5040 Nicollet Avenue Minneapolis, MN - Image 1

$400,000

4 Beds 2 Baths 2,346 SQFT 0.17 Acres
Type: Contingent

5040 Nicollet Avenue
Minneapolis, MN 55419

MLS#: 7157503
The Real Estate Advantage
Office: 952.224.8800
Presented by: Keller Williams Preferred Rlty

Property Description

 

Rarely available side-by-side brick duplex in the heart of Tangletown, one of Southwest Minneapolis' most coveted neighborhoods. Perfectly positioned near 50th & Nicollet, this exceptional property is within walking distance of Minnehaha Creek, lakes, parks, top-rated schools, local shops, restaurants, and transit options. Each generously sized unit offers hardwood floors and in-unit laundry, while the detached two-car garage and additional off-street parking provide added convenience. Whether you're seeking an owner-occupied investment, steady rental income, or a long-term portfolio asset, this is an outstanding opportunity to own a property in a premier Minneapolis location.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,936 sqft
BasementBlock, Daylight/Lookout Windows, Partially Finished
Basement (Y/N)Yes
Below Grade Finished Area410 sqft
Foundation Dimensions40 x 52
FuelNatural Gas
Garage Square Feet180
Laundry FeaturesIn Basement, Gas Dryer Hookup, Lower Level, Sink, Washer Hookup

General

AccessibilityReduced Height Counters
Additional Parcels Y/NNo
Association AmenitiesNone
CityMinneapolis
Construction MaterialsBlock, Brick, Concrete, Frame
ContingencyInspection
CountyHennepin
Directions50th St. to Nicollet, South to Home
ElectricCircuit Breakers, 100 Amp Service
Electric Expense1
Fuel Expense1
Garage Spaces2
Gross Income27650
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense1
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Living Area2,346 sqft
Lot Size UnitsAcres
MaintenanceExpense4586.29
Net Operating Income20867.71
New ConstructionNo
Number Of Units Total2
Operating Expense6782.29
OwnerPaysExterior Maintenance, Grounds Care, Repairs, Roof Maintenance, Sewer, Snow Removal, Taxes, Trash Collection, Water
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeDuplex Side by Side
Property TypeResidential Income
RoofAge Over 8 Years, Asphalt, Pitched
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameWashburn hill Addn to Mpls
Tax Annual Amount$9,052
Tax Year2025
Tenant PaysBroadband, Cable TV, Electricity, Heat, Hot Water
TopographyHigh Ground
Trash Expense1018.56
Water Sewer Expense1695.12
Year Built1940
Zoning DescriptionResidential-Multi-Family, Residential-Single Family

Exterior

Building Area Total3,872 sqft
Foundation Area1,936 sqft
Lot Dimensions53 x 140
Lot FeaturesPublic Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Concrete, Multiple Garages, No Int Access to Dwelling, Shared Garage/Stall
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
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

$400,000

4 Beds 2 Baths 2,346 SQFT 0.17 Acres
Type: Contingent

5040 Nicollet Avenue
Minneapolis, MN 55419

MLS#: 7157503
The Real Estate Advantage
Office: 952.224.8800