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5005 Oliver Avenue S, Minneapolis, MN 55419
$865,000
5005 Oliver Avenue S
Courtesy of Compass, Paul Begich Listing Contact:  

5005 Oliver Avenue S

Exceptional opportunity to own a beautifully updated duplex in the heart of the Lynnhurst neighborhood, just blocks from Lake Harriet! Whether you're looking to expand your investment portfolio or secure a premium owner-occupied opportunity, this duplex combines timeless character with extensive capital improvements in one of Southwest Minneapolis' most sought-after locations! Each unit offers approximately 1,288 finished square feet with three bedrooms and one full bathroom (the upper-level third bedroom is currently configured as an office). Additionally, each unit is served by its own boiler, providing independent heat and added convenience for both owners and tenants. The upper unit also features a beautifully remodeled kitchen and bathroom, central air conditioning, abundant natural light, and a bright sunroom. Additional highlights include an insulated detached three-stall garage (two for the upper unit, and one for the lower unit), finished shared laundry area, and owned solar panels. Current ownership has invested over six figures into these updates, which additionally include a brand-new sewer line, new A/C condenser, finished basement laundry area, and complete exterior painting makeover. The lower unit is leased at $2,495/month through July 31, 2027, and the upper unit is leased at $2,900/month through September 30, 2026 (vacating then). Reach out with any questions, or to schedule a tour!
  • 6 BEDS
  • Coming Soon
  • 1923 BUILT
  • 5,227.2 Sq.Ft. LOT
  • 3,864 Sq.Ft.

Features & Amenities

Area & Lot

  • Status:Coming Soon
  • LIVING SPACE:3,864 Sq.Ft.
  • TOTAL AREA:3,864 Sq.Ft.
  • LOT SIZE:5,227.2 Sq.Ft.
  • MLS® ID:7104031
  • Type: Multi-Family
  • Year Built:1923
  • Neighborhood:SW MINNEAPOLIS
  • School District:Minneapolis

Interior

  • Total Bedrooms:6
  • Total Bathrooms:2
  • Laundry Room:In Basement, Common Area

Exterior

  • Stories: 2
  • Garage Space: 3.0
  • Water Source: City Water/Connected
  • ROOF:Asphalt
  • Parking:Detached Garage
  • Heat Type:Boiler
  • Sewer:City Sewer/Connected
  • Disability Features:None

Financial

  • SALES PRICE $865,000
  • REAL ESTATE TAXES $10,858/yr
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Minneapolis is less family-centric than the surrounding county with 28.97% of the households containing married families with children.

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