3517 1st Avenue S Minneapolis, MN $ 549,990
3517 1st Avenue S
$ 549,990
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3517 1st Avenue S

Minneapolis, MN, 55408
$ 549,990
Bedrooms7 Baths2.0 Sq 3,600

Monthly Estimate*

$ 3,842

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Multi-Family Home for sale in Minneapolis, MN

for $549,990 with 7 bedrooms and 2 full baths. This 3,600 square foot home was built in 1915 on a lot size of 0.13.

Recently Remodeled Up/Down duplex in amazing area. Upper unit occupied with potential house hack available today! Walkable to eat street and many other wonderful parts of town. Super spacious units with newer kitchens, bathrooms, carpet, trim, windows, exterior paint. Stable tenants, always rented. plenty of off-street parking. 3200 square feet finished! First-floor rents for $2,100/mo with 4 beds & 2 baths. Upper unit rents for $1,800.mo with 3 beds & 1 bath with wonderful tenants currently in place-- you can see their pride of renter-ship from the photos. Shared laundry in basement. Units have very tall ceilings (even in basement). Sellers willing to make a win-win situation and prefer a fast closing. Separate utilities make this a very easy house hack or income generating rental. Expenses are conservative estimates of sinking funds and other savings accounts for repairs and maintenance. Expenses are not that high for this unit.

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Multi-Family Active

Price

$ 549,990

Bedrooms

7

Full Bath

2

Property Type

Multi-Family

Taxes

$ 8,533

Style

Duplex Up and Down

Lot Size

0.13

Year Built

1915

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6462973

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Roof Asphalt
Garage Spaces 0
Construction Materials Stucco Wood Siding
Year Built 1915
Electric Circuit Breakers
Tenant Pays All Utilities
Levels Two
Property SubType Duplex Up and Down
Tax Year 2023
Gross Income 48000
Accessibility None
County Hennepin
Operating Expense 10000
Insurance Expense 2500
New Construction N
Property Type Residential Income
Association Amenities Common Laundry Porch Security Lighting
Contingency None
Subdivision Name Shartles Add
Directions 3517 1st Ave South
City Minneapolis
Buyer Agent Compensation 2.50
High School District Minneapolis
Zoning Description Residential-Multi-Family
Total Units 2
Street Name 1st
Land Lease Y/N N
Tax Annual Amount 8533
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Virtual Tour https://tour.giraffe360.com/41dfc2570a41426da074f38d720c405b/?lsf=1v
Days on Market 6
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Egress Window(s) Finished Full Storage/Locker Storage Space
Basement (Y/N) Y
Above Grade Finished Area 2400
Street Suffix Avenue
Below Grade Finished Area 1200
Fuel Electric Natural Gas
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Exterior
Fencing Chain Link
Parking Features Concrete
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.13
Lot Dimensions 42x155
Lot Size Units Acres
Foundation Area 1200
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3517
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* Excluded Features
List By
Labelle Real Estate Group Inc

Broker

alex.paul.bruns@gmail.com

Email

Affordability Calculator

$4,553
Per Month
84%
16%
0%
Monthly Principal & Interest
$3,842
Monthly Property Taxes
$711
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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/22/2023$549,990 Listed Price

Map


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3517 1st Avenue S, Minneapolis, MN, 55408 is a Multi-Family Home for sale at $549,990 with 3,600 sqft and a lot size of 0.13. 3517 1st Avenue S has 7 bedrooms, 2.0 baths, and was built in 1915. The property's zip code is 55408 which is in Minneapolis, MN