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2417 Cole Avenue SE, Minneapolis, MN 55414

New Listing

$345,000

Fantastic duplex in University of MN neighborhood.

Great potential with minor sweat equity. Owner Occupied possibilities or great rental.

Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 3,472 Lot Size (sq. ft.): 5,227 Status: Active

Current Price: $345,000 List Date: 6/18/2026 Last Modified: 6/19/2026

Overview

Description

Well-maintained side-by-side duplex featuring a long-term tenant in one unit and a reliable two-year tenant in the other, both expressing interest in remaining in place. Each unit offers hardwood floors throughout the main living areas, with durable vinyl flooring in the kitchens and bathrooms. The unfinished lower levels provide excellent potential for additional living space, storage, or future value-add opportunities. Off-street parking adds convenience for tenants. Ideally located near the University of Minnesota, with easy access to parks, restaurants, shopping, public transportation, and other neighborhood amenities.

Listing Details MLS# 7095760

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1965
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1736
Above Ground SqFt: 1736
Below Grd Total SqFt: 1736
Total SqFt: 3472
Foundation Size: 1736
Style: (MF) Duplex Side X Side
Total Finished Sqft: 1736.00
Lot Dimensions: 125x40
Acres: 0.12
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Basement: Concrete Block Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Cement Board Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Lower Level Owner Pays: Exterior Maintenance; Insurance; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water Road Frontage: City Street Sewer: City Sewer/Connected Stories: One Tenant Pays: Gas; Grounds Care; Heat; Lawn Unit 1 Cooling: Window Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Eat In Kitchen Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 345000
ListPrice: 345000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 2417
Street Name: Cole
Street Suffix: Avenue
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Cole & Weeks Add

Assessments

Tax With Assessments: 5551
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1736

More Information

Income and Expenses

Annual Gross Expenses: 14000
Annual Gross Income: 32100
Annual Insurance Expense: 3000
Annual Water/Sewer Expense: 1920
Total Annual Expenses: 1400
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

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

Unit 1

Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 14700
Finished SqFt: 868
Full Baths: Yes
Monthly Rent: 1225
No. of Units Like This: Yes
Oth Parking Spaces: 5
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 17400
Finished SqFt: 868
Full Baths: Yes
Monthly Rent: 1450
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 001 BLOCK 020 COLE & WEEKS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 107
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1114
Property ID Number: 1902923240156
Tax Year: 2026
Tax Amount: 5551
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Well-maintained side-by-side duplex featuring a long-term tenant in one unit and a reliable two-year tenant in the other, both expressing interest in remaining in place. Each unit offers hardwood floors throughout the main living areas, with durable vinyl flooring in the kitchens and bathrooms. The unfinished lower levels provide excellent potential for additional living space, storage, or future value-add opportunities. Off-street parking adds convenience for tenants. Ideally located near the University of Minnesota, with easy access to parks, restaurants, shopping, public transportation, and other neighborhood amenities.
Directions: Como Ave to 22nd Ave to Cole Ave - east to property

Accessible

None: Yes

Basement

Concrete Block: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Cement Board: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

Lower Level: Yes

Owner Pays

Exterior Maintenance: Yes
Insurance: Yes
Maintenance/Repair: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Road Frontage

City Street: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Gas: Yes
Grounds Care: Yes
Heat: Yes
Lawn: Yes

Unit 1 Cooling

Window: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes

Listing Office: Edina Realty, Inc.

Last Updated: June - 19 - 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.