7 months on rocket

2523 Newton Ave N, Minneapolis, MN, 55411

$225,000

Home List Price

$2,672*

Closing Credit

0 Baths
1,231 SqFt
$183/SqFt
Multi

Location

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2523 Newton Ave N, Minneapolis$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1900
HeatingBaseboard, Forced Air
BasementYes
MLS #6528507
StatusActive

About 2523 Newton Ave N

TURN-KEY INCOME PROPERTY ON A HUGE LOT IN JORDAN! This property sets on a fully fenced double-wide lot. $30,000 gross annual income. The upper level 1-bedroom is tenant-occupied on a 1-year lease @ $1175/month. The 2-bedroom unit is vacant, so this home is available for owner-occupant buyers! Pay the majority of your mortgage with rental income!

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,231 SqFt

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air

Other

Directions Information:

  • Directions: SW Corner of N 26th Ave and Newton.

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $183/SqFt

Tax Information:

  • Annual Amount: $2,933
  • 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

$349.9K

Med. Price/SqFt

$202

Avg. Days On Market

33

# of Sold Homes

889

2523 Newton Ave N vs Minneapolis

216 DAYS ON ROCKET

+183 Days

$225,000

-$124.9K Less

$183/SqFt

-$19 Less

KEY TAKEAWAY

This property is $124.9K less than the Median Sold Price and $19/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: #6528507

Listing Office:

  • Office Name: eXp Realty

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Last updated on: 12/3/2024, 11:52:47 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

Apr 18, 2017Home Sold
$85,000
Jun 03, 2008Home Sold
$24,000
Feb 02, 2006Home Sold
$172,000
Nov 29, 2005Home Sold
$120,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,933$89,000
2019$1,756$74,000
2018$1,460$64,500
2017$1,288$54,000

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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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-3811536
1
/10

  • Lucy Craft Laney Community School at Cleveland Park

  • 3333 Penn Ave N

  • 0.71 miles

  • Public District Grades PK-5

school-card-donut-3811537
1
/10

  • Nellie Stone Johnson Community School

  • 807 27th Ave N

  • 0.78 miles

  • Public District Grades PK-5

school-card-donut-3811538
1
/10

  • Hall International

  • 1601 Aldrich Ave N

  • 1.04 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 $33,732. The most common annual income of people living in Minneapolis, MN is less than $35k. The majority of families are single, with kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55411›2523 Newton Ave N

This home is located at 2523 Newton Ave N in Minneapolis, MN and zip code 55411 in the Forest Heights neighborhood. This 1,231 square foot home was built in 1900. It has been listed on Rocket Homes since May 01, 2024 and is currently priced at $225,000.

In November 2024, from all listings sold in Minneapolis, MN there were more than 283 sold above asking price, over 403 sold below and more than 203 were sold right at the asked price. Between October 2024 and November 2024, Minneapolis, MN real estate market has seen decrease in the number of listings by 6.1%. While the average time on the market in November 2024 was 33 days, the median list price was $349,986.

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

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