Here is a great opportunity to own a great duplex with huge cash flow potential. The owner will have the building vacated prior to closing but he has rented each bedroom individually in the past and the building once took in $4,875 in rent each month. (former rent roll and financials available) *The building has a new roof, roof sheathing, and one new boiler. The kitchens and appliances were replaced in 2019. The units were painted last year. *The other boiler was replaced in 2016 and some of the windows and window inserts have been replaced in the last five years. *The TISH is clean and the unit boasts hardwood floors and modern bathrooms. *There is potential to expand and finish the attic. * There is potential to finish the basement which has a bathroom roughed in.
Closed
$415,000
3316 3rd Ave S, Minneapolis, MN 55408
6beds
2,714sqft
Multi Family
Built in 1901
-- sqft lot
$431,200 Zestimate®
$153/sqft
$2,054 Estimated rent
Home value
$431,200
$401,000 - $457,000
$2,054/mo
Zestimate® history
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$2,616/mo
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Modern bathroomsRoof sheathingNew roofHardwood floors
Zillow last checked:
Listing updated:
Listed by:
Jeffrey Nobleza 773-677-5340,
Coldwell Banker Realty
Bought with:
Roberta Dailey-Manos
Northstar Real Estate Associates
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6356113
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Boiler
Appliances
- Laundry: Electric Dryer Hookup, Lower Level, Washer Hookup
Features
- Basement: Partially Finished
Interior area
- Total structure area: 2,714
- Total interior livable area: 2,714 sqft
- Finished area above ground: 2,412
- Finished area below ground: 302
Property
Parking
- Parking features: Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Covered
Lot
- Size: 5,662 sqft
- Dimensions: 45 x 128
Details
- Foundation area: 1206
- Parcel number: 0302824130125
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1901
Utilities & green energy
- Electric: 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Bakers 2nd Add
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2023 | Sold | $415,000-2.4%$153/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6356113 Report a problem | ||
| 6/19/2023 | Pending sale | $425,000$157/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6356113 Report a problem | ||
| 5/25/2023 | Listed for sale | $425,000$157/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6356113 Report a problem | ||
| 4/28/2023 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6356113 Report a problem | ||
| 4/17/2023 | Listed for sale | $425,000-3.2%$157/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6356113 Report a problem | ||
| 4/17/2023 | Listing removed | $439,000$162/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6322965 Report a problem | ||
| 1/12/2023 | Listed for sale | $439,000+3.3%$162/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6322965 Report a problem | ||
| 6/3/2022 | Sold | $425,000+62.2%$157/sqft |
Source: Public Record Report a problem | ||
| 5/6/2020 | Sold | $262,000+83.9%$97/sqft |
Source: Public Record Report a problem | ||
| 8/12/2010 | Sold | $142,500+67.6%$53/sqft |
Source: Public Record Report a problem | ||
| 10/31/2008 | Sold | $85,000-69.8%$31/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1687769 Report a problem | ||
| 1/31/2006 | Sold | $281,000$104/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,675 +11.6% | $357,200 -2.4% |
| 2024 | $5,982 +7.7% | $366,000 -2.1% |
| 2023 | $5,555 -6.3% | $374,000 +8.4% |
| 2022 | $5,927 +9.4% | $345,000 +7.8% |
| 2021 | $5,417 -20.5% | $320,000 +5.6% |
| 2020 | $6,811 +25.7% | $303,000 +16.8% |
| 2019 | $5,417 -20.5% | $259,500 +10% |
| 2018 | $6,811 +61.3% | $236,000 +22.9% |
| 2017 | $4,222 +8.9% | $192,000 -5% |
| 2016 | $3,877 -7.5% | $202,000 +5.2% |
| 2015 | $4,193 +7.6% | $192,000 +14.3% |
| 2014 | $3,896 -16.7% | $168,000 -5.1% |
| 2013 | $4,678 +4.7% | $177,000 -9.9% |
| 2012 | $4,470 +5.9% | $196,500 -5.1% |
| 2011 | $4,221 +3.7% | $207,000 -5% |
| 2010 | $4,071 -5.3% | $218,000 -8.7% |
| 2009 | $4,298 +113% | $238,900 +56.9% |
| 2006 | $2,018 +26.4% | $152,300 +22.9% |
| 2005 | $1,596 +23.1% | $123,900 +26% |
| 2004 | $1,297 +17.4% | $98,300 +21.2% |
| 2002 | $1,104 -43.7% | $81,100 |
| 2001 | $1,962 | -- |
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 mi
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Estimated market value
$431,200
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Estimated market value
$431,200
- Minnesota
- Hennepin County
- Minneapolis
- 55408
- Central
- 3316 3rd Ave S
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