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+16514724012
Real Estate Company
3118 Newton Avenue N, Minneapolis, MN 55411
- $339,000
- 4
- BD
- 2
- BA
- 1,730
- SqFt
- List Price
- $339,000
- MLS#
- 7161680
- Status
- ACTIVE
- Type
- Multifamily
- Style
- (MF) Duplex Side X Side
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,730
- Acres
- 0.12
- Subdivision
- Hamischs 3rd Add
- Neighborhood
- 36
- Year Built
- 1914
Property Description
UP TO $97,000 IN POTENTIAL HOMEBUYER ASSISTANCE MAY BE AVAILABLE — PLUS $3,400/MONTH IN CURRENT RENTAL INCOME! Eligible owner-occupants may have access to multiple homebuyer assistance programs, potentially including up to $45,000 through the Advancing Black Homeownership Community Fund, up to $32,000 in first-generation assistance, and up to $20,000 through the City of Minneapolis, subject to individual eligibility, available funding and program requirements. Not all programs may be combined. Both units are currently leased with $3,400/month in combined rental income. The lower level offers additional finished space, a framed bedroom area and rough-ins for a future kitchen and bathroom, creating potential for additional value. Buyer to verify zoning, permits, code compliance and permitted use with the City of Minneapolis. An opportunity to combine rental income with potentially substantial homebuyer assistance.
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Additional Information
- School District
- Minneapolis
- Tax Year
- 2025
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Heating
- Boiler
- Water
- City Water/Connected
- Basement
- Unfinished
- Garage Spaces
- 1
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Listing courtesy of Coldwell Banker Realty.
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