This 2,658 square foot home was built in 1906 on a lot size of 0.12.

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 one 1-bedroom units, one 1-bedroom + Den/2nd bedroom unit, and two studio units, each with a full bath and kitchens. 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.

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Multi-Family Active

Price

$ 399,900

Bedrooms

2

Full Bath

4

Property Type

Multi-Family

Taxes

$ 5,916

Style

Fourplex

Lot Size

0.12

Year Built

1906

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7140287

Features
General
Living Area 2658
Sewer City Sewer/Connected
Heating Boiler
Roof Age 8 Years or Less
Garage Spaces 4
Year Built 1906
Electric Circuit Breakers 200+ Amp Service
Tenant Pays Cable TV Electricity Telephone
Topography Level
Levels Two
Property Subtype Fourplex
Tax Year 2025
Gross Income 40080
Accessibility None
County Hennepin
Net Operating Income 16330
Operating Expense 11650
Insurance Expense 3738
New Construction N
Property Type Residential Income
Association Amenities Laundry Other Security Lighting
Contingency None
MaintenanceExpense 0
Subdivision Name Woodburn Add
Directions 26th to Columbus S to property.
City Minneapolis
High School District Minneapolis
Number Of Units Total 4
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 5916
Electric Expense 0
Fuel Expense 1642
Trash Expense 0
Water Sewer Expense 6270
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Full Shared Access Storage/Locker Storage Space Unfinished
Basement (Y/N) Y
Above Grade Finished Area 2658
Laundry Features Lower Level
Total Bedrooms 2
Below Grade Finished Area 0
Total Baths 4
Fuel Natural Gas
Garage Square Feet 800
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Exterior
Fencing Chain Link Wood
Parking Features Detached Garage Multiple Garages Storage
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.12
Building Area Total 3936
Lot Dimensions 42x123
Waterfront Y/N N
Foundation Area 2700
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 2721
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* Excluded Features
List By
Keller Williams Realty Integrity Lakes

Broker

timothyfisher@kw.com

Email

Affordability Calculator

$3,255
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,762
Monthly Property Taxes
$493
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
9/8/2026$399,900 Listed Price

Map


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2721 Columbus Avenue, Minneapolis, MN, 55407 is a Multi-Family Home for sale at $399,900 with 2,658 sqft and a lot size of 0.12. 2721 Columbus Avenue has 2 bedrooms, 4.0 baths, and was built in 1906. The property's zip code is 55407 which is in Minneapolis, MN