5000 Newton Ave S Minneapolis, MN 55419
Lynnhurst NeighborhoodEstimated payment $3,732/month
Highlights
- Lower Floor Utility Room
- 2 Car Detached Garage
- Patio
- Burroughs Elementary School Rated A-
- Front Porch
- Laundry Room
About This Home
Great investment opportunity or ideal owner-occupied property. This well-maintained up/down duplex sits on a prime corner lot at 50th & Newton and is move-in ready. Rent as-is or add updates to build equity and maximize rental potential. Property priced according to condition and the area can support major upgrades/updates.
The corner location fills both units with abundant natural light and is walkable to parks, the beach, restaurants and shops. Each unit is in great condition and features hardwood floors, two bedrooms, one bath, wood-burning fireplaces, built-in buffets, 1 stall in the garage and charming original details throughout. Cute, clean, and easy to rent - a solid addition to any portfolio. Both units are vacant, easy to tour and a quick closing is preferred.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,452
Year Built
- Built in 1924
Lot Details
- Lot Dimensions are 40x130
- Property is Fully Fenced
- Privacy Fence
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Parking Fee
Home Design
- Pitched Roof
- Block Exterior
Interior Spaces
- 2,552 Sq Ft Home
- 2-Story Property
- Lower Floor Utility Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Unfinished Basement
- Basement Fills Entire Space Under The House
- Shared Basement
- Block Basement Construction
- Laundry in Basement
- Basement Storage
Outdoor Features
- Patio
- Front Porch
Utilities
- Hot Water Heating System
- Boiler Heating System
Listing and Financial Details
- The owner pays for insurance, repairs, sewer, snow removal, taxes, trash collection, water
- Assessor Parcel Number 1602824320030
Community Details
Overview
- 2 Units
- Thornton Park 2Nd Div Subdivision
Amenities
- Laundry Facilities
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 | $10,452 | $575,000 | $234,000 | $341,000 |
| 2023 | $9,658 | $605,000 | $244,000 | $361,000 |
| 2022 | $8,866 | $526,000 | $212,000 | $314,000 |
| 2021 | $8,530 | $522,000 | $164,000 | $358,000 |
| 2020 | $9,224 | $521,500 | $187,400 | $334,100 |
| 2019 | $9,470 | $521,500 | $159,900 | $361,600 |
| 2018 | $8,566 | $521,500 | $159,900 | $361,600 |
| 2017 | $7,956 | $423,000 | $145,400 | $277,600 |
| 2016 | $7,813 | $403,000 | $145,400 | $257,600 |
| 2015 | $7,813 | $384,500 | $145,400 | $239,100 |
| 2014 | -- | $338,500 | $134,500 | $204,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/13/2026 03/13/26 | Pending | -- | -- | -- |
| 02/26/2026 02/26/26 | Price Changed | $549,900 | -1.8% | $215 / Sq Ft |
| 02/17/2026 02/17/26 | For Sale | $559,900 | -- | $219 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | $504,000 | Trademark Title Svcs Inc | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $408,000 | -- | |
| Warranty Deed | $215,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $352,800 | New Conventional |
Source: NorthstarMLS
MLS Number: 7014940
APN: 16-028-24-32-0030
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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
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Ask me questions while you tour the home.