2 months on rocket

3304 Longfellow Ave, Minneapolis, MN, 55407

$538,000

Home List Price

$6,389*

Closing Credit

0 Baths
2,748 SqFt
$196/SqFt
Multi

Location

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3304 Longfellow Ave, Minneapolis$538,000

Buyer Closing Credits

$6,389*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDetached, Gravel
Garage2 spaces
Year Built1909
HeatingBaseboard, Steam, Hot Water, Radiant
BasementYes
MLS #6578340
StatusActive

About 3304 Longfellow Ave

ENTREPRENEUR OPPORTUNITY... build equity while having tenants pay for the mortgage! Cash flowing triplex with options...well maintained, with roof, gutters, boiler and windows all less than 8 years old. Old-world charm fills the main floor 1-bedroom unit, with a front porch, high ceilings, original hardwood floors, oak trim, stained glass and built-in buffet. (Currently owner-occupied, but could be rental.) Upper two levels are currently an Air BnB 3-bedroom rental, rented about 85% of the time for the past 5 years. (Could also be full-time lease.) Basement level has laundry and a good 2-year tenant who wants to stay. Also good for multi-generational living. Hard to find 2-car garage and fully fenced, private back yard that invites you to stay... great for pets, kids, or just relaxing. Convenient location near bus, light rail, parks, restaurants including Matt’s Bar - home of the original Jucy Lucy. This great Corcoran Neighborhood triplex has easy access to the airport, a 'Very Walkable' Walk Score of 71 and a 'Biker’s Paradise' Bike Score of 98... great investment for rental or convenient living! Don't let this great opportunity pass you by! More info in SUPPLEMENTS

Property Details

Property Features

Property Information:

  • Year Built: 1909
  • Living Area: 2,748 SqFt

Listing Office:

  • Office Name: RE/MAX Results

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Gravel

Lot Features

Lot Information:

  • Lot: Some Trees

Utilities

Utilities Information:

  • Heating: Baseboard, Steam, Hot Water, Radiant

School Info

Assigned Schools Information:

  • South High School, Public District Grades 9-12

Other

Directions Information:

  • Directions: Cedar to 35th, east to Longfellow, north to property

Price Information

Listing Price Info

Price Summary:

  • List Price: $538,000
  • Price Per SqFt: $196/SqFt

Tax Information:

  • Annual Amount: $3,130
  • 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

$348.4K

Med. Price/SqFt

$202

Avg. Days On Market

28

# of Sold Homes

927

3304 Longfellow Ave vs Minneapolis

76 DAYS ON ROCKET

+48 Days

$538,000

+$189.5K More

$196/SqFt

-$6 Less

KEY TAKEAWAY

This property is $189.5K more than the Median Sold Price and $6/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: #6578340

Listing Office:

  • Office Name: RE/MAX Results

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Last updated on: 10/18/2024, 12:52:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,130$247,000
2019$3,069$209,645
2018$2,835$187,300
2017$2,464$157,870

History based on county public records data.

Payment Calculator

$2,753

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,679

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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.

High School

school-card-donut-688569
5
/10

  • South High School

  • 3131 19th Ave S

  • 0.24 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $50,615. Typical income of Minneapolis, MN residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55407›3304 Longfellow Ave

This home is located at 3304 Longfellow Ave in Minneapolis, MN and zip code 55407 in the Powderhorn neighborhood. This 2,748 square foot home was built in 1909. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $538,000.

Over 378 listings were sold over their listed price in September 2024 in Minneapolis, MN. In the same period over 336 listings were sold below the listed price and 213 listings were sold for the listed price. The number of homes for sale in Minneapolis, MN increased by 7.4% between August 2024 and September 2024. The median list price of listings available in September 2024 was $348,456, while the average time on the real estate market was 28 days.

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

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