Strong income potential in this duplex investment opportunity! Previously generating a combined $3,630/month in rental income, with the upper unit renting for $2,030/month and the main-level unit renting for $1,600/month. That represents $43,560 in potential gross annual rental income based on the previous rents.
Both units offer the convenience of in-unit laundry, while an additional washer and dryer set in the unfinished basement provides even more flexibility for the property. A newer high-efficiency boiler adds to the property's appeal and efficiency. With two rentable units, separate laundry, a newer mechanical system, and a demonstrated rental history, this property offers an attractive opportunity for investors seeking strong income potential and long-term investment value.
Active
$315,000
3322 Stevens Ave, Minneapolis, MN 55408
5beds
2baths
3,899sqft
Duplex Up and Down
Built in 1900
-- sqft lot
$315,400 Zestimate®
$81/sqft
$-- HOA
What's special
In-unit laundryNewer high-efficiency boilerSeparate laundry
- 11 days
- 329
- 23
Zillow last checked:
Listing updated:
Listed by:
Kerby & Cristina Real Estate Experts 612-268-1637,
RE/MAX Results,
Jacqueline Nwaiwu 651-366-2353
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7144656
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
Heating
- Baseboard, Boiler, Hot Water
Appliances
- Laundry: In Basement, In Unit
Features
- Basement: Unfinished
Interior area
- Total structure area: 3,899
- Total interior livable area: 3,899 sqft
- Finished area above ground: 3,565
- Finished area below ground: 334
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 5,662 Square Feet
- Dimensions: 45.00 x 130.00
Details
- Foundation area: 1005
- Parcel number: 0302824130099
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- 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: $81/sqft
- Tax assessed value: $299,800
- Annual tax amount: $5,764
- Date on market: 9/28/2026
- Tenant pays: Cable TV, Electricity, Gas, Heat
Estimated market value
$315,400
$300,000 - $331,000
$1,770/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2026 | Listed for sale | $315,000-10%$81/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7144656 Report a problem | ||
| 8/25/2025 | Listing removed | $349,900$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6764871 Report a problem | ||
| 7/31/2025 | Price change | $349,900-7.7%$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6764871 Report a problem | ||
| 7/19/2025 | Listed for sale | $379,000+59.2%$97/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6741531 Report a problem | ||
| 3/29/2024 | Sold | $238,000-4.8%$61/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6485300 Report a problem | ||
| 3/4/2024 | Pending sale | $249,900$64/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6485300 Report a problem | ||
| 2/9/2024 | Listed for sale | $249,900-16.4%$64/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6485300 Report a problem | ||
| 1/1/2024 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6425235 Report a problem | ||
| 12/6/2023 | Price change | $299,000-8%$77/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6425235 Report a problem | ||
| 11/16/2023 | Price change | $325,000-7.1%$83/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6425235 Report a problem | ||
| 10/27/2023 | Price change | $350,000-2.8%$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6425235 Report a problem | ||
| 9/6/2023 | Listed for sale | $360,000$92/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6425235 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $5,764 +61.4% | $299,800 -1.2% |
| 2025 | $3,571 +0.4% | $303,500 +16.3% |
| 2024 | $3,555 -1.2% | $261,000 -7.8% |
| 2023 | $3,599 +4% | $283,000 -0.4% |
| 2022 | $3,460 +15.5% | $284,000 +8.4% |
| 2021 | $2,996 -7.8% | $262,000 +10.1% |
| 2020 | $3,249 +8.4% | $238,000 |
| 2019 | $2,996 -7.8% | $238,000 |
| 2018 | $3,249 +13.5% | $238,000 +15% |
| 2017 | $2,863 -2.6% | $207,000 |
| 2016 | $2,938 -10.3% | $207,000 +15% |
| 2015 | $3,277 +11.1% | $180,000 +6.5% |
| 2014 | $2,949 +5.5% | $169,000 +5% |
| 2013 | $2,794 +2.1% | $161,000 |
| 2012 | $2,737 +4.7% | $161,000 -4.9% |
| 2011 | $2,614 +6.7% | $169,300 -7% |
| 2010 | $2,450 -12.4% | $182,000 -9.9% |
| 2009 | $2,797 +30.9% | $202,000 +51.9% |
| 2006 | $2,137 +19.9% | $133,000 +29.6% |
| 2005 | $1,783 +90.6% | $102,600 +33.2% |
| 2004 | $935 +29.4% | $77,000 +30.7% |
| 2002 | $723 -44% | $58,900 |
| 2001 | $1,291 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lyndale
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