Homes for sale - 2801 Oakland AVE, Minneapolis, MN 55407

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Cynthia Froid

cindy@cynthiafroid.com +1(612) 578-1303

$ 575,000

Est. payment | -/mo

6 Beds

4 Baths

3,529 SqFt

Save

$ 575,000

Est. payment | -/mo

Save

6 Beds

4 Baths

3,529 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,529 sqft

Price per Sqft $162

Subdivision Auditors Sub 215

MLS Listing ID 7002981

Bedrooms 6

Year Built 1917

Annual Tax Amount $8,248

Tax Year 2025

Contingent None

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 114x41

Property Sub-Type Triplex

Property Description

This unique offering features two separate homes on one shared lot, creating a rare and flexible investment opportunity with gross income of $82,496! The first property, 627 E 28th Street, is a multi-family home with approximately 1,400 finished square feet and includes two 1-bedroom, 1-bath units arranged in an up-and-down layout. The upper unit is currently leased as a long-term rental, while the main-level unit operates as a short-term rental. The second property, 2801 Oakland Avenue, is a single-family home zoned R5 with 2,129 finished square feet, offering 4 bedrooms and 2 bathrooms and currently used for short-term rentals by the owner. Both homes are set up for easy rental management with separate, secure entry access for each unit. Furniture may be purchased separately. The Oakland Avenue home has seen extensive updates, including renovated kitchen and bathrooms, updated flooring, vinyl-clad replacement windows, and a newer roof. All bedrooms feature electronic key access, and the lower-level bedroom also works well as a flexible living or family room space. The 28th Street duplex has also been updated throughout, with refreshed kitchens and baths, refurbished windows, window treatments, a newer boiler, and a new roof. Both properties are truly turnkey, with a proven track record of strong rental performance, boasting nearly 300 guest reviews and an exceptional 4.92-star average rating on Airbnb. Additional features include a shared two-car detached garage and a shared parking lot. Any future lot division would require city approval. This is an outstanding opportunity for investors or owner-occupants looking to generate income in multiple ways. Schedule your tour today!

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Block

Interior

Heating Baseboard, Boiler, Forced Air, Hot Water

Fireplace No

Exterior

Parking Features Detached Garage, Insulated Garage, Parking Lot

Garage Spaces 2.0

Fence Chain Link, Partial

Roof Type Age 8 Years or Less

Building

Story Two

Foundation 1506

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Concrete

New Construction false

Schools

School District Minneapolis

Listed by Jacob Milton • Keller Williams Premier Realty Lake Minnetonka

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES

Elementary Schools 20

7

Burroughs Community

Public | KG - 5
7

Field Community School

Public | 5 - 8
5

Kenwood Elementary

Public | KG - 5
5

Harvest Preparatory School

Public | KG - 6
5

Barton Open Elementary School

Public | KG - 8
5

Adelante College Preparatory Academy

Public | 5 - 8
5

Southside Family Charter School

Public | KG - 8
5

Northrop Community School

Public | PK - 5
4

Kipp Minnesota Charter School

Public | 5 - 8
4

Lyndale Community School

Public | PK - 5
4

Mn International Middle Charter

Public | 5 - 8
4

Richard R. Green Central Park School

Public | PK - 5
4

Marcy Open Elementary School

Public | KG - 8
4

Folwell Arts Magnet

Public | KG - 8
4

Lake Nokomis Community School - Keewaydin Campus

Public | 3 - 8
3

Best Academy

Public | KG - 8
3

Twin Cities International Elementary School

Public | KG - 4
3

Emerson Elementary School

Public | PK - 5
3

Hennepin Elementary School

Public | KG - 6
3

Cedar Riverside Community School

Public | KG - 8

Middle Schools 8

6

Ramsey Middle School

Public | 6 - 8
1

Stadium View

Public | 6 - 12
1

Minnesota Transitions Middle School

Public | 6 - 8
0

Urban League Academy High School

Public | 6 - 12
0

Minneapolis on Line Learning

Public | 7 - 12
0

Center School

Public | 7 - 12
0

Broadway Arts & Technology

Public | 7 - 12
0

Heritage Science & Technology

Public | 6 - 12

High Schools 20

5

Washburn High School

Public | 9 - 12
2

Minneapolis College Preparatory

Public | 9 - 12
2

Downtown Campus

Public | 9 - 12
2

South High School

Public | 9 - 12
2

Mts Pease Academy

Public | 9 - 12
1

North Academy Arts/Communication

Public | 9 - 10
1

Harrison Education Center

Public | 9 - 12
1

Sabathani Campus

Public | 9 - 12
1

Augsburg Fairview Academy

Public | 9 - 12
1

Transition Plus Services

Public | 12 - 12
1

El Colegio Charter School

Public | 9 - 12
1

Mts High School

Public | 9 - 12
1

Roosevelt High School

Public | 9 - 12
0

North Community High School

Public | 9 - 12
0

Metro Tech Academy

Public | 9 - 12
0

Merc

Public | 9 - 12
0

Loring-Nicollet High School

Public | 9 - 12
0

Inter District Downtown School

Public | 10 - 12
0

Cristo Rey Jesuit High School Twin Cities

Private | 9 - 12
0

Challenge Academy

Public | 10 - 12

School and business data provided by Attom Data.

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(612) 578-1303

cindy@cynthiafroid.com

709 2nd Street South, Minneapolis, Minnesota, 55401, United States

2801 Oakland AVE Minneapolis, MN 55407