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129 Arthur Avenue SE, Minneapolis, MN 55414

New Listing

$490,000

3rd floor attic - the possibilities are endless

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Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 4,261 Lot Size (sq. ft.): 5,227 Status: Coming Soon

Current Price: $490,000 List Date: 6/13/2026 Last Modified: 6/13/2026

Overview

Description

Rare opportunity to own a classic up/down duplex in the heart of Minneapolis' highly sought-after Prospect Park neighborhood. Whether you're looking to offset your mortgage with rental income or add a strong-performing asset to your investment portfolio, this property offers outstanding flexibility and long-term potential. Filled with timeless character, both units feature impressive 9-foot ceilings, original hardwood and tile flooring, beautiful wood built-ins, detailed millwork, and abundant natural light. The upper unit boasts a remodeled kitchen with stainless steel appliances, while additional spaces including a charming sunroom/porch, private balcony, unfinished third-floor attic, and expansive basement provide exceptional storage. Major mechanical updates include a boiler (2018), two water heaters (2020), and exterior painted (2026). A half-circle paver driveway accessible from the alley offers convenient off-street parking in addition to ample street parking. Located in one ... (Read more)

Listing Details MLS# 7091972

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1908
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1265
Above Ground SqFt: 3099
Below Grd Total SqFt: 1162
Total SqFt: 4261
Foundation Size: 1162
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2530.00
Power Company: Xcel Energy
Lot Dimensions: 51x124
Acres: 0.12
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Basement: Full; Unfinished Construction Materials: Frame; Stone Construction Status: Previously Owned Exterior: Wood Foundation: Stone Fuel: Natural Gas Heating: Boiler; Radiant Laundry: Laundry Room; Lower Level Lock Box Type: Combo Lot Description: Tree Coverage - Medium Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Topography: Sloped Unit 1 Amenities: Deck; Hardwood Floors; Kitchen Window; Natural Woodwork; Sun Room; Tile Floors Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Dining Room Description: Informal Dining Room; Living/Dining Room Unit 1 Special Search: Main Floor Bedroom Unit 2 Amenities: Deck; Hardwood Floors; Kitchen Window; Natural Woodwork; Sun Room; Tile Floors Unit 2 Appliances: Dishwasher; Dryer; Freezer; Microwave; Range; Refrigerator; Washer Unit 2 Dining Room Description: Informal Dining Room; Living/Dining Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 490000
ListPrice: 490000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 129
Street Name: Arthur
Street Suffix: Avenue
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Prospect Park 1st Div Rev

Assessments

Tax With Assessments: 6869
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2530

More Information

Income and Expenses

Annual Gross Income: 21000
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 Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 23
Section#: 30
Township#: 29

Unit 1

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 21000
Finished SqFt: 1000
Full Baths: Yes
Monthly Rent: 1750
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
Finished SqFt: 1116
Full Baths: Yes
No. of Units Like This: 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: BLOCK 011 PROSPECT PARK 1ST DIV REV THE W 50 FT OF THE E 90 FT OF LOT 19 ALSO THE W 40 FT OF THE E 80 FT OF LOT 20
Listing City: Minneapolis
Map Page: 107
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3411
Property ID Number: 3002923420056
Tax Year: 2025
Tax Amount: 6869
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rare opportunity to own a classic up/down duplex in the heart of Minneapolis' highly sought-after Prospect Park neighborhood. Whether you're looking to offset your mortgage with rental income or add a strong-performing asset to your investment portfolio, this property offers outstanding flexibility and long-term potential. Filled with timeless character, both units feature impressive 9-foot ceilings, original hardwood and tile flooring, beautiful wood built-ins, detailed millwork, and abundant natural light. The upper unit boasts a remodeled kitchen with stainless steel appliances, while additional spaces including a charming sunroom/porch, private balcony, unfinished third-floor attic, and expansive basement provide exceptional storage. Major mechanical updates include a boiler (2018), two water heaters (2020), and exterior painted (2026). A half-circle paver driveway accessible from the alley offers convenient off-street parking in addition to ample street parking. Located in one of Minneapolis' most desirable urban neighborhoods, this property is just blocks from the University of Minnesota, Green Line light rail, bus routes, parks, restaurants, coffee shops, and local retail. Easy access to I-35W and I-94 makes commuting throughout the Twin Cities a breeze. With strong rental demand, historic charm, and an unbeatable location, this Prospect Park duplex presents an exceptional opportunity for both investors and owner-occupants alike.
Directions: Franklin Ave SE to Malcolm Ave to Melbourne Ave and slight turn onto Arthur Ave SE to duplex.

Accessible

None: Yes

Basement

Full: Yes
Unfinished: Yes

Construction Materials

Frame: Yes
Stone: Yes

Construction Status

Previously Owned: Yes

Exterior

Wood: Yes

Foundation

Stone: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes
Radiant: Yes

Laundry

Laundry Room: Yes
Lower Level: Yes

Lock Box Type

Combo: Yes

Lot Description

Tree Coverage - Medium: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes

Sellers Terms

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

Sewer

City Sewer/Connected: Yes

Topography

Sloped: Yes

Water

City Water/Connected: Yes

Unit 1 Amenities

Deck: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Sun Room: Yes
Tile Floors: Yes

Unit 1 Appliances

Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Dining Room Description

Informal Dining Room: Yes
Living/Dining Room: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes

Unit 2 Amenities

Deck: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Sun Room: Yes
Tile Floors: Yes

Unit 2 Appliances

Dishwasher: Yes
Dryer: Yes
Freezer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Dining Room Description

Informal Dining Room: Yes
Living/Dining Room: Yes

Listing Office: Roseville Realty

Last Updated: June - 13 - 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.