3243 3rd Avenue S Minneapolis, MN $ 325,000
3243 3rd Avenue S
$ 325,000
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3243 3rd Avenue S

Minneapolis, MN, 55408
$ 325,000
Bedrooms1 Baths1.0 Sq 1,056

Monthly Estimate*

$ 2,270

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Multi-Family Home for sale in Minneapolis, MN

for $325,000 with 1 bedroom and 1 full bath. This 1,056 square foot home was built in 2018 on a lot size of 0.13.

Extremely rare new construction affordable duplex grossing over $58,000 in annual income, plus room for growth. Mint condition! Duplex features 30-year architectural roof/shingles, gutters with underground drain tile system, pre-finished LP siding, ZIP R5 sheathing, triple-pane windows, mineral wool insulation (R21) in walls, insulated concrete slab, in-ground sprinkler system, 6-foot cedar privacy fence, professionally-landscaped yard, 2-car garage with separate electric panel, and huge driveway with 2 legal parking spaces. Each unit has granite countertops, beautiful stone-tiled shower, in-unit electric washer/dryer, air exchange system, a backyard patio, front porch and backyard access. VERY low maintenance property with high profitability for years to come! Perfect for living in one side and renting out the other, using one side for a home office or airbnb or using one or both as long term rentals. Massive ROI - this one will not last!

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Multi-Family Pending

Price

$ 325,000

Bedrooms

1

Full Bath

1

Property Type

Multi-Family

Taxes

$ 4,814

Style

Duplex Side by Side

Lot Size

0.13

Year Built

2018

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6527964

Features
General
Sewer City Sewer/Connected
Heating Baseboard Ductless Mini-Split
Roof Age 8 Years or Less Asphalt Pitched
Garage Spaces 2
Construction Materials Engineered Wood
Year Built 2018
Electric 100 Amp Service
Topography Level
Levels One
Property SubType Duplex Side by Side
Tax Year 2023
Gross Income 59000
Accessibility No Stairs External No Stairs Internal
County Hennepin
Operating Expense 14000
Insurance Expense 2000
New Construction N
Property Type Residential Income
Contingency None
Subdivision Name Wolvertons Add
Directions North on Portland Ave West on E 33rd St North on 3rd Ave S to property.
City Minneapolis
Buyer Agent Compensation 2.70
High School District Minneapolis
Zoning Description Residential-Single Family
Total Units 2
Street Name 3rd
Land Lease Y/N N
Tax Annual Amount 4814
Electric Expense 1900
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 1400
Additional Parcels Y/N N
Days on Market 3
Standard Status Pending
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Slab
Basement (Y/N) N
Above Grade Finished Area 1056
Street Suffix Avenue
Below Grade Finished Area 0
Foundation Dimensions 33x32
Fuel Electric
Garage Dimensions 22x22
Garage Square Feet 484
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Exterior
Fencing Chain Link Privacy Wood
Parking Features Detached Concrete Shared Driveway Garage Door Opener No Int Access to Dwelling
Lot Features Public Transit (w/in 6 blks)
Water Source City Water/Connected
Lot Size Area 0.13
Lot Dimensions 45x128
Lot Size Units Acres
Foundation Area 1056
Road Frontage Type City Street Curbs Paved Streets Sidewalks Street Lights
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3243
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* Excluded Features
List By
Johansson Realty Inc

Broker

arne.johanssonrealty@gmail.com

Email

Affordability Calculator

$2,671
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,270
Monthly Property Taxes
$401
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/1/2024$325,000 Listed Price

Map


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3243 3rd Avenue S, Minneapolis, MN, 55408 is a Multi-Family Home for sale at $325,000 with 1,056 sqft and a lot size of 0.13. 3243 3rd Avenue S has 1 bedrooms, 1.0 baths, and was built in 2018. The property's zip code is 55408 which is in Minneapolis, MN