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3042 15th Ave S, Minneapolis, MN, 55407

4beds
2baths
2,584sqft
$224,900
$87price/sqft
$1,713/moest. monthly cost
$68,520/yrincome needed

About This Home

Opportunity for equity building potential in a spacious house with double wide lot with an attached art/music studio/additional family room and what used to be the attached 2 car garage. New kitchen, refinished hardwood floors that may need some work again, exterior painted, etc. Likely needs boiler replacement, plumbing replacement, electrical work, etc. Detached garage currently on the alley. Cash/hard money/private funding only for fast closing.

Getting Around

89
WalkingVery Walkable
60
TransitGood Transit
97
BikeBiker's Paradise

Schools

--
Andersen CommunityGrades PK-80.5 mi
6/10
South Senior High SchoolGrades 9-120.5 mi
6/10

Construction

Condition

  • Year built: 1908

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedroom

  • Level: Upper
  • Area: 132
  • Dimensions: 12x11

Bedroom2

  • Level: Upper
  • Area: 132
  • Dimensions: 12x11

Bedroom3

  • Level: Upper
  • Area: 132
  • Dimensions: 12x11

Bedroom4

  • Level: Upper
  • Area: 132
  • Dimensions: 12x11

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 728
  • Finished area above ground: 1,892

Heating & Cooling

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

Interior Area

  • Total structure area: 2,584
  • Total interior livable area: 2,584 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0202824120273
  • Zoning description: Residential-Single Family
  • Foundation area: 1310

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck

Lot

  • Lot size: 6,969 sqft
  • Lot size dimensions: 127 x 56

Parking

  • Total spaces: 2
  • Parking features: Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado
Hail
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 $1,137$13,644
Home Insurance *$153$1,836
Property Taxes $206$2,472
Electricity $217$2,615
Total$1,713$20,556
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,731/yr
40% on housing$51,390/yr
45% on housing$45,680/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

$87This listing

vs Other Active Listings

Avg $/sqft

ZIP 55407$129
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55407$218
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
2026-05-08Listed for sale$234,900
2026-04-17Listing removed$249,900
2025-10-15Price change$249,900
2025-10-11Price change$264,900
2025-09-22Listed for sale$274,900
2021-03-01Listing removed--
2021-02-12Listed for sale$299,900
2021-01-01Sold$185,000

For Sale by Agent

AgentElizabeth Sibet
BrokerageeXp Realty

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