1 year on rocket

1707 31st St, Minneapolis, MN, 55407

$499,000

Home List Price

$5,926*

Closing Credit

0 Baths
2,870 SqFt
$174/SqFt
Multi
Schools Nearby

Location

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1707 31st St, Minneapolis$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDetached, Concrete, Garage Door Opener, Electric
Garage2 spaces
Year Built2019
HeatingForced Air
BasementYes
MLS #6198400
StatusActive

About 1707 31st St

INVESTOR'S DREAM: 8 Bedrooms, 3 Baths, 2 Car Garage - Upper-Level rents $1,400.00 a month, First Level and bonus Lower Level with two bedrooms combined is $2,600.00 for a total monthly income of $4,000.00. Newly built in 2019 from Architectual drawing plans with updated materials, two furnaces, one in lower level for basement and first floor, 2nd furnace is in the upper level. Tankless hot water system. Draw title surrounding base of home with sump pump! Plus, it has a two-car garage! Fully rented by tenants on a month-to-month basis. Outstanding location in a family neighborhood close to shopping and freeway access! This is a must see for serious investors!

Property Details

Property Features

Property Information:

  • Year Built: 2019
  • Living Area: 2,870 SqFt

Listing Office:

  • Office Name: Lakes Area Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Concrete, Garage Door Opener, Electric

Lot Features

Lot Information:

  • Lot: Irregular Lot, Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

  • South High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: Lyndale to 31st Street go east to 17th Ave S, home will be on the right. Cedar to 31st Street go west to home on left!

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000
  • Price Per SqFt: $174/SqFt
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

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Minneapolis, MN

City

Med. Sold Price

$341.2K

Med. Price/SqFt

$201

Avg. Days On Market

38

# of Sold Homes

862

1707 31st St vs Minneapolis

702 DAYS ON ROCKET

+664 Days

$499,000

+$157.7K More

$174/SqFt

-$28 Less

KEY TAKEAWAY

This property is $157.7K more than the Median Sold Price and $28/SqFt less than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6198400

Listing Office:

  • Office Name: Lakes Area Realty

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Property Sales & Tax

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Recommended Financing

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Rate/APR

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

High School

school-card-donut-79281
6
/10

  • South High School

  • 3131 19th Ave S

  • 0.27 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,583. The most common annual income of people living in Minneapolis, MN is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55407›1707 31st St

This home is located at 1707 31st St in Minneapolis, MN and zip code 55407 in the Powderhorn neighborhood. This 2,870 square foot home was built in 2019. It has been listed on Rocket Homes since May 23, 2022 and is currently priced at $499,000.

Minneapolis, MN housing market in March 2024 saw over 380 listings sold above listed price, more than 165 sold at listed price and over 317 sold below. In March 2024 in Minneapolis, MN there were 15.5% more homes for sale than in February 2024. In March 2024 median list price was $341,287 and the average listing age was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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