Coming Soon

3420 40th Ave S, Minneapolis, MN, 55406

$299,900

Home List Price

$3,561*

Closing Credit

2 Bedrooms
1 Full Bath
1,114 SqFt
$269/SqFt
House

Location

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3420 40th Ave S, Minneapolis$299,900

Buyer Closing Credits

$3,561*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Garage Door Opener
Garage2 spaces
Year Built1925
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6648818
Active DateJanuary 18, 2025
StatusComing Soon

About 3420 40th Ave S

This happy home is ready for new adventures! Classic bungalow in the heart of Longfellow's Howe neighborhood. We have 2 bedrooms and 1 bath on the main floor. The lower level features a great flex space currently used as a primary non-conforming bedroom or use it as a spacious family room. There is an egress window. Additional lower room is used as a walk-in closet. There is room to finish more space. Plenty of storage in upper level. Take comfort knowing that many major mechanical systems have been replaced. New roof fall 2024 w/class 4 shingles, new high efficiency furnace and AC 2021, radon mitigation system, drain tiled and newer windows throughout. All this in an extremely walkable area close to parks and restuarants. Welcome home! Showings start Saturday January 18th. Professional photos coming soon.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Living Area: 1,114 SqFt

Listing Office:

  • Office Name: Merck Real Estate Company, LLC

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Freezer, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

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

Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Hiawatha to 35th east to 40th Ave S.

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,900
  • Price Per SqFt: $269/SqFt

Tax Information:

  • Annual Amount: $3,455
  • 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

$350K

Med. Price/SqFt

$202

Avg. Days On Market

40

# of Sold Homes

875

3420 40th Ave S vs Minneapolis

$299,900

-$50.1K Less

$269/SqFt

+$66 More

KEY TAKEAWAY

This property is $50.1K less than the Median Sold Price and $66/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: #6648818

Listing Office:

  • Office Name: Merck Real Estate Company, LLC

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Last updated on: 1/14/2025, 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

Jun 18, 2015Home Sold
$186,500
Feb 11, 2004Home Sold
$171,500

Tax History

YEARPROP. TAXASSESSMENT
2020$3,455$253,000
2019$3,587$228,175
2018$3,252$215,640
2017$2,929$192,750

History based on county public records data.

Payment Calculator

$1,564

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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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-2560943
6
/10

  • Hiawatha Community School - Howe Campus

  • 3733 43rd Ave S

  • 0.47 miles

  • Public District Grades 3-5

school-card-donut-2560944
4
/10

  • Michael Dowling Elementary School

  • 3900 W River Pkwy

  • 0.82 miles

  • Public Magnet Grades KG-5

school-card-donut-2560945
1
/10

  • Anishinabe Academy

  • 3100 E 28th St

  • 0.95 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 $78,592. The majority of Minneapolis, MN residents have income between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3420 40th Ave S

What is the listing price of this property?

The listing price of 3420 40th Ave S property is $299,900.

What type of property is this?

The property 3420 40th Ave S is a house located in Minneapolis, Minnesota, 55406.

Is this property for sale now?

Coming Soon: 3420 40th Ave S is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,455 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 18, 2015 for $186,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3420 40th Ave S has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 3420 40th Ave S is 1,114 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3420 40th Ave S is 1925.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55406›3420 40th Ave S

This home is located at 3420 40th Ave S in Minneapolis, MN and zip code 55406 in the Howe neighborhood. This 1,114 square foot home was built in 1925. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 14, 2025 and is currently priced at $299,900.

In December 2024 more than 289 listings in Minneapolis, MN were sold above the asking price. During the same period more than 179 listings were sold at asking price, while more than 405 were sold below. The inventory of homes for sale in Minneapolis, MN between November 2024 and December 2024 decreased by 11.9%. The median list price of listings available in December 2024 was $350,000, while the average time on the real estate market was 40 days.

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

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