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566 & 568 37th Avenue NE Minneapolis, MN $ 519,000
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$ 519,000 Get more info
566 & 568 37th Avenue NE
$ 519,000
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566 & 568 37th Avenue NE

Minneapolis, MN, 55421
$ 519,000
Bedrooms6 Baths4.0 Sq 2,729

Monthly Estimate*

$ 3,585

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Multi-Family Home for sale in Minneapolis, MN

for $519,000 with 6 bedrooms and 4 full baths. This 2,729 square foot home was built in 1963 on a lot size of 0.13.

Prime Northeast Minneapolis Duplex Investment! This turnkey, 100% leased side-by-side duplex offers robust, stable cash flow in a high-demand rental market. • The Property: Spacious side-by-side layout with 1,364 finished sq. ft. per side. • The Income: Strong gross rent of $4,965/month ($59,580 annually). • Guaranteed Revenue: Unit 566 is backed by MPHA rental assistance (approx. $1,976/mo / $23,712 annualized). • The Location: Quiet neighborhood within walking distance to Columbia Parkway, 2 miles to top NE bars/restaurants, and <5 miles to downtown. • Portfolio Option: Located at 566 & 568 37th Ave NE, this is part of a portfolio with 2549 11th Ave S (MLS 7149877). Properties can be sold individually. Please review the Offering Memorandum for additional details.

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Multi-Family Active

Price

$ 519,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 6,097

Style

Duplex Side by Side

Lot Size

0.13

Year Built

1963

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7149871
Features
General
Living Area 2729
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 0
Year Built 1963
Tenant Pays Broadband Cable TV Electricity Gas Lawn Care Snow Removal
Levels Two
Property Subtype Duplex Side by Side
Tax Year 2026
Gross Income 59580
Accessibility None
County Hennepin
Net Operating Income 47764
Operating Expense 11816
Insurance Expense 2427
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 500
Subdivision Name Columbia Heights Add
Directions Central Avenue to 37th West to home on the left.
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 6097
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 2292
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Finished
Basement (Y/N) Y
Above Grade Finished Area 1491
Total Bedrooms 6
Below Grade Finished Area 1238
Total Baths 4
Fuel Natural Gas
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Exterior
Parking Features On-Street Parking Only
Water Source City Water/Connected
Lot Size Area 0.13
Building Area Total 2729
Lot Dimensions 45.00 X 123.00
Waterfront Y/N N
Foundation Area 1491
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Internal Only
Street Number 1 566
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* Excluded Features
List By
Edina Realty, Inc.

Broker

bradedlefsen@edinarealty.com

Email

Affordability Calculator

$4,093
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,585
Monthly Property Taxes
$508
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
See complete school information
Pricing History
Date Price Price Change Description
10/9/2026 $519,000 Listed Price

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566 & 568 37th Avenue NE, Minneapolis, MN, 55421 is a Multi-Family Home for sale at $519,000 with 2,729 sqft and a lot size of 0.13. 566 & 568 37th Avenue NE has 6 bedrooms, 4.0 baths, and was built in 1963. The property's zip code is 55421 which is in Minneapolis, MN

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