Michael Gacek
Edina Realty, Inc.
(855) 784-4214
28 Total Sales
4 in Marshall Terrace
$92K - $288K Price Range
2507 3rd St NE Minneapolis, MN 55418
Marshall Terrace NeighborhoodEstimated Value: $322,591
1
Bed
3
Baths
1,300
Sq Ft
$248/Sq Ft
Est. Value
About This Home
One-of-a-Kind Apartment, Patio, and Studio for Artists and Makers in Northeast Minneapolis.
Features: New renovation. All new appliances. Induction stove-top, convection oven, garbage disposer, refrigerator, washer/drier. Laminate Flooring. Furnace, pellet stove, and wood stove heat. Insulated, attached garage with wood stove heat may be used as an artist studio or construction/fabrication shop, or just to park your car. 2 off-street, in-driveway spaces directly in front of your garage with private entrance. Architecturally distinct and private outdoor patio for hosting, projects, and relaxation. Spacious and partially fenced yard.
Included services: Electric, Gas, Water/Sewer, Garbace/Recycling, Year-round yard and snow service
Neighborhood:One block of the intersection of University Ave NE and NE Lowry Ave, central to all Northeast Minneapolis has to offer.3 miles from the center of Downtown, just a 20-minute bike ride and a 10-minute drive. Access to public transit pick ups in all directions within 2 blocks of your front door. 1/2 mile to Mississippi River, connects to walk/bike paths and waterfront parks. 5 blocks to the Mississippi River Trail. 7 blocks to the Great Northern Green-way
List of popular restaurants close by:Market BBQ (across the street!). Olive & Lamb (across the street!). Stanley's Northeast Barroom (at the end of the block). Marty's Deli (2 blocks). Hai Hai (4 blocks). Jax Cafe (5 blocks). Carma Coffee (5 blocks). The Buttered Tin (6 blocks). Mojo Coffee Gallery (6 blocks). And lots more to discover!
NOTE: Property managed by Owner. Owners of this property will periodically occupy the adjacent unit through a separate entrance. Laundry and utility sink are in a shared space, accessed between units via separate security doors.
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Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 24, 2025
Sold by
Bought by
Current Estimated Value
Purchase Details
Closed on
May 1, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,500
Interest Rate
3.77%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Marshall Terrace, MN
-
Michael Gacek
-
Elizabeth Johnson
Elizabeth Johnson
RE/MAX Results
(651) 661-4632
158 Total Sales
1 in Marshall Terrace
$450,000 Price
-
Graham Smith
Graham Smith
Keller Williams Realty Integrity Lakes
(763) 342-5386
336 Total Sales
1 in Marshall Terrace
$335,000 Price
-
Jim Snaza
Jim Snaza
Homes Plus Realty
(612) 429-5408
116 Total Sales
1 in Marshall Terrace
$295,000 Price
-
Andrea Vorachek
Andrea Vorachek
Keller Williams Realty Integrity
(952) 206-8846
128 Total Sales
1 in Marshall Terrace
$315,000 Price
-
Michael Wasem
Michael Wasem
Edina Realty, Inc.
(844) 512-0376
196 Total Sales
1 in Marshall Terrace
$430,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | None Listed On Document | ||
| $178,000 | Executive Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $123,000 | ||
| Previous Owner | $133,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/18/2024 12/18/24 | Off Market | $2,100 | -- | -- |
| 11/15/2024 11/15/24 | Price Changed | $2,100 | -12.5% | $2 / Sq Ft |
| 10/31/2024 10/31/24 | For Rent | $2,400 | -- | -- |
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,260 | $293,400 | $96,000 | $197,400 |
| 2024 | $3,813 | $276,000 | $96,000 | $180,000 |
| 2023 | $3,626 | $288,000 | $96,000 | $192,000 |
| 2022 | $3,820 | $295,000 | $90,000 | $205,000 |
| 2021 | $3,162 | $286,000 | $38,000 | $248,000 |
| 2020 | $3,310 | $249,500 | $36,600 | $212,900 |
| 2019 | $3,413 | $242,000 | $32,100 | $209,900 |
| 2018 | $2,976 | $242,000 | $32,100 | $209,900 |
| 2017 | $2,914 | $205,500 | $29,200 | $176,300 |
| 2016 | $2,548 | $178,500 | $29,200 | $149,300 |
| 2015 | $2,506 | $169,000 | $29,200 | $139,800 |
| 2014 | -- | $159,500 | $29,200 | $130,300 |
Source: Public Records
Map
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