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$305,000

4 Beds 2 Baths 1,776 SQFT 0.10 Acres
Type: Multi-Family

2915 N 3rd Street
Minneapolis, MN 55411

MLS#: 7080138
The Real Estate Advantage
Office: 952.224.8800
Presented by: Keller Williams Realty Integrity Lakes

Property Description

 

Exceptional investment opportunity in Minneapolis' growing Hawthorne neighborhood! This well-maintained duplex is ideal for both owner-occupants and investors seeking strong cash flow and long-term appreciation. Major updates completed in 2021-2022 include a new roof, furnace, water heater, walkway, stairs, and retaining wall, providing peace of mind and reduced maintenance costs for years to come. The property is currently generating solid rental income, with Unit 1 rented at $1,250/month and Unit 2 rented at $1,575/month. Located in an area experiencing significant reinvestment and growth, this property is surrounded by new development activity, including a brand-new construction duplex valued at approximately $450,000 being built next door. Additional new construction projects have recently been completed nearby, further enhancing the neighborhood's appeal and future value. Whether you're looking to live in one unit while offsetting your mortgage with rental income or add a stable, income-producing asset to your portfolio, this duplex offers a rare combination of cash flow, updates, and upside potential. Don't miss your chance to own in one of North Minneapolis' emerging neighborhoods!


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,776 sqft
BasementBlock
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelElectric, Natural Gas
Garage Square Feet300
Laundry FeaturesIn Basement, Common Area

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
Construction MaterialsBlock
ContingencyNone
CountyHennepin
Directions94E to Broadway to 3rd st N
ElectricCircuit Breakers
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income33900
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense2300
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area1,776 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income27566
New ConstructionNo
Number Of Units Total2
Operating Expense6334
OwnerPaysCommon Area Maintenance, Insurance, Grounds Care, Repairs, Pest Control, Security, Taxes
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NamePayne & Hendersons Sub Morrisons
Tax Annual Amount$3,893
Tax Year2025
Tenant PaysElectricity, Fuel, Gas, Heat, Hot Water
Trash Expense1600
Water Sewer Expense979
Year Built1906
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,555 sqft
Foundation Area779 sqft
Lot Dimensions28x158
Lot Size Area0 sqft
Parking FeaturesDetached Garage
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$305,000

4 Beds 2 Baths 1,776 SQFT 0.10 Acres
Type: Multi-Family

2915 N 3rd Street
Minneapolis, MN 55411

MLS#: 7080138
The Real Estate Advantage
Office: 952.224.8800