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$339,000

4 Beds 2 Baths 1,730 SQFT 0.12 Acres
Type: Multi-Family

3118 Newton Avenue N
Minneapolis, MN 55411

MLS#: 7161680
The Real Estate Advantage
Office: 952.224.8800
Presented by: Coldwell Banker Realty

Property Description

 

UP TO $97,000 IN POTENTIAL HOMEBUYER ASSISTANCE MAY BE AVAILABLE — PLUS $3,400/MONTH IN CURRENT RENTAL INCOME! Eligible owner-occupants may have access to multiple homebuyer assistance programs, potentially including up to $45,000 through the Advancing Black Homeownership Community Fund, up to $32,000 in first-generation assistance, and up to $20,000 through the City of Minneapolis, subject to individual eligibility, available funding and program requirements. Not all programs may be combined. Both units are currently leased with $3,400/month in combined rental income. The lower level offers additional finished space, a framed bedroom area and rough-ins for a future kitchen and bathroom, creating potential for additional value. Buyer to verify zoning, permits, code compliance and permitted use with the City of Minneapolis. An opportunity to combine rental income with potentially substantial homebuyer assistance.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths2

Other Interior Features

Above Grade Finished Area1,730 sqft
BasementUnfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
Foundation Dimensions41X127X41X127
FuelNatural Gas
Garage Square Feet0

General

AccessibilityNone
Additional Parcels Y/NNo
Carport Spaces2
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsTake Lowry to Newton. Go South. Home is on E side of Newton.
Electric Expense0
Fuel Expense3600
Garage Spaces1
Gross Income40800
HeatingBoiler
High School DistrictMinneapolis
Insurance Expense1800
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area1,730 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total2
Operating Expense0
PostalCityMinneapolis
Property SubtypeDuplex Side by Side
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHamischs 3rd Add
Tax Annual Amount$3,603
Tax Year2025
Trash Expense0
Water Sewer Expense1500
Year Built1914

Exterior

Building Area Total1,730 sqft
Foundation Area870 sqft
Lot DimensionsUnknown
Lot Size Area0 sqft
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

$339,000

4 Beds 2 Baths 1,730 SQFT 0.12 Acres
Type: Multi-Family

3118 Newton Avenue N
Minneapolis, MN 55411

MLS#: 7161680
The Real Estate Advantage
Office: 952.224.8800