4 months on rocket

3108 Oakland Ave, Minneapolis, MN, 55407

$475,000

Home List Price

$5,641*

Closing Credit

0 Baths
3,888 SqFt
$122/SqFt
Multi

Location

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3108 Oakland Ave, Minneapolis$475,000

Buyer Closing Credits

$5,641*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingConcrete
Year Built1900
HeatingForced Air
BasementYes
MLS #6559720
StatusActive

About 3108 Oakland Ave

Charming 4-Plex just blocks from Powderhorn Park! Conveniently located near the hospital, with shopping just minutes away. Enjoy easy access to 35W for stress-free commuting. Unit 4 handles lawn care and snow removal for $100/month. Long-term tenants (up to 16 years!) have been excellent renters, adding stability to this investment. All four leases have been renewed on July 1, 2024, for 1-year terms. Repairs/Maintenance were higher in 2023 than previous years, See Supplements! Don't miss this fantastic opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 3,888 SqFt

Listing Office:

  • Office Name: RE/MAX Results

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Concrete

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: 35W North to Exit 15 (31st St. to Lake St.) to East 31st St. to Oakland Avenue. Property on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $475,000
  • Price Per SqFt: $122/SqFt

Tax Information:

  • Annual Amount: $7,196
  • 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

3108 Oakland Ave vs Minneapolis

128 DAYS ON ROCKET

+94 Days

$475,000

+$125.1K More

$122/SqFt

-$80 Less

KEY TAKEAWAY

This property is $125.1K more than the Median Sold Price and $80/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: #6559720

Listing Office:

  • Office Name: RE/MAX Results

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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

Jul 30, 2021Home Sold
$505,000
Jul 30, 2021Home Sold
$460,000
Nov 12, 2004Home Sold
$385,000
Jul 22, 2002Home Sold
$370,800
Apr 18, 2002Home Sold
$250,000
Sep 17, 2001Home Sold
$285,000
Jul 02, 1998Home Sold
$250,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,196$440,000
2019$7,354$400,000
2018$7,217$381,500
2017$6,233$323,500

History based on county public records data.

Payment Calculator

$2,438

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,491

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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-647776
3
/10

  • Green Central Park Elementary School

  • 3416 4th Ave S

  • 0.47 miles

  • Public District Grades PK-5

school-card-donut-647777
4
/10

  • Lyndale Community School

  • 312 W 34th St

  • 0.88 miles

  • Public District Grades PK-5

school-card-donut-647778
4
/10

  • Bancroft Elementary School

  • 3829 13th Ave S

  • 1.01 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. Most Minneapolis, MN residents have annual incomes between $35k-100k. Typical family type is 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›55407›3108 Oakland Ave

This home is located at 3108 Oakland Ave in Minneapolis, MN and zip code 55407 in the Powderhorn neighborhood. This 3,888 square foot home was built in 1900. It has been listed on Rocket Homes since July 12, 2024 and is currently priced at $475,000.

In October 2024, from all listings sold in Minneapolis, MN there were more than 356 sold above asking price, over 399 sold below and more than 223 were sold right at the asked price. The number of homes for sale in Minneapolis, MN increased by 9.3% between September 2024 and October 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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