$225,000
Minneapolis, MN 55417
MLS# 7024332
1 beds | 1 baths | 1064 sqft
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Property Description
Secure your foothold in one of Minneapolis’s most coveted neighborhoods! This sun-filled rambler offers a rare combination of immediate cash flow and long-term equity growth. Located just blocks from the scenic Lake Nokomis, this property is a turnkey addition to any portfolio or a perfect "buy now, move in later" opportunity for a future homeowner. Property is currently rented. Lease end date is 10/1/2026.
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Active
Contingency: Inspection
Current Price: $225,000
Original List Price: 225000
ListPrice: 225000
List Date: 2026-02-26
Office/Member Info
Association: SPAAR
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 0
Waterfront Present: No
Year Built: 1924
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Lot Dimensions: 42x149
Acres: 0.15
Bath Three Quarters: 0
Bath Half: 0
Bath Quarter: 0
Main Floor Total SqFt: 532
Above Grd Total SqFt: 532
Below Grd Total SqFt: 532
Total Finished Sqft: 567.00
FireplaceYN: No
Foundation Size: 532
Style: (SF) Single Family
Garage Stalls: 1
Association Fee: 0
Assessment Pending: Unknown
Bedrooms: 1
Baths Total: 1
Bath Full: 1
Total SqFt: 1064
Location, Tax and Other Information
AssocFeeYN: No
Legal Description: LOT 026 BLOCK 003 C F E PETERSON CO NOKOMIS PARK
Listing City: Minneapolis
Map Page: 121
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2030
Property ID Number: 1902823220070
Tax Year: 2025
Tax Amount: 2790
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Secure your foothold in one of Minneapolis’s most coveted neighborhoods! This sun-filled rambler offers a rare combination of immediate cash flow and long-term equity growth. Located just blocks from the scenic Lake Nokomis, this property is a turnkey addition to any portfolio or a perfect "buy now, move in later" opportunity for a future homeowner. Property is currently rented. Lease end date is 10/1/2026.
Directions: Take 28th Ave South to 58th St East to 31st to Home
Accessible
None: 1
Air Conditioning
Central Air: 1
Amenities Unit
Hardwood Floors: 1
Kitchen Window: 1
Main Floor Primary Bedroom: 1
Primary Bedroom Walk-In Closet: 1
Appliances
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Assessments
Assessment Balance: 0
Assessment Installment: 0
Tax With Assessments: 2790
Basement
Full: 1
Bath Description
Full Primary: 1
Building Information
Finished SqFt Above Ground: 532
Finished SqFt Below Ground: 35
Construction Status
Previously Owned: 1
Exterior
Fiber Board: 1
Fencing
Chain Link: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Insurance Fee
Insurance Fee: 0
Laundry
Lower Level: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Supra: 1
Lot Description
Tree Coverage - Light: 1
Miscellaneous Information
DP Resource: Yes
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 200
Pool Description
None: 1
Public Survey Info
Range#: 23
Section#: 19
Township#: 28
Roof
Asphalt Shingles: 1
Sellers Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
Sewer
City Sewer/Connected: 1
Special Search
Main Floor Bedroom: 1
Stories
One: 1
Water
City Water/Connected: 1
Location Tax and Other Information
House Number: 5409
Street Name: 31st
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55417
Complex/Dev/Subdivision: C F E Peterson Co Nokomis Park
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Primary Bedroom Walk-In Closet
Appliances: Dryer; Range; Refrigerator; Washer
Basement: Full
Bath Description: Full Primary
Construction Status: Previously Owned
Exterior: Fiber Board
Fencing: Chain Link
Fuel: Natural Gas
Heating: Forced Air
Laundry: Lower Level
Lock Box Type: Supra
Lot Description: Tree Coverage - Light
Pool Description: None
Roof: Asphalt Shingles
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Special Search: Main Floor Bedroom
Stories: One
Water: City Water/Connected
Room Information
| Room Name | Dimensions | Level |
| First (1st) Bedroom | 9X9 | Main |
| Kitchen | 10X8 | Main |
| Living Room | 14X13 | Main |
Listing Office: eXp Realty
Last Updated: April - 28 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
