3243 3rd Avenue South

Minneapolis, MN 55408

$325,000
Price
—
Beds
1,056 Sq. Ft.
$308 / Sq. Ft.
1,056
Sq. Ft.
$308
per Sq. Ft.

Description

Extremely rare new construction affordable duplex grossing over $58,000 in annual income, plus room for growth. Mint condition! Duplex features 30-year architectural roof/shingles, gutters with underground drain tile system, pre-finished LP siding, ZIP R5 sheathing, triple-pane windows, mineral wool insulation (R21) in walls, insulated concrete slab, in-ground sprinkler system, 6-foot cedar privacy fence, professionally-landscaped yard, 2-car garage with separate electric panel, and huge driveway...Extremely rare new construction affordable duplex grossing over $58,000 in annual income, plus room for growth. Mint condition! Duplex features 30-year architectural roof/shingles, gutters with underground drain tile system, pre-finished LP siding, ZIP R5 sheathing, triple-pane windows, mineral wool insulation (R21) in walls, insulated concrete slab, in-ground sprinkler system, 6-foot cedar privacy fence, professionally-landscaped yard, 2-car garage with separate electric panel, and huge driveway with 2 legal parking spaces. Each unit has granite countertops, beautiful stone-tiled shower, in-unit electric washer/dryer, air exchange system, a backyard patio, front porch and backyard access. VERY low maintenance property with high profitability for years to come! Perfect for living in one side and renting out the other, using one side for a home office or airbnb or using one or both as long term rentals. Massive ROI - this one will not last!
  1. Listed by Johansson Realty Inc

Property Details for 3243 3rd Avenue South

Neighborhood
Central
Subdivision Name
Wolvertons Add
Zoning Jurisdiction
Residential-Single Family

Location

Listing Courtesy of Johansson Realty Inc
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LISTING UPDATED: 05/06/2024 06:59 PM

Property Details for 3243 3rd Avenue South

StatusPending
MLS #6527964
Days on Compass3
Taxes$4,814 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex Side by Side
Year Built2018
Lot Size0.13 AC / 5,662 SF
CountyHennepin County

Location

Listing Courtesy of Johansson Realty Inc
Add your commute

Building Information for 3243 3rd Avenue South

Stories-Residences2Year Built2018Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$2,175 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,774

Property Taxes

$401

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3243 3rd Avenue South

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: North on Portland Ave, West on E 33rd St, North on 3rd Ave S to property.
  • Latitude: 44.94390985
  • Longitude: -93.2743979534
  • Map Coordinate: 106-D4
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minneapolis
  • City and Location Text: Minneapolis(MN)
  • Postal Code: 55408
  • State Or Province: MN
  • Public Survey Township: 28
  • Topography: Level
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 0302824140066
  • Tax Annual Amount: $4,814.00
  • Tax Legal Description: LOT 009 BLOCK 005 WOLVERTONS ADDN TO MPLS
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2023
  • Tax With Assessments: 4814.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Above Grade Fin SQFT: 1056.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 1056.0
  • Lot Features: Public Transit (w/in 6 blks)
  • Lot Size Area: 0.13
  • Lot Size Dimensions: 45x128
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Duplex Side by Side
  • Property Type: Residential Income
  • SQFT Main Total: 1056.0000
  • Above Grade SqFt Total: 1056.0000
  • Below Grade SqFt Total: 0.0000
  • Sqft Total: 1056.00
Property and Assessments
  • Age Of Property: 6
Utilities
  • Electric: 100 Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: No Stairs External, No Stairs Internal
  • Fencing: Chain Link, Privacy, Wood
  • Foundation Area: 1056.0
  • Fuel: Electric
  • Road Frontage Type: City Street, Curbs, Paved Streets, Sidewalks, Street Lights
  • Road Responsibility: Public Maintained Road
  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • Patio Porch Type: Front Porch,Patio
Interior Features
  • Basement Type: Slab
  • DP Resource: Y
  • Garage Dimensions: 22x22
  • Garage Square Feet: 484
  • Heating: Baseboard, Ductless Mini-Split
  • Levels: One
  • Basement YN: No
Multi Family
Unit 1
  • Unit Amenities: Main Floor Primary Bedroom,Other,Patio,Porch,Security System
  • Unit Appl: Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Stainless Steel Appliances,Tankless Water Heater
  • Unit Bath 3Qtr: 1
  • Unit Bath Description: Upper Level 3/4 Bath
  • Unit Bath Full: 0
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Cool System: Ductless Mini-Split
  • Unit Monthly Expenses: 0.00
  • Unit Parking: 1
  • Unit Room Spec: All Living Fac. on One Level
  • Unit Rooms Total: 3
  • Unit SqFt: 528
  • Unit Type Actual Rent: $.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 2
  • Bedroom 1 Room Level: Main (Ground)
  • Bedroom 2 Room Level: Main (Ground)
  • Bedroom 3 Room Level: Main (Ground)
  • Bedroom 4 Room Level: Main (Ground)
  • Dining Room Level: Main (Ground)
  • Kitchen Room Level: Main (Ground)
  • Unit Level: Main Level
  • Unit Type Total Rent: 0
  • Unit Furnished: Yes

Property History for 3243 3rd Avenue South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3243 3rd Avenue South

Taxable ValueLand$45,000Additions$254,000Total$299,000
Tax Record2023$4,814 ($401 / month)
Home Facts
Baths2Total Finished SqFt1,056 SqFtAbove Grade Finished SqFt1,056 SqFtStories1Lot Size5,663 SqFtStyleDuplexYear Built2018ZoningR2BCountyHENNEPINAPN03-028-24-14-0066

Schools near 3243 3rd Avenue South

This home is within Minneapolis Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Lyndale Elementary School
PublicPK to 5

Justice Page Middle School
Public6 to 8

Washburn Senior High School
Public9 to 12

Franklin Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Johansson Realty Inc

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 05/06/2024 06:59 PM