MLS# 7075280
2314 Portland Avenue S Minneapolis, MN 55404
Summit Realty LLC is the brokerage office representing the seller for this listing.
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{"Id":565867,"ORGTABLE":"RAW_Property","MLSCLASS":"RES","MLSNUMBER":"NST7075280","MLSAGENTID":"NST506011955","MLSOFFICEID":"NST252067","ADDRESS":"2314 Portland Avenue S","ACRES":0.14,"AGENTOWNER":false,"AUCTIONYN":false,"BASEMENT":"Crawl Space,Daylight/Lookout Windows,Drainage System,Full,Unfinished","BATHSTOTAL":3.0,"BEDROOMS":9.0,"CITY":"Minneapolis","CONTINGENCY":"None","COUNTY":"Hennepin","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":449900.0,"LASTPRICEDATE":"2026-06-30T04:14:05.9","LATITUDE":44.95954242,"LENDEROWNED":"No","LISTDATE":"2026-06-01T05:00:00","LISTPRICE":429900.0,"LIVINGAREA":4105.0,"LONGITUDE":-93.26807504,"LOTDESCRIPTION":"Public Transit (w/in 6 blks),Tree Coverage - Light","MODIFICATIONTIMESTAMP":"2026-06-30T04:14:05.9","NEIGHBORHOOD":"63","OFFICE_OFFICENAME":"Summit Realty LLC","PHOTOCOUNT":22,"POSTALCODE":"55404","POTENTIALSHORTSALE":"Yes","PRESENTUSE":"Yearly","PUBLICREMARKS":"Excellent multifamily investment opportunity in a prime South Minneapolis location with long-term tenants! This well-maintained, large duplex at 2314 Portland Ave S, Minneapolis, MN 55404 offers spacious living arrangements with 5BR/2BA and 3BR/1BA units, separate entrances, and abundant off-street parking, a rare amenity in the urban core.\n\nThe property combines strong functionality with excellent rental potential, making it ideal for both investors and owner-occupants seeking stable income and long-term appreciation. Spacious units, flexible layouts, and consistent tenant demand create an attractive opportunity in one of Minneapolis’ most accessible neighborhoods.\n\nConveniently located near downtown Minneapolis, public transit, parks, restaurants, hospitals, and major employment corridors, this property offers outstanding connectivity and strong tenant appeal.\n\nAdditional upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled.\n\nThe property is fully occupied with long-term tenants in place, providing stable and predictable income:\n\nUnit 1 (5BR/2BA): $2,050/month lease through May 31, 2027\nUnit 2 (3BR/1BA): $1,750/month lease through March 31, 2027\n\nCurrent Gross Rental Income: $3,800/month ($45,600 annually)\n\nUtilities:\n\nTrash & Water: $303.35/month\nElectric: $18/month\nTotal Average Utilities: $321.35/month ($3,856 annually)\n\nStrong location, solid fundamentals, and future upside potential make this a compelling addition to any investment portfolio.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Age Over 8 Years,Asphalt","SCHOOLDISTRICTNUMBER":"1-Minneapolis","SCHOOLDISTRICTPHONE":"6126680000","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-06-01T21:26:06.937","LASTSTATUS":"Active","STREETDIRSUFFIX":"S","STREETNAME":"Portland","STREETNUMBER":"2314","STREETSUFFIX":"Avenue","STYLE":"Duplex Up and Down","TRANSACTIONTYPE":"For","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1900,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-06-29T18:27:08.603","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22","SOURCE":"MG_NST"}
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This well-maintained, large duplex at 2314 Portland Ave S, Minneapolis, MN 55404 offers spacious living arrangements with 5BR/2BA and 3BR/1BA units, separate entrances, and abundant off-street parking, a rare amenity in the urban core.\n\nThe property combines strong functionality with excellent rental potential, making it ideal for both investors and owner-occupants seeking stable income and long-term appreciation. Spacious units, flexible layouts, and consistent tenant demand create an attractive opportunity in one of Minneapolis’ most accessible neighborhoods.\n\nConveniently located near downtown Minneapolis, public transit, parks, restaurants, hospitals, and major employment corridors, this property offers outstanding connectivity and strong tenant appeal.\n\nAdditional upside available through the City of Minneapolis 4D Affordable Housing Incentive Program, which can reduce property taxes by up to 40% annually if qualifying units are enrolled.\n\nThe property is fully occupied with long-term tenants in place, providing stable and predictable income:\n\nUnit 1 (5BR/2BA): $2,050/month lease through May 31, 2027\nUnit 2 (3BR/1BA): $1,750/month lease through March 31, 2027\n\nCurrent Gross Rental Income: $3,800/month ($45,600 annually)\n\nUtilities:\n\nTrash & Water: $303.35/month\nElectric: $18/month\nTotal Average Utilities: $321.35/month ($3,856 annually)\n\nStrong location, solid 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