627 E 28th Street Minneapolis, MN 55407

$614,900
Active
estimated monthly payment
3,529 Sq Ft  |  Other  |  MLS # 6685211
  • TWO PROPERTIES ON ONE LOT!
    TWO PROPERTIES ON ONE LOT!
  • 2801 Oakland Ave
    2801 Oakland Ave
  • 627 E 28th Street
    627 E 28th Street
  • 2801 Oakland porch
    2801 Oakland porch
  • 2801 Oakland Porch
    2801 Oakland Porch
  • 2801 Oakland living room
    2801 Oakland living room
  • 2801 Oakland Living Room
    2801 Oakland Living Room
  • 2801 Oakland Living Room
    2801 Oakland Living Room
  • 2801 Oakland Dining
    2801 Oakland Dining
  • 2801 Oakland Dining
    2801 Oakland Dining
  • 2801 Oakland lower level bedroom or FR
    2801 Oakland lower level bedroom or FR
  • 2801 Oakland Office
    2801 Oakland Office
  • 2801 Oakland Lower level BR
    2801 Oakland Lower level BR
  • 2801 Oakland New bath
    2801 Oakland New bath
  • 2801 Oakland kitchen
    2801 Oakland kitchen
  • 2801 Oakland kitchen
    2801 Oakland kitchen
  • 2801 Oakland upper bath
    2801 Oakland upper bath
  • 2801 Oakland BR
    2801 Oakland BR
  • 2801 Oakland BR
    2801 Oakland BR
  • 2801 Oakland BR
    2801 Oakland BR
  • 2801 Oakland BR
    2801 Oakland BR
  • 2801 Oakland BR
    2801 Oakland BR
  • 2801 Oakland BR
    2801 Oakland BR
  • 2801 Oakland New boiler
    2801 Oakland New boiler
  • 2801 Oakland Deck
    2801 Oakland Deck
  • 627 E 28th Living Room
    627 E 28th Living Room
  • 627 E 28th
    627 E 28th
  • 627 E 28th Bath
    627 E 28th Bath
  • 627 E 28th BR
    627 E 28th BR
  • 627 E 28th BR
    627 E 28th BR
  • 627 E 28th storage
    627 E 28th storage
  • 627 E 28th Living Room
    627 E 28th Living Room
  • 627 E 28th
    627 E 28th
  • 1200x800_100_1741773289017_1741722850083ef9a6192.jpg
    1200x800_100_1741773289017_1741722850083ef9a6192.jpg
  • Parking lot shared
    Parking lot shared
  • Shared Garage
    Shared Garage
  • Patio
    Patio

About The Listing

An incredible opportunity awaits with this unique dual-property investment! This rare find includes two income-generating properties, offering multiple options—rent both for maximum returns or live in one while leasing the other to offset ownership costs.
2801 Oakland Ave (Zoned R5) is a beautifully updated single-family home featuring 4 bedrooms and 2 baths with modern renovations throughout. The kitchen, bathrooms, and flooring have been completely updated, while vinyl-clad replacement windows and a brand-new roof (6 months old) add long-term value. Each bedroom is equipped with electronically operated key access, adding to the ease of managing short-term rentals. The lower-level bedroom can easily serve as a family room or flex space.

627 E. 28th Street is a multi-family property with two updated 1-bedroom, 1-bath units—one on each level. Both kitchens and bathrooms have been fully renovated. Also, the unit features refurbished windows, window treatments, a new boiler, and a new roof enhancing efficiency and appeal.

Both properties are turn-key and income-producing, with a proven track record of long-term and short-term rental success. Furniture is available for purchase. Additional highlights include a shared 2-car detached garage plus extra parking lot space.

Whether you're an investor seeking strong rental income or a homeowner looking to supplement your mortgage, this versatile property is a must-see!
Don’t miss out on this exceptional investment opportunity—schedule a tour today!


Listing courtesy of Gregory W Lawrence, HomeAvenue Inc
Purchase Price
Loan Type
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Estimated Property Taxes
Homeowner's Insurance
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1917
MLS #: 6685211
Square Feet: 3,529
Price Per Square Foot: $174
Garage Spaces: 2
Parking Description: Detached, Insulated Garage, Parking Lot
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Baseboard, Boiler, Forced Air, Hot Water
Basement: Finished, Storage/Locker, Storage Space, Unfinished
Construction Description: Stucco
Roof Description: Age 8 Years or Less
Days On Market (Continuous): 1
Disability Features: None
Latest Update: 03/15/2025
List Date: 03/14/2025
Listing Agent ID: 502002459A
Listing Office: HomeAvenue Inc
Listing Office ID: 5552
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Fence: Chain Link, Partial
Lot Dimensions: 114 x 41
Lot Size: 0.11 Acres
Lot Features: Public Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Light
School District: Minneapolis
Tax Year: 2024
Estimated Taxes: $8,248
Contingency Type: None
City: Minneapolis
Zip: 55407
County: Hennepin
Subdivision: Auditors Sub 215
State: MN

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Listing last updated: 03/15/25

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