5 months on rocket

3517 1st Ave S, Minneapolis, MN, 55408

$549,990

Home List Price

$6,531*

Closing Credit

0 Baths
3,600 SqFt
$153/SqFt
Multi
Schools Nearby

Location

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3517 1st Ave S, Minneapolis$549,990

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingConcrete
Year Built1915
HeatingForced Air
BasementYes
MLS #6462973
StatusActive

About 3517 1st Ave S

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.

Property Details

Property Features

Property Information:

  • Year Built: 1915
  • Living Area: 3,600 SqFt

Listing Office:

  • Office Name: LaBelle Real Estate Group Inc

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Concrete

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

  • Washburn High School, Public District Grades 9-12
  • Ramsey Middle School, Public District Grades 6-8
  • Lyndale Community School, Public District Grades PK-5

Other

Directions Information:

  • Directions: 3517 1st Ave South

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,990
  • Price Per SqFt: $153/SqFt

Tax Information:

  • Annual Amount: $7,967
  • 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

$341.2K

Med. Price/SqFt

$201

Avg. Days On Market

38

# of Sold Homes

862

3517 1st Ave S vs Minneapolis

156 DAYS ON ROCKET

+118 Days

$549,990

+$208.7K More

$153/SqFt

-$49 Less

KEY TAKEAWAY

This property is $208.7K more than the Median Sold Price and $49/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: #6462973

Listing Office:

  • Office Name: LaBelle Real Estate Group Inc

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Last updated on: 4/27/2024, 10:22:17 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

Sep 03, 2020Home Sold
$490,000
May 16, 2018Home Sold
$408,000
Jul 20, 2004Home Sold
$325,000
Feb 16, 1999Home Sold
$30,000
Jan 26, 1999Home Sold
$60,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,967$470,000

History based on county public records data.

Payment Calculator

$2,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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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-1666599
2
/10

  • Lyndale Community School

  • 312 W 34th St

  • 0.41 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1666600
5
/10

  • Ramsey Middle School

  • 1 W 49th St

  • 1.77 miles

  • Public District Grades 6-8

High School

school-card-donut-1666601
5
/10

  • Washburn High School

  • 201 W 49th St

  • 1.78 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 $36,221. The most common annual income of people living in Minneapolis, MN is less than $35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55408›3517 1st Ave S

This home is located at 3517 1st Ave S in Minneapolis, MN and zip code 55408 in the Lyndale neighborhood. This 3,600 square foot home was built in 1915. It has been listed on Rocket Homes since November 23, 2023 and is currently priced at $549,990.

While more than 380 listings in Minneapolis, MN in March 2024 were sold above asking price, there were more than 165 listings sold at asking price, and more than 317 were sold below. The number of homes for sale in Minneapolis, MN increased by 15.5% between February 2024 and March 2024. The median list price of listings available in March 2024 was $341,287, while the average time on the real estate market was 38 days.

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

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