2622 S 7th St, Minneapolis, MN 55454

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2622 S 7th St, Minneapolis, MN 55454

7 beds3 baths2,784 sqft

Sold: $320,000
Sold on 05/29/13
Zestimate®: $310,200
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My Notes

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Don't miss out on this rare investment opportunity! Nestled between the U of M, Augsburg College, and the University of Minnesota Fairview Medical Center, you cannot find a better location for a rental property! This huge duplex was converted from a triplex and could be easily converted back or finish the lower level for a potential fourth rental unit. Right now it has one 2-bedroom unit and one 5-bedroom unit plus an unfinished lower level with coin-op laundry. Great turn of the century charm and workmanship have been preserved in the hardwood floors, built-in buffets, and beautiful woodwork. The property is located just steps from Riverside Park, walking/running/biking trails, and everything this lively and diverse area has to offer. Brokered And Advertised By: Master Key Real Estate Listing Agent: Matt McLaren  More Less 

Facts

  • Lot: 3,049 sqft
  • Multi Family
  • Built in 1912
  • Cooling: Wall
  • Heating: Other
  • Last sold: May 2013 for $320,000
  • Price/sqft: $115

Features

  • Cable Ready
  • Fireplace
  • Flooring: Hardwood
  • Parking: Garage - Detached, 1 space
  • Porch
  • Unfinished basement
  • View: City, Park
  • Wired

Appliances Included

  • Dishwasher
  • Range / Oven
  • Refrigerator
  • Washer

Construction

  • Exterior material: Stucco
  • Roof type: Asphalt
  • Room count: 13
  • # Stories: 2.0
  • Unit count: 2

Other

  • Floor size: 2,784 sqft
  • Heating: Gas
  • Laundry: In Unit, Shared
  • Lot depth: 77
  • Lot width: 39
  • Parcel #: 2502924420022
  • Zillow Home ID: 1928157

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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$310,200
+$4,295 Last 30 days
$276K
$338K
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,424/mo
-$25 Last 30 days
$769
$2.3K
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Popularity on Zillow

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3,075 all-time views
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92 forecasted views of this home
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Neighborhood

Market guide

Zillow predicts Minneapolis home values will rise 1% next year, compared to a 1.5% rise for Minneapolis-St Paul Metro as a whole. Among Minneapolis homes, this home is valued 57.1% more than the midpoint (median) home, but is valued 35.6% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Minneapolis, the number of foreclosures waiting to be sold is 37.4% greater than in Minneapolis-St Paul Metro, and 100.2% greater than the national average. This higher local number may prevent Minneapolis home values from rising as quickly as other regions in Minneapolis-St Paul Metro.

Learn more about forecast calculations or Minneapolis home values.
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    Nearby Schools in Minneapolis

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org

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