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Marshall Terrace Home for Sale

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  • /20

    $225,000

    • 2 Beds
    • 1 Bath
    • 842 Sq Ft

    2706 Randolph St NE, Minneapolis, MN 55418

    Classic bungalow with many upgrades. Windows, garage roof, stucco sandblasted and redashed, insulation, new HVAC, wiring, plumbing, floors refinished and carpet upgraded. Natural light filled in a sweet location near to good transit!

    Carol Clark Lakes Sotheby's International Realty

    2706 Randolph St NE, Minneapolis, MN 55418

Why Live in Marshall Terrace

Marshall Terrace is a neighborhood in Minneapolis that blends industrial and residential spaces and access to the Northeast Minneapolis arts district. This area is known for its high concentration of studios and the annual Art-A-Whirl festival, the country's largest open studio tour. Housing options include early-to-mid 1900s bungalows and American Foursquares, as well as some new developments. The neighborhood's namesake Marshall Terrace Park features playgrounds, a wading pool and bird-watching opportunities. Eateries include The Buttered Tin, known for its baked goods, and 56 Brewing, which hosts food trucks and live music. For groceries, residents can visit Sentyrz Liquor & Supermarket a mile away or the Eastside Food Co-op two miles away. Retail shopping is available three miles away at The Quarry, home to stores like Target and PetSmart. The neighborhood is about 10 minutes from downtown Minneapolis via River Road, with bike lanes and bus routes providing additional transportation options. The closest hospital, North Memorial Health, is three miles away, and the Minneapolis-Saint Paul International Airport is 16 miles away.

Frequently Asked Questions

Is Marshall Terrace a good place to live?
Marshall Terrace is a good place to live. Marshall Terrace is considered car-dependent and a biker's paradise with good transit options. Marshall Terrace has 8 parks for recreational activities. It is fairly sparse in population with 3.8 people per acre and a median age of 39. The average household income is $74,815 which is below the national average. College graduates make up 40.8% of residents. A majority of residents in Marshall Terrace are home owners, with 49.5% of residents renting and 50.5% of residents owning their home. A local real estate agent serving Marshall Terrace can help you decide if this neighborhood is the right one for you. Learn more on our Marshall Terrace neighborhood guide.
Is Marshall Terrace, MN a safe neighborhood?
Marshall Terrace, MN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Marshall Terrace?
The median home price in Marshall Terrace is $344,000. If you put a 20% down payment of $68,800 and had a 30-year fixed mortgage with an interest rate of 6.3%, your estimated principal and interest payment would be $1,700 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $73K a year to afford the median home price in Marshall Terrace. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Marshall Terrace is $75K.
What are the best public schools in Marshall Terrace?
The best public schools that serve Marshall Terrace are:
What are the best private schools in Marshall Terrace?
The best private schools that serve Marshall Terrace are:
What are the most popular zip codes in Marshall Terrace, Minneapolis, MN?
The most popular zip codes in Marshall Terrace, Minneapolis, MN include 55418, 55412, 55411, 55413 and 55421.
What are the most popular neighborhoods near Marshall Terrace, Minneapolis, MN?
The most popular neighborhoods near Marshall Terrace, Minneapolis, MN are Holland, Bottineau, McKinley, Webber-Camden and Columbia Park.

Home Trends in Marshall Terrace, MN

Housing Trends

Median Sale Price
$360,000
Median Single Family Sale Price
$360,000
Median Townhouse Sale Price
$350,000
Average Price Per Sq Ft
$218
Number of Homes for Sale
1
Last 12 months Home Sales
13
Months of Supply
0.90
Median List Price
$344,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
20%
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