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3055 16th Avenue S, Minneapolis, MN 55407

$194,900

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 1 Car Garage
  • Updated 7 days ago
3055 16th Avenue S, Minneapolis, MN 55407 View this property at 3055 16th Avenue S, Minneapolis, MN 55407
3055 16th Avenue S Minneapolis MN 55407

Property Description

Great investment opportunity close to Powderhorn park! Classic south Mpls up/down duplex with 2 bedrooms in each unit. All new flooring and paint throughout!! Separate utilities for each unit, 2 newer forced-air furnaces, newer roof, classic woodwork, laundry hookups for each unit in the basement, large front porch and set on a corner lot. High demand rental area close to transit lines.

Full Property Details for 3055 16th Avenue S

  • Price: $194,900
  • Taxes: $3,244 (2016)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 4780189
  • Updated: 12/1/2016
  • Added: 9 day(s) ago

Property History

  • 3055 16th Avenue S, Minneapolis, MN
  • Listed at $194,900 on 11/24/16

Additional Information

  • Shared Amenities: Porch

Exterior

  • Exterior Features: Wood

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Garage Description: Detached Garage

Location

  • County: Hennepin
  • Neighborhood: Powderhorn Park
  • Driving Directions: Lake street to 16th Ave south to property

School Information

  • School District: 1 - Minneapolis

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Architectural Style: More than Two Stories
  • Construction Status: Previously Owned
  • Exterior Const.: Wood
  • Basement: Yes
  • Basement Desc.: Full, Unfinished
  • Foundation Size: 910
  • Roof: Asphalt Shingles, Age 8 Years or Less
  • Stories/Levels: 3+
  • Square Feet: 2,010
  • Above Ground: 2,010 Sq. Ft.
  • Year Built: 1887

Unit Information

  • Units w/Refrigerators: 2
  • Units w/Range/Oven: 2

Unit 1

  • Number of Units: 1
  • Finished Square Feet: 990
  • Total Bathrooms: 1
  • Bathroom Features: Main Floor Full Bath
  • Bedroom 1: 15 x 13, Main (Ground)
  • Bedroom 2: 11 x 9, Main (Ground)
  • Living Room: 15 x 13, Main (Ground)
  • Kitchen: 15 x 12, Main (Ground)

Unit 2

  • Number of Units: 1
  • Finished Square Feet: 1,000
  • Total Bathrooms: 1
  • Bedroom 1: 15 x 13, Upper
  • Bedroom 2: 12 x 10, Upper
  • Living Room: 15 x 13, Upper
  • Kitchen: 15 x 12, Upper

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Dimensions: 41 x 122
  • Development Status: Previously Owned
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot

Financial Considerations

  • Tax w/Assessment: $3,699
  • Tax Amount: $3,244
  • Tax Year: 2016
  • Terms: FHA, DVA, Conventional, Cash
  • Owner Pays: Taxes, Insurance, Water/Sewer, Maintenance/Repair, Trash
  • Tenant Pays: Electric, Fuel

Disclosures and Reports

  • Legal Description: LOT 018 BLOCK 002 POWDER HORN PARK ADDN TO MPLS
  • Property ID: 202824110146

Listed by Engel & Volkers Minneapolis Downtown

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Estimate the Cost

3055 16th Avenue S will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

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3055 16th Avenue S, Minneapolis, MN 55407 (MLS# 4780189) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 3055 16th Avenue S is currently listed for $194,900 and was received on November 30, 2016. Want to learn more about 3055 16th Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

Listed by Engel & Volkers Minneapolis Downtown

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