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3438 Russell Avenue N, Minneapolis, MN 55412

$314,900

Inside from front porch stairs to unit 2

Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 3,000 Lot Size (sq. ft.): 5,663 Status: Closed

Current Price: $314,900 List Date: 4/15/2025 Last Modified: 6/17/2026

Overview

Description

This well-cared-for duplex has been owned by the same owner for over 40 years. It is always rented, easy to manage, and has a low-maintenance exterior. Both the upper and lower units have original charm, including built-in china cabinets, hardwood floors, and larger bedrooms for the time period. The basement laundry is comfortable for tenants and includes 2 high-efficiency furnaces and 2 100-amp breaker boxes. A detached garage provides extra income or can be provided to tenants. Pictures are of Unit 2.

Listing Details MLS# 6692353

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1924
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1000
Above Ground SqFt: 2000
Below Grd Total SqFt: 1000
Total SqFt: 3000
Foundation Size: 1000
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1815.00
Garage Stalls: 2
Lot Dimensions: 42 x128
Acres: 0.13
Assessment Pending: No

Property Features

Accessible: None Basement: Unfinished Construction Status: Previously Owned Exterior: Stucco Financing Terms: Conventional Foundation: Combination Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Lock Box Type: Combo Owner Pays: Sewer; Trash Collection; Water Rental License Type: Standard Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Gas; Heat Unit 1 Amenities: Hardwood Floors; Natural Woodwork; Porch Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Full Primary Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 2 Amenities: Hardwood Floors; Porch Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Full Primary Unit 2 Dining Room Description: Separate/Formal Dining Rm Water: City Water/Connected

Contract Information

Off Market Date: 2025-05-23
Contingency: None
Closed Date: 2025-06-13
Original List Price: 314900
ListPrice: 314900
Sales Close Price: 314900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3438
Street Name: Russell
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55412
Complex/Dev/Subdivision: Fletcher & Fletchers Add

Assessments

Tax With Assessments: 4048
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1815

More Information

Income and Expenses

Annual Caretaker Expense: Yes
Annual Electric Expense: Yes
Annual Fuel Expense: Yes
Annual Gross Expenses: Yes
Annual Gross Income: Yes
Annual Insurance Expense: 1400
Annual Maintenance Expense: Yes
Annual Net Income: Yes
Annual Repair Expense: Yes
Annual Trash Expense: Yes
Annual Water/Sewer Expense: 1800
Misc Monthly Income: Yes
Misc. Annual Income: Yes
Total Annual Expenses: Yes

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: Yes

Public Survey Info

Range#: 24
Section#: 08
Township#: 29

Unit 1

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: Yes
Annual Rent: 14100
Finished SqFt: 900
Full Baths: Yes
Monthly Expense: Yes
Monthly Rent: 1275
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 2

Furnished?: No
Lease Expiration Date: 2025-04-30
Leased?: No
Unit Number: 2
Annual Rent: 16800
Finished SqFt: 910
Full Baths: Yes
Monthly Expense: Yes
Monthly Rent: 1400
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 2

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 010 BLOCK 002 FLETCHER & FLETCHERS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 4704
Property ID Number: 0802924110023
Tax Year: 2024
Tax Amount: 4048
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: This well-cared-for duplex has been owned by the same owner for over 40 years. It is always rented, easy to manage, and has a low-maintenance exterior. Both the upper and lower units have original charm, including built-in china cabinets, hardwood floors, and larger bedrooms for the time period. The basement laundry is comfortable for tenants and includes 2 high-efficiency furnaces and 2 100-amp breaker boxes. A detached garage provides extra income or can be provided to tenants. Pictures are of Unit 2.
Directions: Lowry to Russell, North on Russell to home on Right

Accessible

None: Yes

Basement

Unfinished: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Financing Terms

Conventional: Yes

Foundation

Combination: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Basement: Yes

Lock Box Type

Combo: Yes

Owner Pays

Sewer: Yes
Trash Collection: Yes
Water: Yes

Rental License Type

Standard: Yes

Roof

Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes
Gas: Yes
Heat: Yes

Unit 1 Amenities

Hardwood Floors: Yes
Natural Woodwork: Yes
Porch: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Full Primary: Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 2 Amenities

Hardwood Floors: Yes
Porch: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Full Primary: Yes

Unit 2 Dining Room Description

Separate/Formal Dining Rm: Yes

Listing Office: Bridge Realty, LLC

Last Updated: June - 17 - 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.