Property for Sale in Minneapolis
2524 Portland Avenue
Minneapolis, MN 55404

Price
$499,000

MLS #
7048349

Status
Active


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Property Details

Year Built
1885

Parking Features
Parking Lot

Zoning
Residential-Multi-Family

2025 Property Taxes
$1,985

School District
Minneapolis

County
Hennepin


Portland Avenue Apartments is a six-unit multifamily property located in the Phillips West neighborhood of Minneapolis. The property features a mix of one studio, three one-bedroom, and two two-bedroom residences, offering a range of options for tenants. Positioned less than half a mile from Peavey Field Park, with its basketball courts and soccer field, the property benefits from a convenient location near local recreational amenities. Built in 1885, the property has been well cared for over the years, reflecting consistent maintenance and attention. The six residences average 692 square feet in size, with rents averaging $954 per month. The property also includes six off-street parking spaces, providing added convenience for residents in an urban setting. Portland Avenue Apartments offers an attractive investment opportunity with stable rental income, a desirable unit mix, and a central location. Its combination of historical charm and practical updates makes it a compelling addition to a multifamily portfolio in Minneapolis. Property Highlights -A variety of unit types cater to a broad tenant base: 1 studio, 3 one-bedrooms, and 2 two-bedrooms -All new mechanicals from 2017. Roof, Windows, Mini Splits, plumbing and electrical. -Ample parking with 6 off-street parking spaces -Low expenses: Tenants pay for heat, electric, and hot water. Property taxes benefit from reduced rates due to participation in the 4D tax incentive program.


Exit 35W and E 26th Street. In-between E 25th St and E 26th St.


Exit 35W and E 26th Street. In-between E 25th St and E 26th St.

Features


Utilities
Electric Separate,Heating Separate,Hot Water Separate

Heating
Ductless Mini-Split

Sewer
City Sewer/Connected

Water
Public

Additional Info


Listed By
Michael Jacobs of Marcus & Millichap

Listed
04/02/26 and last updated 04/02/26

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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