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MLS# 6731817 - 2601 Portland Avenue Minneapolis, MN 55407

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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.

Lakes Sotheby's International Realty is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Move It Real Estate - International Falls is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Move It Real Estate - International Falls, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .

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.

Lakes Sotheby's International Realty is the brokerage office representing the owner for this listing.
© Copyright 2025, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Move It Real Estate - International Falls is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Move It Real Estate - International Falls, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at .