About 1040 13th Avenue Se
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).
Features of 1040 13th Avenue Se
| MLS® # | 6722031 |
|---|---|
| Price | $550,000 |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Square Footage | 3,220 |
| Acres | 0.21 |
| Year Built | 1979 |
| Type | Residential Income |
| Sub-Type | Duplex Side by Side |
| Status | Active |
Community Information
| Address | 1040 13th Avenue Se |
|---|---|
| Area | 14 |
| Subdivision | Elwells 2nd Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55414 |
Amenities
| Parking | Driveway - Other Surface |
|---|---|
| # of Garages | 1 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Fiber Board, Wood |
|---|---|
| Lot Description | Tree Coverage - Medium |
| Roof | Asphalt |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 178 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $8,806 |
| Tax Year | 2025 |
Listing Details
| Office | Pemberton RE |
|---|
Listing Map
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