5 months on rocket

509 6th St SE, Minneapolis, MN, 55414

$699,995

Home List Price

$8,312*

Closing Credit

0 Baths
7,225 SqFt
$97/SqFt
Multi

Location

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509 6th St SE, Minneapolis$699,995

Buyer Closing Credits

$8,312*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingShared Driveway
Year Built1916
HeatingSteam
BasementYes
MLS #6559981
StatusActive

About 509 6th St SE

THIS TRIPLEX IS A RARE FIND WITH POTENTIAL TO INCREASE RENTAL INCOME WITHIN THE MARCY-HOLMES NEIGHBORHOOD - A POPULAR UNIVERSITY OF MINNESOTA OFF-CAMPUS HOUSING AREA! BUILT IN 1916, NEWLY REFINISHED HARDWOOD FLOORS, INTERIOR PAINT, LOVELY SUNROOMS, LARGE DRIVEWAY FOR OFF-STREET PARKING, NEWER ROOF & GUTTERS. ALL UNITS RENTED WITH STRONG POSSIBILITIES TO INCREASE RENT ROLL AFTER CURRENT LEASES EXPIRE. EACH UNIT COMES WITH APPLIANCES AND IN-UNIT LAUNDRY MACHINES. WALKABLE TO PARKS, RESTAURANTS AND THE UNIVERSITY OF MN.

Property Details

Property Features

Property Information:

  • Year Built: 1916
  • Living Area: 7,225 SqFt

Listing Office:

  • Office Name: Stepping Stone Brokers LLC

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Shared Driveway

Utilities

Utilities Information:

  • Heating: Steam

Other

Directions Information:

  • Directions: From University Ave SE, go North on 5th Ave SE, then East on 6th Street SE

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,995
  • Price Per SqFt: $97/SqFt

Tax Information:

  • Annual Amount: $11,462
  • 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

509 6th St SE vs Minneapolis

178 DAYS ON ROCKET

+145 Days

$699,995

+$350K More

$97/SqFt

-$105 Less

KEY TAKEAWAY

This property is $350K more than the Median Sold Price and $105/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: #6559981

Listing Office:

  • Office Name: Stepping Stone Brokers LLC

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:22:49 PM 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$11,462$651,500
2019$10,968$571,500
2018$9,429$519,500
2017$8,737$476,500

History based on county public records data.

Payment Calculator

$3,561

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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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-812946
3
/10

  • Webster Community School

  • 425 5th St NE

  • 0.69 miles

  • Public District Grades PK-5

school-card-donut-812947
1
/10

  • Sheridan Elementary School

  • 1201 University Ave NE

  • 1.17 miles

  • Public Magnet Grades PK-5

school-card-donut-812948
2
/10

  • Banaadir Elementary School

  • 1800 2nd St NE

  • 1.67 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,413. Most Minneapolis, MN residents have annual incomes less than $35k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55414›509 6th St SE

This home is located at 509 6th St SE in Minneapolis, MN and zip code 55414 in the University neighborhood. This 7,225 square foot home was built in 1916. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $699,995.

While more than 283 listings in Minneapolis, MN in November 2024 were sold above asking price, there were more than 203 listings sold at asking price, and more than 403 were sold below. In November 2024 in Minneapolis, MN there were 6.1% less homes for sale than in October 2024. In November 2024 median list price was $349,986 and the average listing age was 33 days.

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

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