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USAMNMinneapolisHome Add2601 Portland Ave
2601 Portland Ave, Home with 0 bedrooms, 0 bathrooms and null parking in Minneapolis MN | Image 1
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$900,000

2601 Portland Ave, Minneapolis, MN

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 5669 sqft
Garage Yes
Taxes $7,628
Days Active 1
Lot Size 
Approx. Age 1899
Avg. Price Per Sqft $158
MLS® Number 6731817

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Step into a rare opportunity with this architecturally grand Victorian triplex—originally built for Sylvester S. Cargill, brother of the founder of the Cargill Company—and steeped in Minneapolis history. Located just one block behind the American Swedish Institute and moments from Eat Street, Downtown, and major roadways, this property blends timeless elegance with forward-thinking flexibility. The home has been lovingly owner-occupied in the expansive main residence, while two additional one-bedroom units—the carriage house and a second-floor apartment—provide steady rental income. Current rents are below market, offering immediate upside for investors looking to optimize cash flow. But the income potential doesn't stop there. The lower level features a spacious bedroom, full plumbing, a bar, laundry, and a separate entry—perfectly positioned to become a third rental unit or short-term Airbnb. A professional darkroom/studio space on the same level opens doors for creative or small business use, ideal for buyers seeking a live/work configuration. On the uppermost floor, an unfinished attic offers the square footage and ceiling height to create a stunning fourth unit or an expansive owner's suite. The outdoor spaces are just as remarkable: a lush, private garden with a koi pond and a four-car garage—two bays heated and currently used as a workshop—enhance the usability and appeal for both tenants and owners. Whether you're a seasoned investor or a creative entrepreneur, 2601 Portland Avenue offers a rare combination of income potential, historical charm, and functional versatility in one of the city's most dynamic and evolving neighborhoods.Show Description
MLS® Number6731817
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1899
BasementEgress Window(s), Finished, Full
DrivewayDetached, Concrete, Heated Garage
Garage Spaces
HeatForced Air, Fireplace(s)
A/C
Heating Fuel

Extras

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