2 years on rocket

1707 31st St, Minneapolis, MN, 55407

$499,000

Home List Price

$5,926*

Closing Credit

0 Baths
2,870 SqFt
$174/SqFt
Multi

Location

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1707 31st St, Minneapolis$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDetached, Concrete, Garage Door Opener, Electric
Garage2 spaces
Year Built2019
HeatingForced Air
BasementYes
MLS #6198400
StatusActive

About 1707 31st St

INVESTOR'S DREAM: 8 Bedrooms, 3 Baths, 2 Car Garage - Upper-Level rents $1,400.00 a month, First Level and bonus Lower Level with two bedrooms combined is $2,600.00 for a total monthly income of $4,000.00. Newly built in 2019 from Architectual drawing plans with updated materials, two furnaces, one in lower level for basement and first floor, 2nd furnace is in the upper level. Tankless hot water system. Draw title surrounding base of home with sump pump! Plus, it has a two-car garage! Fully rented by tenants on a month-to-month basis. Outstanding location in a family neighborhood close to shopping and freeway access! This is a must see for serious investors!

Property Details

Property Features

Property Information:

  • Year Built: 2019
  • Living Area: 2,870 SqFt

Listing Office:

  • Office Name: Lakes Area Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Concrete, Garage Door Opener, Electric

Lot Features

Lot Information:

  • Lot: Irregular Lot, Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Lyndale to 31st Street go east to 17th Ave S, home will be on the right. Cedar to 31st Street go west to home on left!

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000
  • Price Per SqFt: $174/SqFt
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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

$349.9K

Med. Price/SqFt

$202

Avg. Days On Market

33

# of Sold Homes

889

1707 31st St vs Minneapolis

944 DAYS ON ROCKET

+911 Days

$499,000

+$149K More

$174/SqFt

-$28 Less

KEY TAKEAWAY

This property is $149K more than the Median Sold Price and $28/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: #6198400

Listing Office:

  • Office Name: Lakes Area Realty

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Last updated on: 12/22/2024, 7:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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NMLS#3030

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-1058034
2
/10

  • Aurora Charter School

  • 2101 E 26th St

  • 0.71 miles

  • Public Charter Grades PK-4

school-card-donut-1058035
1
/10

  • Skyline Math and Science Academy

  • 2600 26th Ave S Ste 100

  • 0.91 miles

  • Public Charter Grades KG-6

school-card-donut-1058036
4
/10

  • Bancroft Elementary School

  • 3829 13th Ave S

  • 0.92 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,583. Most Minneapolis, MN residents have annual incomes between $35k-100k. Typical family type 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›55407›1707 31st St

This home is located at 1707 31st St in Minneapolis, MN and zip code 55407 in the Powderhorn neighborhood. This 2,870 square foot home was built in 2019. It has been listed on Rocket Homes since May 23, 2022 and is currently priced at $499,000.

In November 2024 more than 283 listings in Minneapolis, MN were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 403 were sold below. In November 2024 in Minneapolis, MN there were 6.1% less homes for sale than in October 2024. In November 2024 median list price was $349,986 and the average listing age was 33 days.

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

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