3945 Main St NE Minneapolis, MN 55421

4 beds · 2 baths · 1,198 sq ft · Lot Size: 6,235 sq ft · Single Family Home
Est. Property Value: $244,630
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3945 Main St NE is in the 55421 neighborhood of Minneapolis, MN. It is located in Anoka County and ZIP code 55421. This Single Family Home was built in 1964 and is approximately 61 years old. The single family home spans 1198 sq ft with 4 bedrooms and 2 bathrooms and sits on a 6235 sq ft lot. According to public records, it was last sold in 2015 for $191,455 and has a tax-assessed value of $295,900, which is $204 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 3945 Main St NE Minneapolis, MN 55421 with Property Intel by Whitepages.

3945 Main St NE

Minneapolis, MN 55421

Neighborhood

Owners & Occupancy for 3945 Main St NE

No contact information is available.

Occupancy

Resident 1**************** age 39
Resident 2********************** age 43

Property Financials for 3945 Main St NE

3945 Main St NE, Minneapolis, MN has a mortgage from American Mtg & Equity Cnslts I (orig. March 08, 2021). The Anoka county assessment for 2023 values it at $295,900, with annual taxes of $4,152.

Mortgage & Equity Information

Loan Amount$******
LenderAmerican Mtg & Equity Cnslts I
Origination DateMarch 08, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity

Property Tax

Purchase DateMay 08, 2015
Property Tax Amount$4,152 in 2024
Purchase Price$191,455
Assessed Value$295,900 on 2023

Investment Potential for 3945 Main St NE

The property has a current estimated value of $244,630, which is 14% below the zip median, based on public records. It last sold on May 08, 2015 for $191K. Projected long-term
is $27,000 annually ($2,250 per month) with a 96% occupancy rate.

Discover more Single Family Homes in 55421.

Long-Term

Gross Rental
$27,000 per year($2,250 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 55421 zip code
 
View Rental Potential

Property Details for 3945 Main St NE

Property Details

Property Sq Ft

Living Area

1,198 sq ft

12% below market

Lot Size

6,235 sq ft

32% below market

Price Per Sq Ft

Living Area

$204 / sq ft

7% below market

Lot Size Area

$39 / sq ft

18% above market

Property condition, age, exterior, etc. for 3945 Main …
Longitude: -93.267424 Latitude: 45.040462 Parcel Number (APN): 35-30-24-32-0064…

Recommended Properties in 55421

Discover more single family homes near 3945 Main St NE in Minneapolis, Minnesota. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 3945 Main St NE in Anoka County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$244,630
$410,298
-$165,668 (-40%)
YoY Price Change
1.96%
-238%
Year Built
1964
1987
-23 years
Living Space
1,198 sq ft
2,316 sq ft
-1118 (-48%)
$ Per Living Sq Ft
$204
$180
$25 (14%)
Lot Size
6,235 sq ft
14,246 sq ft
-8011 (-56%)
$ Per Lot Sq Ft
$39
$28
$11 (40%)

Net Operating Income
$19,241
-$1,794 (-9%)
Annual Revenue
$27,000
$31,200
-$4,200 (-13%)
$11,863
-$2,310 (-19%)
Net Operating Income
$19,241
-$1,794 (-9%)
Cap Rate
4.76%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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