#6684976, Listing office: Verde Real Estate Group
2541 3rd Ave S Minneapolis, MN 55404
Property details
About 2541 3rd Ave S
Cash Cow! Long term tenants combined with college freshmen (who have to live near campus, which this property qualifies for now! Lots of opportunity to add an additional 4 bedroom unit in the basement! Zoned as a Corridor 4! 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. General layout of what a 4 bedroom unit sketched up, but not approved by city of Minneapolis, available in supplements
Highlights
Summary
- Basement: Yes
- Garage Space: 2 spaces
- Heating: Steam
- List Price: $589,000
- Price/SqFt: $180
- 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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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 most common annual income of people living in Minneapolis, MN is between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
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Frequently asked questions
About 2541 3rd Ave S
The listing price of 2541 3rd Ave S property is $589,000.
The property 2541 3rd Ave S is a multi located in Minneapolis, Minnesota, 55404.
Active Listing: 2541 3rd Ave S is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2541 3rd Ave S are: Hennepin Elementary School (GreatSchools Rating 2/10), Whittier International Baccalaureate World School (GreatSchools Rating 2/10), Emerson Elementary School (GreatSchools Rating 2/10), Jefferson Elementary School (GreatSchools Rating 1/10), Loveworks Academy for Arts (GreatSchools Rating 1/10), Aurora Middle School (GreatSchools Rating 1/10), Augsburg Fairview Academy (GreatSchools Rating 1/10), Merc (GreatSchools Rating 2/10), Loring-Nicollet High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $10,213 (source: MLS/based on county public records data).
The last sale was on July 6, 2022 for $513,000 (source: MLS/tax record).
The property 2541 3rd Ave S is 3,260 SqFt (source: MLS/tax record).
The year of construction for 2541 3rd Ave S is 1900.
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 $589,000.
In June 2025, from all listings sold in Minneapolis, MN there were more than 634 sold above asking price, over 363 sold below and more than 245 were sold right at the asked price. Between May and June 2025, Minneapolis, MN real estate market has seen increase in the number of listings by 3.4%. Listings spent 23 days on the market in June 2025, and had a median list price of $359,091 during the same period.