Laura Jewett

Laura Jewett

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Pending

$525,000

($118,271 down)
FHA

3148 Pleasant Avenue, Minneapolis, MN 55408

N/A
N/A
3,000 sqft
PITI Monthly
$2,962.22 /mo

Listing courtesy of: , Keller Williams Realty Integrity Lakes

Assumed Rate

2.86%
7.15%

Principal & Interest

$1,830 /mo
$2,984 /mo

What's Special

FRESH PAINT
MODERN
RENOVATED
INCOME POTENTIAL
RENTAL INCOME
INVESTMENT OPPORTUNITY

Welcome to this beautifully updated triplex located in the Lyndale neighborhood of Minneapolis. Featuring two well maintained units on the main level and a massive upper-level unit, each thoughtfully renovated with modern kitchens, stylish bathrooms, updated appliances, and fresh paint throughout. The lower two units are currently occupied by reliable, month-to-month tenants, providing immediate rental income with flexibility for future plans. Brand new coin laundry in the basement only adds to this income potential. Whether you're an investor looking for a solid cash-flowing property or an owner-occupant seeking to offset your mortgage with rental income, this triplex is a perfect fit. Located in a sought-after area near local shops, restaurants, parks, and easy transit options, this property blends convenience with long-term value. Don't miss out on this great turn-key investment opportunity. Plan your tour of this new listing today!

... Show more

Assumption Snapshot

Type of Loan
FHA
Interest Rate
2.86
Remaining Loan Term
26 years, 4 months
Monthly PITI
$2,962.22/mo
Estimated Loan Balance
$408,443
Cash to close
$118,271
Interest Paid
$44,524

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms:
  • Bathrooms:
Cooling & Heating
  • Cooling: Unknown
  • Heating: Boiler, Radiant
Features
  • Materials: Stucco
  • Community: Unknown
  • Has Fireplace: No
  • Fireplace Features: Unknown
  • Flooring: Unknown

Exterior

Fencing
  • Fencing: Unknown
Roof
  • Roof: Unknown
Parking
  • Garage: No
  • Garage Spaces: 0
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Pool
  • Has Pool: No
  • Pool Features: Unknown

Construction

Type & Style
  • Stories:
  • Home type: Triplex
  • Architectural Style: Unknown
Materials
  • Stucco
  • Roof: Unknown
Condition
  • Year Built: 1886
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Motor Line Add
  • Features: None
HOA
  • Has HOA: No
Location
  • Region: Minneapolis

Financial Details

  • Price per Sqft: $175
  • Tax Annual Amount: $7835
  • On Market Date: 2025-03-06T00:00:00.000Z
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $118,271 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $118,271!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.86% Sellers Rate
$406,729
Your Cash$118,271
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 2.86%
$1,830/mo
Traditional @ 7.5%
$3,096/mo
You save $1,266/month ($15,190/year)

*Secondary financing rates are an estimated value based on input

MLS ID: NST6681542

Listing From: northstar

Last updated: 2025-04-02T15:53:03.000Z

© , northstar. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

2.86%
7.15%

Principal & Interest

$1,830 /mo
$2,984 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $118,271 (23%)
You can enter any amount below - secondary financing will cover the difference if needed.
23%
$

You cover the entire equity of $118,271!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.86% Sellers Rate
$406,729
Your Cash$118,271
Total Purchase Price:$525,000

Assumed vs Traditional Mortgage

Assumed @ 2.86%
$1,830/mo
Traditional @ 7.5%
$3,096/mo
You save $1,266/month ($15,190/year)

*Secondary financing rates are an estimated value based on input

Follow Us
UMe Assumptions
Agent/Broker
Laura Jewett(480) 628-2563laura@azinspiredliving.comMLS SA525254000

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© Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Listing Service. Real estate listings held by brokerage firms other than are marked with the Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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