3248 1st Ave S Minneapolis, MN 55408
Lyndale Neighborhood
5
Beds
2
Baths
2,870
Sq Ft
5,663
Sq Ft Lot
Highlights
- Deck
- Corner Lot
- Partially Fenced Property
- Washburn High School Rated A-
About This Home
As of May 2025WOW – want to own an investment property you can be proud of? This magnificent duplex clearly has a life-long history of being well-cared for and likely owner-occupied more than not. In fact, the last owner owned the home since 1992 and then bequeathed it to a local non-profit organization who is selling the property after spending the last few months having the hardwood floors refinished up and down & a fresh coat of paint inside on the walls & ceiling! Super spacious rooms – including the kitchens, amazing original woodwork, huge windows – many with southern exposure providing tons of natural light, 2 car garage & plenty of off-street parking on a well-maintained one-way street. Tall ceilings on all 4 levels, so many closets, separate gas and electrical, a four season sunroom with windows on three sides, front porch, front foyer, and even a nice spacious shared back staircase leading to the basement which has plenty of headroom or out to the fenced in back yard. Don’t forget to poke your head up into the third floor with loads of potential for future additional bedrooms and a bathroom. Owner-occupy and rent one unit to pay up to half your mortgage!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,735
Year Built
- Built in 1886
Lot Details
- Lot Dimensions are 124 x 16
- Partially Fenced Property
- Wood Fence
- Corner Lot
Parking
- 2 Car Garage
Home Design
- Duplex
Interior Spaces
- 2,870 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Outdoor Features
- Deck
Utilities
- Boiler Heating System
- Cable TV Available
Community Details
- 2 Units
- Bakers 2Nd Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 0302824130054
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 28, 2025
Closed on
May 8, 2025
Sold by
Philanthrofund Foundation
Bought by
Tran Truc and Tran Hien Phan
Seller's Agent
Amy Ruzick
RE/MAX Results
Buyer's Agent
Quynh Hoang
National Realty Guild
List Price
$475,000
Sold Price
$460,000
Premium/Discount to List
-$15,000
-3.16%
Views
23
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%
Original Mortgage
$271,000
Outstanding Balance
$271,000
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$194,817
Purchase Details
Listed on
Feb 28, 2025
Closed on
May 2, 2025
Sold by
Heying Jane M and Heying Lee R
Bought by
Philanthrofund Foundation
Seller's Agent
Amy Ruzick
RE/MAX Results
Buyer's Agent
Quynh Hoang
National Realty Guild
List Price
$475,000
Sold Price
$460,000
Premium/Discount to List
-$15,000
-3.16%
Views
23
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,000
Outstanding Balance
$271,000
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$194,817
Purchase Details
Closed on
Jan 26, 2023
Sold by
Eschenbaum John M
Bought by
Eschenbaum John M and Pfund Foundation
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $460,000 | Legacy Title | |
| Quit Claim Deed | $500 | None Listed On Document | |
| Personal Reps Deed | $500 | None Listed On Document | |
| Deed | -- | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $271,000 | New Conventional | |
| Previous Owner | $12,045 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | Sold | $460,000 | 0.0% | $160 / Sq Ft |
| 04/05/2025 04/05/25 | Pending | -- | -- | -- |
| 03/30/2025 03/30/25 | Off Market | $460,000 | -- | -- |
| 03/21/2025 03/21/25 | For Sale | $475,000 | +3.3% | $166 / Sq Ft |
| 03/12/2025 03/12/25 | Off Market | $460,000 | -- | -- |
| 03/01/2025 03/01/25 | For Sale | $475,000 | -- | $166 / 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 | $7,762 | $482,000 | $92,000 | $390,000 |
| 2022 | $7,348 | $451,000 | $88,000 | $363,000 |
| 2021 | $6,696 | $416,000 | $72,000 | $344,000 |
| 2020 | $7,171 | $392,000 | $45,600 | $346,400 |
| 2019 | $7,366 | $392,000 | $30,400 | $361,600 |
| 2018 | $6,253 | $392,000 | $30,400 | $361,600 |
| 2017 | $5,576 | $297,500 | $27,600 | $269,900 |
| 2016 | $5,753 | $297,500 | $27,600 | $269,900 |
| 2015 | $5,245 | $258,500 | $27,600 | $230,900 |
| 2014 | -- | $237,000 | $21,200 | $215,800 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Ruzick
Seller's Agent in 2025
Amy Ruzick
RE/MAX Results
(651) 492-1044
1 in this area
434 Total Sales
-
Quynh Hoang
Q
Buyer's Agent in 2025
Quynh Hoang
National Realty Guild
(612) 404-7139
1 in this area
29 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6675683
APN: 03-028-24-13-0054
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