1040 13th Avenue SE Minneapolis, MN 55414
For Sale MLS# 6722031
8 beds 4 baths 3,220 sq ft Multi-family
Details for 1040 13th Avenue SE
MLS# 6722031
Description for 1040 13th Avenue SE, Minneapolis, MN, 55414
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 Information
Property Type: Multi-family, Duplex Side by Side
Status: Active
Bedrooms: 8
Bathrooms: 4
Lot Size: 0.21 Acres
Square Feet: 3,220 sq ft
Year Built: 1979
Foundation: 1,556 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Elwells 2nd Add
Number Of Units Total: 2
County: Hennepin
Days On Market: 113
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Square Footage above: 2,221 sq ft
Square Footage below: 999 sq ft
Basement: Concrete Block
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Garage Spaces: 1
Parking Description: Driveway - Other Surface, Garage Sq Ft - 175.0
Exterior: Fiber Board, Wood
Roof: Asphalt Shingles
Lot Dimensions: 70x132
Additional Exterior/Lot Features: Tree Coverage - Medium, Road Frontage - City
Driving Directions
Exit I-35W N to E Hennepin Ave and turn right. Turn right onto 13th Ave SE and property will be on lefthand side.
Financial Considerations
Gross Income: 51600
Tax/Property ID: 2402924120152
Tax Amount: 8806
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Pemberton RE
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1040 13th Avenue SE
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1040 13th Avenue SE
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
Coming soon properties will soon be on the market, but are not yet available for showings.