$5,936 Closing Credit¹
#6673646, Listing Office: Molina Realtors
$500,000 List price
3212 1st Ave S Minneapolis, MN 55408
$5,938
Closing credit¹
3,874 sqft
$129 / sqft
House
Property details
About 3212 1st Ave S
This one-of-a-kind multi-unit property offers incredible flexibility and income potential in one of Minneapolis' most vibrant neighborhoods. Featuring two spacious units in the main building and two charming units in the converted carriage house-both with new roofs (2024), this property lives like two duplexes on a single lot! Each of the four units boasts 2 bedrooms and 1 bath, with thoughtful layouts and desirable amenities. Three reliable tenants are already in place, making this an ideal turnkey investment opportunity for both owner-occupants and investors alike. Live in one unit while generating steady rental income from the others! Nestled in Lyndale, you’ll enjoy a walkable, bike-friendly community with easy access to shops, dining, parks, and public transit. Don't miss this rare chance to own a truly unique and income-producing property in a prime Minneapolis location! Plan your tour of this new listing today!
Highlights
Home typeOther
HeatingSteam, Forced Air
StatusActive
Size3,874 sqft
BasementYes
Year built1885
MLS #6636870
Summary
- MLS Number: 6636870
- MLS Name: NORTHSTAR
- Office Name: Keller Williams Realty Integrity Lakes
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Last updated on: 3/14/2025, 10:22:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$500,000
3212 1st Ave S
$5,938
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 28, 2011 | Home Sold | $123,750 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $530,000 | $8,726 |
| 2022 | $495,000 | $8,227 |
| 2021 | $451,000 | $7,927 |
| 2020 | $425,000 | $7,217 |
| 2019 | $404,600 | $7,152 |
| 2018 | $394,500 | $7,159 |
| 2017 | $358,500 | $6,573 |
History based on county public records data.
Nearby schools
4
Lyndale Community School
Public District PK-5
0.4 mi
•312 W 34th St
3
Green Central Park Elementary School
Public District PK-5
0.4 mi
•3416 4th Ave S
2
Whittier International Baccalaureate World School
Public Magnet PK-5
0.8 mi
•315 W 26th 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 $27,879. The most common annual income of people living in Minneapolis, MN is less than $<35k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
62%
<35k
24%
35k-100k
10%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
58%
Single, No Kids
19%
Single, with Kids
9%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
6%
12-17 yrs old
48%
18-34 yrs old
28%
35-64 yrs old
1%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Music Concerts
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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Frequently asked questions
About 3212 1st Ave S
This home is located at 3212 1st Ave S in Minneapolis, MN and zip code 55408 in the Lyndale neighborhood. This 3,874 square foot home was built in 1885. Features: 0 bathroom. It has been listed on Rocket Homes since January 30, 2025 and is currently priced at $500,000.
While more than 190 listings in Minneapolis, MN in February 2025 were sold above asking price, there were more than 131 listings sold at asking price, and more than 253 were sold below. The inventory of homes for sale in Minneapolis, MN between January and February 2025 increased by 13.9%. The median list price of listings available in February 2025 was $350,609, while the average time on the real estate market was 48 days.
From Rocket Homes Real Estate and based on county public records data.