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$315,000

5 Beds 2 Baths 3,899 SQFT 0.13 Acres
Type: Multi-Family

3322 Stevens Avenue
Minneapolis, MN 55408

MLS#: 7144656
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: RE/MAX Results

Property Description

 

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.


 

Interior Features

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area3,565 sqft
BasementUnfinished
Basement (Y/N)Yes
Below Grade Finished Area334 sqft
FuelNatural Gas
Garage Square Feet400
Laundry FeaturesIn Basement, In Unit

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsLake Street to Stevens south to home
Electric Expense0
Fuel Expense0
Garage Spaces2
Gross Income43560
HeatingBaseboard, Boiler, Hot Water
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,899 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total2
Operating Expense0
OwnerPaysTrash Collection, Water
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameBakers 2nd Add
Tax Annual Amount$5,764
Tax Year2026
Tenant PaysCable TV, Electricity, Gas, Heat
Trash Expense0
Water Sewer Expense0
Year Built1900
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,899 sqft
Foundation Area1,005 sqft
Lot Dimensions45.00 X 130.00
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

$315,000

5 Beds 2 Baths 3,899 SQFT 0.13 Acres
Type: Multi-Family

3322 Stevens Avenue
Minneapolis, MN 55408

MLS#: 7144656
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800