$3,563 Closing Credit¹
#6606431, Listing Office: eXp Realty
$289,900 List price
1639 Russell Ave N Minneapolis, MN 55411
$3,443
Closing credit¹
2,288 sqft
$127 / sqft
Multi-Family
Property details
About 1639 Russell Ave N
This charming up/down duplex in North Minneapolis is a prime investment opportunity with a strong rental history and a Tier 1 rental license. It's also a great option for an owner-occupant, allowing you to live in one unit while the tenant helps pay toward your investment. Upgrades include exterior paint in 2024, bathrooms and bathroom windows 2015, and a roof replacement 2011. Additional features include stainless steel appliances, original hardwood floors, and built-in hutches which provide additional charm and functional storage. Each unit has separate electric and boiler systems, while the owner covers trash, water, and sewer. The coin-operated laundry in the basement offers additional income potential. This property generated $1,575 per month for the main level and $1,500 per month for the upper unit, totaling $3,075 in rental income. With consistent cash flow, modern updates, timeless character, and a top-tier rental license, this duplex is a fantastic opportunity for investors or owner-occupants alike.
Highlights
Home typeDuplex
HeatingSteam, Hot Water
StatusActive
Size2,288 sqft
BasementYes
Year built1925
ParkingGravel, Open
MLS #6690850
Summary
- MLS Number: 6690850
- MLS Name: NORTHSTAR
- Office Name: Coldwell Banker Realty
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$289,900
1639 Russell Ave N
$3,443
closing credit¹
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0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 04, 2021 | Home Sold | $266,000 |
| Feb 26, 2015 | Home Sold | $85,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $271,000 | $4,317 |
| 2022 | $271,000 | $4,348 |
| 2021 | $191,000 | $3,231 |
| 2020 | $159,500 | $2,594 |
| 2019 | $142,500 | $2,506 |
| 2018 | $124,000 | $2,239 |
| 2017 | $104,000 | $1,895 |
History based on county public records data.
Nearby schools
1
Bethune Elementary School
Public District PK-5
1.0 mi
•919 Emerson Ave N
1
Hall International
Public Magnet PK-5
1.0 mi
•1601 Aldrich Ave N
1
Nellie Stone Johnson Community School
Public District PK-5
1.3 mi
•807 27th Ave N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,906. Residents of Minneapolis, MN typically earn less than $<35k each year. Typical family type is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
46%
<35k
45%
35k-100k
8%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
39%
Single, No Kids
35%
Single, with Kids
10%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
13%
12-17 yrs old
28%
18-34 yrs old
29%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Foot Locker
Ross Dress For Less
Burlington
Where do the neighbors go to eat?
Little Caesars
Jack In The Box
White Castle
What do the neighbors drive?
Dodge
Nissan
Kia
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 1639 Russell Ave N in Minneapolis, MN and zip code 55411 in the Willard-Hay neighborhood. This 2,288 square foot home was built in 1925. Features: 0 bathroom. It has been listed on Rocket Homes since March 25, 2025 and is currently priced at $289,900.
Over 364 listings were sold over their listed price in March 2025 in Minneapolis, MN. In the same period over 309 listings were sold below the listed price and 165 listings were sold for the listed price. The inventory of homes for sale in Minneapolis, MN between February and March 2025 increased by 23.5%. In March 2025, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $353,912.
From Rocket Homes Real Estate and based on county public records data.