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1818 13th Avenue S, Minneapolis, MN 55404

$500,000

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Property Type: Multi-Family Bedrooms: 8 Baths: 3 Square Footage: 4,667 Lot Size (sq. ft.): 6,534 Status: Active

Current Price: $500,000 List Date: 6/25/2026 Last Modified: 7/01/2026

Overview

Description

Incredible Investment Opportunity Just Blocks from U.S. Bank Stadium! This high-potential property is a standout addition to any investor’s portfolio or an ambitious buyer looking to build immediate equity in one of Minneapolis’ most active and rapidly growing areas. Perfectly positioned near the Downtown East corridor, major medical centers, light rail transit, restaurants, entertainment, and employment hubs, this property offers access to a strong tenant pool year-round. The Perfect First Investment (Live Rent-Free!): This is a phenomenal opportunity for an owner-occupied, first-time investor. By moving into one space and renting out the rest, you can easily tap into the power of "house hacking"—allowing you to live virtually rent-free while generating immediate cash flow to pay down your mortgage. Versatile Layout & Value-Add Potential: The flexible layout provides excellent rental potential and multiple living areas, including additional finished living space in the attic/ ... (Read more)

Listing Details MLS# 7087133

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1909
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1400
Above Ground SqFt: 3267
Below Grd Total SqFt: 1400
Total SqFt: 4667
Foundation Size: 1400
Style: (MF) Duplex Up and Down
Total Finished Sqft: 3967.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 130x50
Acres: 0.15
Assessment Pending: No

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Concrete Block Construction Materials: Concrete Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: Conventional Exterior: Metal Fencing: Chain Link Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Internet Options: Cable; DSL; Satellite Laundry: In Basement Lock Box Type: Combo Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: All Utilities Road Frontage: City Street; Paved Streets; Sidewalks; Storm Sewer Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional; Conventional Rehab Sewer: City Sewer/Connected Tenant Pays: Cable TV Unit 1 Amenities: Cable; Ceiling Fan(s); Deck; Hardwood Floors; Kitchen Window; Natural Woodwork; Porch Unit 1 Appliances: Cooktop; Dryer; Microwave; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Ductless Mini-Split; Window Unit 1 Dining Room Description: Kitchen/Dining Room; Living/Dining Room Unit 1 Family Room Characteristics: Family Room; Main Level Unit 2 Amenities: Balcony; Deck Unit 2 Appliances: Cooktop; Microwave; Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Ductless Mini-Split; Window Unit 2 Dining Room Description: Kitchen/Dining Room; Living/Dining Room Unit 2 Family Room Characteristics: Family Room Unit 3 Amenities: Cable Unit 3 Appliances: Cooktop; Range; Refrigerator Unit 3 Bath Description: Upper Level 3/4 Bath Unit 3 Cooling: Ductless Mini-Split Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 500000
ListPrice: 500000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 1818
Street Name: 13th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55404
Complex/Dev/Subdivision: C L Willes Add To Minneapolis

Assessments

Tax With Assessments: 7456
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3267
Finished SqFt Below Ground: 700

More Information

Income and Expenses

Annual Caretaker Expense: 1320
Annual Electric Expense: 660
Annual Fuel Expense: 1620
Annual Gross Expenses: 20296
Annual Gross Income: 52200
Annual Insurance Expense: 2580
Annual Maintenance Expense: 1800
Annual Net Income: 31904
Annual Repair Expense: 2400
Annual Trash Expense: 660
Annual Water/Sewer Expense: 1800
Misc. Annual Income: 3000
Total Annual Expenses: 20296

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 600

Public Survey Info

Range#: 24
Section#: 26
Township#: 29

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
Finished SqFt: 1400
Full Baths: Yes
Monthly Rent: 2300
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 8

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
Finished SqFt: 1400
Full Baths: Yes
Monthly Rent: 2300
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit 3

Furnished?: No
Leased?: No
Level: 3rd Level
Unit Number: 3
3/4 Baths: Yes
Finished SqFt: 900
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit Details

Total Units: 3

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 005 BLOCK 004 C L WILLES ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 4534
Property ID Number: 2602924430031
Tax Year: 2025
Tax Amount: 6177
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Incredible Investment Opportunity Just Blocks from U.S. Bank Stadium! This high-potential property is a standout addition to any investor’s portfolio or an ambitious buyer looking to build immediate equity in one of Minneapolis’ most active and rapidly growing areas. Perfectly positioned near the Downtown East corridor, major medical centers, light rail transit, restaurants, entertainment, and employment hubs, this property offers access to a strong tenant pool year-round. The Perfect First Investment (Live Rent-Free!): This is a phenomenal opportunity for an owner-occupied, first-time investor. By moving into one space and renting out the rest, you can easily tap into the power of "house hacking"—allowing you to live virtually rent-free while generating immediate cash flow to pay down your mortgage. Versatile Layout & Value-Add Potential: The flexible layout provides excellent rental potential and multiple living areas, including additional finished living space in the attic/third level that creates added usable square footage. Bonus Value-Add: The property features updated electrical panels in the basement, setting the stage perfectly for a future basement finish to add even more equity, square footage, or rental income! With a strong rental history, updated mechanical infrastructure, and long-term appreciation potential, this property delivers a rare combination of immediate income opportunity and future upside. Don’t miss your chance to own real estate in one of the city’s most vibrant, high-demand neighborhoods. Schedule your tour today!
Directions: I-35W to 11th Ave S exit, north on 11th Ave S, east (right) on E 18th St, south (right) on 13th Ave S to property.

Accessible

None: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes

Construction Materials

Concrete: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Existing Financing

Conventional: Yes

Exterior

Metal: Yes

Fencing

Chain Link: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Internet Options

Cable: Yes
DSL: Yes
Satellite: Yes

Laundry

In Basement: Yes

Lock Box Type

Combo: Yes

Lot Description

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

Owner Pays

All Utilities: Yes

Patio, Porch and Deck Features

Deck: Yes
Enclosed: Yes
Front Porch: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes
Sidewalks: Yes
Storm Sewer: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
Conventional Rehab: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Cable TV: Yes

Unit 1 Amenities

Cable: Yes
Ceiling Fan(s): Yes
Deck: Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Natural Woodwork: Yes
Porch: Yes

Unit 1 Appliances

Cooktop: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Ductless Mini-Split: Yes
Window: Yes

Unit 1 Dining Room Description

Kitchen/Dining Room: Yes
Living/Dining Room: Yes

Unit 1 Family Room Characteristics

Family Room: Yes
Main Level: Yes

Unit 2 Amenities

Balcony: Yes
Deck: Yes

Unit 2 Appliances

Cooktop: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

Ductless Mini-Split: Yes
Window: Yes

Unit 2 Dining Room Description

Kitchen/Dining Room: Yes
Living/Dining Room: Yes

Unit 2 Family Room Characteristics

Family Room: Yes

Unit 3 Amenities

Cable: Yes

Unit 3 Appliances

Cooktop: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

Upper Level 3/4 Bath: Yes

Unit 3 Cooling

Ductless Mini-Split: Yes

Listing Office: Keller Williams Realty Integrity Lakes

Last Updated: July - 01 - 2026

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