new - 7 days on rocket

2316-2318 Milwaukee Ave, Minneapolis, MN, 55404

$500,000

Home List Price

$5,938*

Closing Credit

0 Baths
2,554 SqFt
$196/SqFt
Multi

Location

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2316-2318 Milwaukee Ave, Minneapolis$500,000

Buyer Closing Credits

$5,938*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAttached Garage
Attached Garage2 spaces
Year Built1900
HeatingForced Air
BasementYes
MLS #6644899
StatusActive

About 2316-2318 Milwaukee Ave

Rare spacious high demand Milwaukee Ave duplex in prime Seward location! Milwaukee Ave is a pedestrian only walking street with common gardens & paths which is on the National Register of Historic Places. Dramatic vaulted 2 story upper level unit w/skylights has a large kitchen w/island. 3rd floor lofted primary owner's suite has a spacious tiled full bathroom w/soaking tub. From the 3rd floor custom designed iron balcony you can enjoy views of the 2nd story dining room & living room w/wood burning stove. 2nd floor library w/built-in bookshelves & full bath w/separate tub & shower. In the main floor unit there are 2 bedrooms, hardwood floors & abundant natural light. Kitchen opens to living/dining area, Large front porch. Enjoy the eclectic character of an artistically renovated duplex on a modern concrete block foundation only a short walk to nearby shops & restaurants. Second floor walks out to large upper private deck w/direct access to unit's 1 1/2 car garage w/storage space above, Additional 1 car garage for main floor unit. Basement level has a partially finished family room, 3/4 bath & den which have great potential for additional future finished square footage. Great opportunity for either rental income or to owner occupy a one of kind property w/additional cash flow.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 2,554 SqFt

Listing Office:

  • Office Name: Edina Realty, Inc.

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached Garage

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Franklin Ave to S on 26th Ave S. R on E 24th St. Park between 23rd and 24th Ave. Walk N on Milwaukee Ave. Home on L.

Price Information

Listing Price Info

Price Summary:

  • List Price: $500,000
  • Price Per SqFt: $196/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

$350K

Med. Price/SqFt

$202

Avg. Days On Market

40

# of Sold Homes

875

2316-2318 Milwaukee Ave vs Minneapolis

7 DAYS ON ROCKET

-33 Days

$500,000

+$150K More

$196/SqFt

-$7 Less

KEY TAKEAWAY

This property is $150K more than the Median Sold Price and $7/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: #6644899

Listing Office:

  • Office Name: Edina Realty, Inc.

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Last updated on: 1/11/2025, 1:22:49 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

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-1916454
2
/10

  • Aurora Charter School

  • 2101 E 26th St

  • 0.31 miles

  • Public Charter Grades PK-4

school-card-donut-1916455
2
/10

  • Minnesota Transitions Charter Elementary School

  • 2526 27th Ave S

  • 0.38 miles

  • Public Charter Grades KG-6

school-card-donut-1916456
1
/10

  • Skyline Math and Science Academy

  • 2600 26th Ave S Ste 100

  • 0.39 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,823. Residents of Minneapolis, MN typically earn less than $35k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55404›2316-2318 Milwaukee Ave

This home is located at 2316-2318 Milwaukee Ave in Minneapolis, MN and zip code 55404 in the Seward neighborhood. This 2,554 square foot home was built in 1900. It has been listed on Rocket Homes since January 03, 2025 and is currently priced at $500,000.

Over 289 listings were sold over their listed price in December 2024 in Minneapolis, MN. In the same period over 405 listings were sold below the listed price and 179 listings were sold for the listed price. The number of homes for sale in Minneapolis, MN decreased by 11.9% between November 2024 and December 2024. The median list price of listings available in December 2024 was $350,000, while the average time on the real estate market was 40 days.

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

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