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.

For Sale