409 Logan Ave N, Minneapolis, MN 55405

This is a land trust property. Buyer must meet income limitations as well as other qualifying criteria. This is a great opportunity to purchase an affordable home. Home must be sold to owner-occupant. Income and resale restrictions apply to the purchase of this property. This home is made available through the City of Lakes Community Land Trust (CLCLT) to households earning less than 80% of Area Median Income (AMI). Gross income for all household members may not exceed the AMI limits in the chart below. For an offer to be considered, interested homebuyers need to: Complete CLCLT application including income verification. Attend a CLCLT virtual orientation. Obtain pre-approval letter from CLT-compatible mortgage lender. Actual market price of this home is $265,000 (based on a September 2020 appraisal). Total amount of affordability assistance available for this property is $101,350.00