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2933 Drew Avenue S, Minneapolis, MN 55416

New Listing

$575,000

Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 3,756 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $575,000 List Date: 6/17/2026 Last Modified: 6/17/2026

Overview

Description

Beautifully maintained and stately duplex on a prominent corner lot in the highly sought-after Cedar-Isles-Dean neighborhood. Both units feature remodeled kitchens, abundant natural light, and classic character throughout. The upper unit is vacant, providing an excellent opportunity for an owner-occupant, while the lower unit is currently rented at $1,885/month with room for future upside. Unit 2 was previously rented for $2,150/month. Enjoy the private fenced backyard with patio, perfect for relaxing or entertaining. Incredible walkability to Cedar Lake, Bde Maka Ska, Lake of the Isles, Whole Foods, Wakame Sushi, Taberna, the new light rail station, and countless other neighborhood favorites. A rare opportunity to own a turnkey duplex in one of Minneapolis' most desirable locations.

Listing Details MLS# 7076416

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1929
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Main Floor Total SqFt: 1252
Above Ground SqFt: 2504
Below Grd Total SqFt: 1252
Total SqFt: 3756
Foundation Size: 1252
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2504.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 50.00 X 128.00
Acres: 0.13
Assessment Pending: Yes

Property Features

Accessible: None Amenities Shared: Deck; Patio Basement: Full Construction Status: Previously Owned Electric: 100 Amp Service; Circuit Breakers Exterior: Shakes; Stucco Fencing: Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Basement; Lower Level Lot Description: Corner Lot Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Unit 1 Amenities: Deck; Hardwood Floors Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 1 Fireplace Char: Living Room Unit 2 Amenities: Hardwood Floors Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Bath Description: Upper Level Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Separate/Formal Dining Rm Unit 2 Fireplace Char: Living Room Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 575000
ListPrice: 575000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 2933
Street Name: Drew
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55416

Assessments

Tax With Assessments: 11453
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2504

More Information

Income and Expenses

Annual Electric Expense: 912
Annual Fuel Expense: 1608
Annual Gross Expenses: 3492
Annual Gross Income: 50400
Annual Insurance Expense: 3000
Annual Water/Sewer Expense: 972
Total Annual Expenses: 7310
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20x22
Garage Square Feet: 440

Unit 1

Furnished?: No
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
# of Fireplaces: Yes
Annual Rent: 22620
Finished SqFt: 1252
Full Baths: Yes
Monthly Expense: 100
Monthly Rent: 1885
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
# of Fireplaces: Yes
Annual Rent: 26400
Finished SqFt: 1252
Full Baths: Yes
Monthly Expense: 100
Monthly Rent: 2200
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: Lot 018 Block 007 SUNSET GABLES MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Country: US
Property ID Number: 3202924330093
Tax Year: 2026
Tax Amount: 11453
In Foreclosure?: No
Potential Short Sale?: Yes
Lender Owned?: No

Directions & Remarks

Public Remarks: Beautifully maintained and stately duplex on a prominent corner lot in the highly sought-after Cedar-Isles-Dean neighborhood. Both units feature remodeled kitchens, abundant natural light, and classic character throughout. The upper unit is vacant, providing an excellent opportunity for an owner-occupant, while the lower unit is currently rented at $1,885/month with room for future upside. Unit 2 was previously rented for $2,150/month. Enjoy the private fenced backyard with patio, perfect for relaxing or entertaining. Incredible walkability to Cedar Lake, Bde Maka Ska, Lake of the Isles, Whole Foods, Wakame Sushi, Taberna, the new light rail station, and countless other neighborhood favorites. A rare opportunity to own a turnkey duplex in one of Minneapolis' most desirable locations.
Directions: Lake Stree West from Lake Bde Maka Ska, on the corner of Drew and Lake

Accessible

None: Yes

Amenities Shared

Deck: Yes
Patio: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes
Circuit Breakers: Yes

Exterior

Shakes: Yes
Stucco: Yes

Fencing

Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Basement: Yes
Lower Level: Yes

Lot Description

Corner Lot: Yes

Patio, Porch and Deck Features

Rear Porch: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Unit 1 Amenities

Deck: Yes
Hardwood Floors: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 1 Fireplace Char

Living Room: Yes

Unit 2 Amenities

Hardwood Floors: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Bath: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 2 Fireplace Char

Living Room: Yes

Listing Office: Jason Mitchell Group

Last Updated: June - 17 - 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.