Extremely rare new construction affordable duplex grossing over $58,000 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, beautiful 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 for 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!
Closed
$350,000
3243 3rd Ave S, Minneapolis, MN 55408
2beds
2baths
1,056sqft
Multi Family
Built in 2018
-- sqft lot
$346,700 Zestimate®
$331/sqft
$2,044 Estimated rent
Home value
$346,700
$329,000 - $364,000
$2,044/mo
Zestimate® history
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$2,207/mo
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Est. payment
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Front porchBackyard patioBackyard accessHuge drivewaySeparate electric panelMineral wool insulationAir exchange system
Zillow last checked:
Listing updated:
Listed by:
Arne R Johansson 612-423-0202,
Johansson Realty Inc
Bought with:
Kenneth Joseph Robinson
RE/MAX Results
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6527964
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Baseboard, Ductless Mini-Split
Appliances
- Laundry: Electric Dryer Hookup, Laundry Closet, In Unit
Features
- Has basement: No
Interior area
- Total structure area: 1,056
- Total interior livable area: 1,056 sqft
- Finished area above ground: 1,056
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Concrete, Shared Driveway, Garage Door Opener, No Int Access to Dwelling
- Garage spaces: 2
- Has uncovered spaces: Yes
- Details: Garage Dimensions (22x22)
Accessibility
- Accessibility features: No Stairs External, No Stairs Internal
Features
- Levels: One
- Patio & porch: Front Porch, Patio
- Pool features: None
- Fencing: Chain Link,Privacy,Wood
Lot
- Size: 5,662 sqft
- Dimensions: 45 x 128
- Features: Near Public Transit
- Topography: Level
Details
- Foundation area: 1056
- Parcel number: 0302824140066
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Other, Concrete, Frame
- Foundation: Slab
- Roof: Age 8 Years or Less,Asphalt,Pitched
Condition
- New construction: No
- Year built: 2018
Utilities & green energy
- Electric: 100 Amp Service, Power Company: Xcel Energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Wolvertons Add
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2024 | Sold | $350,000+7.7%$331/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6527964 Report a problem | ||
| 5/6/2024 | Pending sale | $325,000$308/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6527964 Report a problem | ||
| 5/5/2024 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6527964 Report a problem | ||
| 5/1/2024 | Listed for sale | $325,000+507.3%$308/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6527964 Report a problem | ||
| 6/9/2017 | Sold | $53,515-10.8%$51/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4821005 Report a problem | ||
| 12/28/2016 | Listed for sale | $60,000+152.6%$57/sqft |
Source: Alliance Realty #4783820 Report a problem | ||
| 11/13/2008 | Sold | $23,750-68.3%$22/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1688154 Report a problem | ||
| 5/23/2008 | Listing removed | $74,900$71/sqft |
Source: Century 21 #3482154 Report a problem | ||
| 4/12/2008 | Price change | $74,900-11.8%$71/sqft |
Source: Century 21 #3482154 Report a problem | ||
| 3/16/2008 | Listed for sale | $84,900-69.1%$80/sqft |
Source: Century 21 #3482154 Report a problem | ||
| 6/9/2006 | Sold | $275,000+19.6%$260/sqft |
Source: Public Record Report a problem | ||
| 7/1/2005 | Sold | $230,000$218/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,183 +19.7% | $329,800 -2.7% |
| 2024 | $5,167 +7.3% | $339,000 +5% |
| 2023 | $4,814 +6.1% | $323,000 +8% |
| 2022 | $4,536 -0.8% | $299,000 +12% |
| 2021 | $4,574 +61.7% | $267,000 -4.6% |
| 2020 | $2,828 -38.2% | $280,000 +75% |
| 2019 | $4,574 +61.7% | $160,000 +774.3% |
| 2018 | $2,828 +742% | $18,300 +10.2% |
| 2017 | $336 +7.7% | $16,600 |
| 2016 | $312 | -- |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | $11,239 +280.7% | $99,500 -11.5% |
| 2010 | $2,952 +28.1% | $112,400 -12.3% |
| 2009 | $2,305 +27.9% | $128,100 +24% |
| 2006 | $1,802 +6.3% | $103,300 +24.6% |
| 2005 | $1,694 +13.4% | $82,900 +24.3% |
| 2004 | $1,494 +14.4% | $66,700 +19.1% |
| 2002 | $1,306 -42.7% | $56,000 |
| 2001 | $2,278 | -- |
Find assessor info on the county website
Neighborhood: Central
Nearby schools
GreatSchools rating
- 3/10Lyndale Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 7/10Justice Page Middle SchoolGrades: 6-8Distance: 2.1 mi
- 8/10Washburn Senior High SchoolGrades: 9-12Distance: 2.1 mi
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Estimated market value
$346,700
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Estimated market value
$346,700
- Minnesota
- Hennepin County
- Minneapolis
- 55408
- Central
- 3243 3rd Ave S
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