4424 16th Avenue SMinneapolis, MN 55407
$390,000
3 bedrooms · 2 bathrooms · 1,625 finished sq ft · 0.13 acre lot
About this home
Welcome to 4424 16th Avenue S! ASSUMABLE FHA 2.99% loan with approximate balance: $240,000! Seller offering 3/2/1 rate BuyDown new loan at 7.5% (first year payment would 4.5%, second year 5.5%, third year 6.5%, then 7.5% for the remaining term Lease option/CD for qualified buyers Charming brick home offers 3 bedrooms, 2 bathrooms, and inviting living spaces across two levels. The bright main level features a spacious living room with a cozy fireplace, a dedicated dining area, and a functional kitchen with ample cabinetry and counter space. Two main-level bedrooms and an updated full bathroom complete the floor. Downstairs, you'll find even more room to spread out with a spacious family room, third bedroom, additional bathroom, laundry, and plenty of storage. Outside, enjoy a private fenced backyard with patio space, updated landscaping and retaining walls, plus a detached 1-car garage. Recent improvements include fresh interior paint, refinished flooring, an updated main-level bathroom, and a newer sewer line. Conveniently located near neighborhood favorites, parks, Minnehaha, Hiawatha Golf Course, dining, shopping, and easy access throughout the Twin Cities. Lease with Option, and a Lease for qualified clients/buyers with meaningful downpayment a 5.99% Contract for Deed (30 year amortized due in 5 years)
Home facts
- Home type
- Single-family home
- Style
- Single Family Residence
- Year built
- 1947
- Bedrooms
- 3
- Bathrooms
- 2
- Finished sq ft
- 1,625
- Lot
- 0.13 acres
- Garage
- 1 stalls
- Basement
- Finished
- Heating
- Natural Gas, Forced Air
- Cooling
- Ceiling Fan(s), Central Air
- Property taxes
- $5,040 a year
- Listed
- August 24, 2026
- MLS number
- 7088836
Listing courtesy of Pemberton RE (Ryan Walseth - TAYLRD Real Estate). MLS #7088836.
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Keller Williams Preferred Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.
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How it compares
4424 16th Avenue S, Minneapolis, MN 55407 is a 3-bedroom single-family home built in 1947 in Northrop, listed for $390,000 on August 24, 2026 by Pemberton RE. That is in the middle range of the 672 single-family homes for sale in Minneapolis right now (median $350,000; $240 per square foot here against $207 for the group). That works out to $240 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:09 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Northrop, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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