$475,000

3248 1st Ave S Minneapolis, MN 55408

$5,641
Closing credit¹
2,870 sqft
$166 / sqft
Multi-Family

Property details

About 3248 1st Ave S

WOW – want to own an investment property you can be proud of? This magnificent duplex clearly has a life-long history of being well-cared for and likely owner-occupied more than not. In fact, the last owner owned the home since 1992 and then bequeathed it to a local non-profit organization who is selling the property after spending the last few months having the hardwood floors refinished up and down & a fresh coat of paint inside on the walls & ceiling! Super spacious rooms – including the kitchens, amazing original woodwork, huge windows – many with southern exposure providing tons of natural light, 2 car garage & plenty of off-street parking on a well-maintained one-way street. Tall ceilings on all 4 levels, so many closets, separate gas and electrical, a four season sunroom with windows on three sides, front porch, front foyer, and even a nice spacious shared back staircase leading to the basement which has plenty of headroom or out to the fenced in back yard. Don’t forget to poke your head up into the third floor with loads of potential for future additional bedrooms and a bathroom. Owner-occupy and rent one unit to pay up to half your mortgage!

Highlights

Home typeDuplex
HeatingSteam
StatusComing Soon
Size2,870 sqft
BasementYes
Year built1886
ParkingDetached
MLS #6675683
Garage2 spaces

Summary

  • MLS Number: 6675683
  • MLS Name: NORTHSTAR
  • Office Name: RE/MAX Results

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Last updated on: 2/28/2025, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of property featuring brick siding and stucco siding

$475,000

3248 1st Ave S

$5,641

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2023$482,000$7,762
2022$451,000$7,533
2021$416,000$7,348
2020$392,000$6,695
2019$392,000$7,171
2018$392,000$7,366
2017$341,000$6,253

History based on county public records data.

Nearby schools

4

Lyndale Community School

Public District PK-5

0.3 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

0.9 mi

315 W 26th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

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. The majority of families are single, no kids. Residents of this area typically 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 BoxingPro Boxing
  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Music ConcertsMusic Concerts

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Ross Dress For LessRoss Dress For Less

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • PopeyesPopeyes
  • White CastleWhite Castle

What do the neighbors drive?

  • HondaHonda
  • NissanNissan
  • KiaKia

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

Similar homes for sale

This home is located at 3248 1st Ave S in Minneapolis, MN and zip code 55408 in the Lyndale neighborhood. This 2,870 square foot home was built in 1886. Features: 0 bathroom. It has been listed on Rocket Homes since February 28, 2025 and is currently priced at $475,000.

Over 161 listings were sold over their listed price in January 2025 in Minneapolis, MN. In the same period over 309 listings were sold below the listed price and 152 listings were sold for the listed price. Between December and January 2025, Minneapolis, MN real estate market has seen decrease in the number of listings by 0.1%. The median list price of listings available in January 2025 was $350,000, while the average time on the real estate market was 47 days.

From Rocket Homes Real Estate and based on county public records data.

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