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2801 Oakland Avenue
Minneapolis MN 55407 US

$575,000

Active Listing ID 7002981
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6 bed
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Lot: 0.11 Acres
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Other

$575,000

Active Listing ID 7002981
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2801 Oakland Avenue This unique offering features two separate homes on one shared lot, creating a rare and flexible investment opportunity with gross income of $82, 496! The first property, 627 E 28th Street, is a multi-family home with approximately 1, 400 finished square feet and includes two 1-bedroom, 1-bath units arranged in an up-and-down layout. The upper unit is currently leased as a long-term rental, while the main-level unit operates as a short-term rental. The second property, 2801 Oakland Avenue, is a single-family home zoned R5 with 2, 129 finished square feet, offering 4 bedrooms and 2 bathrooms and currently used for short-term rentals by the owner. Both homes are set up for easy rental management with separate, secure entry access for each unit. Furniture may be purchased separately. The Oakland Avenue home has seen extensive updates, including renovated kitchen and bathrooms, updated flooring, vinyl-clad replacement windows, and a newer roof. All bedrooms feature electronic key access, and the lower-level bedroom also works well as a flexible living or family room space. The 28th Street duplex has also been updated throughout, with refreshed kitchens and baths, refurbished windows, window treatments, a newer boiler, and a new roof. Both properties are truly turnkey, with a proven track record of strong rental performance, boasting nearly 300 guest reviews and an exceptional 4.92-star average rating on Airbnb. Additional features include a shared two-car detached garage and a shared parking lot. Any future lot division would require city approval. This is an outstanding opportunity for investors or owner-occupants looking to generate income in multiple ways. Schedule your tour today!

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Property Features

  • Facts
  • Lot Size: 0.11 Acres
  • Property Type: Other
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Stucco
  • Heating Fuels: Baseboard, Forced Air, Hot Water (Heating)

Property

  • propertytype: Other
  • propertysubtype: Other
  • listprice: 575000
  • unparsedaddress: 2801 Oakland Avenue
  • postalcity: Minneapolis
  • stateorprovince: MN
  • country: US
  • postalcode: 55407
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.11
  • lotsizeunits: Acres
  • lotsizearea: 0.11
  • livingarea: 3529
  • livingareaunits: Square Feet
  • latitude: 44.951774
  • longitude: -93.266112
  • listagentfullname: Jacob Milton
  • listagentemail: jacob@homesminn.com
  • listagentkey: 3yd-RMLSMN-502043127
  • listagentmlsid: 502043127
  • listagentpreferredphone: 6124052412
  • listagentofficephone: 9524750111
  • listofficekey: 3yd-RMLSMN-6588
  • listofficemlsid: 6588
  • disclaimer: Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1917
  • listingcontractdate: 2026-01-04
  • listagenturl: http://www.homevaluesminnetonka.com
  • countyorparish: Hennepin
  • parcelnumber: 3502924330005
  • constructionmaterials: Concrete
  • heating: Baseboard, Forced Air, Hot Water (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Garage, Garage - Detached, Parking Lot
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Stucco
  • architecturalstyle: Other
  • rooms: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -93.26611, 44.951775
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Integrity Lake Minnetonka Holdings, LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"jacob@homesminn.com", "ListBrokerageCity":"Wayzata", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw600@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/RMLSMN/97cb999154c811e0a4bd00219b994c72/20160415211630376.png", "ListBrokerageName":"Integrity Lake Minnetonka Holdings, LLC", "ListBrokeragePhone":"(952) 475-0111", "ListBrokeragePostalCode":"55391", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"215 Walker Ave S", "ListBrokerageWebsiteUrl":"http://www.homevaluesminnetonka.com", "ListOfficeAddress1":"13100 Wayzata Blvd. #400", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":null, "ListOfficeCity":"Minnetonka", "ListOfficeCountry":"US", "ListOfficeEmail":"klrw600@kw.com", "ListOfficePostalCode":"55305", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Multi-Family - Minneapolis, MN", "ListingURL":"https://listings.listhub.net/pages/RMLSMN/7002981/?channel=rexren", "MLSModificationTimestamp":"2026-01-09T09:46:50Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Multi-Family", "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8248, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/9/2026 5:32:33 PM GMT
Source Updated Date: 1/12/2026 6:52:21 AM GMT

Courtesy of: Jacob Milton, Keller Williams Premier Realty Lake Minnetonka, jacob@homesminn.com

Copyright © 2026 Regional Multiple Listing Service of Minnesota [NorthStarMLS]. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.