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2841 36th Ave S, Minneapolis, MN, 55406

4beds
3baths
1,648sqft
$399,000
$242price/sqft
$2,978/moest. monthly cost
$119,120/yrincome needed

About This Home

Step inside and you can feel the difference. This duplex was owner occupied for years, and it shows in the details, from the refinished hardwood floors underfoot to the freshly painted walls and light filled rooms. Nothing here feels tired or overlooked. It feels cared for, the kind of place where you can unpack your boxes and actually settle in. The kitchens have been remodeled with new countertops, appliances, and dishwashers, and the basement bedrooms offer flexible space for a home office, guest room, or extra storage. Beyond the lifestyle, this duplex offers something increasingly rare: a real path toward financial freedom. Living in one unit while renting the other lets you offset your mortgage with rental income, often reducing your housing cost far below what a comparable single family home would run. Over time, that tenant paid equity builds real wealth, all while you enjoy a beautifully updated home.

Getting Around

82
WalkingVery Walkable
45
TransitSome Transit
98
BikeBiker's Paradise

Schools

1/10
Anishinabe AcademyGrades PK-50.3 mi
--
Andersen CommunityGrades PK-81.9 mi
6/10
South Senior High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1926

Materials

  • Roof: Asphalt

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Side by Side

Interior

Appliances

  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3

Features

  • Finished area below ground: 400
  • Finished area above ground: 1,248

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,496
  • Total interior livable area: 1,648 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 3102923340047
  • Zoning description: Residential-Multi-Family
  • Foundation area: 1248

Features

  • Levels: One
  • Pool features: None
  • Patio & porch: Porch
  • Fencing: None

Lot

  • Lot size: 5,227 sqft
  • Features: Tree Coverage - Medium
  • Lot size dimensions: 40 x 128.22

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
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Hail
Heat Wave
Strong Wind
Tornado
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 $2,017$24,204
Home Insurance *$240$2,880
Property Taxes $551$6,612
Electricity $170$2,050
Total$2,978$35,736
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$102,102/yr
40% on housing$89,340/yr
45% on housing$79,413/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

$242This listing

vs Other Active Listings

Avg $/sqft

ZIP 55406$163
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55406$247
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)

No zestimate history available

Price History

DateEventPrice
2026-08-18Pending sale$399,000
2026-07-30Listed for sale$399,000
2020-07-16Sold$325,000
2020-06-19Pending sale$329,900
2020-05-26Price change$329,900
2020-05-15Price change$339,900
2020-05-02Listed for sale$349,900
2006-05-09Sold$200,000

For Sale by Agent

AgentEric J Eickhof
BrokerageJason Mitchell Group

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