1 month on rocket

3016 Portland Ave, Minneapolis, MN, 55407

$549,000

Home List Price

$6,519*

Closing Credit

0 Baths
3,688 SqFt
$149/SqFt
Multi

Location

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3016 Portland Ave, Minneapolis$549,000

Buyer Closing Credits

$6,519*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage2 spaces
Year Built1916
HeatingRadiant
BasementYes
MLS #6607512
StatusActive

About 3016 Portland Ave

Great opportunity to invest in a renovated, centrally located triplex offering classic South Minneapolis charm. Two spacious 3-bedroom units each offer an attractive layout with a sunroom and a dining room with built-in, while the 2-bedroom unit has been completely updated with newer kitchen, bathroom, and refinished hardwood floors throughout. In addition to spacious units, each unit has a dedicated storage unit down stairs and there is a two car garage. Centrally located, walkable to both Midtown Global Market and Powderhorn Park. The location offers unique, easy access to downtown, uptown, and South Minneapolis with the Greenway and main city thoroughfares like Portland & Park Avenue close by. Strong rental history and great investment opportunity.

Property Details

Property Features

Property Information:

  • Year Built: 1916
  • Living Area: 3,688 SqFt

Listing Office:

  • Office Name: Lino Lakes Real Estate Group

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 2 spaces

Utilities

Utilities Information:

  • Heating: Radiant

Other

Directions Information:

  • Directions: South on Portland.

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,000
  • Price Per SqFt: $149/SqFt

Tax Information:

  • Annual Amount: $7,417
  • 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

3016 Portland Ave vs Minneapolis

51 DAYS ON ROCKET

+17 Days

$549,000

+$199.1K More

$149/SqFt

-$53 Less

KEY TAKEAWAY

This property is $199.1K more than the Median Sold Price and $53/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: #6607512

Listing Office:

  • Office Name: Lino Lakes Real Estate Group

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Last updated on: 11/17/2024, 11:52:48 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

Aug 28, 2019Home Sold
$487,000
Oct 24, 2017Home Sold
$325,000
Sep 21, 2005Home Sold
$319,900
Aug 17, 1998Home Sold
$34,500

Tax History

YEARPROP. TAXASSESSMENT
2020$7,417$454,000
2019$6,628$375,000
2018$6,189$341,000
2017$5,630$307,000

History based on county public records data.

Payment Calculator

$2,808

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,712

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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-650359
3
/10

  • Green Central Park Elementary School

  • 3416 4th Ave S

  • 0.55 miles

  • Public District Grades PK-5

school-card-donut-650360
4
/10

  • Lyndale Community School

  • 312 W 34th St

  • 0.88 miles

  • Public District Grades PK-5

school-card-donut-650361
2
/10

  • Whittier International Baccalaureate World School

  • 315 W 26th St

  • 0.94 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 $56,327. Residents of Minneapolis, MN typically earn between $35k-100k each year. Residents typically live in single, no kids family. 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›3016 Portland Ave

This home is located at 3016 Portland Ave in Minneapolis, MN and zip code 55407 in the Powderhorn neighborhood. This 3,688 square foot home was built in 1916. It has been listed on Rocket Homes since September 28, 2024 and is currently priced at $549,000.

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. In October 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $349,843.

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

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