1040 13th Avenue Se, Minneapolis, MN 55414

Minneapolis
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
1040 13th Avenue Se,Minneapolis, MN 55414
$550,000
  • 8 Beds
  • 4 Baths
  • 3,220 sq. ft.
  • Multi-family
  • Active
Listed by: joshua pettersen
Office: pemberton re
MLS#:6722031
Source:NSMLS

Price summary

  • Price:$550,000
  • Price per sq. ft.:$170.81

About this home

Rare Cash-Flow Opportunity with 3.375% Assumable Financing option! This updated side-by-side duplex in SE Minneapolis has been refreshed and is ready for your portfolio. Both units feature renovated kitchens, updated finishes, and fresh paint throughout. Unit 1040: Currently leased through August, 2026 at $1,900/mo. Unit 1042: Vacant and move-in ready (prior rent $2,400/mo). Upside exists for an owner-occupant looking to house-hack or an investor seeking stable, high-yield returns near the U of M. Showings: 1042 (vacant) available for first showings; 1040 (occupied) available for second showings. Updates: Asphalt roof replaced (2023), flat roof replaced (2024), new decking (2024), 1040 side new furnace (2025), 1040 side new water heater (2025), 1042 side new furnace (2021), 1042 side new water heater (2021), 1040 side new washer/dryer (2024).

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Home facts

  • Year built:1979
  • Subdivision & Development:Elwells 2nd Add
  • Listing ID #:6722031
  • Added:182 day(s) ago
  • Updated:August 14, 2026 at 12:07 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Basement:Yes
  • Basement Description:Block
  • Living area:3,220 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Asphalt
  • Year built:1979
  • Building area:3,220 sq. ft.
  • Lot area:0.21 Acres
  • Lot Features:Tree Coverage - Medium
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$550,000
  • Price per sq. ft.:$170.81
  • Tax amount:$8,806 (2025)

Parking

  • Parking description:Driveway - Other Surface
  • Garage:Yes
  • Garage spaces:1
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