1040 13th Ave SE Minneapolis, MN 55414
Como NeighborhoodEstimated payment $3,650/month
Highlights
- Deck
- Forced Air Heating System
- 5-minute walk to Van Cleve Park
- Patio
- Wood Siding
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
Home Design
- Duplex
- Wood Siding
- Fiberglass Siding
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 |
|---|---|---|---|---|
| 04/22/2026 04/22/26 | Price Changed | $550,000 | -2.7% | $171 / 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
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Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.