10 days on rocket

1010 23rd Ave NE, Minneapolis, MN, 55418

$525,000

Home List Price

$6,234*

Closing Credit

0 Baths
3,468 SqFt
$151/SqFt
Multi

Location

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1010 23rd Ave NE, Minneapolis$525,000

Buyer Closing Credits

$6,234*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1900
HeatingHot Water
BasementYes
MLS #6622707
StatusActive

About 1010 23rd Ave NE

Now offered for sale in one of the most desirable rental neighborhoods of Minneapolis, this 4-plex offers owner occupants or investors a chance to add a prime location to their rental portfolio. All units have “no winter move-out notice” stipulations through February 2025, so investors or owner occupants alike won’t have to worry about finding new tenants in the middle of winter. 3/4 Units are currently MTM. Many mechanical updates have been completed by the owner investing thousands in a high-efficiency boiler, water heater, electrical, and plumbing which reduces the chance of a big expense in the first few years for the new owner. Unit 3 is a large 2-bed unit which is split into 2 floors! Lots of living space demands a higher monthly rent or a great option for the work-from-home owner occupant investor. Large parking lot out back where a garage used to be gives tenants plenty of space to park, or space to create a private backyard patio. Please allow for 24-36 hour notice for showings with full occupancy. This one will go quick, so come check it out today!

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 3,468 SqFt

Listing Office:

  • Office Name: MRG Realty Partners, LLC

Interior Features

Interior Information:

  • Basement: Yes

Utilities

Utilities Information:

  • Heating: Hot Water

School Info

Assigned Schools Information:

  • Edison High School, Public District Grades 9-12
  • Northeast Middle School, Public Magnet Grades 6-8
  • Pillsbury Community School, Public Magnet Grades PK-5

Other

Directions Information:

  • Directions: Central Ave NE, go east on 23rd Ave NE, the property is on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $525,000
  • Price Per SqFt: $151/SqFt

Tax Information:

  • Annual Amount: $6,657
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

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Minneapolis, MN

City

Med. Sold Price

$349.8K

Med. Price/SqFt

$202

Avg. Days On Market

34

# of Sold Homes

978

1010 23rd Ave NE vs Minneapolis

10 DAYS ON ROCKET

-24 Days

$525,000

+$175.1K More

$151/SqFt

-$51 Less

KEY TAKEAWAY

This property is $175.1K more than the Median Sold Price and $51/SqFt less than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6622707

Listing Office:

  • Office Name: MRG Realty Partners, LLC

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Last updated on: 11/5/2024, 5:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$6,657$407,500
2019$6,548$370,500
2018$6,008$331,000
2017$5,923$323,000

History based on county public records data.

Payment Calculator

$2,688

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,640

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-59826
2
/10

  • Pillsbury Community School

  • 2250 Garfield St NE

  • 0.53 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-59827
2
/10

  • Northeast Middle School

  • 2955 Hayes St NE

  • 0.94 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-59828
3
/10

  • Edison High School

  • 700 22nd Ave NE

  • 0.35 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,500. Residents of Minneapolis, MN typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55418›1010 23rd Ave NE

This home is located at 1010 23rd Ave NE in Minneapolis, MN and zip code 55418 in the Windom Park neighborhood. This 3,468 square foot home was built in 1900. It has been listed on Rocket Homes since October 26, 2024 and is currently priced at $525,000.

While more than 356 listings in Minneapolis, MN in October 2024 were sold above asking price, there were more than 223 listings sold at asking price, and more than 399 were sold below. The inventory of homes for sale in Minneapolis, MN between September 2024 and October 2024 increased by 9.3%. In October 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $349,843.

From Rocket Homes Real Estate and based on county public records data.

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