3308 Stevens Avenue, Minneapolis, MN 55408

Overview

Description

Fantastic opportunity in a prime Minneapolis location. This versatile property is currently used as a duplex but offers flexibility to be converted into a triplex or a spacious single-family home. Zoned R2, there is also room to add a garage, making it a great investment for future expansion. The clean, unfinished basement already has framing in place and is ready to be finished to your liking. Major updates provide peace of mind, including a new roof installed in 2024 and two new furnaces added in September 2021. Additional improvements include new windows, siding, interior and exterior paint, carpeting, and flooring throughout. A custom paver walkway and driveway enhance the curb appeal and overall functionality of the property. This property comes with a clean TISH report and a Minneapolis Tier 1 Rental License. The duplex is currently vacant and ready for new tenants or owner occupancy. When previously rented, the lower unit brought in $1,900 per month and the upper unit rented for $2,700 per month. Whether you're looking to invest, live on-site, or redesign the space to suit your needs, this property offers excellent potential in a desirable neighborhood. Agents and buyers to verify all measurements and information.

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1892
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1248
Above Ground SqFt: 3370
Total SqFt: 3370
Foundation Size: 1248
Style: (MF) Duplex Up and Down
Total Finished Sqft: 3370.00
Lot Dimensions: 45x129
Acres: 0.13
Assessment Pending: No
Below Grd Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: None Basement: Full Construction Materials: Frame Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Metal; Vinyl; Wood Fencing: Chain Link; Wood Financing Terms: FHA Foundation: Combination Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Lock Box Type: Combo Lot Description: Tree Coverage - Light Parking Characteristics: Uncovered/Open Road Frontage: City Street Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA; Other Sewer: City Sewer/Connected Unit 2 Amenities: Walk-Up Attic Unit 2 Appliances: Range Unit 2 Bath Description: Upper Level 3/4 Bath Water: City Water/Connected

Contract Information

Off Market Date: 2026-04-03
Contingency: None
Closed Date: 2026-05-11
Original List Price: 459000
ListPrice: 421000
Sales Close Price: 406000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3308
Street Name: Stevens
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Bakers 2nd Add

Assessments

Tax With Assessments: 5952
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3370

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 03
Township#: 28

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
Annual Rent: 2280
Finished SqFt: 919
Full Baths: Yes
Monthly Rent: 1900
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 6

Unit 2

Furnished?: No
Leased?: No
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 32400
Finished SqFt: 1496
Monthly Rent: 2700
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 4
Total Rooms: 7

Unit 3

Furnished?: No
Leased?: No
Unit Number: 3
No. of Units Like This: Yes
Total Bedrooms: Yes
Total Rooms: Yes

Unit Details

Total Units: 3

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 003 BLOCK 014 BAKERS 2ND ADDN TO MPLS
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3216
Property ID Number: 0302824130096
Tax Year: 2025
Tax Amount: 5952
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fantastic opportunity in a prime Minneapolis location. This versatile property is currently used as a duplex but offers flexibility to be converted into a triplex or a spacious single-family home. Zoned R2, there is also room to add a garage, making it a great investment for future expansion. The clean, unfinished basement already has framing in place and is ready to be finished to your liking. Major updates provide peace of mind, including a new roof installed in 2024 and two new furnaces added in September 2021. Additional improvements include new windows, siding, interior and exterior paint, carpeting, and flooring throughout. A custom paver walkway and driveway enhance the curb appeal and overall functionality of the property. This property comes with a clean TISH report and a Minneapolis Tier 1 Rental License. The duplex is currently vacant and ready for new tenants or owner occupancy. When previously rented, the lower unit brought in $1,900 per month and the upper unit rented for $2,700 per month. Whether you're looking to invest, live on-site, or redesign the space to suit your needs, this property offers excellent potential in a desirable neighborhood. Agents and buyers to verify all measurements and information.
Directions: Take the exit for I-94 East toward St. Paul. From there, use the Lake Street/MN-55 exit and turn right onto West Lake Street. Continue along Lake Street, then turn left onto Blaisdell Avenue South. After a few blocks, turn right onto Stevens Avenue South.

Accessible

None: Yes

Basement

Full: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Exterior

Metal: Yes
Vinyl: Yes
Wood: Yes

Fencing

Chain Link: Yes
Wood: Yes

Financing Terms

FHA: Yes

Foundation

Combination: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Basement: Yes

Lock Box Type

Combo: Yes

Lot Description

Tree Coverage - Light: Yes

Parking Characteristics

Uncovered/Open: Yes

Road Frontage

City Street: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
Other: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

Income and Expenses

Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Unit 2 Amenities

Walk-Up Attic: Yes

Unit 2 Appliances

Range: Yes

Unit 2 Bath Description

Upper Level 3/4 Bath: Yes