319 Vincent AVE N, Minneapolis, MN 55405 - MLS#6711073

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Marc Hedlund

marc@iheartexit.com +1(701) 730-4440

$639,900

Est. payment - /mo

6 Beds

2 Baths

4,581 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,581 sqft

Price per Sqft $139

Subdivision Bryn - Mawr

MLS Listing ID 6711073

Style (MF) Duplex Up and Down

Bedrooms 6

Year Built 1914

Annual Tax Amount $8,762

Lot Size 7,405 Sqft

Acres 0.17

Lot Dimensions 118x58x128x48x14

Property Description

Incredible Investment Opportunity with Assumable 2.25% Mortgage! This charming, fully updated up/down duplex offers both immediate cash flow and long-term upside—perfect for savvy investors. Take advantage of an ultra-low assumable mortgage rate (for qualified buyers) and save hundreds each month on interest while your tenants cover the mortgage. The property features two spacious, sun-filled units, each with 3 bedrooms, 1 bathroom, large kitchens, formal dining rooms, walk-in closets, mudrooms, in-unit laundry, and ample storage. Both units have been tastefully updated while preserving vintage charm, and offer private outdoor space surrounded by mature landscaping. With layouts that live like a single-family home, this duplex attracts high-quality tenants and commands strong rents. Currently generating $4,645/month in gross rental income, the lower unit rents for $2,495 and will be available July 1, providing owner-occupant flexibility or the chance to increase rents. The upper unit is rented at $2,150/month through August 1, with no intent to vacate. The landlord pays all utilities except electric and internet, keeping overhead predictable and manageable. For investors seeking added value, the dry, clean basement with full-height ceilings offers potential to expand the lower unit by adding bedrooms and bathrooms. The oversized detached garage (currently used for storage) also presents an opportunity to convert into an ADU, further increasing income. Located in a quiet, high-end residential pocket across from Theo Wirth Parkway, with quick access to downtown, bike trails, and major highways—this is a wonderful Bryn-Mawr neighborhood with strong appreciation potential.

Location

State MN

County Hennepin

Community Bryn - Mawr

Direction Hwy 100 to Glenwood Ave. East on Glenwood to Vincent Ave N. South on Vincent to home.

Rooms

Basement Finished (Livable), Full

Interior

Heating Boiler

Laundry In Basement, In Unit

Exterior

Parking Features Carport, Detached Garage, More Parking Offsite for Fee

Garage Spaces 2.0

Roof Type Age Over 8 Years

Accessibility None

Porch Patio

Total Parking Spaces 2

Building

Water City Water/Connected

Architectural Style (MF) Duplex Up and Down

Others

Senior Community No

Tax ID 2002924430027

Acceptable Financing Assumable, FHA

Listing Terms Assumable, FHA

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Listed by Edina Realty, Inc.

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Marc Hedlund

+1(701) 730-4440

Broker | License ID: 40339406

Broker License ID: 40339406

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319 Vincent AVE N Minneapolis, MN 55405

Marc Hedlund

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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