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3501 40th Ave S, Minneapolis, MN, 55406

$275,000

Home List Price

$3,266*

Closing Credit

2 Bedrooms
1 Full Bath
1,089 SqFt
$253/SqFt
House

Location

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3501 40th Ave S, Minneapolis$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Concrete
Garage1 space
Year Built1926
HeatingForced Air
CoolingCentral Air
BasementYes
MLS #6632212
StatusActive

About 3501 40th Ave S

Welcome to this charming South Mpls home, ready for its next owner to make it their own! The main level features a 4 season porch style front entrance, inviting living room with lots of natural light, kitchen/dining room combo, a bedroom and full bath with a unique use of space and its own walk in closet/storage area. Upstairs you'll find a great primary bedroom with vaulted ceiling, lots of windows and large closet area, plus a bonus room with endless possibilities! The lower level houses a dedicated laundry room and multiple bonus spaces to finish as you see fit. MANY of the big ticket items have been updated. Seller has recently installed drain tile, sealed the basement walls, new HVAC, fridge and dishwasher, and sealed the deck. New roof 07/19/2024 and new siding November 2024. Original hardwood floors throughout the main and upper levels are also hiding under fresh carpeting! Outside you'll find a storage room which formerly housed a hot tub, an amazing deck to entertain and a fenced yard. This corner lot also includes a single car garage with a driveway for off street parking. Close to Longfellow Park & Rec Center, food, schools and more!

Property Details

Property Features

Property Information:

  • Year Built: 1926
  • Living Area: 1,089 SqFt

Listing Office:

  • Office Name: Realty Group, LLC

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Gas Water Heater, Range, Refrigerator, Washer
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached, Concrete

Lot Features

Lot Information:

  • Lot: Corner Lot

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: 55/Hiawatha Ave to E 35th St. East to 40th Ave S. Home on corner on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $253/SqFt

Tax Information:

  • Annual Amount: $3,470
  • 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

3501 40th Ave S vs Minneapolis

32 DAYS ON ROCKET

-1 Day

$275,000

-$74.9K Less

$253/SqFt

+$51 More

KEY TAKEAWAY

This property is $74.9K less than the Median Sold Price and $51/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: #6632212

Listing Office:

  • Office Name: Realty Group, LLC

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Last updated on: 12/22/2024, 9:22:49 AM 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 16, 2014Home Sold
$165,900
Sep 27, 2006Home Sold
$197,500
May 19, 1999Home Sold
$102,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,470$252,000
2019$3,492$219,455
2018$3,309$219,455
2017$2,976$196,020

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-941185
6
/10

  • Hiawatha Community School - Howe Campus

  • 3733 43rd Ave S

  • 0.37 miles

  • Public District Grades 3-5

school-card-donut-941186
4
/10

  • Michael Dowling Elementary School

  • 3900 W River Pkwy

  • 0.73 miles

  • Public Magnet Grades KG-5

school-card-donut-941187
1
/10

  • Anishinabe Academy

  • 3100 E 28th St

  • 1.05 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 $59,286. Residents of Minneapolis, MN typically earn between $35k-100k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3501 40th Ave S

What is the listing price of this property?

The listing price of 3501 40th Ave S property is $275,000.

What type of property is this?

The property 3501 40th Ave S is a house located in Minneapolis, Minnesota, 55406.

Is this property for sale now?

Active Listing: 3501 40th Ave S is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,470 (source: MLS/based on county public records data).

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

The last sale was on July 16, 2014 for $165,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 3501 40th Ave S has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 3501 40th Ave S is 1,089 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3501 40th Ave S is 1926.

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55406›3501 40th Ave S

This home is located at 3501 40th Ave S in Minneapolis, MN and zip code 55406 in the Howe neighborhood. This 1,089 square foot home was built in 1926. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $275,000.

In November 2024 more than 283 listings in Minneapolis, MN were sold above the asking price. During the same period more than 203 listings were sold at asking price, while more than 403 were sold below. The number of listings in Minneapolis, MN decreased by 6.1% between October 2024 and November 2024. The median list price of listings available in November 2024 was $349,986, while the average time on the real estate market was 33 days.

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

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