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627 E 28th Street

Minneapolis, MN 55407

– beds
– baths
3,529 sqft
$174 per sqft
1917 build
– on site

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 NORTHSTAR / Gregory Lawrence / HomeAvenue Inc

Last checked: Checking… • Last updated Mar 15, 2025 •

MLS# 6685211 —

The Building

Year Built:

1917
New Construction:

false
Age Of Property:

108
Construction Materials:

Stucco
Construction Materials Desc:

Concrete
Roof:

Age 8 Years or Less
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1506.0000
Basement:

Finished, Storage/Locker, Storage Space, Unfinished
Basement:

true
Foundation Area:

1506
Building Area Total:

4574
Above Grade Finished Area:

3068
Below Grade Finished Area:

461

Room Dimensions

Living Area:

3529

Location

Directions:

MN-62 W and 1-35W N to E 28th Street in Minneapolis. Take exit 15B from 1-35W N. Use right land to turn right onto E. 28th St.
Latitude:

44.951774
Longitude:

-93.266112

The Property

Parcel Number:

3502924330005
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Other
Additional Parcels:

false
Lot Features:

Public Transit (w/in 6 blks), Irregular Lot, Tree Coverage - Light
Lot Size Area:

0.11
Lot Size Dimensions:

114 x 41
Lot Size Units:

Acres
Road Frontage Type:

City Street
Fencing:

Chain Link, Partial
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

8248
Tax With Assessments:

8248.0000

Heating & Cooling

Heating:

Baseboard, Boiler, Forced Air, Hot Water

Utilities

Electric:

Circuit Breakers
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Three

Schools

High School District:

Minneapolis

The Community

Subdivision Name:

Auditors Sub 215
Association Amenities:

Common Laundry
Assessment Pending:

No

Parking

Parking Features:

Detached, Insulated Garage, Parking Lot
Garage Spaces:

2
Garage Dimensions:

20 x 20
Garage SqFt:

400

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/14/25 Mar 14, 2025	Listed / Active	NORTHSTAR	$614,900

Multifamily For Sale

$614,900

Listing provided by broker:

Gregory Lawrence

HomeAvenue Inc

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This multifamily located in Phillips, Minneapolis, MN 55407 is currently for sale for $614,900. 627 E 28th Street is a 3,529 square foot multifamily with – beds and – baths that has been on Estately for 15 days. 627 E 28th Street is in the Phillips neighborhood of Minneapolis and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of South High School, Whittier International School, and Andersen United Community School.

Listing Courtesy of: NORTHSTAR and HomeAvenue Inc.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.