$725,000
SOLD AUG 22, 2025

2723 Hennepin Ave Minneapolis, MN 55408

Lowry Hill East Neighborhood
13 Beds
4 Baths
4,986 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$145 Per Sq Ft

15 Days on Market

Highlights

  • Deck
  • Baseboard Heating
  • Privacy Fence

About This Home

As of August 2025

Excellent Uptown 4-plex opportunity! This well-maintained property features three spacious 3BR/1BA units and one 4BR/1BA unit, providing flexibility for an owner-occupant or strong cash flow for investors. Three of the four units have been thoughtfully updated, blending classic Minneapolis charm with modern finishes. Units 3 and 4 are currently vacant and ready for immediate occupancy or lease-up at market rents ($1,700–$2,200/mo).

Additional highlights include a brand-new privacy fence, a low-maintenance hardscape backyard, and easy access to public transportation, coffee shops, and dining in vibrant Uptown. Current leases: Unit 1 at $1,830/mo and Unit 2 at $1,550/mo. This turn-key property is a rare find for your portfolio or house-hacking goals in the heart of Minneapolis.

VALUE ADD OPTION: Previous owner had plans approved for a 5th unit in the basement. Yours to finish and add massive value. Plans available by request.

Last Agent to Sell the Property

Jamie Hall

Rize Realty Listed on: 07/10/2025

Last Buyer's Agent

Angie Clipper

Coldwell Banker Realty

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,633

Year Built

  • Built in 1909

Lot Details

  • Lot Dimensions are 55.8x100x51.6x118
  • Privacy Fence
  • Wood Fence

Home Design

  • Quadruplex
  • Rubber Roof

Interior Spaces

  • 4,986 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 13 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Boiler Heating System

Community Details

  • 4 Units
  • J B Tabours 3Rd Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for repairs, sewer, snow removal, trash collection
  • Assessor Parcel Number 3302924420124

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,633

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Deck
  • Year Built: 1909
  • Above Grade Finished Sq Ft: 4986
  • Water Sewer Expenses: 2100
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 4986
  • Owner Pays: Repairs, Sewer, Snow Removal, Trash Collection
  • Basement YN: Yes
  • Appliances: Microwave,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 6
  • Appliances: Microwave,Range
  • Total Rooms: 6
  • Number Of Fireplaces: 0
  • Appliances: Microwave,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 6
  • Appliances: Microwave,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 7

Beds/Baths

  • Total Bedrooms: 13

Exterior Features

  • Roof: Age Over 8 Years, Rubber
  • Fencing: Privacy, Wood
  • Neighborhood: Lowry Hill East
  • PatioPorchType: Deck

Garage/Parking

  • Other Parking Spaces: 0

Utilities

  • Heating: Baseboard, Boiler
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 55.8X100X51.6X118
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 7640.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 3302924420124
  • Tax Annual Amount: 12633
  • TaxWithAssessments: 13197.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: Four

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 Sold $725,000 0.0% $145 / Sq Ft
07/25/2025 07/25/25 Pending -- -- --
07/10/2025 07/10/25 For Sale $725,000 -- $145 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Jamie Hall

    Seller's Agent in 2025

    Jamie Hall

    Rize Realty

    (507) 837-9334

    1 in this area

    49 Total Sales

    Jamie Hall
    Section Image

  • A

    Buyer's Agent in 2025

    Angie Clipper

    Coldwell Banker Burnet

    (612) 991-2003

    1 in this area

    21 Total Sales

    Angie Clipper
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6747868

NorthstarMLS

APN: 33-029-24-42-0124

Minnesota Hennepin County Minneapolis 55408 Lowry Hill East

2723 Hennepin Ave, Minneapolis, MN

This home is located at 2723 Hennepin Ave, Minneapolis, MN 55408 and is currently priced at $725,000, approximately $145 per square foot. This property was built in 1909. 2723 Hennepin Ave is a home located in Hennepin County with nearby schools including Whittier International, Andersen United Middle School, and South Senior High School.

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