About This Home
This 5-bedroom, 2-bathroom multi-family at 3322 Stevens Avenue in Minneapolis, MN is listed for $315,000 ($81 per sqft). Built in 1900, the home offers 3,899 sqft of living space on a 0.13 acres lot.
Key Features
- Built in 1900
- 0.13 acre lot
Property Details
Strong income potential in this duplex investment opportunity! Previously generating a combined $3,630/month in rental income, with the upper unit renting for $2,030/month and the main-level unit renting for $1,600/month. That represents $43,560 in potential gross annual rental income based on the previous rents.
Both units offer the convenience of in-unit laundry, while an additional washer and dryer set in the unfinished basement provides even more flexibility for the property. A newer high-efficiency boiler adds to the property's appeal and efficiency. With two rentable units, separate laundry, a newer mechanical system, and a demonstrated rental history, this property offers an attractive opportunity for investors seeking strong income potential and long-term investment value.
Monthly Cost Estimate
$1,685/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3322 Stevens Avenue
Minneapolis, MN 55408
Bakers 2nd Add
Property Details
Parking
Heating
Questions & Answers
This 5-bedroom, 2-bathroom multi-family at 3322 Stevens Avenue is listed at $315,000 ($81/sqft). The estimated monthly payment is $1,685 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1900, 0.13 acre lot.
This property is listed by Kerby & Cristina Real Estate Experts and can be reached at (952) 829-2900.
