#6718169, Listing office: Coldwell Banker Realty
$725,000 List price
2723 Hennepin Ave Minneapolis, MN 55408
4,986 sqft
$145 / sqft
Multi-Family
Property details
About 2723 Hennepin Ave
Excellent Uptown 4-plex opportunity! This well-maintained property features three spacious 3BR/1BA units and one 4BR/1BA unit, providing flexibility for an owner-occupant or strong cash flow for investors. Three of the four units have been thoughtfully updated, blending classic Minneapolis charm with modern finishes. Units 3 and 4 are currently vacant and ready for immediate occupancy or lease-up at market rents ($1,700–$2,200/mo). Additional highlights include a brand-new privacy fence, a low-maintenance hardscape backyard, and easy access to public transportation, coffee shops, and dining in vibrant Uptown. Current leases: Unit 1 at $1,830/mo and Unit 2 at $1,550/mo. This turn-key property is a rare find for your portfolio or house-hacking goals in the heart of Minneapolis. VALUE ADD OPTION: Previous owner had plans approved for a 5th unit in the basement. Yours to finish and add massive value. Plans available by request.
Highlights
Home typeQuadruplex
HeatingBaseboard, Steam
StatusActive
Size4,986 sqft
BasementYes
Year built1909
MLS #6747868
Summary
- Basement: Yes
- Heating: Baseboard, Steam
- List Price: $725,000
- Price/SqFt: $145
- Annual Tax Amount: $14,394
- Tax Year: 2023
- Lot: Few Trees
- Directions: 35W N to E 28th St., take E 26th st, turn left to Hennepin Ave.
- Year Built: 1909
- Living Area: 4,986 SqFt
- MLS Number: 6747868
- MLS Name: NORTHSTAR
- Office Name: Rize Realty
Copyright © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
By searching, you agree to the EULA Terms Agreement.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/18/2025, 12:37:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 23, 2024 | Home Sold | $530,000 |
| Aug 07, 2007 | Home Sold | $235,000 |
| Aug 07, 2007 | Home Sold | $175,000 |
| Feb 14, 2007 | Home Sold | $235,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $865,000 | $14,394 |
| 2022 | $870,900 | $14,838 |
| 2021 | $1,038,500 | $14,794 |
| 2020 | $1,038,500 | $18,099 |
| 2019 | $961,500 | $18,808 |
| 2018 | $815,000 | $16,650 |
| 2017 | $605,500 | $12,959 |
History based on county public records data.
Nearby schools
2
Whittier International Baccalaureate World School
Public Magnet PK-5
0.7 mi
•315 W 26th St
4
Kenwood Community School
Public District KG-5
0.8 mi
•2013 Penn Ave S
4
Lyndale Community School
Public District PK-5
1.0 mi
•312 W 34th St
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 $43,742. The most common annual income of people living in Minneapolis, MN is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
39%
<35k
49%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
89%
Single, No Kids
3%
Single, with Kids
5%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
3%
<11 yrs old
1%
12-17 yrs old
71%
18-34 yrs old
22%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Major League Soccer (MLS)
Art Museums
Where do the neighbors shop?
H&M
Banana Republic
Bloomingdales
Where do the neighbors go to eat?
Chipotle
Jack In The Box
Starbucks
What do the neighbors drive?
Volkswagen
Toyota
Audi
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz
News
All data provided by Home Junction and Claritas
Similar homes for sale
#6722913, Listing office: Coldwell Banker Realty
#6730103, Listing office: Edina Realty, Inc.
7 days on Rocket
#6752543, Listing office: Lakes Area Realty
#6568113, Listing office: Gold Group Realty, LLC
#6735123, Listing office: LPT Realty, LLC
#6675015, Listing office: Coldwell Banker Realty
Tour
#6745646, Listing office: RE/MAX Results
#6681480, Listing office: Coldwell Banker Realty
#6608719, Listing office: Gold Group Realty, LLC
Frequently asked questions
About 2723 Hennepin Ave
The listing price of 2723 Hennepin Ave property is $725,000.
The property 2723 Hennepin Ave is a multi located in Minneapolis, Minnesota, 55408.
Active Listing: 2723 Hennepin Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2723 Hennepin Ave are: Whittier International Baccalaureate World School (GreatSchools Rating 2/10), Kenwood Community School (GreatSchools Rating 4/10), Lyndale Community School (GreatSchools Rating 4/10), Jefferson Elementary School (GreatSchools Rating 1/10), Loveworks Academy for Arts (GreatSchools Rating 1/10), Hiawatha College Preparatory - Kingfield (GreatSchools Rating 5/10), Merc (GreatSchools Rating 2/10), Downtown Campus (GreatSchools Rating 1/10), Augsburg Fairview Academy (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $14,394 (source: MLS/based on county public records data).
The last sale was on February 23, 2024 for $530,000 (source: MLS/tax record).
The property 2723 Hennepin Ave is 4,986 SqFt (source: MLS/tax record).
The year of construction for 2723 Hennepin Ave is 1909.
This home is located at 2723 Hennepin Ave in Minneapolis, MN and zip code 55408 in the Calhoun-Isles neighborhood. This 4,986 square foot home was built in 1909. Features: 0 bathroom. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $725,000.
In June 2025, from all listings sold in Minneapolis, MN there were more than 634 sold above asking price, over 363 sold below and more than 245 were sold right at the asked price. The number of homes for sale in Minneapolis, MN increased by 3.4% between May and June 2025. While the average time on the market in June 2025 was 23 days, the median list price was $359,091.
From Rocket Homes Real Estate and based on county public records data.