Closed

$485,000

3212 1st Ave S, Minneapolis, MN 55408

8beds

4baths

5,878sqft

Other

Built in 1885

-- sqft lot

$-- Zestimate^®

$83/sqft

$2,547 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,547/mo

Zestimate^® history

Owner options

List your home for rent

$2,547/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$2,547/mo

Rent Zestimate^®

Refinance and save

$3,072/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$3,072/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Thoughtful layoutsDesirable amenitiesNew roofsCharming unitsSpacious units

This one-of-a-kind multi-unit property offers incredible flexibility and income potential in one of Minneapolis' most vibrant neighborhoods. Featuring two spacious units in the main building and two charming units in the converted carriage house-both with new roofs (2024), this property lives like two duplexes on a single lot! Each of the four units boasts 2 bedrooms and 1 bath, with thoughtful layouts and desirable amenities. Three reliable tenants are already in place, making this an ideal turnkey investment opportunity for both owner-occupants and investors alike. Live in one unit while generating steady rental income from the others! Nestled in Lyndale, you’ll enjoy a walkable, bike-friendly community with easy access to shops, dining, parks, and public transit. Don't miss this rare chance to own a truly unique and income-producing property in a prime Minneapolis location! Plan your tour of this new listing today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Boiler, Forced Air

Appliances

Laundry: In Basement

Features

Basement: Full,Unfinished

Interior area

Total structure area: 5,878
Total interior livable area: 5,878 sqft
Finished area above ground: 3,874
Finished area below ground: 0

Property

Parking

Parking features: None

Accessibility

Accessibility features: None

Features

Levels: Two
Patio & porch: Patio, Porch
Pool features: None
Fencing: None

Lot

Size: 5,229 Square Feet
Dimensions: 42 x 124
Features: Tree Coverage - Medium

Details

Foundation area: 2004
Parcel number: 0302824130045
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Other

Materials

Roof: Age 8 Years or Less,Asphalt

Condition

New construction: No
Year built: 1885

Utilities & green energy

Electric: Circuit Breakers, 100 Amp Service
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Bakers 2nd Add

Location

Region: Minneapolis

Financial & listing details

Price per square foot: $83/sqft
Tax assessed value: $456,000
Annual tax amount: $8,478
Date on market: 3/17/2025
Cumulative days on market: 55 days
Tenant pays: Cable TV, Electricity, Heat

Price history

Date	Event	Price
4/24/2025	Sold	$485,000+2.1%$83/sqft
Source: NorthstarMLS as distributed by MLS GRID #6686223 Report a problem
3/26/2025	Pending sale	$475,000$81/sqft
Source: NorthstarMLS as distributed by MLS GRID #6686223 Report a problem
3/17/2025	Listed for sale	$475,000-5%$81/sqft
Source: NorthstarMLS as distributed by MLS GRID #6686223 Report a problem
3/17/2025	Listing removed	$500,000$85/sqft
Source: NorthstarMLS as distributed by MLS GRID #6636870 Report a problem
1/30/2025	Listed for sale	$500,000+292.2%$85/sqft
Source: NorthstarMLS as distributed by MLS GRID #6636870 Report a problem
6/19/2023	Listing removed	--
Source: Zillow Rentals Report a problem
6/11/2023	Listed for rent	$1,010+3.6%
Source: Zillow Rentals Report a problem
7/13/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
6/13/2022	Listed for rent	$975
Source: Zillow Rental Manager Report a problem
1/12/2011	Sold	$127,500-63.6%$22/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #1694105 Report a problem
1/17/2006	Sold	$350,000$60/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,557 -1.9%	$456,000
2024	$8,727 +6.1%	$456,000 -14%
2023	$8,227 +3.8%	$530,000 +7.1%
2022	$7,928 +9.8%	$495,000 +9.8%
2021	$7,218 +0.9%	$451,000 +6.1%
2020	$7,152 -0.9%	$425,000 +5%
2019	$7,218 +0.9%	$404,600 +2.6%
2018	$7,152 +8.8%	$394,500 +13.4%
2017	$6,573 +0.8%	$348,000 +5%
2016	$6,522 +1.7%	$331,500 +30%
2015	$6,410 +23.9%	$255,000 +3.9%
2014	$5,175 +42.4%	$245,500 +44.4%
2012	$3,633 -37.7%	$170,000 -40.6%
2011	$5,831 +22%	$286,000 -5%
2010	$4,778 -13.5%	$301,000 -8%
2009	$5,526 +16.9%	$327,000 +20.7%
2006	$4,728 +4.3%	$271,000 +9.9%
2005	$4,534 +11.6%	$246,500 +20%
2004	$4,064 +7.5%	$205,500 +30.1%
2002	$3,781 -41.7%	$158,000
2001	$6,483	--