3517 1st Avenue South

Minneapolis, MN 55408

$549,990
Price
—
Beds
3,600 Sq. Ft.
$153 / Sq. Ft.
3,600
Sq. Ft.
$153
per Sq. Ft.

Description

Recently Remodeled Up/Down duplex in amazing area. Upper unit occupied with potential house hack available today! Walkable to eat street and many other wonderful parts of town. Super spacious units with newer kitchens, bathrooms, carpet, trim, windows, exterior paint. Stable tenants, always rented. plenty of off-street parking. 3200 square feet finished! First-floor rents for $2,100/mo with 4 beds & 2 baths. Upper unit rents for $1,800.mo with 3 beds & 1 bath with wonderful tenants currently in place--...Recently Remodeled Up/Down duplex in amazing area. Upper unit occupied with potential house hack available today! Walkable to eat street and many other wonderful parts of town. Super spacious units with newer kitchens, bathrooms, carpet, trim, windows, exterior paint. Stable tenants, always rented. plenty of off-street parking. 3200 square feet finished! First-floor rents for $2,100/mo with 4 beds & 2 baths. Upper unit rents for $1,800.mo with 3 beds & 1 bath with wonderful tenants currently in place-- you can see their pride of renter-ship from the photos. Shared laundry in basement. Units have very tall ceilings (even in basement). Sellers willing to make a win-win situation and prefer a fast closing. Separate utilities make this a very easy house hack or income generating rental. Expenses are conservative estimates of sinking funds and other savings accounts for repairs and maintenance. Expenses are not that high for this unit.
  1. Listed by LaBelle Real Estate Group Inc

Property Details for 3517 1st Avenue South

Neighborhood
Lyndale
Subdivision Name
Shartles Add
Zoning Jurisdiction
Residential-Multi-Family

Location

Listing Courtesy of LaBelle Real Estate Group Inc
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LISTING UPDATED: 11/27/2023 10:54 AM

Property Details for 3517 1st Avenue South

StatusActive
MLS #6462973
Days on Compass164
Taxes$8,533 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex Up and Down
Year Built1915
Lot Size0.13 AC / 5,662 SF
CountyHennepin County

Location

Listing Courtesy of LaBelle Real Estate Group Inc
Add your commute

Building Information for 3517 1st Avenue South

Stories-Residences2Year Built1915Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$3,713 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,002

Property Taxes

$711

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3517 1st Avenue South

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: 3517 1st Ave South
  • Latitude: 44.93893
  • Longitude: -93.276262
  • Map Coordinate: 120-D1
  • 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
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 0302824420215
  • Tax Annual Amount: $8,533.00
  • Tax Legal Description: LOT 010 BLOCK 002 SHARTLES ADDN TO MPLS
  • Tax Other Annual Assessment Amount: $1,207.00
  • Tax Year: 2023
  • Tax With Assessments: 8804.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Above Grade Fin SQFT: 2400.0
  • Below Grade Fin SQFT: 1200.0
  • SQFT Total: 3600.0
  • Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Medium
  • Lot Size Area: 0.13
  • Lot Size Dimensions: 42x155
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Duplex Up and Down
  • Property Type: Residential Income
  • SQFT Main Total: 1200.0000
  • Above Grade SqFt Total: 2400.0000
  • Below Grade SqFt Total: 1200.0000
  • Sqft Total: 3600.00
Property and Assessments
  • Age Of Property: 108
Utilities
  • Electric: Circuit Breakers
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: Common Laundry, Porch, Security Lighting
  • Fencing: Chain Link
  • Foundation Area: 1200.0
  • Fuel: Electric,Natural Gas
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Asphalt
Interior Features
  • Basement Type: Egress Window(s), Finished, Full, Storage/Locker, Storage Space
  • DP Resource: Y
  • Heating: Forced Air
  • Levels: Two
  • Number of Refrigerator: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 416.00
  • Unit Parking: 0
  • Unit Rooms Total: 7
  • Unit SqFt: 1200
  • Unit Type Actual Rent: $2,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Units Total: 1
  • Bedroom 1 Room Dimensions: 10.3x12.8
  • Bedroom 1 Room Level: Main (Ground)
  • Bedroom 2 Room Dimensions: 16.2x12.8
  • Bedroom 2 Room Level: Main (Ground)
  • Bedroom 3 Room Dimensions: 10.8x13.7
  • Bedroom 3 Room Level: Lower
  • Bedroom 4 Room Dimensions: 10.3x11.1
  • Bedroom 4 Room Level: Lower
  • Dining Room Dimensions: 13.3x28.2
  • Dining Room Level: Main (Ground)
  • Family Room Dimensions: 5.10x9.2
  • Family Room Level: Main (Ground)
  • Kitchen Room Dimensions: 25.8x12.9
  • Kitchen Room Level: Main (Ground)
  • Unit Level: Main Level
  • Unit Type Total Rent: 26400
  • Unit Furnished: No
Unit 2
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 416.00
  • Unit Fireplace Location: Decorative
  • Unit Parking: 0
  • Unit Rooms Total: 7
  • Unit SqFt: 1200
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 1
  • Extra Room 1 Dimensions: 13.7x12.6
  • Extra Room 1 Level: Upper
  • Extra Room 2 Dimensions: 10.8x7.11
  • Extra Room 2 Level: Upper
  • Extra Room 3 Dimensions: 25.5x12.6
  • Extra Room 3 Level: Upper
  • Extra Room 4 Dimensions: 13.1x19.6
  • Extra Room 4 Level: Upper
  • Extra Room 5 Dimensions: 5.5x8.6
  • Extra Room 5 Level: Upper
  • Licing Room Dimensions: 10x12.5
  • Living Room Level: Upper
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 21600
  • Unit Furnished: No

Property History for 3517 1st 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 3517 1st Avenue South

Taxable ValueLand$87,000Additions$443,000Total$530,000
Tax Record2023$8,804 ($734 / month)
Home Facts
Total Finished SqFt2,878 SqFtAbove Grade Finished SqFt2,878 SqFtStories2Lot Size5,663 SqFtStyleDuplexYear Built1915CountyHENNEPINAPN03-028-24-42-0215Fireplace TypeHas Fireplace

Schools near 3517 1st 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.

Similar Homes

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3517 1st Avenue South is a multi-family home for sale in Minneapolis, MN 55408. This property was listed for sale on November 21, 2023 by LaBelle Real Estate Group Inc, it's currently listed at $549,990. It has been on the market for a total of 164 days and was last sold on September 3, 2020. This listing's school district is Minneapolis Public School Dist.. Nearby schools include Lyndale Elementary School, Justice Page Middle School and Washburn Senior High School. 3517 1st Avenue South is a 0-bed, 0-bath, 3,600 sqft multi-family home built in 1915.

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 LaBelle Real Estate Group 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 11/27/2023 10:54 AM