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1320 Jefferson Street NE Minneapolis, MN $ 525,000
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1320 Jefferson Street NE
$ 525,000
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1320 Jefferson Street NE

Minneapolis, MN, 55413
$ 525,000
Bedrooms6 Baths2.0 Sq 3,327

Monthly Estimate*

$ 3,626

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Multi-Family Home for sale in Minneapolis, MN

for $525,000 with 6 bedrooms and 2 full baths. This 3,327 square foot home was built in 1900 on a lot size of 0.15.

Excellent opportunity in NE Minneapolis for passive income generation! Owner pays water/sewer/trash. Separate meters for gas and electric per unit. Currently no fees for garage use or pets, creating pro forma opportunity for future tenants. Garage is best suited for storage space. Maple HW floors throughout both units, laundry and updated kitchen in upper unit. Large main level unit has exclusive use of partially finished basement, which includes laundry and large family room. Never a vacancy since ownership started in 2015. Self-management and seller repairs keep costs low. Many photos have been "virtually decluttered" to best showcase each room. Teriffic location close to the heart of NE Minneapolis and all it has to offer!

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Multi-Family Active

Price

$ 525,000

Bedrooms

6

Full Bath

2

Property Type

Multi-Family

Taxes

$ 10,164

Style

Duplex Up and Down

Lot Size

0.15

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7170837
Features
General
Living Area 3327
Sewer City Sewer/Connected
Heating Baseboard Boiler Forced Air
Roof Age Over 8 Years
Garage Spaces 2
Pool Features None
Construction Materials Frame
Year Built 1900
Electric Circuit Breakers 100 Amp Service
Tenant Pays Cable TV Electricity Gas
Levels Two
Property Subtype Duplex Up and Down
Tax Year 2026
Gross Income 55740
Accessibility None
County Hennepin
Net Operating Income 37937
Operating Expense 17803
Insurance Expense 2880
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 289
Subdivision Name Mcmillans Add
Directions Central Avenue to west on Broadway north on Jefferson to property on the west side of Jefferson.
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 10164
Electric Expense 0
Fuel Expense 0
Trash Expense 800
Water Sewer Expense 1700
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Block Partially Finished Single Tenant Access
Basement (Y/N) Y
Above Grade Finished Area 2726
Laundry Features In Basement Electric Dryer Hookup Upper Level
Total Bedrooms 6
Below Grade Finished Area 601
Total Baths 2
Fuel Electric Natural Gas
Garage Dimensions 20 x 19
Garage Square Feet 371
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Exterior
Fencing Chain Link Full
Parking Features Detached Garage
Lot Features Public Transit (w/in 6 blks)
Water Source City Water/Connected
Lot Size Area 0.15
Building Area Total 4080
Lot Dimensions 50 x 128
Waterfront Y/N N
Foundation Area 1354
Road Frontage Type City Street Sidewalks
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 1320
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* Excluded Features
List By
Luke Real Estate

Broker

jengeisinger@gmail.com

Email

Affordability Calculator

$4,473
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,626
Monthly Property Taxes
$847
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
DatePricePrice ChangeDescription
11/11/2026$525,000 Listed Price

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1320 Jefferson Street NE, Minneapolis, MN, 55413 is a Multi-Family Home for sale at $525,000 with 3,327 sqft and a lot size of 0.15. 1320 Jefferson Street NE has 6 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 55413 which is in Minneapolis, MN

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