$5,936 Closing Credit¹
#6673646, Listing Office: Molina Realtors
$614,900 List price
627 28th St Minneapolis, MN 55407
$7,302
Closing credit¹
3,529 sqft
$174 / sqft
House
Property details
About 627 28th St
An incredible opportunity awaits with this unique dual-property investment! This rare find includes two income-generating properties, offering multiple options—rent both for maximum returns or live in one while leasing the other to offset ownership costs. 2801 Oakland Ave (Zoned R5) is a beautifully updated single-family home featuring 4 bedrooms and 2 baths with modern renovations throughout. The kitchen, bathrooms, and flooring have been completely updated, while vinyl-clad replacement windows and a brand-new roof (6 months old) add long-term value. Each bedroom is equipped with electronically operated key access, adding to the ease of managing short-term rentals. The lower-level bedroom can easily serve as a family room or flex space. 627 E. 28th Street is a multi-family property with two updated 1-bedroom, 1-bath units—one on each level. Both kitchens and bathrooms have been fully renovated. Also, the unit features refurbished windows, window treatments, a new boiler, and a new roof enhancing efficiency and appeal. Both properties are turn-key and income-producing, with a proven track record of long-term and short-term rental success. Furniture is available for purchase. Additional highlights include a shared 2-car detached garage plus extra parking lot space. Whether you're an investor seeking strong rental income or a homeowner looking to supplement your mortgage, this versatile property is a must-see! Don’t miss out on this exceptional investment opportunity—schedule a tour today!
Highlights
Home typeOther
HeatingBaseboard, Steam, Forced Air, Hot Water
StatusActive
Size3,529 sqft
BasementYes
Year built1917
ParkingDetached, Insulated Garage, Parking Lot
MLS #6685211
Garage2 spaces
Summary
- MLS Number: 6685211
- MLS Name: NORTHSTAR
- Office Name: HomeAvenue Inc
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$614,900
627 28th St
$7,302
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
2
Hennepin Elementary School
Public Charter KG-5
0.7 mi
•2123 Clinton Ave
3
Green Central Park Elementary School
Public District PK-5
0.8 mi
•3416 4th Ave S
2
Whittier International Baccalaureate World School
Public Magnet PK-5
0.9 mi
•315 W 26th 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 $22,808. Most Minneapolis, MN residents have annual incomes less than $<35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
67%
<35k
30%
35k-100k
0%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
67%
Single, No Kids
17%
Single, with Kids
6%
Married, No Kids
10%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
18%
<11 yrs old
7%
12-17 yrs old
33%
18-34 yrs old
28%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Popeyes
What do the neighbors drive?
Honda
Kia
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 627 28th St
This home is located at 627 28th St in Minneapolis, MN and zip code 55407 in the Phillips neighborhood. This 3,529 square foot home was built in 1917. Features: 0 bathroom. It has been listed on Rocket Homes since March 14, 2025 and is currently priced at $614,900.
Minneapolis, MN housing market in February 2025 saw over 190 listings sold above listed price, more than 131 sold at listed price and over 253 sold below. In February 2025 in Minneapolis, MN there were 13.9% more homes for sale than in January. In February 2025, listings were on the market for 48 days. During the same period, the median list price in this real estate market was $350,609.
From Rocket Homes Real Estate and based on county public records data.