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3118 Newton Avenue N, Minneapolis, MN 55411

Status: For Sale

2 units
1,730 sq ft 1 garage spaces

$339,000

WELCOME HOME

Get to know this property.

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.

The details that matter.

General Property Information for 3118 Newton Avenue N, Minneapolis, MN 55411 - MLS# 7161680
Bedrooms and Bathrooms
Total Bedrooms:
4
Total Bathrooms:
2
Size and Multi Family Residence
Year Built:
1914
Type of Property:
Multi Family Residence
Style:
Duplex Side by Side
Stories/Levels:
2 Story
Total SqFt:
1,730
Total Fnsh'd SqFt:
1,730
Above Ground SqFt:
1,730
Finished Above Grade:
1,730
Below Ground SqFt:
0
Finished Below Grade:
0
Garage Stalls:
1
Garage SqFt:
0
Main Floor SqFt:
1,730
Approx Lot Dimensions:
Unknown
Approx Number of Acres:
0.12
Income and Expenses
Gross Income:
$40,800
Total Expenses:
$0

A closer look at the location.

Take Lowry to Newton. Go South. Home is on E side of Newton.

This listing has been entered by the following office: Coldwell Banker Realty

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 MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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