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233 Groveland Ave, Minneapolis, MN, 55403

3beds
2baths
2,856sqft
$389,000
$136price/sqft
$2,875/moest. monthly cost
$115,000/yrincome needed

About This Home

Discover an exceptional property that blends flexibility and function. Originally a single-family home, this building was converted in 2000 to house six offices and two waiting rooms, offering a prime setup for a business seeking turnkey space. With smart zoning that permits live/work use or even a reversion back to a single-family residence, this property gives you multiple pathways. The interior has been maintained with well-laid-out offices, shared areas optimized for flow, and an efficient floor plan throughout. Enjoy sweeping downtown views and step out back to a beautifully executed stamped concrete patio and mature gardens for a calm outdoor retreat. The lower level holds an updated kitchen and full bath, while the main floor includes a convenient half bath. Upstairs, skylights flood the building with natural light. Mechanicals have been updated with a newer roof, furnace, and A/C, giving peace of mind and improved efficiency. Whether you’re building your business, combining work and home, or converting back to a residence, this versatile property is ready. Schedule a showing today and explore all the possibilities!

Getting Around

90
WalkingVery Walkable
68
TransitGood Transit
78
BikeVery Bikeable

Schools

6/10
3/10
North Academy Senior HighGrades 9-122.2 mi

Construction

Condition

  • Year built: 1928

Materials

  • Roof: Age 8 Years or Less

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Dishwasher,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Egress Window(s),Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 1,428
  • Finished area above ground: 1,428

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,320
  • Total interior livable area: 2,856 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 2702924340039
  • Zoning description: Residential-Single Family
  • Foundation area: 714

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Patio

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 50 x 50 x 50 x 60

Parking

  • Total spaces: 1
  • Parking features: Tuckunder Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Heat Wave
    Heat WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Hail
Strong Wind
Winter Weather

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,966$23,592
Home Insurance *$313$3,756
Property Taxes $356$4,272
Electricity $240$2,890
Total$2,875$34,500
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$98,571/yr
40% on housing$86,250/yr
45% on housing$76,666/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$136This listing

vs Other Active Listings

Avg $/sqft

ZIP 55403$204
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55403$196
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-06Price change$379,900
2026-06-14Price change$389,000
2026-04-04Price change$399,999
2026-03-18Listed for sale$425,000
2022-12-30Sold$404,674
2022-10-21Pending sale$399,000
2022-10-17Listing removed--
2022-09-11Price change$399,000
2022-07-31Listed for sale$425,000
2000-03-23Sold$222,500
1999-07-08Sold$112,500
1999-05-10Sold$47,900

For Sale by Agent

AgentSteven D Leth
BrokerageeXp Realty

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