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$ 775,000
Est. payment /mo
New
5005 Oliver AVE S Minneapolis, MN 55419
6 Beds
2 Baths
3,864 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 3,864 sqft
Price per Sqft $200
Subdivision Thornton Park 2Nd Div
MLS Listing ID 7144459
Bedrooms 6
Year Built 1923
Annual Tax Amount $10,858
Tax Year 2026
Contingent None
Lot Size 5,227 Sqft
Lot Dimensions 40' x 129'
Property Sub-Type Duplex Up and Down
Property Description
Exceptional opportunity to own a beautifully updated duplex in the heart of the Lynnhurst neighborhood, just blocks from Lake Harriet! Whether you're looking to expand your investment portfolio or secure a premium owner-occupied opportunity, this duplex combines timeless character with extensive capital improvements in one of Southwest Minneapolis' most sought-after locations! Each unit offers approximately 1,288 finished square feet with three bedrooms and one full bathroom (the upper-level third bedroom has been opened up to function as an office space). Additionally, each unit is served by its own boiler, providing independent heat and added convenience for both owners and tenants. The upper unit also features a beautifully remodeled kitchen and bathroom, central air conditioning, abundant natural light, and a bright sunroom. Additional highlights include an insulated detached three-stall garage (two for the upper unit, and one for the lower unit), finished shared laundry area, and owned solar panels. Current ownership has invested over six figures into these updates, which additionally include a brand-new sewer line, new A/C condenser, finished basement laundry area, and a complete exterior painting makeover. The lower unit is leased at $2,495/month through July 31, 2027, and the upper unit is leased at $2,900/month through October 31st, 2026 (vacating by this date). Reach out with any questions, or to schedule a tour!
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block
Interior
Heating Boiler
Fireplace No
Laundry In Basement, Common Area
Exterior
Parking Features Detached Garage
Garage Spaces 3.0
Roof Type Asphalt
Building
Story Two
Foundation 1288
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
New Construction false
Schools
School District Minneapolis
Listed by Paul Begich • Compass