1501 Rice Creek Rd NE Minneapolis, MN 55432
Estimated payment $2,509/month
Total Views
536
4
Beds
3
Baths
2,656
Sq Ft
$145
Price per Sq Ft
Highlights
- Popular Property
- 1 Fireplace
- Stainless Steel Appliances
- Recreation Room
- No HOA
- The kitchen features windows
About This Home
Spacious Rambler with Income Potential – Ideal Location on the North Side of the Twin Cities!
Welcome to this beautifully maintained 4-bedroom, 3-bathroom rambler offering 2,712 square feet of versatile living space and endless possibilities. Situated in a convenient north Twin Cities location, this home combines comfort, function, and investment opportunity all in one.
Step inside to an open and airy main level featuring rich hardwood floors and a spacious floor plan perfect for everyday living and entertaining. The kitchen flows effortlessly into the living and dining areas, creating a warm and inviting atmosphere.
Downstairs, discover a fully finished basement with a separate private entrance, complete with a mother-in-law suite—perfect for extended family, guests, or as a rental income opportunity. In fact, the current owner has successfully hosted over 30 Airbnb guests in the past 8 months, making this an ideal investment for short- or long-term rental potential.
Enjoy peace and privacy in the newly fenced backyard, offering plenty of space for outdoor relaxation or gatherings. A detached 2-car garage provides ample storage and parking.
Whether you're looking for a forever home, a multi-generational living setup, or a smart income-generating property, this gem has it all.
Don't miss your chance to own this versatile home in one of the Twin Cities' most accessible locations
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,580
Year Built
- Built in 1945
Lot Details
- 0.27 Acre Lot
- Lot Dimensions are 98 x 122
Parking
- 2 Car Garage
Interior Spaces
- 1-Story Property
- 1 Fireplace
- Family Room
- Recreation Room
- Storage Room
- Washer
Kitchen
- Range
- Microwave
- Dishwasher
- Stainless Steel Appliances
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
Finished Basement
- Walk-Out Basement
- Basement Window Egress
Outdoor Features
- Porch
Utilities
- Forced Air Heating and Cooling System
- Humidifier
Community Details
- No Home Owners Association
- Auditors Sub 22 Subdivision
Listing and Financial Details
- Assessor Parcel Number 133024410081
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,604 | $344,800 | $93,100 | $251,700 |
| 2024 | $4,604 | $338,500 | $91,100 | $247,400 |
| 2023 | $4,130 | $335,500 | $82,100 | $253,400 |
| 2022 | $3,938 | $334,800 | $71,800 | $263,000 |
| 2021 | $3,870 | $278,700 | $56,400 | $222,300 |
| 2020 | $3,771 | $272,500 | $62,600 | $209,900 |
| 2019 | $3,624 | $255,600 | $51,900 | $203,700 |
| 2018 | $3,306 | $247,400 | $0 | $0 |
| 2017 | $3,099 | $220,600 | $0 | $0 |
| 2016 | $2,959 | $194,800 | $0 | $0 |
| 2015 | -- | $194,800 | $61,100 | $133,700 |
| 2014 | -- | $136,700 | $47,600 | $89,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/11/2025 07/11/25 | For Sale | $385,000 | +4.1% | $145 / Sq Ft |
| 07/22/2024 07/22/24 | Sold | $370,000 | +2.8% | $139 / Sq Ft |
| 06/27/2024 06/27/24 | Pending | -- | -- | -- |
| 06/25/2024 06/25/24 | For Sale | $360,000 | -- | $136 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $370,000 | -- | |
| Deed | $330,000 | -- | |
| Warranty Deed | $199,900 | -- | |
| Warranty Deed | $152,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $351,500 | New Conventional | |
| Previous Owner | $330,000 | New Conventional | |
| Previous Owner | $179,910 | New Conventional | |
| Previous Owner | $136,355 | New Conventional |
Source: Public Records
Similar Homes in Minneapolis, MN
Source: NorthstarMLS
MLS Number: 6741273
APN: 13-30-24-41-0081
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