Listing Courtesy of Keller Williams Premier Realty Lake Minnetonka,

2801 Oakland Avenue, Minneapolis, Minnesota, 55407

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!

Active

$575,000

Multi-family

6 bds

4 ba

3,529 Sqft

MLS

7002981

Built in 1917

Auditors Sub 215

8248 (2025)

Disclaimer: The information contained in this listing has not been verified by Keller Williams Premier Realty Lake Minnetonka and should be verified by the buyer.

Information provided by NorthstarMLS

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ADDRESS & DIRECTIONS

  • Street Address: 2801 Oakland Avenue
  • City: Minneapolis
  • State: Minnesota
  • County: Hennepin
  • Subdivision: Auditors Sub 215
  • 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.

PROPERTY FEATURES

SCHOOLS NEAR 2801 Oakland Avenue

  • Courtesy of Keller Williams Premier Realty Lake Minnetonka,
  • Property last updated on NorthstarMLS : 2/11/2026 2:36:24 AM