3010 15th Avenue S, Minneapolis, MN 55407

• 6 beds |
• 2 baths |
• 2,678 sqft

Property Description

Rare opportunity to acquire a classic up/down duplex in the heart of Minneapolis that has been under the same ownership since 1994. Situated on a double lot with a fenced yard, this property offers both stability and long-term upside potential. This well-laid-out duplex features two spacious units, each offering 3 bedrooms and 1 bathroom, with a total of 2,678 finished square feet. The upper unit showcases hardwood floors and an updated kitchen, while both units offer functional layouts and the highly desirable convenience of in-unit laundry, a major draw for tenants. The property is currently occupied by long-term tenants, providing immediate, reliable income. The main floor rents for $1,500 per month, and the upper unit rents for $1,650 per month. Residents pay their own electricity. Rents have not been increased to match current market levels, as ownership has prioritized tenant stability, presenting a clear opportunity for future value growth. The stucco exterior is complemented by a pitched roof. The windows were recently replaced through the city’s lead abatement program, adding long-term value and peace of mind. The property is heated by a boiler system, with a newer boiler (~ 5 years old) and water heater (~ 6 years old), helping reduce near-term capital expenses. An unfinished attic provides additional storage, and a detached shed offers further convenience for tenants. Located near public transit and just steps from a variety of restaurants, shopping, and neighborhood staples including Mercado Central and Ingebretsen’s, this property offers strong appeal for renters seeking convenience and walkability. Located in a highly walkable area near Powderhorn Park, this duplex offers strong fundamentals, stable tenancy, and meaningful upside, making it a solid addition to any investment portfolio.

Listing Status:

Active

Data Last Updated:

April 17, 2026 at 7:16AM

Listing Office:

Peritus Real Estate : 612-554-7794

MLS ID:

7035408

Interior

• Laundry: In Unit
• Basement: PartialUnfinished
• Heating: BoilerRadiator

Exterior

• Parking: On-Street Parking Only

Construction

• Roofing: Age Over 8 YearsAsphaltPitched
• General: Two

Location

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

Lot

• Zoning: 0202824120105
• Fencing: Chain Link

Utilities

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

Financial

• Source: northstar