$6,768 Closing Credit¹
#6685707, Listing Office: RE/MAX Advantage Plus
$605,000 List price
2541 3rd Ave S Minneapolis, MN 55404
$7,184
Closing credit¹
3,260 sqft
$186 / sqft
Multi-Family
Property details
About 2541 3rd Ave S
Unit #2 is recently renovated and rented at $1,873/month. Unit #1 is 2,000/month Hugely desirable rental area in the Whittier neighborhood being located directly across from the Minneapolis College of Art and Design (MCAD) and Minneapolis Institute of Art (MIA). New kitchen counters, cabinets and appliances. Newer windows, fresh paint, buffed floors – this house shines! Buyers to verify all measurements. Layout is unique. Unit #1 has front half of 1st floor and all of 2nd floor. Unit #2 has back half of 1st floor (rear entrance door) and all of 3rd floor. Opportunity to turn into a triplex by adding a unit in the basement! General layout of what a 4 bedroom unit sketched up, but not approved by city of Minneapolis, available in supplements
Highlights
Home typeDuplex
HeatingSteam
StatusActive
Size3,260 sqft
BasementYes
Year built1900
MLS #6680722
Garage2 spaces
Summary
- Basement: Yes
- Garage Space: 2 spaces
- Heating: Steam
- List Price: $605,000
- Price/SqFt: $185
- Annual Tax Amount: $10,213
- Tax Year: 2023
- Directions: NA
- Year Built: 1900
- Living Area: 3,260 SqFt
- MLS Number: 6680722
- MLS Name: NORTHSTAR
- Office Name: Twin Cities Leasing LLC
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$605,000
2541 3rd Ave S
$7,184
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 06, 2022 | Home Sold | $513,000 |
| Feb 20, 2020 | Home Sold | $500,000 |
| Apr 27, 2016 | Home Sold | $349,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $509,000 | $10,213 |
| 2022 | $509,000 | $8,195 |
| 2021 | $451,000 | $7,863 |
| 2020 | $299,500 | $5,100 |
| 2019 | $299,500 | $5,294 |
| 2018 | $285,000 | $5,173 |
| 2017 | $248,000 | $4,547 |
History based on county public records data.
Nearby schools
2
Hennepin Elementary School
Public Charter KG-5
0.4 mi
•2123 Clinton Ave
2
Whittier International Baccalaureate World School
Public Magnet PK-5
0.6 mi
•315 W 26th St
2
Emerson Elementary School
Public Magnet PK-5
0.9 mi
•120 W 15th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $41,208. The majority of Minneapolis, MN residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
41%
<35k
52%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
88%
Single, No Kids
3%
Single, with Kids
6%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
1%
12-17 yrs old
66%
18-34 yrs old
23%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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This home is located at 2541 3rd Ave S in Minneapolis, MN and zip code 55404 in the Powderhorn neighborhood. This 3,260 square foot home was built in 1900. Features: 0 bathroom. It has been listed on Rocket Homes since March 26, 2025 and is currently priced at $605,000.
Minneapolis, MN housing market in April 2025 saw over 466 listings sold above listed price, more than 213 sold at listed price and over 261 sold below. Between March and April 2025, Minneapolis, MN real estate market has seen increase in the number of listings by 23%. While the average time on the market in April 2025 was 28 days, the median list price was $354,417.
From Rocket Homes Real Estate and based on county public records data.