3659 3rd Street NE Minneapolis, MN 55418
For Sale MLS# 6497976
3,438 sq ftCommercial
Listed by: Edina Realty, Inc.
Details for 3659 3rd Street NE
MLS# 6497976
Description for 3659 3rd Street NE, Minneapolis, MN, 55418
Mixed-use income generating investment or live/work property with a single family home & commercial building in the heart of NE MPLS, Completely renovated, spacious & open floor plan in the commercial building with 2000 SF & large unfinished basement, currently being used as a fitness studio by the long term tenants. Beautiful & durable wood floors, large windows, updated 1/2 bath & kitchen. The story & a half single family home has 1440 finished sq. ft, updated kitchen with new cabinets, two BRs on each floor, two remodeled baths, & a full unfinished basement. One car garage & additional parking spaces. New concrete patio. Per the previous owner, roof was replaced in 2017, newer furnace systems in both properties including duct replacement, central air in the commercial space and portable A/C unit in the house. Fresh interior & exterior paint, Same long term tenants occupy the house and the commercial space. Great income generating property at 7% cap rate.
Listing Information
Property Type: Commercial
Status: Active
Bedrooms: 4
Bathrooms: 3
Lot Size: 0.18 Acres
Square Feet: 3,438 sq ft
Year Built: 1926
Foundation: 3,000 sq ft
Garage: Yes
Stories: 1 Story
Subdivision: Columbia Heights Add
Number Of Units Total: 2
Current Use: Commercial,Residential
County: Hennepin
Days On Market: 46
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Appliances: Range, Disposal, Exhaust Fan/Hood, Refrigerator, Dryer, Dishwasher, Washer, Gas Water Heater
Flooring: Carpet,Floor Drains,Heavy Duty,Tile,Wood
Basement: Storage Space, Concrete Block, Unfinished, Drainage System, Partial Finished, Sump Pump, Drain Tiled, Full
Additional Interior Features: Kitchen Window, Security System, Cable, Tile Floors, Natural Woodwork, Hardwood Floors, Washer/Dryer Hookup
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Separate,Hot Water Common
Cooling: Central, Window
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Garage Spaces: 1
Open Parking: 3
Parking Description: Detached Garage, Driveway - Concrete, Garage Dimensions - 20x14, Garage Door Height - 7, Garage Door Width - 9, Garage Sq Ft - 280.0
Exterior: Stucco, Metal
Roof: Tar/Gravel, Age 8 Years or Less, Pitched, Flat, Asphalt Shingles
Lot Dimensions: 60x128
Zoning: Business/Commercial
Fencing: Full, Chain Link
Additional Exterior/Lot Features: Patio, Tree Coverage - Medium, Corner Lot, Public Transit (w/in 6 blks), Land Inclusions - Building,Land, Road Frontage - City, Paved Streets, Sidewalks
Unit Information
Unit 1 Baths Total: 1
Unit 1 Rooms Total: 2
Unit 2 Baths Total: 2
Unit 2 Beds Total: 4
Unit 2 Rooms Total: 7
Driving Directions
694 to University Ave or 47 S to 37th Ave, West to property.
Financial Considerations
Tenant Pays: Cable T.V.,Electric,Fuel,Lawn,Snow
Owner Pays: Insurance,Maintenance/Repair,Taxes,Trash,Water/Sewer
Gross Income: 49800
Expense: 14467
Tax/Property ID: 0202924220014
Tax Amount: 7059
Tax Year: 2024
HomeStead Description: Non-Homesteaded
Buyer Broker Compensation: 2.50%
Price Changes
| Date | Price | Change |
|---|---|---|
| 03/04/2024 11.52 AM | $499,900 |
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively 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. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Sales History & Tax Summary for 3659 3rd Street NE
Sales History
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|---|---|---|
| Currently not available. | ||
Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3659 3rd Street NE
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Data powered by ATTOM Data Solutions. Copyright© 2024. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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