$425,000

4025 42nd Avenue SMinneapolis, MN 55406

Type: Multi-Family

2 Units

Description

Investor alert: Turnkey duplex with proven rental performance and multiple avenues to increase cash flow. Two clean 1BD/1BA units, plus a spacious unfinished lower level—perfect for storage income or future expansion. 2-car garage offers optional rent add-on. Both units are currently vacant, giving you full control over rent resets and tenant selection. High-demand Hiawatha neighborhood supports strong long-term appreciation.

MLS ID: 6784103

Directions: Travel north from 46th St on 42nd Ave to home.

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Property Details

Essential Details

MLS #: 6784103

Listing courtesy of: Edina Realty, Inc.

Price: $425,000

Type: Multi-Family

Contingency: None

Foreclosure: No

Zoning: Residential-Multi-Family

Total Units: 2

Annual Gross Income: $30,000

Tenant Pays: Electricity

Owner Pays: Gas, Sewer, Trash Collection, Water

Parking Features: Detached Garage

Garage Dimensions: 20 x 20

Garage SqFt: 400

Garage Spaces: 2

Building Details

Owner Occupied: No

Finished SqFt Total: 1,288

Finished Above Grade: 1,288

Fireplace: No

Construction Materials: Block

AccessibilityFeatures: None

Roof: Age Over 8 Years, Asphalt

Heating: Boiler

Electric: Circuit Breakers

Foundation Area: 1,288

Sewer: City Sewer/Connected

Water Source: City Water/Connected

Present Use: Yearly

Number of Refrigerators: Two

Lot Details

Complex/Dev/Sub Name: L D Richardsons Add

Lot Dimensions: 40 x 126

Fence: None

Road Frontage: City Street

School Information

District: Minneapolis

District Number: 558

District Phone: 6126680000

Community Information

County: Hennepin

Survey Range: 23

Survey Section: 07

Survey Township: 28

Taxes

Tax Year: 2025

Tax Amount: $6,201

Assessment Pending: Unknown

Taxes w/Assessments: $6,201

This listing was last updated by Edina Realty, Inc. on 1/7/2026 at 1:40 pm.

Information is deemed to be reliable, but is not guaranteed. Such information cannot be duplicated or distributed in any manner without the express written consent of the owning association. Data is deemed reliable but not guaranteed.

Records last updated at 2/1/2026 2:25 am.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Castle Realty of Twin Cities are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

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