3200 1st Avenue S, Minneapolis, MN 55408 (MLS# 7035467)
$525,000
Minneapolis, MN 55408
MLS# 7035467
Status: Closed
7 beds | 3 baths | 4772 sqft
1 / 50
Property Description
Well, you are not going to believe this one! Pristine 7 bedroom 3 bathroom duplex with an attached 2 car garage. Doted on by the same owners for nearly 30 years. Though not owner-occupied, the owners treated it better than most folks do with their own homes. From stripping the formally painted original woodwork to repairing the chimney in March of 2026, every surface has been beautifully maintained. Windows, electrical, plumbing, bathrooms & kitchens have all been updated. The attached garage (with skylights) was built in 1997. Situated on a corner lot, there is plenty of on-street parking too. Two new boilers in 2024. The roof & siding were all new in 2023. Front open porches, back enclosed porches, more skylights, built-in buffets, exposed brick, antique hardware, 10 foot ceilings, many newer appliances, large closets, gorgeous hardwood floors (even in the kitchens), classy window treatments, fantastic basement storage with insulated ceilings . . . the list goes on and on and on. Great opportunity for an owner-occupant with nothing needing to be done for years to come! !
Details
Maps
Documents
Contract Information
Status: Closed
Off Market Date: 2026-04-04
Contingency: None
Current Price: 575000
Closed Date: 2026-05-18
Original List Price: 525000
ListPrice: 525000
Sales Close Price: 575000
List Date: 2026-03-12
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 7
Baths Total: 3
Main Floor Total SqFt: 1358
Above Ground SqFt: 3452
Below Grd Total SqFt: 1320
Total SqFt: 4772
Foundation Size: 1350
Style: (MF) Duplex Up and Down
Total Finished Sqft: 3452.00
Garage Stalls: 2
Lot Dimensions: 37 x 124
Acres: 0.1
Assessment Pending: No
Location Tax and Other Information
House Number: 3200
Street Name: 1st
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Bakers 2nd Add
Assessments
Tax With Assessments: 8522
Basement
Foundation Dimensions: 50 x 27
Building Information
Finished SqFt Above Ground: 3452
Income and Expenses
Annual Gross Expenses: 15095
Annual Gross Income: 46800
Annual Insurance Expense: 1881
Annual Maintenance Expense: 1200
Annual Net Income: 31705
Annual Repair Expense: 600
Annual Trash Expense: 1200
Annual Water/Sewer Expense: 1700
Total Annual Expenses: 15095
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 24 x 24
Garage Square Feet: 576
Public Survey Info
Range#: 24
Section#: 03
Township#: 28
Unit 1
Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 1
Annual Rent: 21600
Finished SqFt: 1354
Full Baths: 1
Monthly Rent: 1800
No. of Units Like This: 1
Oth Parking Spaces: 2
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 8
Unit 2
Furnished?: No
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: Multi-Level
Unit Number: 2
3/4 Baths: 1
Annual Rent: 25200
Finished SqFt: 2094
Full Baths: 1
Monthly Rent: 2100
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 11
Unit Details
Total Units: 2
Property Features
Accessible: None
Amenities Shared: Common Laundry Facility; Porch
Basement: Full; Shared Access; Storage Space; Unfinished
Construction Status: Previously Owned
Electric: 200+ Amp Service
Exterior: Vinyl
Financing Terms: Conventional
Foundation: Stone
Fuel: Natural Gas
Heating: Boiler
Laundry: Common Area; Laundry Room; Lower Level
Owner Pays: Insurance; Lawn; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water
Rental License Type: Standard
Roof: Age 8 Years or Less; Architectural Shingle
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Tenant Pays: Electricity; Gas
Unit 1 Amenities: Historic/Period Millwork; Ceiling Fan(s); Hardwood Floors; Main Floor Primary Bedroom; Natural Woodwork; Porch; Tile Floors
Unit 1 Appliances: Stainless Steel Appliances; Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Dining Room Description: Eat In Kitchen; Separate/Formal Dining Rm
Unit 1 Special Search: Main Floor Bedroom; Renovated; 3 BR on One Level
Unit 2 Amenities: Historic/Period Millwork; Special Millwork; Walk-In Closet; Balcony; Ceiling Fan(s); City View; Deck; Hardwood Floors; Natural Woodwork; Porch; Skylight; Tile Floors; Vaulted Ceiling(s)
Unit 2 Appliances: Dishwasher; Dryer; Exhaust Fan/Hood; Range; Refrigerator; Washer
Unit 2 Bath Description: Main Floor Full Bath; Upper Level 3/4 Bath
Unit 2 Dining Room Description: Kitchen/Dining Room; Separate/Formal Dining Rm
Unit 2 Special Search: Renovated
Water: City Water/Connected
Sellers disclosure 3200 1st Avenue S.pdf Listing Office: RE/MAX Results
Last Updated: May - 18 - 2026
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