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.

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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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