18 days on rocket

1318 5th St NE, Minneapolis, MN, 55413

$350,000

Home List Price

$4,156*

Closing Credit

0 Baths
1,516 SqFt
$231/SqFt
Multi

Location

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1318 5th St NE, Minneapolis$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingNone
Year Built1900
HeatingForced Air
BasementYes
MLS #6619951
StatusActive

About 1318 5th St NE

Gorgeous, renovated duplex located in the heart of the NE Arts District, surrounded by restaurants, parks, shops, cafes, and more! Both units have been elegantly remodeled with new kitchens and baths, including stunning wood floors. Upgraded windows, steel siding and the roof was replaced in 2023. The upstairs unit features one bedroom, an updated kitchen and bathroom, a large closet, and a small room perfect for an office. The kitchen includes a gas range, a dishwasher drawer, and a large island. This unit rents for $1,315 The main floor unit, originally with two bedrooms, has been converted to one bedroom but can easily be restored to a two-bedroom layout. It boasts a spacious, updated kitchen and bath, with hardwood floors and tile in the bathrooms and kitchen. This unit rents for $1,577 The property also includes a large fenced-in lot with ample room for an ADU, garage, or off-street parking. Additionally, the roof was replaced in 2022! This home is perfect for an owner-occupier or an investor looking to maximize rental income.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,516 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Irregular Lot

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: Broadway Street, north to 5th Street NE, home on West side

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $231/SqFt

Tax Information:

  • Annual Amount: $4,852
  • 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

1318 5th St NE vs Minneapolis

18 DAYS ON ROCKET

-16 Days

$350,000

+$156 More

$231/SqFt

+$29 More

KEY TAKEAWAY

This property is $156 more than the Median Sold Price and $29/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6619951

Listing Office:

  • Office Name: Coldwell Banker Realty

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 8:22:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 20, 2018Home Sold
$323,500
Mar 11, 2016Home Sold
$222,000
Jun 27, 2005Home Sold
$202,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,852$297,000
2019$4,913$278,000
2018$2,939$194,385
2017$2,612$171,495

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

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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.

Middle School

school-card-donut-56451
2
/10

  • Northeast Middle School

  • 2955 Hayes St NE

  • 1.91 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-56452
3
/10

  • Edison High School

  • 700 22nd Ave NE

  • 0.70 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 $50,699. The majority of Minneapolis, MN residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55413›1318 5th St NE

This home is located at 1318 5th St NE in Minneapolis, MN and zip code 55413 in the Sheridan neighborhood. This 1,516 square foot home was built in 1900. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $350,000.

Minneapolis, MN housing market in October 2024 saw over 356 listings sold above listed price, more than 223 sold at listed price and over 399 sold below. The number of homes for sale in Minneapolis, MN increased by 9.3% between September 2024 and October 2024. Listings spent 34 days on the market in October 2024, and had a median list price of $349,843 during the same period.

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

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