3115 Russell Ave N Minneapolis, MN 55411

Listing details for 3115 Russell Ave N, Minneapolis, MN 55411 : Unlock the potential for generational wealth through rental income and/or intergenerational living with this thoughtfully designed single-family home featuring an internal Accessory Dwelling Unit (ADU). The main level offers 4 bedrooms, 2 bathrooms, and a 2-car garage, with a heat pump and forced air system for efficient comfort. The internal ADU includes 2 bedrooms and 1 bathroom, its own heat pump and baseboard heating, making it ideal for extended family, friends, or chosen family. Enjoy the benefits of a modern energy-efficient system where you can save up to $3,800 annually on utilities compared to the average U.S. home thanks to this home's exceptional energy performance. Buyers must have a maximum household income under 60 % AMI based on family size, qualify for the Minneapolis Homes Program, and owner-occupy the home. Buyer does not need to use any specific down payment assistance program BUT Buyer must accept a minimum $1,000 down payment assistance from the city of Minneapolis; and can receive assistance up-to $10,000 downpayment assistance from the seller through the program.