2801 Oakland Avenue, Minneapolis, MN 55407

Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
2801 Oakland Avenue,Minneapolis, MN 55407
$575,000
  • 6 Beds
  • 4 Baths
  • 4,574 sq. ft.
  • Multi-family
  • Active
Listed by: jacob milton
Office: keller williams premier realty lake minnetonka
MLS#:7002981
Source:ND_FMAAR

Price summary

  • Price:$575,000
  • Price per sq. ft.:$125.71

About this home

This unique offering features two separate homes on one shared lot, creating a rare and flexible investment opportunity with gross income of $82,496! The first property, 627 E 28th Street, is a multi-family home with approximately 1,400 finished square feet and includes two 1-bedroom, 1-bath units arranged in an up-and-down layout. The upper unit is currently leased as a long-term rental, while the main-level unit operates as a short-term rental. The second property, 2801 Oakland Avenue, is a single-family home zoned R5 with 2,129 finished square feet, offering 4 bedrooms and 2 bathrooms and currently used for short-term rentals by the owner. Both homes are set up for easy rental management with separate, secure entry access for each unit. Furniture may be purchased separately. The Oakland Avenue home has seen extensive updates, including renovated kitchen and bathrooms, updated flooring, vinyl-clad replacement windows, and a newer roof. All bedrooms feature electronic key access,

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Home facts

  • Year built:1917
  • Listing ID #:7002981
  • Added:5 day(s) ago
  • Updated:January 10, 2026 at 04:33 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Living area:4,574 sq. ft.

Heating and cooling

  • Heating:Baseboard, Forced Air

Structure and exterior

  • Year built:1917
  • Building area:4,574 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Water:City Water/Connected
  • Sewer:City Sewer/Connected

Finances and disclosures

  • Price:$575,000
  • Price per sq. ft.:$125.71
  • Tax amount:$8,248

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