1040 13th Ave SE Minneapolis, MN 55414
Como NeighborhoodEstimated payment $3,706/month
Highlights
- Deck
- Forced Air Heating System
- 5-minute walk to Van Cleve Park
- Patio
About This Home
Rare Cash-Flow Opportunity with 3.375% Assumable Financing option! This updated side-by-side duplex in SE Minneapolis has been refreshed and is ready for your portfolio. Both units feature renovated kitchens, updated finishes, and fresh paint throughout. Unit 1040: Currently leased through August, 2026 at $1,900/mo. Unit 1042: Vacant and move-in ready (prior rent $2,400/mo). Upside exists for an owner-occupant looking to house-hack or an investor seeking stable, high-yield returns near the U of M. Showings: 1042 (vacant) available for first showings; 1040 (occupied) available for second showings. Updates: Asphalt roof replaced (2023), flat roof replaced (2024), new decking (2024), 1040 side new furnace (2025), 1040 side new water heater (2025), 1042 side new furnace (2021), 1042 side new water heater (2021), 1040 side new washer/dryer (2024).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,806
Year Built
- Built in 1979
Lot Details
- Lot Dimensions are 70x132
- Few Trees
Parking
- 1 Car Garage
- Driveway
Interior Spaces
- 2-Story Property
- Basement
- Block Basement Construction
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Outdoor Features
- Deck
- Patio
Utilities
- Forced Air Heating System
- 150 Amp Service
Community Details
- 2 Units
- Elwells 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 2402924120152
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $8,806 | $529,000 | $118,000 | $411,000 |
| 2023 | $7,198 | $542,000 | $118,000 | $424,000 |
| 2022 | $8,036 | $475,000 | $83,000 | $392,000 |
| 2021 | $7,326 | $473,000 | $76,000 | $397,000 |
| 2020 | $7,698 | $448,500 | $82,100 | $366,400 |
| 2019 | $7,332 | $435,500 | $54,700 | $380,800 |
| 2018 | $6,207 | $396,000 | $54,700 | $341,300 |
| 2017 | $6,358 | $303,000 | $49,700 | $253,300 |
| 2016 | $5,860 | $303,000 | $49,700 | $253,300 |
| 2015 | $6,149 | $303,000 | $49,700 | $253,300 |
| 2014 | -- | $303,000 | $49,700 | $253,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/13/2026 02/13/26 | For Sale | $565,000 | -- | $175 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Deed | $550,000 | -- | |
| Warranty Deed | $550,000 | The Title Company | |
| Warranty Deed | $469,000 | Minnesota Title | |
| Quit Claim Deed | -- | Siena Title | |
| Warranty Deed | $395,000 | Siena Title | |
| Contract Of Sale | $385,000 | -- | |
| Contract Of Sale | $385,000 | -- | |
| Warranty Deed | $200,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $550,000 | New Conventional | |
| Previous Owner | $531,643 | FHA | |
| Previous Owner | $296,250 | New Conventional | |
| Previous Owner | $310,000 | Land Contract Argmt. Of Sale |
Source: NorthstarMLS
MLS Number: 6722031
APN: 24-029-24-12-0152
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. 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.
Based on information submitted to the MLS GRID
- 1100 12th Ave SE
- 1042 16th Ave SE
- 1046 16th Ave SE
- 1038 16th Ave SE
- 1129 8th St SE
- 904 9th Ave SE
- 983 18th Ave SE
- 629 12th Ave SE
- 612 11th Ave SE
- 1316 7th St SE
- 709 7th St SE
- 619 8th St SE Unit 409
- 619 8th St SE Unit 115
- 619 8th St SE Unit 208
- 619 8th St SE Unit 103
- 619 8th St SE Unit 303
- 619 8th St SE Unit 315
- 456 Buchanan St NE
- 863 23rd Ave SE
- 730 Stinson Blvd Unit 314
- 1036 13th Ave SE
- 1031 14th Ave SE
- 1212 Como Ave SE
- 1036 15th Ave SE
- 1095 15th Ave SE
- 1086 11th Ave SE
- 1094 11th Ave SE
- 1094 11th Ave SE
- 1100 15th Ave SE
- 1100 15th Ave SE
- 1220 Brook Ave SE
- 1305 E Hennepin Ave
- 309-NE Ulysses St
- 815 13th Ave SE
- 809 13th Ave SE
- 1105 8th St SE
- 1105 8th St SE
- 1015 8th St SE
- 815 9th Ave SE
- 801 9th St SE Unit 205
Ask me questions while you tour the home.