$614,900
 $3,301 est/mo Sourced by Back At You

627 E 28th Street,Minneapolis, MN 55407

Minneapolis, MN 55407

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Description

An incredible opportunity awaits with this unique dual-property investment! This rare find includes two income-generating properties, offering multiple optionsrent both for maximum returns or live in one while leasing the other to offset ownership costs.2801 Oakland Ave (Zoned R5) is a beautifully updated single-family home featuring 4 bedrooms and 2 baths with modern renovations throughout. The kitchen, bathrooms, and flooring have been completely updated, while vinyl-clad replacement windows and a brand-new roof (6 months old) add long-term value. Each bedroom is equipped with electronically operated key access, adding to the ease of managing short-term rentals. The lower-level bedroom can easily serve as a family room or flex space. 627 E. 28th Street is a multi-family property with two updated 1-bedroom, 1-bath unitsone on each level. Both kitchens and bathrooms have been fully renovated. Also, the unit features refurbished windows, window treatments, a new boiler, and a new roof enhancing efficiency and appeal. Both properties are turn-key and income-producing, with a proven track record of long-term and short-term rental success. Furniture is available for purchase. Additional highlights include a shared 2-car detached garage plus extra parking lot space. Whether you're an investor seeking strong rental income or a homeowner looking to supplement your mortgage, this versatile property is a must-see!Don’t miss out on this exceptional investment opportunityschedule a tour today!

Details

MLS #6685211
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year1917
Days On Site125
Listing Provided ByHomeAvenue Inc | Gregory W Lawrence

Features

SQ Feet3,529
Garage2
BasementY
Story(s)2
Units3
ZoningResidential-Multi-Family
Acreage0.11

Interior

HeatingBaseboard, Boiler, Forced Air, Hot Water

Exterior

RoofAge 8 Years or Less
Construction MaterialsStucco
Lot FeaturesPublic Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Light

Parking

Parking FeaturesDetached, Insulated Garage, Parking Lot

Taxes

Property8248

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

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Learn More About This Property

StateMN
CountyHennepin
CityMinneapolis
Zip Code55407
AreaPhillips West
Community NameAuditors Sub 215
School District1
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $461K - $768K
SqFt: 2,500 - 4,000
Nearby Listings Property ImageNearby Listings Details
2637 Portland Avenue Property Photo 1
$499,900
2637 Portland Avenue
Minneapolis, MN 55407
2942 Oakland Avenue Property Photo 1
$550,000
2942 Oakland Avenue
Minneapolis, MN 55407
Listing Updated: July 9, 2025 at 9:01:51 AM PDT
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