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$325,000   Price Analysis
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3243 3rd Ave S
Minneapolis, MN 55408
2 bed 2 bath 1,056 SqFt ($307/SqFt)
5,663SqFt lot. Built 2018
Listed 2024-05-01, Taxes $4,536
Ⓧ USDA Ineligible
due to location

near Minneapolis

Extremely rare new construction affordable duplex grossing over $58

* No Longer For Sale *
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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, pretty 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 fr 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!


Presented by Arne Johansson at
Johansson Realty Inc.


Property MLS #6527964 from NorthstarMLS

Bedrooms: 2

Basement Features: Slab

Full Bathrooms: 2

Heating Features: Baseboard, Ductless Mini-Split
Heating Fuel: Electric

Engineered Wood
Fencing: Chain Link, Privacy, Wood
Road Frontage Type: City, Curbs, Paved Streets, Sidewalks, Street Lights
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Description: Public Transit (w/in 6 blks)
Lot Size Acres: 0.13
Lot Size Dimensions: 45x128
Topography: Level
Lot Size Square Feet: 5663

Garage Spaces: 2
Parking Features: Detached Garage, Driveway - Concrete, Driveway - Shared, Garage Door Opener, No Int Access to Dwelling
Garage Dimensions: 22 x 22
Garage Sqft: 484

Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 300.00

Gross Income: 59000.00

Number of Units: 2

School District: 1 - Minneapolis

Lyndale Elementary School is a public elementary school located approximately 0.6 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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Washburn Senior High School is a public high 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 0.4 miles away.
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Annual Tax Amount: 4814.00
Source Listing Status: Closed
County: Hennepin
Directions: North on Portland Ave, West on E 33rd St, North on 3rd Ave S to property.
Tax Year: 2023
Source Property Type: Multi-Family
Insurance Expense: 2000.00
Source Neighborhood: Central
Parcel Number: 0302824140066
Subdivision: Wolvertons Add
Zoning: Residential-Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$235,000 + $32,000
$267,000
$4,536
2021$261,700 + $18,300
$280,000
$4,574
2020$141,700 + $18,300
$160,000
$2,828
2019$unknown + $18,300
$18,300
$332
2018$unknown + $18,300
$18,300
$335
2011$82,900 + $16,600
$99,500
$11,238
2010$95,800 + $16,600
$112,400
$2,952
2009$93,100 + $35,000
$128,100
$2,304
2008$144,700 + $12,000
$156,700
$8,476
2007$118,600 + $8,200
$126,800
$2,121

Sold 2024-06-03
$350,000
NorthstarMLS
Relisted 2024-05-07
$325,000
NorthstarMLS
Listing removed 2024-05-05
$0
NorthstarMLS
Listed 2024-05-01
$325,000
NorthstarMLS
Sold 2017-06-11
$53,515
NorthstarMLS
Listed 2017-04-25
$60,000
NorthstarMLS
Listing removed 2017-04-17
$60,000
NorthstarMLS
Listed 2016-12-28
$60,000
NorthstarMLS
Sold 2008-12-03
$23,750
Public Record
Sold 2006-06-09
$275,000
Public Record
Sold 2005-07-01
$230,000
Public Record
Sold 1998-06-18
$61,600
Public Record

Net Operating Income: 45000.00
Operating Expense: 14000.00

Total Square Feet Living: 1056
Above Grade Finished Area: 1056
Construction Materials: Concrete, Frame
Foundation Area: 1056.00
Property Age: 6
Property Condition: Previously Owned
Roof: Age 8 Years or Less, Asphalt Shingles, Pitched
Levels or Stories: 1
Total Above Grade Sqft Area: 1056.00
Total Area Main: 1056.00

Electric: 100 Amp Service
Electric Expense: 1900.00
Sewer: City Sewer/Connected
Water Sewer Expense: 1400.00
Water Source: City Water/Connected

Accessibility Features: No Stairs External, No Stairs Internal

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.