$565,000

1040 13th Avenue SE, Minneapolis, MN 55414

8 beds |
4 baths |
3,220 sqft

Multi-Family Home
Built in 1979
9,148sqft lot
1 car garage
$175/sqft
Listed 2 days ago

Property Description

Rare Cash-Flow Opportunity with 3.375% Assumable Financing option! This updated side-by-side duplex in SE Minneapolis has been refreshed and is ready for your portfolio. Both units feature renovated kitchens, updated finishes, and fresh paint throughout. Unit 1040: Currently leased through August, 2026 at $1,900/mo. Unit 1042: Vacant and move-in ready (prior rent $2,400/mo). Upside exists for an owner-occupant looking to house-hack or an investor seeking stable, high-yield returns near the U of M. Showings: 1042 (vacant) available for first showings; 1040 (occupied) available for second showings. Updates: Asphalt roof replaced (2023), flat roof replaced (2024), new decking (2024), 1040 side new furnace (2025), 1040 side new water heater (2025), 1042 side new furnace (2021), 1042 side new water heater (2021), 1040 side new washer/dryer (2024).

Listing Status:: Active
Data Last Updated:: February 15, 2026 at 12:16PM
Listing Office:: Pemberton RE : 612-260-8777
MLS ID:: 6722031

Basement: Block
Heating: Forced Air

Parking: Driveway - Other Surface

Roofing: Asphalt
General: Two

Road/Access: City Street
Originating MLS: northstar
School District: Minneapolis
County: Hennepin

Zoning: 2402924120152

Utilities: 150 Amp Service
Water: City Water/Connected
Sewer: City Sewer/Connected

Source: northstar

This listing courtesy of Pemberton RE

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Marcy Open Elementary School

415 4th Ave SE, Minneapolis, MN, 55414

Grades KG-8

0.85 miles away

Marcy Open Elementary School

415 4th Ave SE, Minneapolis, MN, 55414

Grades KG-8

0.85 miles away

Heritage STEM Academy

1042 18th Ave SE, Minneapolis, MN, 55414

Grades 9-12

0.33 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.