3243 3rd Ave S Minneapolis, MN 55408
Central NeighborhoodEstimated Value: $325,000 - $353,000
2
Beds
2
Baths
1,056
Sq Ft
$322/Sq Ft
Est. Value
Highlights
- 1-Story Property
- Baseboard Heating
- Privacy Fence
- Washburn High School Rated A-
About This Home
As of June 2024Extremely rare new construction affordable duplex grossing over $58,000 in annual income, plus room for growth. Mint condition! Duplex features 30-year architectural roof/shingles, gutters with underground drain tile system, pre-finished LP siding, ZIP R5 sheathing, triple-pane windows, mineral wool insulation (R21) in walls, insulated concrete slab, in-ground sprinkler system, 6-foot cedar privacy fence, professionally-landscaped yard, 2-car garage with separate electric panel, and huge driveway with 2 legal parking spaces. Each unit has granite countertops, beautiful stone-tiled shower, in-unit electric washer/dryer, air exchange system, a backyard patio, front porch and backyard access. VERY low maintenance property with high profitability for years to come! Perfect for living in one side and renting out the other, using one side for a home office or airbnb or using one or both as long term rentals. Massive ROI - this one will not last!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,814
Year Built
- Built in 2018
Lot Details
- Lot Dimensions are 45x128
- Privacy Fence
- Wood Fence
- Chain Link Fence
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Duplex
- Slab Foundation
- Pitched Roof
Interior Spaces
- 1,056 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Utilities
- Baseboard Heating
- 100 Amp Service
- Cable TV Available
Community Details
- 2 Units
- Wolvertons Add Subdivision
Listing and Financial Details
- The owner pays for all utilities
- Assessor Parcel Number 0302824140066
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 1, 2024
Closed on
Jun 3, 2024
Sold by
Tiny Duplex Inc
Bought by
Pham Trung
Seller's Agent
Arne Johansson
Johansson Realty Inc
Buyer's Agent
Ken Robinson
RE/MAX Results
List Price
$325,000
Sold Price
$350,000
Premium/Discount to List
$25,000
7.69%
Total Days on Market
5
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,436
Avg. Annual Appreciation
-2.92%
Original Mortgage
$346,500
Outstanding Balance
$343,345
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
-$3,781
Purchase Details
Closed on
Feb 9, 2022
Sold by
Johansson Builders Inc
Bought by
Tiny Duplex Inc
Purchase Details
Closed on
May 15, 2018
Sold by
Johanson Arne and Johanson Megan
Bought by
Johansson Builders Inc
Purchase Details
Closed on
Apr 9, 2017
Sold by
Ri & Ri Retailers Llc
Bought by
Johansson Arne
Purchase Details
Closed on
Oct 28, 2008
Sold by
Chase Home Finance Llc
Bought by
Dais Jeremy and Dais Karen
Purchase Details
Closed on
Apr 18, 2006
Sold by
Tran My and Truong Khanh
Bought by
Kongdaravong Peter
Purchase Details
Closed on
Mar 31, 2005
Sold by
Swanson Gary L
Bought by
Tran My and Truong Khanh
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pham Trung | $350,000 | -- | |
| Tiny Duplex Inc | $500 | None Listed On Document | |
| Johansson Builders Inc | -- | Custom Home Builders Title L | |
| Johansson Arne | $55,000 | Premier Title Ins Agency Inc | |
| Dais Jeremy | $23,750 | -- | |
| Kongdaravong Peter | $275,000 | -- | |
| Tran My | $230,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pham Trung | $346,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/03/2024 06/03/24 | Sold | $350,000 | 0.0% | $331 / Sq Ft |
| 05/06/2024 05/06/24 | Pending | -- | -- | -- |
| 05/04/2024 05/04/24 | Off Market | $350,000 | -- | -- |
| 05/01/2024 05/01/24 | For Sale | $325,000 | -- | $308 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $5,167 | $323,000 | $45,000 | $278,000 |
| 2022 | $4,536 | $299,000 | $45,000 | $254,000 |
| 2021 | $4,574 | $267,000 | $32,000 | $235,000 |
| 2020 | $2,828 | $280,000 | $18,300 | $261,700 |
| 2019 | $332 | $160,000 | $18,300 | $141,700 |
| 2018 | $336 | $18,300 | $18,300 | $0 |
| 2017 | $312 | $16,600 | $16,600 | $0 |
| 2016 | -- | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Arne Johansson
Seller's Agent in 2024
Arne Johansson
Johansson Realty Inc
(612) 423-0202
1 in this area
23 Total Sales
-
Ken Robinson
Buyer's Agent in 2024
Ken Robinson
RE/MAX Results
(973) 879-3132
1 in this area
68 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6527964
APN: 03-028-24-14-0066
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