Investor Opportunity – Value-Add Triplex with Bonus Villa. Bring this Minneapolis triplex back to life and unlock serious income potential. With updates to siding, windows, and interior finishes, this property can quickly transition into a strong cash- flowing asset. Classic interior woodwork adds character, while the flexible layout provides multiple revenue streams. Property Breakdown: Main Level Unit – Currently an office with three private rooms and a sunroom. Convert back to residential or keep as live/work space to maximize rent potential. Upper-Level Unit – One-bedroom loft with separate entrance, full kitchen, bathroom, and living room. Ideal for short- or long-term rental. Lower-Level Unit – Two-bedroom apartment with full bath, kitchen, and living room. Large unit = consistent tenant demand. Bonus Villa – Converted Garage – Detached structure with bedroom, bathroom, kitchen, and oversized living area. Currently a recording studio, but perfect as an additional rental or Airbnb-style unit for higher returns. Why Investors Will Love It: Multiple income streams from 4 unique units. Strong value-add play with renovation upside. Prime location near downtown, I-35, bus lines, restaurants, and entertainment. As-Is sale = priced with room to create equity.
Closed
Zestimate®
$300,000
2404 Stevens Ave, Minneapolis, MN 55404
4beds
2baths
2,780sqft
Other
Built in 1900
-- sqft lot
$300,000 Zestimate®
$108/sqft
$2,178 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: October 29, 2025 at 11:36am
Listed by:
Todd E. Priebe 952-898-5800,
Re/Max Advantage Plus
Bought with:
Carol A March
Classic Lake Realty Inc
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6721657
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Features
- Basement: Finished
Interior area
- Total structure area: 2,780
- Total interior livable area: 2,780 sqft
- Finished area above ground: 1,980
- Finished area below ground: 800
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Covered, Porch
- Fencing: None
Lot
- Size: 0.14 sqft
- Dimensions: 47 x 125 x 47 x 125
Details
- Foundation area: 990
- Parcel number: 3402924130151
- Zoning description: Business/Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Other
Materials
- Brick/Stone
Condition
- Age of Property: 125
- New construction: No
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
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$300,000
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With Zillow Showcase(estimated)$306,000