2922 18th Avenue S Minneapolis, MN ^$ 430,000

2922 18th Avenue S

^$ 430,000

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2922 18th Avenue S

Minneapolis, MN, 55407

^$ 430,000

Bedrooms5 Baths3.0 Sq 2,440

Monthly Estimate*

^$ 2,858

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Multi-Family Home for sale in Minneapolis, MN

for $430,000 with 5 bedrooms and 3 full baths. This 2,440 square foot home was built in 1900 on a lot size of 0.12.

Great investment opportunity! Discover the potential of this versatile triplex, located in the heart of South Minneapolis. This property offers a unique blend of commercial and residential zoning, opening a wealth of possibilities for your investment portfolio. Upper unit offers 2 bedrooms, 1 bath, & an in-unit laundry, enhancing tenant convenience. The main level features a spacious 3-bedroom, 1-bath. The basement studio includes a large bathroom, perfect for maximizing rental potential. Each unit has its own separate exterior entrance, ensuring privacy and ease for tenants. Whether you’re looking to capitalize on rental income or explore commercial ventures, this property offers the flexibility and prime location to thrive.

Multi-Family Active

Price

^$ 430,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,231

Style

Triplex

Lot Size

0.12

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6540818

Features

General

Sewer City Sewer/Connected

Heating Forced Air

Garage Spaces 1

Construction Materials Aluminum Siding Block

Year Built 1900

Levels One and One Half

Property SubType Triplex

Tax Year 2024

Gross Income 37200

Accessibility None

County Hennepin

Operating Expense 5400

Insurance Expense 2010

New Construction N

Property Type Residential Income

Contingency None

Subdivision Name Laymans 4th Add

Directions MN-55 E/Hiawatha Ave right onto E 26th St left onto Cedar Ave S right onto E 29th St onto 18th Ave S

City Minneapolis

Buyer Agent Compensation 2.70

High School District Minneapolis

NumberOfUnitsTotal 3

Lot Size Units Acres

Land Lease Y/N N

Tax Annual Amount 5231

Electric Expense 0

Fuel Expense 0

Trash Expense 249.92

Water Sewer Expense 2640

Additional Parcels Y/N N

Days on Market 0

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement Block

Basement (Y/N) Y

Above Grade Finished Area 1480

Below Grade Finished Area 960

Fuel Natural Gas

Garage Square Feet 308

Exterior

Water Source City Water/Connected

Lot Size Area 0.12

Lot Dimensions 123x43

Foundation Area 960

Internal Only

Street Number 1 2922

* Excluded Features

List By

Realty Group Llc

Broker

danelyquiroz@gmail.com

Affordability Calculator

$3,294

Per Month

Monthly Principal & Interest: $2,858
Monthly Property Taxes: $436
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% 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

Trends
Schools

Multi-family listings in Minneapolis, MN

Average List Price ^$498,980

Percent of Sale Price 16%

About Minneapolis, MN

417,625 Population

9% Since 2002

^$56,777 Median Income

35.08 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708364 Elementary School

708967 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/30/2024	$430,000		Listed Price

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2922 18th Avenue S, Minneapolis, MN, 55407 is a Multi-Family Home for sale at $430,000 with 2,440 sqft and a lot size of 0.12. 2922 18th Avenue S has 5 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 55407 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/26/2024.

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2922 18th Avenue S

Multi-Family Home for sale in Minneapolis, MN

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