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$750,000   Price Analysis
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3224 Nicollet Ave
Minneapolis, MN 55408
8 bed 4 bath 4,400 SqFt ($170/SqFt)
8,712SqFt lot. Built 1913
Listed 2024-04-01, Taxes $10,668
Ⓧ USDA Ineligible
due to location

near Minneapolis

Very well cared for and managed 4-plex.

* Sale Pending *

Newer kitchens and baths, hardwood floors, built-ins, natural woodwork.

Tenants pay heat. Huge garage that rents fr $800 per month. Stop in - you'll be pleased.


Presented by Dan Ferris at
Edina Realty, Inc. - Edina 50th and France.


Property MLS #6511701 from NorthstarMLS

Bedrooms: 8

Basement Features: Full, Storage Space

Full Bathrooms: 4

Fuel Expense: 1626.00
Heating Features: Boiler
Heating Fuel: Natural Gas

Brick/Stone
Stucco
Road Frontage Type: City

Land Lease Amount Frequency: No
Lot Size Acres: 0.2
Lot Size Dimensions: 50x171
Lot Size Square Feet: 8712

Garage Spaces: 4
Garage Sqft: 880

Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 2162.00

Gross Income: 75960.00
Tenant Pays: Broadband, Cable T.V., Electric, Fuel

Number of Units: 4

School District: 1 - Minneapolis

Lyndale Elementary School is a public elementary school located approximately 0.3 miles away.
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Washburn Senior High School is a public high school located approximately 2.1 miles away.
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Justice Page Middle School is a public middle school located approximately 2.1 miles away.
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Cristo Rey Jesuit High School Twin Cities is a private high school located approximately 0.5 miles away.
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Annual Tax Amount: 10031.00
Source Listing Status: Pending
County: Hennepin
Directions: Nicollet south of Lake St
Tax Year: 2024
Source Property Type: Multi-Family
Insurance Expense: 3139.00
Source Neighborhood: Lyndale
Owner Pays: Insurance, Janitorial, Lawn, Maintenance/Repair, Sewer, Snow, Taxes, Trash, Water
Parcel Number: 0302824240012
Subdivision: Broom & Suffels Add
Trash Expense: 5605.00
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$457,000 + $171,000
$628,000
$10,668
2021$421,000 + $171,000
$592,000
$9,890
2020$393,000 + $171,000
$564,000
$9,968
2019$440,300 + $96,700
$537,000
$9,747
2018$370,300 + $96,700
$467,000
$9,083
2017$329,100 + $87,900
$417,000
$8,348
2016$309,100 + $87,900
$397,000
$8,222
2015$257,100 + $87,900
$345,000
$7,558
2014$217,900 + $82,100
$300,000
$7,122
2013$182,700 + $117,300
$300,000
$6,588
2012$284,400 + $42,100
$326,500
$6,977
2011$293,400 + $42,100
$335,500
$6,840
2010$330,900 + $42,100
$373,000
$6,638
2009$330,900 + $42,100
$373,000
$6,711
2008$330,900 + $42,100
$373,000
$6,063
2007$322,600 + $32,400
$355,000
$5,940

Price Changed 2024-04-15
$750,000
NorthstarMLS
Listed 2024-04-01
$775,000
NorthstarMLS
Sold 2018-01-23
$420,000
Public Record
Sold 2002-05-22
$90,000
Public Record
Sold 1993-03-01
$90,000
Public Record

Operating Expense: 23237.00

Total Square Feet Living: 4400
Above Grade Finished Area: 4400
Foundation Area: 2200.00
Property Age: 111
Property Condition: Previously Owned
Roof: Flat, Tar/Gravel
Levels or Stories: 2
Total Above Grade Sqft Area: 4400.00
Total Area Main: 2200.00
Total Below Grade Area: 2200.00

Electric: Circuit Breakers
Electric Expense: 168.00
Sewer: City Sewer/Connected
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.