3322 Stevens Avenue, Minneapolis, MN 55408
- $315,000
- 5
- BD
- 2
- BA
- 3,899
- SqFt
- List Price
- $315,000
- MLS#
- 7144656
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Duplex Up and Down
- Bedrooms
- 5
- Bathrooms
- 2
- Living Area
- 3,899
- Acres
- 0.13
- Subdivision
- Bakers 2nd Add
- Neighborhood
- 48
- Year Built
- 1900
Property Description
Strong income potential in this duplex investment opportunity! Previously generating a combined $3,630/month in rental income, with the upper unit renting for $2,030/month and the main-level unit renting for $1,600/month. That represents $43,560 in potential gross annual rental income based on the previous rents. Both units offer the convenience of in-unit laundry, while an additional washer and dryer set in the unfinished basement provides even more flexibility for the property. A newer high-efficiency boiler adds to the property's appeal and efficiency. With two rentable units, separate laundry, a newer mechanical system, and a demonstrated rental history, this property offers an attractive opportunity for investors seeking strong income potential and long-term investment value. Offered as a short sale.
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Additional Information
- School District
- Minneapolis
- Tax Year
- 2026
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Short Sale
- Yes
- Heating
- Baseboard, Boiler, Hot Water
- Water
- City Water/Connected
- Basement
- Unfinished
- Parking
- Detached Garage
- Garage Spaces
- 2
Mortgage Calculator
Listing courtesy of RE/MAX Results.
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