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$610,000   Price Analysis
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3509 17th Ave S
Minneapolis, MN 55407
8 bed 4 bath 2,520 SqFt ($242/SqFt)
5,663SqFt lot. Built 1910
Listed 2023-11-16, Taxes $7,842
Ⓧ USDA Ineligible
due to location

near Minneapolis

Nice stucco 4plex 8 bedrooms and 4 bathrooms.

Hardwood floors, front screened porches. Each unit has an off-street parking spot on the back concrete parking slab. Gas and Electric separately metered for each unt.

Newer boilers and coin-op laundry. Great location on a dedicated bike route, close to Powderhorn Park. Remodel in 2009 replaced the flat roof with a gable roof. Great investment property and option for owner occupancy.


Presented by Tim Krey at
Real Estate Masters.
Listing Agent Photo

Property MLS #6460125 from NorthstarMLS

Bedrooms: 8

Basement Features: Full

Full Bathrooms: 4

Heating Features: Boiler, Hot Water
Heating Fuel: Natural Gas

Stucco

Land Lease Amount Frequency: No
Lot Size Acres: 0.13
Lot Size Dimensions: 46x121
Lot Size Square Feet: 5663

Parking Features: Assigned, Uncovered/Open

Association: No
Association Amenities: Coin-op Laundry Owned, Patio, Porch
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 1200.00

Gross Income: 48480.00
Tenant Pays: Broadband, Electric, Fuel

Number of Units: 4

School District: 1 - Minneapolis

Bancroft Elementary School is a public elementary school located approximately 0.5 miles away.
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South Senior High School is a public high school located approximately 0.5 miles away.
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Andersen Community is a public elementary and middle school located approximately 1.1 miles away.
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Risen Christ Catholic School is a private elementary and middle school located approximately 0.5 miles away.
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Annual Tax Amount: 8635.00
Source Listing Status: Active
County: Hennepin
Directions: Cedar Ave to 35th St, West to 17th Ave, South to property
Tax Year: 2022
Source Property Type: Multi-Family
Insurance Expense: 2113.00
Manager Expense: 1500.00
Source Neighborhood: Powderhorn Park
Parcel Number: 0202824410195
Subdivision: Monroe Bros Add
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$378,000 + $78,000
$456,000
$7,842
2021$410,300 + $60,200
$470,500
$7,694
2020$367,300 + $60,200
$427,500
$7,561
2019$351,400 + $30,100
$381,500
$6,927
2018$293,400 + $30,100
$323,500
$5,933
2017$272,100 + $27,400
$299,500
$5,612
2016$257,600 + $27,400
$285,000
$5,504
2015$220,600 + $27,400
$248,000
$5,019
2014$210,100 + $27,400
$237,500
$5,170
2013$204,100 + $33,400
$237,500
$5,198
2012$204,100 + $33,400
$237,500
$5,055
2011$216,600 + $33,400
$250,000
$5,076
2010$277,400 + $42,100
$319,500
$5,670
2009$312,900 + $42,100
$355,000
$6,362
2008$312,900 + $42,100
$355,000
$5,746
2007$322,600 + $32,400
$355,000
$5,895

Price Changed 2024-04-08
$610,000
NorthstarMLS
Price Changed 2023-12-27
$630,000
NorthstarMLS
Listed 2023-11-16
$650,000
NorthstarMLS
Sold 2009-04-15
$170,000
Public Record
Listing removed 2009-03-31
$170,000
NorthstarMLS
Price Changed 2009-03-05
$175,000
NorthstarMLS
Listed 2009-02-28
$189,900
NorthstarMLS
Sold 2005-09-22
$374,000
Public Record
Sold 1997-09-05
$108,000
Public Record
Sold 1990-05-11
$110,000
Public Record
Sold 1987-03-05
$125,000
Public Record

Operating Expense: 10789.00

Total Square Feet Living: 2520
Above Grade Finished Area: 2520
Foundation Area: 1627.00
Property Age: 114
Property Condition: Previously Owned
Roof: Age Over 8 Years, Asphalt Shingles
Levels or Stories: 2
Total Above Grade Sqft Area: 3254.00
Total Area Main: 1627.00
Total Below Grade Area: 1627.00

Electric: Circuit Breakers
Sewer: City Sewer/Connected
Water Sewer Expense: 3181.00
Water Source: City Water/Connected
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.