$575,000

2801 Oakland Avenue, Minneapolis, MN 55407

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$575,000

Off-Market Date: 02/21/2026

2801 Oakland Avenue Minneapolis, MN 55407

Pending MLS# 7002981

6 beds 4 baths 3,529 sq ft Multi-family

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Data current as of 18/03/2026 04:19:10

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: Pending

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: 48

Construction Status: Previously Owned

School Information


District: 1 - 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

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

Sales History

Date Price
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.

Schools nearby 2801 Oakland Avenue

Schools in attendance boundaries Grades Distance Rating
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Schools nearby Grades Distance Rating
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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.

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