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3342 Prospect Ter; Minneapolis, MN Property Details

3342 Prospect Ter, Minneapolis, MN is a Single Family that was built in 1912. This property is currently Cash Purchase,Foreclosure and is not for sale. Our records show that 3342 Prospect Ter has 3 bedrooms, and 1 bathroom, and a total of 1,124 square feet. The lot size of 3342 Prospect Ter is 3,049 square feet.

For Rent
3342 Prospect Ter Minneapolis, MN 55414
$2,100 Listing Price
3 Beds
1 Baths
1,124 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1912
  • Purchase Price: $94,000
  • Open Loans / Balance: 1 / $1,700,000
  • Est. Equity / %: $-1,360,000 / -400%
  • Gross Yield: 8.245%
  • APN: 30-029-23-41-0023
  • Situs County: Hennepin
  • Length Of Ownership: 17 years, 6 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full Bathrooms: 1
  • Total Rooms: 6

Structure

  • Building Style: Wood
  • Stories: 1.5
  • Exterior Wall Type: Stucco
  • Building Condition: Average
  • Building Quality: D
  • Roof Type: Gable
  • Roof Cover Type: Asphalt

Measurements

  • Total: 1,124/SqFt
  • Lot: 3,049/SqFt
  • Gross: 1,820/SqFt
  • Living: 1,124/SqFt
  • Basement: 696/SqFt
  • Building: 1,820/SqFt
  • Ground: 696/SqFt
  • Price Per Square Foot: $83.63

Legal Description

  • Description: LOT 004 BLOCK 005 A PROSPECT PARK 1ST DIV REV COM AT A POINT IN S LINE OF LOT 3 DIS 24 5/10 FT WLY FROM SE COR THEREOF THENCE N PARALLEL WITH E LINE OF LOT 34 A DISTANCE OF 58 6/10 FT T 2575 SQ. FT.
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Minneapolis Public School District
  • Lat / Lon: 44.96804 / -93.210075
  • Subdivision: Prospect Park 1st Div Rev
  • Property Class: Residential
  • Zoning: R1A
  • County Use Code: R

Amenities

  • Plus Four: 3535
  • Cooling: Yes
  • Garage: Detached Garage
  • Heating: Forced air unit

Ownership Info

3342 Prospect Ter has no associated ownership info
3342 Prospect Ter has no associated ownership info.

Taxes

3342 Prospect Ter has 10 associated Taxes items

3342 Prospect Ter, Minneapolis, MN pays taxes in Hennepin County, MN. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $267,200. The APN we've located for 3342 Prospect Ter is 30-029-23-41-0023.

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Taxes
  • Assessed Value:  $267,200
  • Assessed Year:  2025
  • Assessed County:  Hennepin
  • APN:  30-029-23-41-0023
  • Assessed Land Value:  131000
  • Market Land Value:  131000
  • Tax Amount:  4136.4
  • Tax Year:  2025
  • Market Value:  267200
  • Market Year:  2025

Tax History

3342 Prospect Ter has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $267,200 Land Value $131,000 Improvement Value $136,200 Tax Amount $4,136.4 Change Rate +0.077996% Assessed CR Tax Rate +0.015481%
Year 2024 Assessed Value $258,000 Land Value $131,000 Improvement Value $127,000 Tax Amount $3,837.12 Change Rate +0.042458% Assessed CR Tax Rate +0.014873%
Year 2023 Assessed Value $282,000 Land Value $138,000 Improvement Value $144,000 Tax Amount $3,680.84 Change Rate +0.111237% Assessed CR Tax Rate +0.013053%
Year 2022 Assessed Value $245,000 Land Value $91,000 Improvement Value $154,000 Tax Amount $3,312.38 Change Rate +0.125634% Assessed CR Tax Rate +0.01352%
Year 2021 Assessed Value $239,000 Land Value $81,000 Improvement Value $158,000 Tax Amount $2,942.68 Change Rate +0.015123% Assessed CR Tax Rate +0.012312%
Year 2020 Assessed Value $220,000 Land Value $12,100 Improvement Value $207,900 Tax Amount $2,898.84 Change Rate +0.008671% Assessed CR Tax Rate +0.013177%
Year 2019 Assessed Value $200,000 Land Value $11,400 Improvement Value $188,600 Tax Amount $2,873.92 Change Rate +0.093136% Assessed CR Tax Rate +0.01437%
Year 2018 Assessed Value $192,500 Land Value $11,400 Improvement Value $181,100 Tax Amount $2,629.06 Change Rate +0.047543% Assessed CR Tax Rate +0.013657%
Year 2017 Assessed Value $163,000 Land Value $10,400 Improvement Value $152,600 Tax Amount $2,509.74 Change Rate -0.004364% Assessed CR Tax Rate +0.015397%
Year 2016 Assessed Value $158,500 Land Value $10,400 Improvement Value $148,100 Tax Amount $2,520.74 Change Rate -0.08298% Assessed CR Tax Rate +0.015904%
Year 2015 Assessed Value $158,500 Land Value $10,400 Improvement Value $148,100 Tax Amount $2,748.84 Change Rate Assessed CR Tax Rate +0.017343%
Year 2014 Assessed Value $138,000 Land Value $10,400 Improvement Value $127,600 Tax Amount Change Rate Assessed CR Tax Rate