5005 Oliver Avenue S
Minneapolis, MN 55419
$750,000 - 49
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!
Listing Courtesy of: Compass
952-847-3406
Buyer Represented by: KILT Real Estate, LLC
| Listing Id: | 7144459 |
|---|---|
| List Price: | $775,000 |
| Close Price: | $750,000 |
| Close Date: | 2026-10-02 |
| Property Type: | Residential Income |
| Property Sub Type: | Duplex Up and Down |
| Status: | Closed |
| Bedrooms Total: | 6 |
| Bathrooms Full: | 2 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Bathrooms One Quarter: | 0 |
| Living Area: | 3,864 |
| Tax Annual Amount: | $10,858 |
| Waterfront?: | No |
| City: | Minneapolis |
| Neighborhood: | 49 |
| County Or Parish: | Hennepin |
| Subdivision Name: | Thornton Park 2nd Div |
| Postal Code: | 55419 |
| Year Built: | 1923 |
| Number Of Units Total: | 2 |
| Above Grade Finished Area: | 2,576 |
| Accessibility Features: | None |
| Basement: | Yes |
| Basement: | Block |
| Bathrooms Total Integer: | 2 |
| Below Grade Finished Area: | 1,288 |
| Building Area Total: | 3864 |
| Directions: | East on 50th, Right on Oliver Avenue South. |
| Foundation Area: | 1,288 |
| Fuel Expense: | 0 |
| Garage Spaces: | 3 |
| Heating: | Boiler |
| High School District: | Minneapolis |
| Laundry Features: | In Basement, Common Area |
| Levels: | Two |
| Listing Contract Date: | 2026-09-15 |
| Living Area Units: | Square Feet |
| Lot Size Area: | 0.12 |
| Lot Size Dimensions: | 40' x 129' |
| Lot Size Units: | Acres |
| Assessment Pending: | No |
| DPResource: | Yes |
| Foreclosure Status: | No |
| Fractional Ownership Yn: | No |
| Fuel: | Natural Gas |
| Garage Square Feet: | 960 |
| Lender Owned: | No |
| Owner Occupied: | No |
| Potential Short Sale: | No |
| Yearly/Seasonal: | Yearly |
| Number of Refrigerators: | Two |
| Rental License Type: | Standard |
| School District Number: | 1 |
| School District Phone: | 6126680000 |
| Parcel Number: | 1602824320056 |
| Parking Features: | Detached Garage |
| Postal City: | Minneapolis |
| Public Survey Range: | 24 |
| Public Survey Section: | 16 |
| Public Survey Township: | 28 |
| Roof: | Asphalt |
| Sewer: | City Sewer/Connected |
| State Or Province: | MN |
| Tax Year: | 2026 |
| Water Source: | City Water/Connected |
| Zoning Description: | Residential-Multi-Family |
| Township: | Minneapolis |
| Above Grade Sq Ft Total: | 2576 |
| Below Grade Sq Ft Total: | 1288 |
| Main Level Finished Area: | 1288 |
| Patio Porch Type: | Deck |
| Total Area: | 3,864 |
| Exterior Features: | Stucco |
| Foundation Details: | Block |
| Rental License?: | Yes |
| School District Full Name: | 1 - Minneapolis |
| Pending Timestamp: | 2026-09-18 |
| For Sale Or Lease: | For Sale |
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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
