2524 Portland Ave | Image 1
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$499,000

For Sale

18 days ago

2524 Portland Ave, Minneapolis, MN

House

MLS® 7048349

7 Bed

6 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $1,985
Days Active 18
Lot Size 
Approx. Age 1885
MLS® Number 7048349

Property Address: 2524 Portland Ave, Minneapolis, MN, 55404-4408

Average square foot calculated using Size range provided by listing agent.

Description

Portland Avenue Apartments is a six-unit multifamily property located in the Phillips West neighborhood of Minneapolis. The property features a mix of one studio, three one-bedroom, and two two-bedroom residences, offering a range of options for tenants. Positioned less than half a mile from Peavey Field Park, with its basketball courts and soccer field, the property benefits from a convenient location near local recreational amenities. Built in 1885, the property has been well cared for over the years, reflecting consistent maintenance and attention. The six residences average 692 square feet in size, with rents averaging $954 per month. The property also includes six off-street parking spaces, providing added convenience for residents in an urban setting. Portland Avenue Apartments offers an attractive investment opportunity with stable rental income, a desirable unit mix, and a central location. Its combination of historical charm and practical updates makes it a compelling addition to a multifamily portfolio in Minneapolis. Property Highlights -A variety of unit types cater to a broad tenant base: 1 studio, 3 one-bedrooms, and 2 two-bedrooms -All new mechanicals from 2017. Roof, Windows, Mini Splits, plumbing and electrical. -Ample parking with 6 off-street parking spaces -Low expenses: Tenants pay for heat, electric, and hot water. Property taxes benefit from reduced rates due to participation in the 4D tax incentive program.
MLS® Number7048349
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1885
Basement
DrivewayParking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 2, 2026List Date
$499,000List Price
  • Commute

Commute

Starting Address
Destination Address
2524 Portland Ave, Minneapolis, MN

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