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2915 N 3rd St, Minneapolis, MN, 55411

4beds
2baths
1,776sqft
$305,000
$172price/sqft
$2,316/moest. monthly cost
$92,640/yrincome needed

About This Home

Exceptional investment opportunity in Minneapolis' growing Hawthorne neighborhood! This well-maintained duplex is ideal for both owner-occupants and investors seeking strong cash flow and long-term appreciation. Major updates completed in 2021-2022 include a new roof, furnace, water heater, walkway, stairs, and retaining wall, providing peace of mind and reduced maintenance costs for years to come. The property is currently generating solid rental income, with Unit 1 rented at $1,250/month and Unit 2 rented at $1,575/month. Located in an area experiencing significant reinvestment and growth, this property is surrounded by new development activity, including a brand-new construction duplex valued at approximately $450,000 being built next door. Additional new construction projects have recently been completed nearby, further enhancing the neighborhood's appeal and future value. Whether you're looking to live in one unit while offsetting your mortgage with rental income or add a stable, income-producing asset to your portfolio, this duplex offers a rare combination of cash flow, updates, and upside potential. Don't miss your chance to own in one of North Minneapolis' emerging neighborhoods!

Getting Around

55
WalkingSomewhat Walkable
47
TransitSome Transit
84
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1906

Materials

  • Construction materials: Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Up and Down

Interior

Appliances

  • Laundry features: In Basement,Common Area

Basement

  • Has basement: Yes
  • Basement: Block

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,776

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 2,555
  • Total interior livable area: 1,776 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 1002924320138
  • Zoning description: Residential-Multi-Family
  • Foundation area: 779

Features

  • Levels: Two

Lot

  • Lot size: 4,356 sqft
  • Lot size dimensions: 28 x 158

Parking

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