566 & 568 37th Avenue NE, Minneapolis, MN 55421 - MLS# 7149871
$519,000
Prime Northeast Minneapolis Duplex Investment!
This turnkey, 100% leased side-by-side duplex offers robust, stable cash flow in a high-demand rental market.
• The Property: Spacious side-by-side layout with 1,364 finished sq. ft. per side.
• The Income: Strong gross rent of $4,965/month ($59,580 annually).
• Guaranteed Revenue: Unit 566 is backed by MPHA rental assistance (approx. $1,976/mo / $23,712 annualized).
• The Location: Quiet neighborhood within walking distance to Columbia Parkway, 2 miles to top NE bars/restaurants, and <5 miles to downtown.
• Portfolio Option: Located at 566 & 568 37th Ave NE, this is part of a portfolio with 2549 11th Ave S (MLS 7149877). Properties can be sold individually.
Please review the Offering Memorandum for additional details.
Interior Information
Size & Levels
Exterior & Parking
Lot & Utilities
Financial & Tax Information
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 86% of occupied homes are owner-occupied, and the average commute is 23 minutes.
Cost of Ownership
Median home value
$319,400
Lower than the Minneapolis median
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$3,649/yr
Lower than the Minneapolis median
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$1,858/mo
Lower than the Minneapolis median
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$652/mo
Lower than the Minneapolis median
Median monthly housing costs for owners without a mortgage.
Median rent
$1,715/mo
Higher than the Minneapolis median
The midpoint of monthly gross rent, including utilities.
Homes in the Area
Owner-occupied homes
86%
Higher than Minneapolis overall
The share of occupied homes lived in by their owners.
Median year built
1943
Similar to the Minneapolis median
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 1960-19698%
- 1950-195924%
- 1940-194917%
- 1939 or earlier45%
Types of homes
The share of housing units in each building type.
- Single-family detached88%
- 2-4 units6%
Getting Around
Average commute
23 min
Similar to the Minneapolis median
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone51%
- Carpool8%
- Work from home32%
Homes with broadband
90%
Similar than Minneapolis overall
The share of households with a broadband internet subscription.
