$6,233 Closing Credit¹
#6641454, Listing Office: Algo Realty Inc
$509,000 List price
3025 Park Ave Minneapolis, MN 55407
$6,044
Closing credit¹
2,800 sqft
$182 / sqft
Multi-Family
Property details
About 3025 Park Ave
Do not miss the opportunity to make this charming income producing 4plex yours. Priced to move, these four 1 bed 1 bath units always rent well, and are a great opportunity for long term rentals or could be fantastic for an airbnb. Units have hardwood floors and tons of natural light, and building has a newer boiler system. Located on Park Ave and Lake Street the property is a straight shot to downtown, and conveniently located near local shopping, restaurants, and the Midtown Greenway. There are 4 garages, and storages units, one for each apartment and laundry in the basement. There is plenty of opportunity for additional income on this property, and there's the possibility to house hack, at this price, it won't last long.
Highlights
Home typeQuadruplex
HeatingBaseboard, Steam
StatusActive
Size2,800 sqft
BasementYes
Year built1937
ParkingDetached
MLS #6710045
Garage4 spaces
Summary
- Basement: Yes
- Garage Space: 4 spaces
- Attached Garage: No
- Parking: Detached
- Heating: Baseboard, Steam
- List Price: $509,000
- Price/SqFt: $181
- Annual Tax Amount: $7,886
- Tax Year: 2023
- Directions: 35W to 31st St, head east to Park Ave, North to property on the right
- Year Built: 1937
- Living Area: 2,800 SqFt
- MLS Number: 6710045
- MLS Name: NORTHSTAR
- Office Name: RE/MAX Results
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Last updated on: 5/1/2025, 12:22:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$509,000
3025 Park Ave
$6,044
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 26, 2021 | Home Sold | $545,000 |
| Mar 07, 2018 | Home Sold | $340,000 |
| Jan 23, 2007 | Home Sold | $225,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $493,000 | $7,886 |
| 2022 | $492,600 | $7,931 |
| 2021 | $408,000 | $6,930 |
| 2020 | $408,000 | $6,665 |
| 2019 | $371,000 | $6,558 |
| 2018 | $371,000 | $6,734 |
| 2017 | $314,500 | $5,766 |
History based on county public records data.
Nearby schools
3
Green Central Park Elementary School
Public District PK-5
0.6 mi
•3416 4th Ave S
2
Hennepin Elementary School
Public Charter KG-5
1.0 mi
•2123 Clinton Ave
4
Lyndale Community School
Public District PK-5
1.0 mi
•312 W 34th 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 $33,333. Typical income of Minneapolis, MN residents is less than $<35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
52%
<35k
34%
35k-100k
13%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
45%
Single, No Kids
22%
Single, with Kids
12%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
9%
12-17 yrs old
39%
18-34 yrs old
30%
35-64 yrs old
3%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Popeyes
White Castle
Boston Market
What do the neighbors drive?
Nissan
Kia
Honda
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 3025 Park Ave in Minneapolis, MN and zip code 55407 in the Chicago Lake Park neighborhood. This 2,800 square foot home was built in 1937. Features: 0 bathroom. It has been listed on Rocket Homes since April 26, 2025 and is currently priced at $509,000.
Over 364 listings were sold over their listed price in March 2025 in Minneapolis, MN. In the same period over 309 listings were sold below the listed price and 165 listings were sold for the listed price. Between February and March 2025, Minneapolis, MN real estate market has seen increase in the number of listings by 23.5%. In March 2025 median list price was $353,912 and the average listing age was 41 days.
From Rocket Homes Real Estate and based on county public records data.