Here is a great opportunity to own a great duplex with huge cash flow potential. The owner will have the building vacated prior to closing but he has rented each bedroom individually in the past and the building once took in $4,875 in rent each month. (former rent roll and financials available) *The building has a new roof, roof sheathing, and one new boiler. The kitchens and appliances were replaced in 2019. The units were painted last year. *The other boiler was replaced in 2016 and some of the windows and window inserts have been replaced in the last five years. *The TISH is clean and the unit boasts hardwood floors and modern bathrooms. *There is potential to expand and finish the attic. * There is potential to finish the basement which has a bathroom roughed in.
Closed
$415,000
3316 3rd Ave S, Minneapolis, MN 55408
6beds
2baths
2,714sqft
Duplex Up and Down
Built in 1901
-- sqft lot
$417,600 Zestimate®
$153/sqft
$2,111 Estimated rent
Home value
$417,600
$388,000 - $447,000
$2,111/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: July 22, 2024 at 07:02pm
Listed by:
Jeffrey Nobleza 773-677-5340,
Coldwell Banker Realty,
Theodore J Sandberg 952-486-0050
Bought with:
Roberta Dailey-Manos
Northstar Real Estate Associates
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6356113
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Boiler
Features
- Basement: Partially Finished
Interior area
- Total structure area: 2,714
- Total interior livable area: 2,714 sqft
- Finished area above ground: 2,412
- Finished area below ground: 302
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Covered
Lot
- Size: 5,662 sqft
- Dimensions: 45 x 128
Details
- Foundation area: 1206
- Parcel number: 0302824130125
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Materials
- Aluminum Siding
- Roof: Age 8 Years or Less
Condition
- Age of Property: 123
- New construction: No
- Year built: 1901
Utilities & green energy
- Electric: 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Bakers 2nd Add
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2023 | Sold | $415,000-2.4%$153/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6356113 | ||
| 6/19/2023 | Pending sale | $425,000$157/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6356113 | ||
| 5/25/2023 | Listed for sale | $425,000$157/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6356113 | ||
| 4/28/2023 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6356113 | ||
| 4/17/2023 | Listed for sale | $425,000-3.2%$157/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6356113 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,675 +11.6% | $357,200 -2.4% |
| 2024 | $5,982 +7.7% | $366,000 -2.1% |
| 2023 | $5,555 -6.3% | $374,000 +8.4% |
Find assessor info on the county website
Neighborhood: Central
Nearby schools
GreatSchools rating
- 3/10Lyndale Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Justice Page Middle SchoolGrades: 6-8Distance: 2 mi
- 8/10Washburn Senior High SchoolGrades: 9-12Distance: 2.1 mi
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Get a free Zillow Showcase℠ listing and you could sell for .
$417,600
2% more+ $8,352
With Zillow Showcase(estimated)
$425,952