2601 Portland Ave Minneapolis, MN 55407

Listing details for 2601 Portland Ave, Minneapolis, MN 55407 : 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.