2915 N 3rd St, Minneapolis, MN, 55411
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
Somewhat Walkable
Some Transit
Very BikeableSchools
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
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
- Heat Wave
- Tornado
- Hail
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,542 | $18,504 |
| Home Insurance * | $325 | $3,900 |
| Property Taxes | $279 | $3,348 |
| Electricity | $170 | $2,050 |
| Total | $2,316 | $27,792 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-11 | Listed for sale | $305,000 |
| 2022-10-24 | Sold | $292,000 |
| 2022-10-03 | Pending sale | $300,000 |
| 2022-08-31 | Price change | $300,000 |
| 2022-06-22 | Listed for sale | $310,000 |
| 2021-05-12 | Sold | $255,100 |
| 2018-12-21 | Sold | $215,000 |
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