2 months on rocket

1079 16th Ave SE, Minneapolis, MN, 55414

$400,000

Home List Price

$4,750*

Closing Credit

0 Baths
2,561 SqFt
$156/SqFt
Multi

Location

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1079 16th Ave SE, Minneapolis$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDetached
Garage1 space
Year Built1900
HeatingHot Water
BasementYes
MLS #6604083
StatusActive

About 1079 16th Ave SE

Welcome to this nicely updated Como duplex. Upper 3+ office unit with great new kitchen with butcher block counters, stainless appliances, and tile backsplash, and sweet new bathroom with tile shower and laundry hookup. Lower level unit with 3 beds, large kitchen, and additional finished space in the lower level. Building has a brand new roof and new siding, and new water heater. Set on an almost double lot with off street parking area and storage garage. Excellent long term investment opportunity in U of M adjacent Como neighborhood.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 2,561 SqFt

Listing Office:

  • Office Name: Northeast Real Estate Group

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached

Lot Features

Lot Information:

  • Lot: Irregular Lot

Utilities

Utilities Information:

  • Heating: Hot Water

Other

Directions Information:

  • Directions: 35W TO STINSON. SO ON E HENNEPINTO 16TH AVE SE.

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000
  • Price Per SqFt: $156/SqFt

Tax Information:

  • Annual Amount: $6,379
  • 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

1079 16th Ave SE vs Minneapolis

63 DAYS ON ROCKET

+29 Days

$400,000

+$50.1K More

$156/SqFt

-$46 Less

KEY TAKEAWAY

This property is $50.1K more than the Median Sold Price and $46/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: #6604083

Listing Office:

  • Office Name: Northeast Real Estate Group

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Last updated on: 11/21/2024, 9:22:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 21, 2020Home Sold
$339,900

Tax History

YEARPROP. TAXASSESSMENT
2020$6,379$390,500
2019$6,699$379,000
2018$6,252$344,500
2017$5,400$294,500

History based on county public records data.

Payment Calculator

$2,064

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

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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.

Nearby Schools

school-card-donut-245455
3
/10

  • Webster Community School

  • 425 5th St NE

  • 1.32 miles

  • Public District Grades PK-5

school-card-donut-245456
2
/10

  • Pillsbury Community School

  • 2250 Garfield St NE

  • 1.44 miles

  • Public District Grades PK-5

school-card-donut-245457
4
/10

  • Pratt Community School

  • 66 Malcolm Ave SE

  • 1.66 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,756. Most Minneapolis, MN residents have annual incomes less than $35k. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55414›1079 16th Ave SE

This home is located at 1079 16th Ave SE in Minneapolis, MN and zip code 55414 in the Como (Minneapolis) neighborhood. This 2,561 square foot home was built in 1900. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $400,000.

In October 2024 more than 356 listings in Minneapolis, MN were sold above the asking price. During the same period more than 223 listings were sold at asking price, while more than 399 were sold below. In October 2024 in Minneapolis, MN there were 9.3% more homes for sale than in September 2024. While the average time on the market in October 2024 was 34 days, the median list price was $349,843.

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

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