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3245 22nd Avenue S, Minneapolis, MN 55407

$468,000

Property Type: Multi-Family Bedrooms: 5 Baths: 2 Square Footage: 4,401 Lot Size (sq. ft.): 6,970 Status: Closed

Current Price: $468,000 List Date: 5/13/2026 Last Modified: 7/11/2026

Overview

Description

Highest and best due by 6:00 p.m. on Tuesday, June 9, 2026. Remarkable opportunity to own a well maintained, large, up and down duplex with additional possibilities to expand. Located in the Corcoran neighborhood, this property is ideal for a first-time homebuyer, house hacker, multi-generational living setup, or investor looking to grow their portfolio with a character-filled duplex in a prime Minneapolis location. Live in one unit and offset your mortgage with rental income or maximize cash-flow potential with a fully rented property. The spacious upper-level unit features 3 bedrooms, updated full bath, large living room, formal dining room, dedicated office, sunroom, balcony, and updated kitchen blending modern convenience with timeless charm. The main-level unit offers 2 bedrooms, updated kitchen and bath, formal dining room, living room, and inviting exterior porch. Both units showcase beautiful original woodwork, hardwood floors, and abundant natural light throughout. Shared ... (Read more)

Listing Details MLS# 7062532

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1915
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1166
Above Ground SqFt: 3235
Below Grd Total SqFt: 1166
Total SqFt: 4401
Foundation Size: 1166
Style: (MF) Duplex Up and Down
Total Finished Sqft: 3235.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 41x171x41x171
Acres: 0.16
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Basement: Full; Unfinished Construction Status: Previously Owned Electric: 100 Amp Service Exterior: Shakes; Stucco Fencing: Chain Link; Full; Wood Financing Terms: Conventional Foundation: Concrete Block Fuel: Natural Gas Heating: Radiator Laundry: Common Area; In Basement Lock Box Type: Supra Lot Description: Corner Lot; Public Transit (w/in 6 blks) Owner Pays: Common Area Maintenance; Exterior Maintenance; Insurance; Maintenance/Repair; Repairs; Sewer; Trash Collection; Water Parking Characteristics: Garage Door Opener Pool Description: None Rental License Type: Standard Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; Special Funding Sewer: City Sewer/Connected Tenant Pays: Broadband; Cable TV; Electricity; Gas; Heat Unit 1 Bath Description: Main Floor Full Bath Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 2 Bath Description: Upper Level Full Bath Unit 2 Dining Room Description: Separate/Formal Dining Rm Water: City Water/Connected

Contract Information

Off Market Date: 2026-06-16
Contingency: None
Closed Date: 2026-07-10
Original List Price: 490000
ListPrice: 490000
Sales Close Price: 468000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3245
Street Name: 22nd
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Perkins Add

Assessments

Tax With Assessments: 7646.14
Assessment Balance: 0
Assessment Installment: 0

Building Information

Finished SqFt Above Ground: 3235

More Information

Income and Expenses

Annual Gross Expenses: 15546
Annual Gross Income: 43362
Annual Insurance Expense: 4650
Annual Maintenance Expense: 1895
Annual Water/Sewer Expense: 2400
Total Annual Expenses: 15546
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: MAAR
Supra: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 21'x16'
Garage Door Height: 7
Garage Door Width: 8
Garage Square Feet: 418
Garage Door Opener: Yes

Public Survey Info

Range#: 24
Section#: 01
Township#: 28

Unit 1

Furnished?: No
Lease Expiration Date: 2027-06-30
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 18300
Finished SqFt: 1166
Full Baths: Yes
Monthly Rent: 1525
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 2

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Multi-Level
Unit Number: 2
Annual Rent: 25500
Finished SqFt: 2069
Full Baths: Yes
Monthly Expense: Yes
Monthly Rent: 2125
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 9

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 007 BLOCK 004 PERKINS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 4413
Property ID Number: 0102824240101
Tax Year: 2026
Tax Amount: 7646.14
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Highest and best due by 6:00 p.m. on Tuesday, June 9, 2026. Remarkable opportunity to own a well maintained, large, up and down duplex with additional possibilities to expand. Located in the Corcoran neighborhood, this property is ideal for a first-time homebuyer, house hacker, multi-generational living setup, or investor looking to grow their portfolio with a character-filled duplex in a prime Minneapolis location. Live in one unit and offset your mortgage with rental income or maximize cash-flow potential with a fully rented property. The spacious upper-level unit features 3 bedrooms, updated full bath, large living room, formal dining room, dedicated office, sunroom, balcony, and updated kitchen blending modern convenience with timeless charm. The main-level unit offers 2 bedrooms, updated kitchen and bath, formal dining room, living room, and inviting exterior porch. Both units showcase beautiful original woodwork, hardwood floors, and abundant natural light throughout. Shared laundry, fenced backyard perfect for hanging out, and a 2-car garage add value and functionality. Conveniently located near the light rail, parks, restaurants, coffee shops, downtown Minneapolis, and major commuter routes. Rare opportunity to own a versatile income-producing property in one of South Minneapolis’ most connected neighborhoods. Schedule your showing today!
Directions: Cedar Avenue to 33rd Street, East to 22nd Avenue.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Basement

Full: Yes
Unfinished: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes

Exterior

Shakes: Yes
Stucco: Yes

Fencing

Chain Link: Yes
Full: Yes
Wood: Yes

Financing Terms

Conventional: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Radiator: Yes

Laundry

Common Area: Yes
In Basement: Yes

Lot Description

Corner Lot: Yes
Public Transit (w/in 6 blks): Yes

Owner Pays

Common Area Maintenance: Yes
Exterior Maintenance: Yes
Insurance: Yes
Maintenance/Repair: Yes
Repairs: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Front Porch: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Roof

Age Over 8 Years: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
Special Funding: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Electricity: Yes
Gas: Yes
Heat: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Dining Room Description

Separate/Formal Dining Rm: Yes

Listing Office: BrBaGa

Last Updated: July - 11 - 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.