MLS# 7048349
2524 Portland Avenue Minneapolis, MN 55404
Marcus & Millichap is the brokerage office representing the seller for this listing.
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The data relating to real estate for sale on this 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 are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Jim Christensen is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Jim Christensen, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
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{"Id":536615,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST7048349","MLSAGENTID":"NSTSPAR030330","MLSOFFICEID":"NST253100","ADDRESS":"2524 Portland Avenue","ACRES":0.16,"AGENTOWNER":false,"AUCTIONYN":false,"BATHSTOTAL":6.0,"BEDROOMS":7.0,"CITY":"Minneapolis","CONTINGENCY":"None","COUNTY":"Hennepin","CURRENTUSE":"Residential","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":499000.0,"LASTPRICEDATE":"2026-04-02T22:01:06.03","LATITUDE":44.956499,"LENDEROWNED":"No","LISTDATE":"2026-04-02T05:00:00","LISTPRICE":499000.0,"LIVINGAREA":0.0,"LONGITUDE":-93.268102,"MODIFICATIONTIMESTAMP":"2026-04-02T22:26:06.042","NEIGHBORHOOD":"63","OFFICE_OFFICENAME":"Marcus & Millichap","PHOTOCOUNT":46,"POSTALCODE":"55404","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"Portland Avenue Apartments is a six-unit multifamily property located in the Phillips West neighborhood of Minneapolis. The property features a mix of one studio, three one-bedroom, and two two-bedroom residences, offering a range of options for tenants. Positioned less than half a mile from Peavey Field Park, with its basketball courts and soccer field, the property benefits from a convenient location near local recreational amenities.\n\nBuilt in 1885, the property has been well cared for over the years, reflecting consistent maintenance and attention. The six residences average 692 square feet in size, with rents averaging $954 per month. The property also includes six off-street parking spaces, providing added convenience for residents in an urban setting. \n\nPortland Avenue Apartments offers an attractive investment opportunity with stable rental income, a desirable unit mix, and a central location. Its combination of historical charm and practical updates makes it a compelling addition to a multifamily portfolio in Minneapolis. \n\nProperty Highlights\n-A variety of unit types cater to a broad tenant base: 1 studio, 3 one-bedrooms, and 2 two-bedrooms\n-All new mechanicals from 2017. Roof, Windows, Mini Splits, plumbing and electrical.\n-Ample parking with 6 off-street parking spaces\n-Low expenses: Tenants pay for heat, electric, and hot water. 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