NOT LISTED FOR SALE

3500 Portland Ave S Minneapolis, MN 55407

Central Neighborhood

Estimated Value: $425,926 - $510,000

8 Beds
2 Baths
3,300 Sq Ft
$140/Sq Ft Est. Value

Last Sold May 01, 2023

Last sale price $475,000 $144 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,006/month

25 Days on Market

About This Home

As of May 2023

Great opportunity to own this cash-flowing duplex near Powderhorn park in Minneapolis! This up/down duplex has hardwood floors throughout, unique archways, lots of natural light, and separate dining rooms. Kitchens have stainless steel appliances and updates throughout. The upstairs unit has a large primary bedroom and a walk-in shower in the bathroom. Both units have 4 bedrooms, 1 bath, and rent for $2,000/month. GAS/ELECTRIC is SPLIT with tenants paying for it. Both units have shared access to the basement where there is laundry and storage space. Tenants can enjoy the fenced-in backyard, patio, and 2-stall garage. Great addition to any investor's portfolio in a highly desired South Minneapolis neighborhood. The property is conveniently located on a corner lot near 35W! Don’t miss this one!

Last Agent to Sell the Property

Lars Anderson

RE/MAX Results Listed on: 02/21/2023

RE/MAX Results

Last Buyer's Agent

Dave Doran

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,285

Year Built

  • Built in 1900

Lot Details

  • 5,227

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 3,300 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 42 x 119
  • Forced Air Heating System

Community Details

  • 2 Units
  • Clinton Ave. Addn To Mpls Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0302824410135

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,285

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 3300
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 3300
  • Basement YN: Yes
  • Total Rooms: 6
  • Total Rooms: 7

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Neighborhood: Central

Garage/Parking

  • Garage Square Feet: 360

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 42 x 119
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0302824410135
  • Tax Annual Amount: 6285
  • TaxWithAssessments: 6285.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2023
Closed on
May 1, 2023
Sold by
3500 Portland Ave Llc
Bought by
Johnson Anthony Troy
Seller's Agent
Lars Anderson
RE/MAX Results
Buyer's Agent
Dave Doran
eXp Realty
List Price
$449,900
Sold Price
$475,000
Premium/Discount to List
$25,100
5.58%
Current Estimated Value
$456,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,196
Avg. Annual Appreciation
0.68%
Original Mortgage
$466,396
Outstanding Balance
$456,287
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$26,077

Purchase Details

Closed on
Aug 19, 2019
Sold by
Pattee Nathan C and Pattee Katherine
Bought by
3500 Portland Ave Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2016
Sold by
A & M Market Llc
Bought by
Pattee Nathan C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$246,500
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2014
Sold by
Elharfaoui Fouad
Bought by
A & M Market Llc

Purchase Details

Closed on
May 23, 2014
Sold by
Alsaadon Muna and Zahrad Ziad
Bought by
El Harfaoui Fouad

Purchase Details

Closed on
May 14, 2014
Sold by
A & M Market Llc
Bought by
Alsaadon Muna

Purchase Details

Closed on
Nov 12, 2013
Bought by
Alsaadon Muna Muna

Purchase Details

Closed on
Feb 14, 2007
Sold by
Option One Mortgage Corp
Bought by
Al Hawwari Ahmad

Purchase Details

Closed on
Feb 5, 2007
Sold by
Wells Fargo Bank Na
Bought by
Ahmad Al Hawwari
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Johnson Anthony Troy $475,000 Results Title
3500 Portland Ave Llc -- Land Title Inc
Pattee Nathan C $290,000 Liberty Title Inc
A & M Market Llc -- None Available
El Harfaoui Fouad $91,000 Premier Title Ins Agency Inc
Alsaadon Muna $85,000 Premier Title Ins Agency Inc
Alsaadon Muna Muna $85,000 --
Al Hawwari Ahmad $189,000 --
Ahmad Al Hawwari $189,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Anthony Troy $20,120
Open Johnson Anthony Troy $466,396
Previous Owner 3500 Portland Ave Llc $320,000
Previous Owner Pattee Nathan C $246,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2023 05/01/23 Sold $475,000 +5.6% $144 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $449,900 -- $136 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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 $6,054 $447,000 $60,000 $387,000
2022 $6,285 $395,000 $53,000 $342,000
2021 $6,360 $370,000 $36,000 $334,000
2020 $7,086 $406,000 $21,300 $384,700
2019 $6,316 $383,000 $14,200 $368,800
2018 $5,547 $348,000 $14,200 $333,800
2017 $5,644 $263,000 $12,900 $250,100
2016 $2,899 $120,000 $12,900 $107,100
2015 $2,330 $100,000 $12,900 $87,100
2014 -- $100,000 $14,400 $85,600
Source: Public Records

Agents Affiliated with this Home

  • Lars Anderson

    Seller's Agent in 2023

    Lars Anderson

    RE/MAX Results

    (651) 497-1666

    1 in this area

    327 Total Sales

    Section Image
  • Dave Doran

    Buyer's Agent in 2023

    Dave Doran

    eXp Realty

    (651) 246-8987

    1 in this area

    150 Total Sales

    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6333153

NorthstarMLS

APN: 03-028-24-41-0135

Minnesota Hennepin County Minneapolis 55407 Central

3500 Portland Ave S, Minneapolis, MN

This home is located at 3500 Portland Ave S, Minneapolis, MN 55407 since 21 February 2023 and is currently estimated at $461,732, approximately $139 per square foot. This property was built in 1900. 3500 Portland Ave S is a home located in Hennepin County with nearby schools including Lyndale Elementary School, Justice Page Middle School, and Washburn High School.

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