Property Description Hurry! Assumable FHA loan with a 3.25% interest rate, subject to buyer qualification and lender approval! This charming, up/down duplex in South Minneapolis's Powderhorn Park neighborhood offers an excellent opportunity for an owner-occupant, investor, or a combination of both. Beautiful, refinished hardwood floors and stained-glass windows showcase the property's charm and character, complemented by freshly painted kitchen cabinets on the main floor. Updates include newer Marvin windows, a newer roof, new basement glass block windows, fresh air intakes, and an added sound barrier between units. Separate utilities, two storage rooms, and shared basement laundry offer everyday convenience. Enjoy a fenced backyard, two-car detached garage, and convenient access to Powderhorn Park and Lake, the recreation center, and the dining and shopping options at Midtown Global Market.
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 435000
Original List Price: 435000
ListPrice: 435000
List Date: 2026-10-05
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1908
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 5
Baths Total: 2
Main Floor Total SqFt: 1009
Above Ground SqFt: 2638
Below Grd Total SqFt: 1009
Total SqFt: 3647
Foundation Size: 1009
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2638.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 42x122
Acres: 0.12
Assessment Pending: No
Location Tax and Other Information
House Number: 3116
Street Name: 17th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Powder Horn Park Add
Assessments
Assessment Balance: 243
Tax With Assessments: 6274
Building Information
Finished SqFt Above Ground: 2638
Income and Expenses
Annual Gross Income: 41400
Annual Maintenance Expense: 1000
Annual Repair Expense: 500
Annual Trash Expense: 185
Annual Water/Sewer Expense: 1650
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 23x20
Garage Door Height: 6
Garage Door Width: 16
Garage Square Feet: 460
Public Survey Info
Range#: 24
Section#: 02
Township#: 28
Unit 1
Furnished?: No
Leased?: No
Unit Number: 1
Annual Rent: 16200
Finished SqFt: 988
Full Baths: 1
Monthly Rent: 1350
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit 2
Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 25200
Finished SqFt: 1612
Full Baths: 1
Monthly Rent: 2100
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 4
Total Rooms: 7
Unit Details
Total Units: 2
Property Features
Accessible: None
Assumable Loan: Not Assumable; Yes w/ Qualifying
Basement: Full
Construction Materials: Frame
Construction Status: Previously Owned
Electric: Circuit Breakers
Existing Financing: FHA
Exterior: Wood
Fencing: Chain Link; Full; Wood
Foundation: Brick/Mortar
Fuel: Natural Gas
Heating: Hot Water
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
Owner Pays: Broadband; Insurance; Maintenance/Repair; Taxes; Trash Collection; Water
Rental License Type: Other
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles
Sellers Terms: Assumable; Cash; Conventional; FHA; VA