$519,000

2541 3rd Ave S

Minneapolis MN, 55404

Description

Priced to sell! This home is a large historic beauty and provides amazing cash flow for an investor or owner occupant! Two 3-Bedroom Units. Unit #2 is rented for $2,325 per month. Unit #1 is recently renovated and market rent is estimated at $2,700 per month for a combined total of $60,300 annual rental income! Over $50k in updates - new boiler, new water heater, new windows, new kitchen counters, cabinets, appliances, fresh paint, buffed floors this house shines! Hugely desirable rental area in the Whittier neighborhood being located directly across from the Minneapolis College of Art and Design (MCAD) and Minneapolis Institute of Art (MIA). Original floors, amazing woodwork, beautiful brick and large living spaces. New windows, Owner is agent. Buyers to verify all measurements.

Details

MLS#5317648
Sub-TypeResale
StatusPending - Show
Year1900
Days On Site64

Features

SQ Feet3,260
Units2
Building(s)1

Market Activity 55404

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Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55404
AreaMinneapolis (MN)
Listing VS Median (in 55404)
Price:
$519,000
low | high
Med:
$265,000
98.940269749518% of Average
SqFt:
3,260
low | high
Med:
780
100% of Average
$ / SqFt:
$159
low | high
Med:
$340
63.403487969962% of Average
On Site:
64
low | high
Med:
18
100% of Average
Listing Updated: 12/05/2019
MLS Number: 5317648
Listing Provided By:
Christopher Bjorling  of  Wits Realty
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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