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3240 18th Avenue S Minneapolis, MN $ 298,900
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3240 18th Avenue S
$ 298,900
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3240 18th Avenue S

Minneapolis, MN, 55407
$ 298,900
Bedrooms4 Baths2.0 Sq 2,020

Monthly Estimate*

$ 1,987

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Multi-Family Home for sale in Minneapolis, MN

for $298,900 with 4 bedrooms and 2 full baths. This 2,020 square foot home was built in 1887 on a lot size of 0.14.

Welcome to 3240 18th Ave S, a well-maintained duplex offering an exceptional investment opportunity in a highly sought-after area. This property features two units, each with 2 bedrooms and 1 bathroom, providing comfortable and functional living spaces for tenants. Situated in the heart of Minneapolis, the property benefits from a vibrant neighborhood with convenient access to local amenities, public transportation, parks, and schools. The duplex has been meticulously cared for, ensuring low maintenance for the foreseeable future. With consistent rental demand in the area, this duplex presents a robust investment opportunity. Additional features include ample street parking, separate entrances for privacy, and a shared backyard space. Upper unit is currently leased at $1220 per month until May 31st, 2025. Tenants pay electric and gas, landlord pays water and trash.

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Multi-Family Active

Price

$ 298,900

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 4,631

Style

Duplex Up and Down

Lot Size

0.14

Year Built

1887

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6553906
Features
General
Sewer City Sewer/Connected
Heating Forced Air
Roof Age Over 8 Years Asphalt
Garage Spaces 0
Construction Materials Vinyl Siding
Year Built 1887
Tenant Pays Electricity Gas
Levels Two
Property SubType Duplex Up and Down
Tax Year 2023
Gross Income 1
Accessibility None
County Hennepin
Operating Expense 1
Insurance Expense 1
New Construction N
Property Type Residential Income
Contingency None
Subdivision Name J G Lennons Add
Directions South on Hiawatha Ave right on E 32nd St left on 18th Ave S to home.
City Minneapolis
Buyer Agent Compensation 2.70
High School District Minneapolis
Zoning Description Residential-Multi-Family
NumberOfUnitsTotal 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 4631
Electric Expense 1
Fuel Expense 1
Trash Expense 1
Water Sewer Expense 1
Additional Parcels Y/N N
Virtual Tour https://my.matterport.com/show/?m=3bvaGxQoF7w&brand=0&mls=1&
Days on Market 2
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Crawl Space Unfinished
Basement (Y/N) Y
Above Grade Finished Area 2020
Below Grade Finished Area 0
Fuel Natural Gas
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Exterior
Fencing Partial Wood
Parking Features Paved Open
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.14
Lot Dimensions 50x120
Foundation Area 1008
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3240
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* Excluded Features
List By
Jason Mitchell Group

Broker

eric@fultonrealty.com

Email

Affordability Calculator

$2,372
Per Month
84%
16%
0%
Monthly Principal & Interest
$1,987
Monthly Property Taxes
$386
Monthly 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
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/14/2024$298,900 Listed Price

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3240 18th Avenue S, Minneapolis, MN, 55407 is a Multi-Family Home for sale at $298,900 with 2,020 sqft and a lot size of 0.14. 3240 18th Avenue S has 4 bedrooms, 2.0 baths, and was built in 1887. The property's zip code is 55407 which is in Minneapolis, MN

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