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2832 27th Ave S, Minneapolis, MN, 55406

3beds
2baths
1,510sqft
$295,000
$195price/sqft
$2,285/moest. monthly cost
$91,400/yrincome needed

About This Home

Fantastic investment opportunity in the heart of Longfellow! This beautifully maintained up-and-down duplex offers the perfect blend of classic Minneapolis character and thoughtful updates. Each unit features spacious living areas, generous natural light, updated kitchens with stainless steel appliances, in-unit laundry, and comfortable floor plans that tenants love. Original woodwork and timeless architectural details preserve the home's historic charm while modern improvements provide today's conveniences. Outside, enjoy a large fenced backyard, plenty of green space, and a rare oversized detached 3-car garage offering exceptional parking, storage, or workshop potential. Both units are currently leased, providing immediate rental income for investors, while future owner-occupants can enjoy the flexibility of living in one unit and offsetting their mortgage with rental income from the other. Located in one of Minneapolis' most sought-after neighborhoods, you'll be just minutes from Minnehaha Falls, the Mississippi River trails, parks, coffee shops, restaurants, light rail, Downtown Minneapolis, and major commuter routes. Whether you're expanding your investment portfolio or looking for an owner-occupied duplex in an unbeatable location, this Longfellow gem is one you won't want to miss!

Getting Around

85
WalkingVery Walkable
56
TransitGood Transit
100
BikeBiker's Paradise

Schools

1/10
Anishinabe AcademyGrades PK-50.4 mi
--
Andersen CommunityGrades PK-81.2 mi
6/10
South Senior High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Asphalt,Pitched

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Up and Down

Interior

Appliances

  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,510

Heating

  • Heating features: Boiler

Interior Area

  • Total structure area: 1,756
  • Total interior livable area: 1,510 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 3602924430038
  • Zoning description: Residential-Multi-Family
  • Foundation area: 210

Features

  • Levels: Two
  • Pool features: None
  • Patio & porch: Front Porch,Rear Porch,Wrap Around
  • Fencing: Chain Link,Wood

Lot

  • Lot size: 7,405 sqft
  • Lot size dimensions: 48 x 152

Parking

  • Total spaces: 3
  • Parking features: Detached Garage,Gravel,Electric,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3
  • Has uncovered spaces: Yes

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
    Cold WaveRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $1,491$17,892
Home Insurance *$178$2,136
Property Taxes $446$5,352
Electricity $170$2,050
Total$2,285$27,420
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,342/yr
40% on housing$68,550/yr
45% on housing$60,933/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

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.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$195This listing

vs Other Active Listings

Avg $/sqft

ZIP 55406$164
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55406$247
Hennepin County$207

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

DateEventPrice
2026-07-23Listed for sale$295,000
2012-01-09Sold$65,000
2011-11-08Listed for sale$67,000
2011-04-15Sold$80,100
2005-11-14Sold$200,000

For Sale by Agent

AgentScott T. Haubrich, SFR
BrokerageBuyRentSell.com, LLC

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