$575,000
2801 Oakland Avenue Minneapolis, MN 55407
For Sale MLS# 7002981
6 beds 4 baths 3,529 sq ft Multi-family
Details for 2801 Oakland Avenue
MLS# 7002981
Description for 2801 Oakland Avenue, Minneapolis, MN, 55407
This unique offering features two separate homes on one shared lot, creating a rare and flexible investment opportunity with gross income of $82,496! The first property, 627 E 28th Street, is a multi-family home with approximately 1,400 finished square feet and includes two 1-bedroom, 1-bath units arranged in an up-and-down layout. The upper unit is currently leased as a long-term rental, while the main-level unit operates as a short-term rental. The second property, 2801 Oakland Avenue, is a single-family home zoned R5 with 2,129 finished square feet, offering 4 bedrooms and 2 bathrooms and currently used for short-term rentals by the owner. Both homes are set up for easy rental management with separate, secure entry access for each unit. Furniture may be purchased separately. The Oakland Avenue home has seen extensive updates, including renovated kitchen and bathrooms, updated flooring, vinyl-clad replacement windows, and a newer roof. All bedrooms feature electronic key access, and the lower-level bedroom also works well as a flexible living or family room space. The 28th Street duplex has also been updated throughout, with refreshed kitchens and baths, refurbished windows, window treatments, a newer boiler, and a new roof. Both properties are truly turnkey, with a proven track record of strong rental performance, boasting nearly 300 guest reviews and an exceptional 4.92-star average rating on Airbnb. Additional features include a shared two-car detached garage and a shared parking lot. Any future lot division would require city approval. This is an outstanding opportunity for investors or owner-occupants looking to generate income in multiple ways. Schedule your tour today!
Listing Information
Property Type: Multi-family, Triplex
Status: Active
Bedrooms: 6
Bathrooms: 4
Lot Size: 0.11 Acres
Square Feet: 3,529 sq ft
Year Built: 1917
Foundation: 1,506 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Auditors Sub 215
Number Of Units Total: 3
County: Hennepin
Days On Market: 16
Construction Status: Previously Owned
School Information
District: 0001 - Minneapolis
Interior Features
Square Footage above: 3,068 sq ft
Square Footage below: 461 sq ft
Basement: Concrete Block
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Natural Gas, Forced Air, Hot Water, Baseboard, Boiler
Exterior / Lot Features
Garage Spaces: 2
Open Parking: 2
Parking Description: Parking Lot, Detached Garage, Insulated Garage, Garage Dimensions - 20x20, Garage Sq Ft - 400.0
Exterior: Stucco
Roof: Age 8 Years or Less
Lot Dimensions: 114x41
Zoning: Residential-Multi-Family
Fencing: Chain Link, Partial
Additional Exterior/Lot Features: Road Frontage - City
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1165
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 1 Rooms Total: 3
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1646
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 2 Rooms Total: 3
Unit 3 Units Total: 1
Unit 3 Actual Rent: 4746
Unit 3 Baths Total: 2
Unit 3 Beds Total: 4
Unit 3 Rooms Total: 7
Driving Directions
MN-62 W and 1-35W N to E 28th Street in Minneapolis. Take exit 15B from 1-35W N. Use right land to turn right onto E. 28th St.
Financial Considerations
Gross Income: 82496
Expense: 36051
Tax/Property ID: 3502924330005
Tax Amount: 8248
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Keller Williams Premier Realty Lake Minnetonka
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 2801 Oakland Avenue
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 2801 Oakland Avenue
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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.
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