Own this completely stabilized NE MPLS Triplex with amazing cash flow in Minneapolis the heart of the NE Minneapolis Arts District! Great owner occupancy/investment opportunity! Classic turn of the century home is walkable to breweries, restaurants theater, parks and trails.
Upper unit rents as single room occupancy with shared common areas, Month to Month leases with long term clients .High cash flow with low vacancy! **Monthly rent per unit: 2BR-$950/mo., 1BR-$850/mo., 4BR-$2340/mo.**
Closed
$345,000
344 16th Ave NE, Minneapolis, MN 55413
7beds
3baths
1,729sqft
Triplex
Built in 1900
-- sqft lot
$346,400 Zestimate®
$200/sqft
$1,885 Estimated rent
Home value
$346,400
$319,000 - $378,000
$1,885/mo
Zestimate® history
Owner options
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$1,885/mo
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$1,885/mo
Rent Zestimate®
Refinance and save
$2,167/mo
Est. payment
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$2,167/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Kath Hammerseng- Sohus Real Estate Group 612-718-1586,
Edina Realty, Inc.
Bought with:
Jeremy C Hollingsworth
Twin City Real Estate Services
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6781332
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Forced Air, Space Heater
Appliances
- Laundry: Coin-op Laundry Owned
Features
- Basement: Crawl Space,Partial
Interior area
- Total structure area: 1,729
- Total interior livable area: 1,729 sqft
- Finished area above ground: 1,729
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Garage
- Garage spaces: 1
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 3,049 sqft
- Dimensions: 25 x 118
Details
- Foundation area: 900
- Parcel number: 1402924210015
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Callaghans Sub Of Lts Bottineaus 2nd
Price history
| Date | Event | Price |
|---|---|---|
| 10/31/2025 | Sold | $345,000$200/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6781332 Report a problem | ||
| 9/28/2025 | Pending sale | $345,000$200/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6781332 Report a problem | ||
| 9/2/2025 | Listed for sale | $345,000$200/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6781332 Report a problem | ||
| 8/29/2025 | Listing removed | $345,000$200/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6742176 Report a problem | ||
| 7/7/2025 | Pending sale | $345,000$200/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6742176 Report a problem | ||
| 6/19/2025 | Listed for sale | $345,000$200/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6742176 Report a problem | ||
| 6/19/2025 | Listing removed | $345,000$200/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6701351 Report a problem | ||
| 5/22/2025 | Pending sale | $345,000$200/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6701351 Report a problem | ||
| 4/11/2025 | Listed for sale | $345,000+650%$200/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6701351 Report a problem | ||
| 1/31/2000 | Sold | $46,000$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,599 +14% | $311,600 +1.5% |
| 2024 | $4,911 -5.6% | $307,000 |
| 2023 | $5,201 +6.3% | $307,000 -5% |
| 2022 | $4,892 +5.8% | $323,000 +12.2% |
| 2021 | $4,624 +0.8% | $288,000 +1.8% |
| 2020 | $4,587 -0.8% | $283,000 +9.1% |
| 2019 | $4,624 +0.8% | $259,500 +10% |
| 2018 | $4,587 +20.3% | $236,000 +36% |
| 2017 | $3,814 +17.3% | $173,500 +12.7% |
| 2016 | $3,252 +9.2% | $154,000 +14.9% |
| 2015 | $2,978 +9.5% | $134,000 +9.8% |
| 2014 | $2,719 +6.7% | $122,000 +5.2% |
| 2013 | $2,548 +2.8% | $116,000 |
| 2012 | $2,479 -2.3% | $116,000 -6.8% |
| 2011 | $2,538 -2.6% | $124,500 -15% |
| 2010 | $2,607 -17.9% | $146,500 -17% |
| 2009 | $3,175 +35.9% | $176,500 +31.8% |
| 2006 | $2,336 +13.5% | $133,900 +19.7% |
| 2005 | $2,059 +14.1% | $111,900 +22.6% |
| 2004 | $1,805 +15.2% | $91,300 +17.2% |
| 2002 | $1,566 -50.1% | $77,900 |
| 2001 | $3,139 | -- |
Find assessor info on the county website
Neighborhood: Sheridan
Nearby schools
GreatSchools rating
- 2/10Pillsbury Elementary SchoolGrades: PK-5Distance: 1.5 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 1.8 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 0.6 mi
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Estimated market value
$346,400
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
$346,400
- Minnesota
- Hennepin County
- Minneapolis
- 55413
- Sheridan
- 344 16th Ave NE
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Nearby neighborhoods
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