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1123 5th Street NE, Minneapolis, MN 55413

New Listing

$450,000

1123 5th St NE - Duplex for sale in NE Minneapolis

Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 3,143 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $450,000 List Date: 7/07/2026 Last Modified: 7/08/2026

Overview

Description

Well-maintained classic brick duplex in the heart of NE Minneapolis — one of the city's most sought-after neighborhoods. Live in one unit and collect rent from the other, or lease both and let the property work for you. Original craftsmanship shines throughout: 10-foot ceilings, hardwood floors, and generous layouts that give each unit real breathing room. Both units offer 2 bedrooms and 1 full bath, with plenty of updates already done. Utilities are fully split — separate furnaces and water heaters for each unit — keeping operations clean and expenses easy to manage. The upper unit adds a private balcony. The basement provides solid storage and shared laundry access. Out back, a large detached garage handles parking and overflow storage, with additional off-street parking on top of that. Steps from NE Minneapolis's best — local restaurants, bars, breweries, and independent shops. One lease runs through the end of June, giving a new owner flexibility to move in or reset ... (Read more)

Listing Details MLS# 7105432

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1905
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1053
Above Ground SqFt: 2106
Below Grd Total SqFt: 1037
Total SqFt: 3143
Foundation Size: 1037
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2160.00
Garage Stalls: 2
Lot Dimensions: 40x138
Acres: 0.13
Assessment Pending: Unknown

Property Features

Accessible: None Amenities Shared: Porch Basement: Unfinished Construction Materials: Concrete Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Brick/Stone Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Lot Description: Public Transit (w/in 6 blks) Owner Pays: Exterior Maintenance; Fuel; Gas; Heat; Insurance; Maintenance/Repair; Repairs; Sewer; Taxes; Trash Collection; Water Pool Description: None Road Frontage: City Street Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity Unit 1 Amenities: Hardwood Floors Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Eat In Kitchen; Informal Dining Room Unit 2 Amenities: Hardwood Floors Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Eat In Kitchen; Informal Dining Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 450000
ListPrice: 450000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1123
Street Name: 5th
Street Suffix: Street
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55413

Assessments

Tax With Assessments: 8124.94
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2160

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 21x21
Garage Square Feet: 441

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 19200
Finished SqFt: 1053
Full Baths: Yes
Monthly Rent: 1600
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 8

Unit 2

Furnished?: No
Lease Expiration Date: 2025-08-31
Leased?: Yes
Unit Number: 2
Annual Rent: 19200
Finished SqFt: 1053
Full Baths: Yes
Monthly Rent: 1750
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 8

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 024 RYDBERGS SUBD OF BLK 2 CUTTERS ADDN
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Country: US
Property ID Number: 1402924240189
Tax Year: 2026
Tax Amount: 8124.94
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Well-maintained classic brick duplex in the heart of NE Minneapolis — one of the city's most sought-after neighborhoods. Live in one unit and collect rent from the other, or lease both and let the property work for you. Original craftsmanship shines throughout: 10-foot ceilings, hardwood floors, and generous layouts that give each unit real breathing room. Both units offer 2 bedrooms and 1 full bath, with plenty of updates already done. Utilities are fully split — separate furnaces and water heaters for each unit — keeping operations clean and expenses easy to manage. The upper unit adds a private balcony. The basement provides solid storage and shared laundry access. Out back, a large detached garage handles parking and overflow storage, with additional off-street parking on top of that. Steps from NE Minneapolis's best — local restaurants, bars, breweries, and independent shops. One lease runs through the end of June, giving a new owner flexibility to move in or reset rents at market. Many recent updates include furnaces, water heaters, and updated electrical panels in each unit. Lower unit features an updated granite countertop and a complete bath remodel. Wood floors have been restained and have been polished every 2-3 years. Added insulation in the attic. Updated railing and waterproofing on second floor deck/balcony. Move-in ready. Income-producing from day one. Hard to find at this location. Schedule a showing today!
Directions: 94 to Broadway, East on Broadway to 5th St NE, go North (left) on 5th to property

Accessible

None: Yes

Amenities Shared

Porch: Yes

Basement

Unfinished: Yes

Construction Materials

Concrete: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Brick/Stone: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Basement: Yes

Lot Description

Public Transit (w/in 6 blks): Yes

Owner Pays

Exterior Maintenance: Yes
Fuel: Yes
Gas: Yes
Heat: Yes
Insurance: Yes
Maintenance/Repair: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Porch: Yes
Side Porch: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

Income and Expenses

Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 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

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes

Unit 1 Amenities

Hardwood Floors: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Eat In Kitchen: Yes
Informal Dining Room: Yes

Unit 2 Amenities

Hardwood Floors: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes
Informal Dining Room: Yes

Listing Office: eXp Realty

Last Updated: July - 08 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.