2 months on rocket

3316 Hennepin Ave, Minneapolis, MN, 55408

$595,000

Home List Price

$7,066*

Closing Credit

0 Baths
2,912 SqFt
$204/SqFt
Multi

Location

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3316 Hennepin Ave, Minneapolis$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDetached
Garage2 spaces
Year Built1921
HeatingSteam
BasementYes
MLS #6608974
StatusActive

About 3316 Hennepin Ave

Exceptional up/down duplex in prime Uptown location at 3316 Hennepin Ave, just blocks from Lake Bde Maka Ska. This spacious property offers two units, each with 3 bedrooms and 1 bathroom, large living and dining rooms. The lower unit features recent upgrades including refinished hardwood floors, fully updated bathroom, fresh paint, and landscaping improvements. Currently vacant, it presents an estimated rental value of $2,400/month. The upper unit is leased at $1,965 /month, providing immediate income. Ideal for owner-occupants or investors seeking a turn-key investment. With its prime location and recent renovations, this property offers excellent potential for appreciation and rental income.

Property Details

Property Features

Property Information:

  • Year Built: 1921
  • Living Area: 2,912 SqFt

Listing Office:

  • Office Name: Rize Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

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

Virtual/3D Tour

  • 3D Tour: 3316 Hennepin Ave
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Utilities

Utilities Information:

  • Heating: Steam

Other

Directions Information:

  • Directions: Hennepin and 33rd Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000
  • Price Per SqFt: $204/SqFt

Tax Information:

  • Annual Amount: $10,008
  • 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

3316 Hennepin Ave vs Minneapolis

79 DAYS ON ROCKET

+46 Days

$595,000

+$245K More

$204/SqFt

+$2 More

KEY TAKEAWAY

This property is $245K more than the Median Sold Price and $2/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6608974

Listing Office:

  • Office Name: Rize Realty

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Last updated on: 12/21/2024, 11:52:49 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

Dec 30, 2004Home Sold
$510,000

Tax History

YEARPROP. TAXASSESSMENT
2020$10,008$587,000
2019$10,798$587,000
2018$10,577$559,000
2017$9,235$503,500

History based on county public records data.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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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-865525
4
/10

  • Lyndale Community School

  • 312 W 34th St

  • 0.73 miles

  • Public District Grades PK-5

school-card-donut-865526
2
/10

  • Whittier International Baccalaureate World School

  • 315 W 26th St

  • 1.12 miles

  • Public Magnet Grades PK-5

school-card-donut-865527
3
/10

  • Green Central Park Elementary School

  • 3416 4th Ave S

  • 1.36 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 $125,852. Typical income of Minneapolis, MN residents is between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55408›3316 Hennepin Ave

This home is located at 3316 Hennepin Ave in Minneapolis, MN and zip code 55408 in the Calhoun-Isles neighborhood. This 2,912 square foot home was built in 1921. It has been listed on Rocket Homes since October 03, 2024 and is currently priced at $595,000.

Minneapolis, MN housing market in November 2024 saw over 283 listings sold above listed price, more than 203 sold at listed price and over 403 sold below. The number of homes for sale in Minneapolis, MN decreased by 6.1% between October 2024 and November 2024. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $349,986.

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

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