
118 SE 3rd Avenue, Grand Rapids, MN 55744
4 Beds | 2 Baths | 1,188 Sq Ft | Single Family Home | MLS# 7108705
Price Reduced — was $219,900 (↓ $5,000) · M Markdowns
Is 118 SE 3rd Avenue a Good Deal?
BuyPulse Verdict
Strong Value
At $181/sqft — This home is priced 9% below the typical Grand Rapids single-family home of $199/sqft.
Your Negotiating Position: 70 — Strong buyer leverage
Powered by the Realgorithm™ — 83 active Grand Rapids listings · NorthstarMLS
$1,385/month Estimated
- Principal & interest
- $1,087
- Property taxes
- $166
- Home insurance (est.)
- $125
- Special assessments
- $7
- HOA dues
- None
20% down ($42,980) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
Located in Revision Of Blk 55 Town Of Grand Rapids, Grand Rapids, MN.
About This Home
Well cared for updated 2 story home in SE Grand Rapids, close to the YMCA. Since 2016 updates include siding, roof, windows, kitchen and more! 4 bedrooms with 1 on the main floor, laundry in lower level. Very clean and bright! Deck will be repaired prior to close. Fireplace never used, stove will be replaced with accepted offer.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $161K and $269K in Grand Rapids:
- The field: 23 similar Grand Rapids homes for sale — you have options.
- Tempo: homes like this went pending in a median 12 days — 4 of the last 13 inside 4 days.
- Negotiation: 60% of the last 15 sales here closed at or over list — Grand Rapids doesn't discount.
Powered by the Realgorithm™ — 15 real Grand Rapids closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1999
- Above Grade
- 1,188 sq ft
- Lot Size
- 0.17 acres
- Garage
- 1-car (Detached Garage)
- Heating
- Forced Air
- Cooling
- None
- Basement
- Yes
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $1,991
- Special Assessments
- $81
- County
- Itasca
- Days on Market
- 47
118 SE 3rd Avenue is listed in Grand Rapids, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 118 SE 3rd Avenue
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Grand Rapids real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by MN DIRECT PROPERTIES · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7108705 · Data refreshed August 6, 2026
Similar Homes for Sale Near 118 SE 3rd Avenue, Grand Rapids, MN
Frequently Asked Questions About 118 SE 3rd Avenue
- Is $214,900 a good price for a home in Grand Rapids?
- According to BuyPulse, 118 SE 3rd Avenue rates Strong Value — at $181/sqft it's priced 9% below the typical Grand Rapids single-family home of $199/sqft. Its negotiating-position score is 70/100 (Strong buyer leverage), weighed on days on market, comparable inventory, and how Grand Rapids homes are closing versus list. Powered by the Realgorithm™. Browse Grand Rapids homes for sale to compare.
- What are the special assessments at 118 SE 3rd Avenue — and what do they mean?
- This property has $81/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $1,991/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 118 SE 3rd Avenue have a basement?
- Yes, 118 SE 3rd Avenue has a basement.
- What type of heating and cooling does 118 SE 3rd Avenue have?
- 118 SE 3rd Avenue has Forced Air heating and None cooling.
- Where is 118 SE 3rd Avenue located?
- 118 SE 3rd Avenue is in the Revision Of Blk 55 Town Of Grand Rapids neighborhood of Grand Rapids, MN 55744, in Itasca County.
- Is 118 SE 3rd Avenue still available?
- Yes — 118 SE 3rd Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 118 SE 3rd Avenue built?
- 118 SE 3rd Avenue was built in 1999. It features a poured concrete foundation.
- How many homes like 118 SE 3rd Avenue are for sale in Grand Rapids?
- 23 similar homes (single-family homes between $161K and $269K in Grand Rapids) are for sale right now — you have options.
- How fast do homes like 118 SE 3rd Avenue sell in Grand Rapids?
- Homes like this one (single-family homes between $161K and $269K in Grand Rapids) went pending in a median 12 days over the last 90 days — 4 of the last 13 went under contract within 4 days.
- Do homes in Grand Rapids sell for asking price?
- 60% of the last 15 comparable Grand Rapids sales closed at or over list price — Grand Rapids doesn't discount. Based on real NorthstarMLS closings, not estimates.
- What does "M Markdowns" mean?
- M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
- What does "BuyPulse" mean?
- BuyPulse is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Grand Rapids area.