Closed

$285,000

3315 5th Ave S, Minneapolis, MN 55408

5beds

2baths

2,790sqft

Multi Family

Built in 1904

-- sqft lot

$285,900 Zestimate^®

$102/sqft

$2,089 Estimated rent

Home value

$285,900

$263,000 - $312,000

$2,089/mo

Zestimate^® history

Owner options

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$2,089/mo

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$2,089/mo

Rent Zestimate^®

Refinance and save

$1,790/mo

Est. payment

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$1,790/mo

Est. payment

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What's special

Newer windows

This is a charming 2-unit duplex in the city of Minneapolis. It looks great on the outside with newer windows. The siding and roofing are in great shape. It needs a bit of TLC on the inside. It would be a great home for owners who would like a bit of income from the secondary unit or for an investor who seeks steady income from stable tenants. The tenants have been there for over a decade. The current rent would cover the property expenses and yield positive cash flow. The seller is motivated. The Lower Unit (Unit 1) gave their notice for 9/30/2025. The lower unit's Fridge and Oven will be gone with the tenant as they vacate the property. This is an opportunity to raise the rent from $980 to $1300.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2

Heating

Forced Air

Features

Basement: Block,Partially Finished,Storage Space

Interior area

Total structure area: 2,790
Total interior livable area: 2,790 sqft
Finished area above ground: 2,232
Finished area below ground: 558

Property

Parking

Parking features: Gravel

Accessibility

Accessibility features: None

Features

Levels: Two
Patio & porch: Patio
Fencing: Chain Link

Lot

Size: 5,227 sqft
Dimensions: 45.2 x 119

Details

Foundation area: 1116
Parcel number: 0302824140117

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Roof: Age Over 8 Years

Condition

New construction: No
Year built: 1904

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & neighborhood

Location

Region: Minneapolis
Subdivision: Wolvertons Add

Price history

Date	Event	Price
10/7/2025	Sold	$285,000+1.8%$102/sqft
Source: NorthstarMLS as distributed by MLS GRID #6780415 Report a problem
9/8/2025	Pending sale	$280,000$100/sqft
Source: NorthstarMLS as distributed by MLS GRID #6780415 Report a problem
8/29/2025	Listed for sale	$280,000+700%$100/sqft
Source: NorthstarMLS as distributed by MLS GRID #6780415 Report a problem
10/21/2004	Sold	$35,000$13/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,799 +10.1%	$293,700 +11.3%
2024	$4,359 +0.8%	$264,000 -3.3%
2023	$4,326 +2.7%	$273,000 +1.5%
2022	$4,212 -0.2%	$269,000 +8.5%
2021	$4,220 -3.7%	$248,000 -3.9%
2020	$4,384 +3.9%	$258,000 +10%
2019	$4,220 -3.7%	$234,500 +10.1%
2018	$4,384 +20.2%	$213,000 +24.6%
2017	$3,647 +5.2%	$171,000 -5%
2016	$3,466 -7.5%	$180,000 +10.8%
2015	$3,745 +13.9%	$162,500 +13.2%
2014	$3,289 +1.9%	$143,500 -2.7%
2013	$3,229 -9.4%	$147,500 -11.9%
2012	$3,566 -0.5%	$167,500 -5.1%
2011	$3,583 +8.6%	$176,500 -5.1%
2010	$3,301 -10.8%	$186,000 -9.9%
2009	$3,700 +56.8%	$206,500 +51.3%
2006	$2,360 +18.1%	$136,500 +24.5%
2005	$1,998 +6.6%	$109,600 +24.3%
2004	$1,875 +27.1%	$88,200 +19%
2002	$1,476 -51.2%	$74,100
2001	$3,023	--