Key Facts
- MLS® #: 6731817
- Property ID: SIRC2489713
- Original Price: USD 900,000
- Property Type: Residential, Other
- Lot Size: 0.24 ac
- Year Built: 1899
- Bedrooms: 6
- Bathrooms: 4+1
- Parking Spaces: 4
- Listed By:
- Natasha Cejudo
Property 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.
Listing Agents
- Natasha Cejudo
C. 6124140980
O. 6124140980
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Location
2601 Portland Avenue , Minneapolis, Minnesota, 55407 United States
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Lakes Sotheby's International Realty
221 1st Street North Suite 100
Minneapolis, Minnesota, 55401
United States
6123616000