5040 Nicollet Avenue Minneapolis, MN $ 400,000
5040 Nicollet Avenue
$ 400,000
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5040 Nicollet Avenue

Minneapolis, MN, 55419
$ 400,000
Bedrooms4 Baths2.0 Sq 2,346

Monthly Estimate*

$ 2,763

5040 Nicollet Avenue, Minneapolis, MN 55419 - Image 1
5040 Nicollet Avenue, Minneapolis, MN 55419 - Image 2

Multi-Family Home for sale in Minneapolis, MN

for $400,000 with 4 bedrooms and 2 full baths. This 2,346 square foot home was built in 1940 on a lot size of 0.17.

Rarely available side-by-side brick duplex in the heart of Tangletown, one of Southwest Minneapolis' most coveted neighborhoods. Perfectly positioned near 50th & Nicollet, this exceptional property is within walking distance of Minnehaha Creek, lakes, parks, top-rated schools, local shops, restaurants, and transit options. Each generously sized unit offers hardwood floors and in-unit laundry, while the detached two-car garage and additional off-street parking provide added convenience. Whether you're seeking an owner-occupied investment, steady rental income, or a long-term portfolio asset, this is an outstanding opportunity to own a property in a premier Minneapolis location.

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Multi-Family Active

Price

$ 400,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 9,052

Style

Duplex Side by Side

Lot Size

0.17

Year Built

1940

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7157503

Features
General
Living Area 2346
Sewer City Sewer/Connected
Heating Forced Air
Roof Age Over 8 Years Asphalt Pitched
Garage Spaces 2
Pool Features None
Construction Materials Block Brick Concrete Frame
Year Built 1940
Electric Circuit Breakers 100 Amp Service
Tenant Pays Broadband Cable TV Electricity Heat Hot Water
Topography High Ground
Levels One
Property Subtype Duplex Side by Side
Tax Year 2025
Gross Income 27650
Accessibility Reduced Height Counters
County Hennepin
Net Operating Income 20867.71
Operating Expense 6782.29
Insurance Expense 1
New Construction N
Property Type Residential Income
Association Amenities None
Contingency None
MaintenanceExpense 4586.29
Subdivision Name Washburn hill Addn to Mpls
Directions 50th St. to Nicollet South to Home
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family Residential-Single Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 9052
Electric Expense 1
Fuel Expense 1
Trash Expense 1018.56
Water Sewer Expense 1695.12
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block Daylight/Lookout Windows Partially Finished
Basement (Y/N) Y
Above Grade Finished Area 1936
Laundry Features In Basement Gas Dryer Hookup Lower Level Sink Washer Hookup
Total Bedrooms 4
Below Grade Finished Area 410
Total Baths 2
Foundation Dimensions 40 x 52
Fuel Natural Gas
Garage Square Feet 180
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Exterior
Parking Features Detached Garage Concrete Multiple Garages No Int Access to Dwelling Shared Garage/Stall
Lot Features Public Transit (w/in 6 blks) Irregular Lot Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.17
Building Area Total 3872
Lot Dimensions 53 x 140
Waterfront Y/N N
Foundation Area 1936
Road Frontage Type City Street Curbs Paved Streets Sidewalks Street Lights Storm Sewer
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 5040
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* Excluded Features
List By
Keller Williams Preferred Rlty

Broker

lanceberwald@kw.com

Email

Affordability Calculator

$3,517
Per Month
79%
21%
0%
Monthly Principal & Interest
$2,763
Monthly Property Taxes
$754
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
10/12/2026$400,000 Listed Price

Map


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5040 Nicollet Avenue, Minneapolis, MN, 55419 is a Multi-Family Home for sale at $400,000 with 2,346 sqft and a lot size of 0.17. 5040 Nicollet Avenue has 4 bedrooms, 2.0 baths, and was built in 1940. The property's zip code is 55419 which is in Minneapolis, MN