1221 29th Avenue NE
Minneapolis, MN 55418
$546,400 - 2
Directly across the street from Audubon Park, this 1924 stucco fourplex gives every unit a sunroom facing the green. Four 1BR/1BA units, each with that sunroom, a huge walk-in pantry, beautiful natural woodwork and the character these Northeast buildings are known for. The expensive work is already behind you. The flat roof was redone in fall 2025 and carries transferable 20-year material, 5-year labor, and 50-year metal trim warranties. Exterior fully repainted, common areas refreshed, and a newly paved driveway with six off-street spaces. The basement runs the full footprint of the building, holding coin-op laundry, private storage lockers, and room to spare. Across the street the park offers a recreation center, playground, wading pool, sport courts, walking paths, native plant garden, and a sledding hill, with Central Avenue and Johnson Street shops and restaurants a short walk away. One lease expires October 1, 2026, opening the door to occupy one unit and rent the other three, or simply hold all four.
Listing Courtesy of: MRG Realty Partners, LLC
612-865-0080
Buyer Represented by: Minnesota Apartments LLC
| Listing Id: | 7093206 |
|---|---|
| List Price: | $499,999 |
| Close Price: | $546,400 |
| Close Date: | 2026-10-05 |
| Property Type: | Residential Income |
| Property Sub Type: | Fourplex |
| Status: | Closed |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 4 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 3,162 |
| Tax Annual Amount: | $7,988 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 2 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Summit View Add |
| Postal Code: | 55418 |
| Year Built: | 1924 |
| Number Of Units Total: | 4 |
| Above Grade Finished Area: | 3,162 |
| Accessibility Features: | None |
| Association Amenities: | Laundry |
| Basement: | Yes |
| Basement: | Block, Shared Access, Storage Space, Unfinished |
| Bathrooms Total Integer: | 4 |
| Building Area Total: | 4743 |
| Construction Materials: | Block, Concrete, Frame |
| Directions: | Central Ave NE (Hwy 65) north to 29th Ave NE, west to home on right |
| Foundation Area: | 1,581 |
| Fuel Expense: | 0 |
| Garage Spaces: | 0 |
| Gross Income: | $53,400 |
| Heating: | Boiler |
| High School District: | Minneapolis |
| Insurance Expense: | $3,000 |
| Laundry Features: | In Basement, Common Area |
| Levels: | Two |
| Listing Contract Date: | 2026-08-14 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.15 |
| Lot Size Dimensions: | 62x100 |
| Lot Size Units: | Acres |
| Maintenance Expense: | $4,734 |
| Net Operating Income: | $31,710 |
| Assessment Pending: | No |
| DPResource: | Yes |
| Expected Market Date: | 2026-08-20 |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Dimensions: | 0 |
| Garage Door Height: | 0 |
| Garage Door Width: | 0 |
| Garage Square Feet: | 0 |
| Income Misc Ann: | $1,000 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | Four |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Tax With Assessments: | $8,116 |
| Operating Expense: | $19,970 |
| Owner Pays: | Heat |
| Parcel Number: | 0102924340221 |
| Parking Features: | Asphalt |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 01 |
| Public Survey Township: | 29 |
| Roof: | Age 8 Years or Less, Flat |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2025 |
| Tenant Pays: | Electricity, Sewer, Trash Collection, Water |
| Water Source: | City Water/Connected |
| Township: | Minneapolis |
| Above Grade Sq Ft Total: | 3162 |
| Below Grade Sq Ft Total: | 1581 |
| Main Level Finished Area: | 1581 |
| Total Area: | 4,743 |
| Exterior Features: | Stucco |
| Foundation Details: | Block |
| School District Full Name: | 1 - Minneapolis |
| Pending Timestamp: | 2026-09-18 |
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Regional Multiple Listing Service of Minnesota, Inc data last updated on October 08, 2026 04:59 PM - CT
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Property Last Updated: October 08, 2026 04:59 PM - CT
