Minneapolis, MN 55407 2601 Portland Avenue

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Presented By: Lakes Sotheby's International Realty
  • MLS# 6731817
  • 06/20/2025
  • Request Tour
  • Request Info
  • Beds • 6
  • Full/Half Baths • 4 / 1
  • SQFT • 5,669
  • Garage • 4

Home Details

Architectural Grandeur Meets Investment Opportunity Originally built for Sylvester S. Cargill, this commanding Victorian triplex offers historic pedigree, generous square footage, and compelling flexibility for multi-generational living, creative use, or investment. Located just a block from the American Swedish Institute and moments from Eat Street, Downtown Minneapolis, major hospitals, and commuter routes, this property delivers timeless charm and functional versatility. The layout includes: Main House: 4,000+ sq ft of elegant living space. Carriage House Apartment: 1BR with private entry. Studio Apartment: 1BR within the main house. Lower-Level Suite: With separate access and lux 3/4 bath—ideal for Airbnb/STR thanks to proximity to ASI, Children’s, Abbott Northwestern, and St. Mary’s. Unfinished Attic: Insulated, high-ceilinged space—ready to become a stunning 2BR apartment or luxurious owner’s retreat. Professional Darkroom/Studio: Adds live/work or creative potential. Four-Car Garage: Two heated bays with a workshop Private Garden: Lush, serene backyard with koi pond. Now at $875,000, this property is priced to attract savvy buyers and investors. With multiple units, underutilized bonus spaces, and income projections supporting a strong return (depending on configuration), the value here is as tangible as the original millwork. Whether you're seeking an owner-occupied lifestyle with income support or a fully optimized income-generating asset, 2601 Portland is an exceptional and rare offering in the heart of a dynamic neighborhood.
Presented By: Lakes Sotheby's International Realty

Interior Features for 2601 Portland Avenue

Other Interior Features

Above Grade Finished Area5274
BasementEgress Window(s), Finished, Full
Basement (Y/N)Yes
Below Grade Finished Area395
FuelNatural Gas
Garage Dimensions23x19 and 31x24
Garage Square Feet1206

General for 2601 Portland Avenue

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesIn-Ground Sprinkler System
CityMinneapolis
Construction MaterialsStucco
ContingencyNone
CountyHennepin
Directions26th Avenue to Portland, South to Property. Located on the Southeast corner of Portland Avenue and 26th Street.
Electric Expense1979
Fuel Expense2014
Garage Spaces4
Gross Income25200
HeatingForced Air, Fireplace(s)
High School DistrictMinneapolis
Insurance Expense6803
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area5669
Lot Size UnitsAcres
MaintenanceExpense3897
New ConstructionNo
Number Of Units Total3
Operating Expense29818
PostalCityMinneapolis
Property SubtypeTriplex
Property TypeResidential Income
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHome Add
Tax Annual Amount7628
Tax Year2025
Trash Expense1326
Virtual TourClick here
Water Sewer Expense1326
Year Built1889
Zoning DescriptionResidential-Multi-Family

Exterior for 2601 Portland Avenue

Building Area Total7995
FencingFull
Foundation Area1488
Lot Dimensions88x118
Lot FeaturesPublic Transit (w/in 6 blks), Corner Lot, Many Trees
Lot Size Area0.24
Parking FeaturesDetached, Concrete, Heated Garage
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $875,000
MLS#6731817
List Date 06/20/2025
Property Type Multi-Family
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