3048 13th Avenue S
Minneapolis, MN 55407
$427,500 - 64
Unique Powderhorn Park Triplex Investment Opportunity!
Discover a fantastic investment opportunity just one block from Powderhorn Park. This unique property features three separate units across two buildings, offering flexibility, strong rental potential, and a highly desirable Minneapolis location.
Each unit features a private entrance, spacious living room, dining room, kitchen, two bedrooms, and a full bathroom. Front porches provide additional outdoor space, while off-street parking adds convenience for tenants.
The duplex building offers shared laundry in the lower level, while the separate single-family structure has its own washer and dryer, providing added privacy and convenience.
Located just steps from Powderhorn Park, residents can enjoy easy access to the lake, walking paths, playgrounds, recreation areas, and community amenities. Restaurants, shops, public transportation, and everyday conveniences are also nearby.
Whether you're looking to expand your investment portfolio, generate rental income, or explore an owner-occupied opportunity, this three-unit property offers versatility and long-term potential in a sought-after Minneapolis neighborhood.
Listing Courtesy of: Real Broker, LLC
763-267-5574
| Listing Id: | 7145315 |
|---|---|
| List Price: | $427,500 |
| Property Type: | Residential Income |
| Property Sub Type: | Triplex |
| Status: | Active |
| Bedrooms Total: | 6 |
| Bathrooms Full: | 3 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 5,100 |
| Tax Annual Amount: | $6,529 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 64 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Tingleys Add |
| Postal Code: | 55407 |
| Year Built: | 1914 |
| Number Of Units Total: | 3 |
| Above Grade Finished Area: | 3,400 |
| Accessibility Features: | None |
| Basement: | Yes |
| Basement: | Unfinished |
| Bathrooms Total Integer: | 3 |
| Below Grade Finished Area: | 1,700 |
| Building Area Total: | 5100 |
| Directions: | Lake Street, South on 13th Ave S, Corner of 13th Ave. S and E 31st Street |
| Foundation Area: | 1,112 |
| Fuel Expense: | 0 |
| Garage Spaces: | 0 |
| Gross Income: | $51,600 |
| Heating: | Baseboard, Forced Air |
| High School District: | Minneapolis |
| Insurance Expense: | $2,654 |
| Levels: | Modified Two Story |
| Listing Contract Date: | 2026-09-21 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.12 |
| Lot Size Dimensions: | 42 x 123 |
| Lot Size Units: | Acres |
| Maintenance Expense: | $500 |
| Assessment Pending: | No |
| DPResource: | Yes |
| Expected Market Date: | 2026-09-25 |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Square Feet: | 0 |
| Lender Owned: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Rental License Type: | Standard |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Tax With Assessments: | $6,529 |
| Operating Expense: | $2,000 |
| Other Expense: | $2,213 |
| Parcel Number: | 0202824120056 |
| Parking Features: | Assigned, Parking Lot |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 02 |
| Public Survey Township: | 28 |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Water Sewer Expense: | $2,727 |
| Water Source: | City Water/Connected |
| Township: | Minneapolis |
| Above Grade Sq Ft Total: | 3400 |
| Below Grade Sq Ft Total: | 1700 |
| Main Level Finished Area: | 1700 |
| Total Area: | 5,100 |
| Exterior Features: | Stucco |
| Foundation Details: | Block |
| Rental License?: | Yes |
| School District Full Name: | 1 - Minneapolis |
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All information provided is deemed reliable but is not guaranteed and should be independently verified. The properties displayed may not be all of the properties available through the IDX Program. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing or leasing. Real estate listings held by brokerage firms other than the publisher of this website are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor the site owner shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:16 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:16 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:16 PM - CT
