2734 Ulysses Street NE, Minneapolis, MN 55418

$599,900
Property Type: Multi-Family Bedrooms: 7 Baths: 3 Square Footage: 3,432 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $599,900 List Date: 5/08/2026 Last Modified: 7/07/2026

Overview

Description

Highly productive multi-family property in the desirable Audubon Park area of NE Minneapolis! Flexible layout offers 7 total bedrooms and 3 bathrooms total. Current owner has invested approximately $170,000 in renovations, creating a strong opportunity for investors or owner-occupants alike. Live in one of the units while generating income from the remaining spaces! All tenants are currently month-to-month, providing added flexibility for future plans. Convenient features include 2 laundry areas plus an attached 2-car garage. A rare combination of location, updates, income potential, and owner-occupant flexibility in a sought-after NE Minneapolis neighborhood!

Listing Details MLS# 7040996

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1978
Yearly/Seasonal
Yearly
Main Floor Total SqFt
1144
Above Ground SqFt
2288
Below Grd Total SqFt
1144
Total SqFt
3432
Foundation Size
1144
Style
(MF) Duplex Up and Down
Total Finished Sqft
3132.00
Garage Stalls
2
Lot Dimensions
55x126
Acres
0.16
Assessment Pending
No

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Basement: Concrete Block; Egress Windows Construction Materials: Block; Frame Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Brick/Stone; Stucco; Wood Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Common Area; In Hall; Lower Level Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: Insurance; Lawn; Maintenance/Repair; Repairs; Sewer; Snow Removal; Trash Collection; Water Parking Characteristics: Garage Door Opener Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Asphalt Shingles; Flat Sellers Terms: Cash; Conventional; Special Funding; Trade; Other Sewer: City Sewer - In Street Shared Rooms: Other Stories: Two Tenant Pays: Electricity; Gas Topography: Level Unit 1 Amenities: Open Floor Plan; Ceiling Fan(s); Kitchen Center Island; Kitchen Window; Natural Woodwork Unit 1 Appliances: Stainless Steel Appliances; Microwave; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Breakfast Bar; Informal Dining Room Unit 1 Special Search: Main Floor Bedroom; Rehabbed; Renovated; All Living Fac. on One Level; Main Floor Primary Unit 2 Amenities: Kitchen Window; Natural Woodwork Unit 2 Appliances: Stainless Steel Appliances; Dishwasher; Microwave; Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Eat In Kitchen; Kitchen/Dining Room Unit 2 Special Search: 2nd Floor Laundry Water: City Water - In Street

Contract Information

Contingency
Subject to Financing
Original List Price
599900
ListPrice
599900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
2734
Street Name
Ulysses
Street Suffix
Street
Street Direction Suffix
NE
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55418
Complex/Dev/Subdivision
J S Todds Add

Building Information

Finished SqFt Above Ground
2288
Finished SqFt Below Ground
844

Income and Expenses

Annual Gross Expenses
17575.96
Annual Gross Income
69396
Annual Net Income
51820.04
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Insurance Expense
0
Annual Maintenance Expense
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

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
484
Garage Door Opener
Yes

Public Survey Info

Range#
24
Section#
12
Township#
29

Unit 1

Furnished?
No
Leased?
Yes
Level
Multi-Level
Unit Number
Yes
3/4 Baths
Yes
Annual Rent
46656
Finished SqFt
1988
Full Baths
Yes
Monthly Rent
3888
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
5
Total Rooms
9

Unit 2

Furnished?
No
Leased?
Yes
Level
2nd Level
Unit Number
2
Annual Rent
21540
Finished SqFt
1144
Full Baths
Yes
Monthly Rent
1795
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit Details

Total Units
3

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
LOT 001 BLOCK 002 J S TODDS ADDN TO MPLS N 55 FT
Listing City
Minneapolis
Map Page
93
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
3050
Property ID Number
1202924120020
Tax Year
2025
Tax Amount
9390.58
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Highly productive multi-family property in the desirable Audubon Park area of NE Minneapolis! Flexible layout offers 7 total bedrooms and 3 bathrooms total. Current owner has invested approximately $170,000 in renovations, creating a strong opportunity for investors or owner-occupants alike. Live in one of the units while generating income from the remaining spaces! All tenants are currently month-to-month, providing added flexibility for future plans. Convenient features include 2 laundry areas plus an attached 2-car garage. A rare combination of location, updates, income potential, and owner-occupant flexibility in a sought-after NE Minneapolis neighborhood!
Directions
29th Ave NE to Ulysses, South to building

Accessible

None
Yes

Amenities Shared

Common Laundry Facility
Yes

Assessments

Assessment Balance
0
Tax With Assessments
0

Basement

Concrete Block
Yes
Egress Windows
Yes

Construction Materials

Block
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Electric

Circuit Breakers
Yes

Exterior

Brick/Stone
Yes
Stucco
Yes
Wood
Yes

Fencing

None
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Laundry

Common Area
Yes
In Hall
Yes
Lower Level
Yes

Lot Description

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

Owner Pays

Insurance
Yes
Lawn
Yes
Maintenance/Repair
Yes
Repairs
Yes
Sewer
Yes
Snow Removal
Yes
Trash Collection
Yes
Water
Yes

Pool Description

None
Yes

Road Frontage

City Street
Yes
Curbs
Yes
Paved Streets
Yes
Sidewalks
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Asphalt Shingles
Yes
Flat
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
Other
Yes
Special Funding
Yes
Trade
Yes

Sewer

City Sewer - In Street
Yes

Shared Rooms

Other
Yes

Stories

Two
Yes

Topography

Level
Yes

Water

City Water - In Street
Yes

No. of Ranges

Three
Yes

No. of Refrigerators

Three
Yes

Tenant Pays

Electricity
Yes
Gas
Yes

Unit 1 Amenities

Open Floor Plan
Yes
Ceiling Fan(s)
Yes
Kitchen Center Island
Yes
Kitchen Window
Yes
Natural Woodwork
Yes

Unit 1 Appliances

Stainless Steel Appliances
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Central
Yes

Unit 1 Dining Room Description

Breakfast Bar
Yes
Informal Dining Room
Yes

Unit 1 Special Search

Main Floor Bedroom
Yes
Rehabbed
Yes
Renovated
Yes
All Living Fac. on One Level
Yes
Main Floor Primary
Yes

Unit 2 Amenities

Kitchen Window
Yes
Natural Woodwork
Yes

Unit 2 Appliances

Stainless Steel Appliances
Yes
Dishwasher
Yes
Microwave
Yes
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
Kitchen/Dining Room
Yes

Unit 2 Special Search

2nd Floor Laundry
Yes

Documents

IDX
Listing Office: Edina Realty, Inc.
Last Updated: July - 07 - 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.
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