5005 Oliver Ave S, Minneapolis, MN, 55419
About This Home
Exceptional opportunity to own a beautifully updated duplex in the heart of the Lynnhurst neighborhood, just blocks from Lake Harriet! Whether you're looking to expand your investment portfolio or secure a premium owner-occupied opportunity, this duplex combines timeless character with extensive capital improvements in one of Southwest Minneapolis' most sought-after locations! Each unit offers approximately 1,288 finished square feet with three bedrooms and one full bathroom (the upper-level third bedroom is currently configured as an office). Additionally, each unit is served by its own boiler, providing independent heat and added convenience for both owners and tenants. The upper unit also features a beautifully remodeled kitchen and bathroom, central air conditioning, abundant natural light, and a bright sunroom. Additional highlights include an insulated detached three-stall garage (two for the upper unit, and one for the lower unit), finished shared laundry area, and owned solar panels. Current ownership has invested over six figures into these updates, which additionally include a brand-new sewer line, new A/C condenser, finished basement laundry area, and complete exterior painting makeover. The lower unit is leased at $2,495/month through July 31, 2027, and the upper unit is leased at $2,900/month through September 30, 2026 (vacating then). Reach out with any questions, or to schedule a tour!
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1923
Materials
- Roof: Asphalt
Type & Style
- Home type: MultiFamily
- Property subType: Duplex Up and Down
Interior
Appliances
- Laundry features: In Basement,Common Area
Basement
- Has basement: Yes
- Basement: Block
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 2
Features
- Finished area below ground: 1,288
- Finished area above ground: 2,576
Heating
- Heating features: Boiler
Interior Area
- Total structure area: 3,864
- Total interior livable area: 3,864 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: TBD
- Zoning description: Residential-Multi-Family
- Foundation area: 1288
Features
- Levels: Two
- Patio & porch: Deck
Lot
- Lot size: 5,227 sqft
- Lot size dimensions: 40' x 129'
Parking
- Total spaces: 3
- Parking features: Detached Garage
- Has garage: Yes
- Attached garage spaces: 3
- Covered spaces: 3
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Heat Wave
- Tornado
- Inland Flooding
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,373 | $52,476 |
| Home Insurance * | $478 | $5,736 |
| Property Taxes | $1,099 | $13,188 |
| Electricity | $325 | $3,910 |
| Total | $6,275 | $75,300 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-09 | Listed for sale | $865,000 |
| 2021-12-22 | Sold | $665,000 |
| 2021-10-05 | Listed for sale | $665,000 |
| 2021-02-23 | Listing removed | -- |
| 2020-04-15 | Listing removed | $2,090 |
| 2020-04-09 | Price change | $2,090 |
| 2020-04-05 | Listed for rent | $2,175 |
| 2011-10-26 | Sold | $334,900 |
| 2011-07-19 | Price change | $334,900 |
| 2011-07-15 | Listed for sale | -- |
| 2011-03-02 | Listing removed | $375,000 |
| 2010-11-09 | Sold | $335,000 |
| 2010-07-01 | Price change | $399,000 |
| 2010-06-18 | Price change | $424,900 |
| 2010-05-29 | Price change | $450,000 |
| 2010-05-01 | Listed for sale | $499,000 |
| 2005-03-16 | Sold | $505,000 |
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