5005 Oliver Avenue S, Minneapolis, MN 55419

$865,000
Property Type: Multi-Family Bedrooms: 6 Baths: 2 Square Footage: 3,864 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $865,000 List Date: 7/09/2026 Last Modified: 7/11/2026

Overview

Description

Exceptional opportunity to own a beautifully updated duplex in the heart of the Lynnhurst neighborhood, just blocks from Lake Harriet! Whether you're looking to expand your investment portfolio or secure a premium owner-occupied opportunity, this duplex combines timeless character with extensive capital improvements in one of Southwest Minneapolis' most sought-after locations! Each unit offers approximately 1,288 finished square feet with three bedrooms and one full bathroom (the upper-level third bedroom is currently configured as an office). Additionally, each unit is served by its own boiler, providing independent heat and added convenience for both owners and tenants. The upper unit also features a beautifully remodeled kitchen and bathroom, central air conditioning, abundant natural light, and a bright sunroom. Additional highlights include an insulated detached three-stall garage (two for the upper unit, and one for the lower unit), finished shared laundry area, and owned solar p ...

Listing Details MLS# 7104031

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1923
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1288
Above Ground SqFt
2576
Below Grd Total SqFt
1288
Total SqFt
3864
Foundation Size
1288
Style
(MF) Duplex Up and Down
Total Finished Sqft
3864.00
Garage Stalls
3
Lot Dimensions
40' x 129'
Acres
0.12
Assessment Pending
No

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Concrete Block Construction Status: Previously Owned Existing Financing: Conventional Exterior: Stucco Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler Laundry: Common Area; In Basement Lock Box Type: Combo Rental License Type: Standard Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Unit 1 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator Unit 1 Cooling: Window Unit 1 Fireplace Char: Living Room Unit 2 Appliances: Dishwasher; Disposal; Microwave; Range; Refrigerator Unit 2 Cooling: Central Unit 2 Fireplace Char: Living Room Unit 2 Special Search: Renovated Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
865000
ListPrice
865000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
5005
Street Name
Oliver
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55419
Complex/Dev/Subdivision
Thornton Park 2nd Div

Assessments

Tax With Assessments
10858
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2576
Finished SqFt Below Ground
1288

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
960

Public Survey Info

Range#
24
Section#
16
Township#
28

Unit 1

Furnished?
No
Lease Expiration Date
2027-07-31
Leased?
Yes
Level
Main Level
Unit Number
Yes
# of Fireplaces
Yes
Annual Rent
29940
Finished SqFt
1288
Full Baths
Yes
Monthly Rent
2495
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
8

Unit 2

Furnished?
No
Lease Expiration Date
2026-09-30
Leased?
Yes
Level
2nd Level
Unit Number
2
# of Fireplaces
Yes
Annual Rent
34800
Finished SqFt
1288
Full Baths
Yes
Monthly Rent
2900
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
3
Total Rooms
8

Unit Details

Total Units
2

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 029 BLOCK 002 THORNTON PARK 2ND DIV
Listing City
Minneapolis
Map Page
120
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
1030
Property ID Number
TBD
Tax Year
2026
Tax Amount
10858
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Exceptional opportunity to own a beautifully updated duplex in the heart of the Lynnhurst neighborhood, just blocks from Lake Harriet! Whether you're looking to expand your investment portfolio or secure a premium owner-occupied opportunity, this duplex combines timeless character with extensive capital improvements in one of Southwest Minneapolis' most sought-after locations! Each unit offers approximately 1,288 finished square feet with three bedrooms and one full bathroom (the upper-level third bedroom is currently configured as an office). Additionally, each unit is served by its own boiler, providing independent heat and added convenience for both owners and tenants. The upper unit also features a beautifully remodeled kitchen and bathroom, central air conditioning, abundant natural light, and a bright sunroom. Additional highlights include an insulated detached three-stall garage (two for the upper unit, and one for the lower unit), finished shared laundry area, and owned solar panels. Current ownership has invested over six figures into these updates, which additionally include a brand-new sewer line, new A/C condenser, finished basement laundry area, and complete exterior painting makeover. The lower unit is leased at $2,495/month through July 31, 2027, and the upper unit is leased at $2,900/month through September 30, 2026 (vacating then). Reach out with any questions, or to schedule a tour!
Directions
East on 50th, Right on Oliver Avenue South.

Accessible

None
Yes

Assumable Loan

Not Assumable
Yes

Basement

Concrete Block
Yes

Construction Status

Previously Owned
Yes

Existing Financing

Conventional
Yes

Exterior

Stucco
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Boiler
Yes

Laundry

Common Area
Yes
In Basement
Yes

Lock Box Type

Combo
Yes

Patio, Porch and Deck Features

Deck
Yes

Rental License Type

Standard
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Income and Expenses

Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Gross Income
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Total Annual Expenses
0

No. of Ranges

Two
Yes

No. of Refrigerators

Two
Yes

Unit 1 Appliances

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Cooling

Window
Yes

Unit 1 Fireplace Char

Living Room
Yes

Unit 2 Appliances

Dishwasher
Yes
Disposal
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Unit 2 Cooling

Central
Yes

Unit 2 Fireplace Char

Living Room
Yes

Unit 2 Special Search

Renovated
Yes

Documents

IDX
Listing Office: Compass
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.
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