2723 Hennepin Avenue, Minneapolis, MN 55408
Local realty services provided by:Better Homes and Gardens Real Estate First Choice



2723 Hennepin Avenue,Minneapolis, MN 55408
$725,000
- - Beds
- - Baths
- 4,986 sq. ft.
- Multi-family
- Pending
Listed by:jamie bolinger
Office:rize realty
MLS#:6747868
Source:NSMLS
Price summary
- Price:$725,000
- Price per sq. ft.:$96.94
About this home
Excellent Uptown 4-plex opportunity! This well-maintained property features three spacious 3BR/1BA units and one 4BR/1BA unit, providing flexibility for an owner-occupant or strong cash flow for investors. Three of the four units have been thoughtfully updated, blending classic Minneapolis charm with modern finishes. Units 3 and 4 are currently vacant and ready for immediate occupancy or lease-up at market rents ($1,700–$2,200/mo).
Additional highlights include a brand-new privacy fence, a low-maintenance hardscape backyard, and easy access to public transportation, coffee shops, and dining in vibrant Uptown. Current leases: Unit 1 at $1,830/mo and Unit 2 at $1,550/mo. This turn-key property is a rare find for your portfolio or house-hacking goals in the heart of Minneapolis.
VALUE ADD OPTION: Previous owner had plans approved for a 5th unit in the basement. Yours to finish and add massive value. Plans available by request.
Contact an agent
Home facts
- Year built:1909
- Listing Id #:6747868
- Added:34 day(s) ago
- Updated:July 25, 2025 at 03:16 PM
Rooms and interior
- Living area:4,986 sq. ft.
Heating and cooling
- Heating:Baseboard, Boiler
Structure and exterior
- Roof:Age Over 8 Years, Rubber
- Year built:1909
- Building area:4,986 sq. ft.
- Lot area:0.12 Acres
Utilities
- Water:City Water - Connected
- Sewer:City Sewer - Connected
Finances and disclosures
- Price:$725,000
- Price per sq. ft.:$96.94
- Tax amount:$12,633 (2025)
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