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2801 Oakland Avenue Minneapolis (MN) 55407
$575,000 Active
StatusActive Beds6 Baths4 Living Area3529 YR1917 School District558

Public Remarks

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!

Quick Specifications

Price :
$575,000
Status :
Active
Property Type :
Residential Income
Beds :
6
Year Built :
1917
Approx. Sq. Ft :
3529
School District :
558
Taxes :
$ 8248
MLS# :
7002981

Interior Features

Foundation Size :
1506
Baths :
4

Lot and Location

PostalCity :
Hennepin
Zip Code :
55407
Neighborhood :
63
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.
Complex/Development/Subd :
Auditors Sub 215
Lot Dimensions :
114x41
Road Frontage :
City Street
Zoning :
Residential-Multi-Family
School District :
558
School District Phone :
6126680000

Structural Features

Class :
Residential Income
Basement :
Block
Exterior :
Concrete
Garage :
2
Accessibility Features :
None
Roof :
Age 8 Years or Less
Sewer :
City Sewer/Connected
Water :
City Water/Connected

Financial Considerations

DPResource :
Yes
Foreclosure Status :
No
Lender Owned :
No
Potential Short Sale :
No
Latitude :
44.951774
MLS# :
7002981
Style :
Triplex
Complex/Development/Subd :
Auditors Sub 215
Tax Amount :
$ 8248
Tax With Assessments :
8248
Tax Year :
2025
Source: NorthStar MLS as distributed by MLS GRID


© 2026 Based on information submitted to the MLS GRID as of 2026-01-04 10:27:34 (Central Time) All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

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