2523 Newton Avenue N Minneapolis, MN ^$ 225,000

2523 Newton Avenue N

^$ 225,000

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2523 Newton Avenue N

Minneapolis, MN, 55411

^$ 225,000

Bedrooms3 Baths2.0 Sq 1,231

Monthly Estimate*

^$ 1,495

2523 Newton Avenue N, Minneapolis, MN 55411 - Image 1

2523 Newton Avenue N, Minneapolis, MN 55411 - Image 2

2523 Newton Avenue N, Minneapolis, MN 55411 - Image 3

2523 Newton Avenue N, Minneapolis, MN 55411 - Image 4

2523 Newton Avenue N, Minneapolis, MN 55411 - Image 5

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2523 Newton Avenue N, Minneapolis, MN 55411 - Image 7

2523 Newton Avenue N, Minneapolis, MN 55411 - Image 8

2523 Newton Avenue N, Minneapolis, MN 55411 - Image 9

2523 Newton Avenue N, Minneapolis, MN 55411 - Image 10

2523 Newton Avenue N, Minneapolis, MN 55411 - Image 11

Multi-Family Home for sale in Minneapolis, MN

for $225,000 with 3 bedrooms and 2 full baths. This 1,231 square foot home was built in 1900 on a lot size of 0.13.

TURN-KEY INCOME PROPERTY ON A HUGE LOT IN JORDAN! This property sets on a fully fenced double-wide lot. $30,000 gross annual income. The upper level 1-bedroom is tenant-occupied on a 1-year lease @ $1175/month. The 2-bedroom unit is vacant, so this home is available for owner-occupant buyers! Pay the majority of your mortgage with rental income!

Multi-Family Active

Price

^$ 225,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,310

Style

Duplex Up and Down

Lot Size

0.13

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6528507

Features

General

Sewer City Sewer/Connected

Heating Baseboard Forced Air

Roof Pitched

Garage Spaces 0

Construction Materials Other

Year Built 1900

Tenant Pays Cable TV Electricity Gas

Levels Two

Property SubType Duplex Up and Down

Tax Year 2024

Gross Income 30300

Accessibility None

County Hennepin

Operating Expense 6770

Insurance Expense 1800

New Construction N

Property Type Residential Income

Contingency None

Subdivision Name Forest Heights

Directions SW Corner of N 26th Ave and Newton.

City Minneapolis

Buyer Agent Compensation 2.50

High School District Minneapolis

Zoning Description Residential-Multi-Family

Total Units 2

Street Name Newton

Land Lease Y/N N

Tax Annual Amount 2310

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 2400

Additional Parcels Y/N N

Days on Market 0

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Interior

Basement Full Unfinished

Basement (Y/N) Y

Above Grade Finished Area 1231

Street Suffix Avenue

Below Grade Finished Area 0

Fuel Electric Natural Gas

Exterior

Fencing Chain Link Full

Lot Features Corner Lot

Water Source City Water/Connected

Lot Size Area 0.13

Lot Dimensions 63x91

Lot Size Units Acres

Foundation Area 705

Internal Only

Street Number 1 2523

* Excluded Features

List By

Exp Realty

Broker

trevor@mnsold.net

Affordability Calculator

$1,688

Per Month

Monthly Principal & Interest: $1,495
Monthly Property Taxes: $193
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Minneapolis, MN

Average List Price ^$507,618

Percent of Sale Price 126%

About Minneapolis, MN

417,625 Population

9% Since 2002

^$56,777 Median Income

35.08 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708364 Elementary School

708967 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/1/2024	$225,000		Listed Price

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2523 Newton Avenue N, Minneapolis, MN, 55411 is a Multi-Family Home for sale at $225,000 with 1,231 sqft and a lot size of 0.13. 2523 Newton Avenue N has 3 bedrooms, 2.0 baths, and was built in 1900. The property's zip code is 55411 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/23/2024.

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2523 Newton Avenue N

Multi-Family Home for sale in Minneapolis, MN

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