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$585,000

5 Beds 3 Baths 3,058 SQFT 0.18 Acres
Type: Multi-Family

2732 Pillsbury Avenue S
Minneapolis, MN 55408

MLS#: 7143359
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Gatehouse Properties LTD

Property Description

 

Well-maintained and updated Minneapolis duplex conveniently located within walking distance of three beautiful parks and lakes. The upper-level unit features 4 bedrooms, 2 bathrooms, a kitchen, dining area, and family room. The main-level unit offers 1 bedroom, 1 bathroom, kitchen, dining area, family room, and a porch. The basement provides plenty of storage space for bicycles, seasonal items, and more. A convenient laundry area is also located in the basement. Both front and back doors feature smart locks and keys for added security and convenience. Off-street parking is available for up to 6 vehicles. Both units feature kitchens equipped with a pantry, range, oven, microwave, and refrigerator, along with central heating and cooling. All major, high-cost updates were completed in 2025. The property was recently inspected and is Minneapolis TISH compliant. Truly a convenient location, close to downtown, Target Center and Target Field, the Minneapolis–Saint Paul International Airport, and the University of Minnesota. An excellent opportunity for an owner-occupant looking to live in one unit while generating rental income from the other.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area2,638 sqft
BasementDaylight/Lookout Windows, Drain Tiled, Full, Partially Finished, Shared Access, Storage Space
Basement (Y/N)Yes
Below Grade Finished Area420 sqft
FuelNatural Gas
Garage Dimensions18x18
Garage Square Feet324
Laundry FeaturesIn Basement, Gas Dryer Hookup, Laundry Room, Sink, Washer Hookup

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCoin-op Laundry Owned
Carport Spaces0
CityMinneapolis
Construction MaterialsFrame
ContingencyNone
CountyHennepin
DirectionsFollow I-35W N to Minneapolis. Take exit 15A toward 31st St/Lake St. Turn left onto E 31st St. Turn right onto 1st Ave S. Turn left onto E 27th St. Turn left onto Pillsbury Ave.
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income57200
HeatingForced Air, Fireplace(s)
High School DistrictMinneapolis
Insurance Expense4000
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area3,058 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income38571
New ConstructionNo
Number Of Units Total2
Operating Expense18629
OwnerPaysInsurance, Taxes, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAge Over 8 Years, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameJ T Blaisdells Rev Add
Tax Annual Amount$11,029
Tax Year2026
Tenant PaysElectricity, Gas
TopographyLevel
Trash Expense1800
Water Sewer Expense1800
Year Built1913
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,058 sqft
FencingNone
Foundation Area1,141 sqft
Lot Dimensions48x165
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Asphalt, Electric, Finished Garage, Guest Parking, Insulated Garage, Parking Lot, Storage, Unassigned, Open
Road Frontage TypeCity Street, Curbs, Sidewalks, Street Lights
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$585,000

5 Beds 3 Baths 3,058 SQFT 0.18 Acres
Type: Multi-Family

2732 Pillsbury Avenue S
Minneapolis, MN 55408

MLS#: 7143359
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800