14 days on rocket

Sale Pending

3243 3rd Ave S, Minneapolis, MN, 55408

$325,000

Home List Price

$3,859*

Closing Credit

0 Baths
1,056 SqFt
$308/SqFt
Multi
Schools Nearby

Location

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3243 3rd Ave S, Minneapolis$325,000

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDetached, Concrete, Shared Driveway, Garage Door Opener, No Int Access to Dwelling
Garage2 spaces
Year Built2018
HeatingBaseboard, Ductless
BasementYes
MLS #6527964
StatusSale Pending
(Pending)

About 3243 3rd Ave S

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!

Property Details

Property Features

Property Information:

  • Year Built: 2018
  • Living Area: 1,056 SqFt

Listing Office:

  • Office Name: Johansson Realty Inc

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Concrete, Shared Driveway, Garage Door Opener, No Int Access to Dwelling

Utilities

Utilities Information:

  • Heating: Baseboard, Ductless

School Info

Assigned Schools Information:

  • Washburn High School, Public District Grades 9-12
  • Ramsey Middle School, Public District Grades 6-8
  • Richard R. Green Central Park School, Public District Grades PK-5

Other

Directions Information:

  • Directions: North on Portland Ave, West on E 33rd St, North on 3rd Ave S to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $325,000
  • Price Per SqFt: $308/SqFt

Tax Information:

  • Annual Amount: $4,574
  • Tax Year: 2020
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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

$343.6K

Med. Price/SqFt

$201

Avg. Days On Market

27

# of Sold Homes

1085

3243 3rd Ave S vs Minneapolis

14 DAYS ON ROCKET

-13 Days

$325,000

-$18.6K Less

$308/SqFt

+$106 More

KEY TAKEAWAY

This property is $18.6K less than the Median Sold Price and $106/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6527964

Listing Office:

  • Office Name: Johansson Realty Inc

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Last updated on: 5/15/2024, 3:22:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 15, 2017Home Sold
$55,000
Feb 01, 2017Home Sold
$27,600
Dec 03, 2008Home Sold
$23,750
Jun 09, 2006Home Sold
$275,000
Jul 01, 2005Home Sold
$230,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,574$280,000
2019$2,828$160,000
2018$332$18,300
2017$336$18,300

History based on county public records data.

Payment Calculator

$1,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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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.

Elementary School

school-card-donut-1511084
3
/10

  • Richard R. Green Central Park School

  • 3416 4th Ave S

  • 0.25 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1511085
5
/10

  • Ramsey Middle School

  • 1 W 49th St

  • 2.12 miles

  • Public District Grades 6-8

High School

school-card-donut-1511086
7
/10

  • Washburn High School

  • 201 W 49th St

  • 2.13 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 $46,795. Residents of Minneapolis, MN typically earn between $35k-100k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55408›3243 3rd Ave S

This home is located at 3243 3rd Ave S in Minneapolis, MN and zip code 55408 in the Powderhorn neighborhood. This 1,056 square foot home was built in 2018. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $325,000.

While more than 519 listings in Minneapolis, MN in April 2024 were sold above asking price, there were more than 228 listings sold at asking price, and more than 337 were sold below. The inventory of homes for sale in Minneapolis, MN between March 2024 and April 2024 increased by 15.8%. In April 2024, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $343,683.

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

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