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1092 18th Avenue SE, Minneapolis, MN 55414

$437,000

Property Type: Multi-Family Bedrooms: 7 Baths: 2 Square Footage: 3,487 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $437,000 List Date: 5/04/2026 Last Modified: 7/10/2026

Overview

Description

Fully rented duplex near the University of Minnesota with strong rental history and consistent demand. This 3-story property offers 6 bedrooms, 2 bathrooms, and over 2,450 finished square feet, with spacious layouts and nice updates. Monthly rental income is $3,860. ($46,320 annual rental income) Potential for tri-plex conversion with high ceilings in the basement (buyer to verify), offering an opportunity to increase rental income and overall property value. Detached 3-car garage adds value for tenants and provides additional income potential. Prime location close to campus, restaurants, and major highways, making this a solid investment opportunity with long-term upside in a high-demand rental area.

Listing Details MLS# 7056792

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1191
Above Ground SqFt: 2301
Below Grd Total SqFt: 1186
Total SqFt: 3487
Foundation Size: 1186
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2301.00
Garage Stalls: 3
Lot Dimensions: 40x137
Acres: 0.13
Assessment Pending: Unknown

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Basement: Unfinished Construction Status: Previously Owned Exterior: Stucco Foundation: Other Fuel: Natural Gas Heating: Boiler Lock Box Type: Combo Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Medium Owner Pays: Exterior Maintenance; Grounds Care; HVAC Maintenance; Insurance; Maintenance/Repair; Management; Repairs; Roof Maintenance; See Remarks; Sewer; Taxes; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Tenant Pays: Broadband; Cable TV; Common Area Maintenance; Electricity; Fuel; Gas; Heat; Hot Water; Lawn; See Remarks; Snow Removal Unit 1 Appliances: Dishwasher; Exhaust Fan/Hood; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 2 Appliances: Dishwasher; Dryer; Exhaust Fan/Hood; Range; Refrigerator; Washer Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: None Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 437000
ListPrice: 437000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1092
Street Name: 18th
Street Suffix: Avenue
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Ways Add

Assessments

Tax With Assessments: 7503.6
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2301

More Information

Income and Expenses

Annual Gross Income: 46320
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 713

Public Survey Info

Range#: 23
Section#: 19
Township#: 29

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 21840
Finished SqFt: 1191
Full Baths: Yes
Monthly Rent: 1820
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit 2

Furnished?: No
Leased?: Yes
Level: Multi-Level
Unit Number: 2
Annual Rent: 23400
Finished SqFt: 1191
Full Baths: Yes
Monthly Expense: 235
Monthly Rent: 1950
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 4
Total Rooms: 7

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 024 BLOCK 001 WAYS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 107
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1040
Property ID Number: 1902923220080
Tax Year: 2026
Tax Amount: 7503.6
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fully rented duplex near the University of Minnesota with strong rental history and consistent demand. This 3-story property offers 6 bedrooms, 2 bathrooms, and over 2,450 finished square feet, with spacious layouts and nice updates. Monthly rental income is $3,860. ($46,320 annual rental income) Potential for tri-plex conversion with high ceilings in the basement (buyer to verify), offering an opportunity to increase rental income and overall property value. Detached 3-car garage adds value for tenants and provides additional income potential. Prime location close to campus, restaurants, and major highways, making this a solid investment opportunity with long-term upside in a high-demand rental area.
Directions: 35W N, E onto E Hennepin Ave, S onto 18th Ave SE.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Basement

Unfinished: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lock Box Type

Combo: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Medium: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Insurance: Yes
Maintenance/Repair: Yes
Management: Yes
Repairs: Yes
Roof Maintenance: Yes
See Remarks: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Common Area Maintenance: Yes
Electricity: Yes
Fuel: Yes
Gas: Yes
Heat: Yes
Hot Water: Yes
Lawn: Yes
See Remarks: Yes
Snow Removal: Yes

Unit 1 Appliances

Dishwasher: Yes
Exhaust Fan/Hood: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Exhaust Fan/Hood: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

None: Yes

Listing Office: Real Listings

Last Updated: July - 10 - 2026

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