2 months on rocket

3106 Newton Ave N, Minneapolis, MN, 55411

$275,000

Home List Price

$3,266*

Closing Credit

0 Baths
1,558 SqFt
$177/SqFt
Multi

Location

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3106 Newton Ave N, Minneapolis$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDetached, Garage Door Opener
Garage2 spaces
Year Built1914
HeatingSteam
BasementYes
MLS #6606181
StatusActive

About 3106 Newton Ave N

This charming up-down duplex is a fantastic investment opportunity with both units fully rented and generating steady cash flow. Unit 1 features 2 bedrooms, 1 bath, and bright, well-maintained living spaces, with separate entrances and utilities for added convenience and privacy. Unit 2 features 1 bedroom, 1 bath and a large living/dining space. The property also includes ample off-street parking. Whether you're an experienced investor or just starting out, this turnkey property offers a low-maintenance, income-producing opportunity in a great location!

Property Details

Property Features

Property Information:

  • Year Built: 1914
  • Living Area: 1,558 SqFt

Listing Office:

  • Office Name: eXp Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

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

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Steam

Other

Directions Information:

  • Directions: Lowry Ave N to south on Newton Ave N, home on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $177/SqFt

Tax Information:

  • Annual Amount: $4,799
  • 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

3106 Newton Ave N vs Minneapolis

70 DAYS ON ROCKET

+37 Days

$275,000

-$74.9K Less

$177/SqFt

-$25 Less

KEY TAKEAWAY

This property is $74.9K less than the Median Sold Price and $25/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: #6606181

Listing Office:

  • Office Name: eXp Realty

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Last updated on: 12/3/2024, 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

Listing History

May 06, 2020Home Sold
$185,000
Feb 10, 2009Home Sold
$19,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,799$174,500
2019$2,832$134,500
2018$3,775$117,000
2017$4,196$98,500

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

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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-3508093
1
/10

  • Lucy Craft Laney Community School at Cleveland Park

  • 3333 Penn Ave N

  • 0.29 miles

  • Public District Grades PK-5

school-card-donut-3508094
1
/10

  • Nellie Stone Johnson Community School

  • 807 27th Ave N

  • 0.83 miles

  • Public District Grades PK-5

school-card-donut-3508095
1
/10

  • Cityview Community School

  • 3350 N 4th St

  • 1.06 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,844. The majority of Minneapolis, MN residents have income between $35k-100k annually. The majority of families are single, with kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55411›3106 Newton Ave N

This home is located at 3106 Newton Ave N in Minneapolis, MN and zip code 55411 in the Near North neighborhood. This 1,558 square foot home was built in 1914. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $275,000.

While more than 283 listings in Minneapolis, MN in November 2024 were sold above asking price, there were more than 203 listings sold at asking price, and more than 403 were sold below. The number of homes for sale in Minneapolis, MN decreased by 6.1% between October 2024 and November 2024. Listings spent 33 days on the market in November 2024, and had a median list price of $349,986 during the same period.

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

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