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1111 3rd Ave S, Wheaton, MN, 56296

3beds
2baths
1,200sqft
$20,000
$17price/sqft
$324/moest. monthly cost
$12,960/yrincome needed

About This Home

Affordable handyman special on a generous city lot on Wheaton's North side. This classic two-story offerS big potential-bring your vision and build equity. Main level highlights: One bedroom for convenient single-level living, full bath, spacious kitchen area ready for a refresh, sunny front porch for morning coffee or mudroom conversion Upper level: Two additional bedrooms, second full bathroom-rare at this price point! Outside, enjoy a large city lot perfect for a garden, or outdoor entertaining. Excellent location close to schools, parks, and town amenities. With some TLC, this could be a charming home or solid investment. Sold as-is-opportunity knocks on the North side of Wheaton!

Getting Around

40
WalkingCar-Dependent
0
TransitVery Limited Transit
43
BikeSomewhat Bikeable

Schools

6/10
Pearson Elementary SchoolGrades PK-50.6 mi
7/10
Wheaton SecondaryGrades 6-120.3 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Asphalt
  • Construction materials: Asbestos Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Refrigerator

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Full,Garage,Unfinished

Bedrooms & Bathrooms

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

Features

  • Flooring: Carpet,Vinyl
  • Finished area above ground: 704

Heating

  • Heating features: None

Interior Area

  • Total structure area: 704
  • Total interior livable area: 1,200 sqft

Property

Details

  • Parcel number: 0803000.0000000008.000
  • Lease amount: 0

Features

  • Stories: 2

Lot

  • Lot size: 0.34 Acres
  • Features: Corner

Parking

  • Total spaces: 1
  • Parking features: Attached
  • 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 WaveVery High
  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather
Hail
Inland Flooding
Lightning
Tornado

FEMA Declared Disasters in Traverse 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 $101$1,212
Home Insurance *$42$504
Property Taxes $11$132
Electricity $170$2,050
Total$324$3,888
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$11,108/yr
40% on housing$9,720/yr
45% on housing$8,640/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: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.1%
2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$17This listing

vs Other Active Listings

Avg $/sqft

ZIP 56296$145
Traverse County$157

vs Homes Sold Last Month

Median $/sqft

ZIP 56296
Traverse County$69

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)

No zestimate history available

Price History

DateEventPrice
2026-07-14Price change$20,000
2026-06-05Listed for sale$30,000
2026-02-13Listing removed$40,000
2025-12-15Price change$40,000
2025-11-24Listed for sale$47,500

For Sale by Agent

AgentValorie Hoffman
BrokerageStrong Realty

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