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3019 Bryant Ave S APT 102
Minneapolis, MN

3019 Bryant Ave S APT 102

$131,750
1 bd • 1 ba • 760 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$131,750

Price/Sq.Ft

$173

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 3019 Bryant Ave S APT 102, Minneapolis, MN 55408 offers exceptional value at $173.36/sqft, which is approximately 25% below the Minneapolis average of $231/sqft for similar properties. The 760 sqft layout efficiently utilizes space, ideal for singles or couples. The location in the desirable Uptown area provides excellent walkability and access to amenities. The interior showcases modern, stylish finishes with hardwood floors, recessed lighting, and contemporary furniture, indicating recent updates. Large windows allow ample natural light, enhancing the sense of space. The open concept living/dining area is perfect for entertaining and maximizes the available square footage.

The Bad

At 760 sqft, the property is approximately 15% smaller than the average one-bedroom apartment in Minneapolis (typically around 900 sqft). The lack of detailed information about the year built, utilities, and systems raises concerns about potential hidden maintenance issues. The absence of listed property features suggests limited amenities, which may impact long-term value and livability. The single bathroom could be a drawback for some buyers, potentially limiting resale appeal.

The Ugly

The property's price of $131,750, while attractive, may indicate underlying issues or necessary renovations not visible in the provided image. Given Minneapolis's harsh winters, the lack of information about the heating system, insulation, and windows is concerning. These could lead to high energy costs and potential comfort issues. The apartment's location on the first floor (APT 102) may present security concerns and increased noise levels from street traffic. Without information on HOA fees, parking situation, or building amenities, there could be significant hidden costs affecting the total cost of ownership.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for first-time homebuyers or young professionals with an annual income of approximately $45,000-$55,000, based on a 28% front-end debt-to-income ratio. It's ideal for those prioritizing location over space, valuing walkability and urban amenities. Investors looking for rental properties could benefit from the unit's potential for short-term rentals or steady long-term tenants, given the median income of $64,911 in the area and average one-bedroom rental rates of $1,270/month, potentially yielding a gross rental yield of 11.6%.

Not For

This property is not suitable for families or those requiring more than one bedroom. It's also not ideal for buyers seeking a low-maintenance lifestyle, as the lack of information on building amenities suggests limited services. Individuals with mobility issues may find the potential lack of elevator access (given it's apartment 102) challenging. High-income earners looking for luxury amenities or significant space would likely find this property lacking.
Demographics
Area Median Income

$64,911

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Risk Assessment

Risk Analysis

Potential risks include higher-than-average maintenance costs due to the unknown age and condition of major systems. The property's first-floor location may lead to higher insurance premiums due to increased break-in risk. Minneapolis's climate poses risks of frozen pipes and potential water damage if proper insulation and heating systems are not in place. The lack of parking information could mean additional costs for securing a spot in this urban area. Future special assessments for building improvements could significantly impact the total cost of ownership.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$161,333

22.5% above list price

Median Price

$180,000

Based on 6 recent sales

Price per Sq.Ft

$215

Comparable Properties

2512 Lyndale Avenue S #2512B, Minneapolis, MN 55405
Price: $180,000
Sq.Ft: 750
Beds/Baths: 1/1
$/Sq.Ft:
$24038.4%
Sale Date: 12/2/2024
2630 Pleasant Avenue #202, Minneapolis, MN 55408
Price: $100,000
Sq.Ft: 785
Beds/Baths: 2/1
$/Sq.Ft:
$12726.5%
Sale Date: 10/29/2024
3529 Lyndale Avenue S #1, Minneapolis, MN 55408
Price: $188,000
Sq.Ft: 849
Beds/Baths: 1/1
$/Sq.Ft:
$22127.7%
Sale Date: 11/15/2024
111 E Franklin Avenue #212, Minneapolis, MN 55404
Price: $150,000
Sq.Ft: 690
Beds/Baths: 1/1
$/Sq.Ft:
$21725.4%
Sale Date: 10/15/2024
2701 Harriet Avenue #203, Minneapolis, MN 55408
Price: $150,000
Sq.Ft: 624
Beds/Baths: 1/1
$/Sq.Ft:
$24038.7%
Sale Date: 10/29/2024
2625 Pillsbury Avenue S #102, Minneapolis, MN 55408
Price: $200,000
Sq.Ft: 815
Beds/Baths: 2/1
$/Sq.Ft:
$24541.6%
Sale Date: 9/3/2024

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