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  • $460,000

    3248 1st Ave S, Minneapolis, MN 55408

    5beds
    2baths
    5,075sqft
    Duplex Up and Down
    Built in 1886
    -- sqft lot
    $462,800 Zestimate®
    $91/sqft
    $2,001 Estimated rent

    Home value

    $462,800

    $426,000 - $504,000

    $2,001/mo

    Zestimate® history
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    $2,909/mo

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    $2,909/mo

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    What's special

    WOW – want to own an investment property you can be proud of? This magnificent duplex clearly has a life-long history of being well-cared for and likely owner-occupied more than not. In fact, the last owner owned the home since 1992 and then bequeathed it to a local non-profit organization who is selling the property after spending the last few months having the hardwood floors refinished up and down & a fresh coat of paint inside on the walls & ceiling! Super spacious rooms – including the kitchens, amazing original woodwork, huge windows – many with southern exposure providing tons of natural light, 2 car garage & plenty of off-street parking on a well-maintained one-way street. Tall ceilings on all 4 levels, so many closets, separate gas and electrical, a four season sunroom with windows on three sides, front porch, front foyer, and even a nice spacious shared back staircase leading to the basement which has plenty of headroom or out to the fenced in back yard. Don’t forget to poke your head up into the third floor with loads of potential for future additional bedrooms and a bathroom. Owner-occupy and rent one unit to pay up to half your mortgage!

    Zillow last checked:

    Listing updated:

    Listed by:

    Amy Ruzick 651-492-1044,

    RE/MAX Results

    Bought with:

    Quynh Hoang

    National Realty Guild

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6675683MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • Boiler
    Appliances
    • Laundry: Lower Level
    Features
    • Basement: Full,Storage Space,Unfinished
    Interior area
    • Total structure area: 5,075
    • Total interior livable area: 5,075 sqft
    • Finished area above ground: 2,870
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Detached Garage
    • Garage spaces: 2
    • Details: Garage Dimensions (20 x 20)
    Accessibility
    • Accessibility features: None
    Features
    • Levels: More Than 2 Stories
    • Patio & porch: Deck
    • Fencing: Partial,Wood
    Lot
    • Size: 5,662 Square Feet
    • Dimensions: 124 x 16
    • Features: Corner Lot
    Details
    • Foundation area: 1104
    • Parcel number: 0302824130054
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex Up and Down
    Materials
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1886

    Utilities & green energy

    • Electric: Circuit Breakers
    • 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: $91/sqft
    • Tax assessed value: $438,400
    • Annual tax amount: $7,735
    • Date on market: 3/21/2025
    • Cumulative days on market: 20 days

    Price history

    DateEventPrice
    5/8/2025Sold$460,000-3.2%$91/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6675683 Report a problem
    4/5/2025Pending sale$475,000$94/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6675683 Report a problem
    3/30/2025Listing removed$475,000$94/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6675683 Report a problem
    3/21/2025Listed for sale$475,000$94/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6675683 Report a problem
    3/12/2025Listing removed$475,000$94/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6675683 Report a problem
    3/1/2025Listed for sale$475,000$94/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6675683 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,948 +2.4%$438,400 +1.2%
    2024$7,762 +3%$433,000 -10.2%
    2023$7,533 +2.5%$482,000 +6.9%
    2022$7,348 +9.8%$451,000 +8.4%
    2021$6,696 -6.6%$416,000 +6.1%
    2020$7,171 +7.1%$392,000
    2019$6,696 -6.6%$392,000
    2018$7,171 +14.7%$392,000 +31.8%
    2017$6,253 +12.1%$297,500
    2016$5,576 -3.1%$297,500 +15.1%
    2015$5,753 +9.7%$258,500 +9.1%
    2014$5,245 +5.9%$237,000 +5.1%
    2013$4,953 +2.8%$225,500
    2012$4,820 -0.5%$225,500 -5.1%
    2011$4,844 +6.5%$237,600 -7%
    2010$4,547 -11%$255,500 -10%
    2009$5,110 +50.1%$284,000 +45.5%
    2006$3,405 +19%$195,200 +25.4%
    2005$2,862 +22.2%$155,600 +31.3%
    2004$2,343 +25.8%$118,500 +28%
    2002$1,862 -45.6%$92,600
    2001$3,424 --
    Find assessor info on the county website

    Neighborhood: Lyndale

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $462,800
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $462,800