1999 single family home for sale at 118 SE 3rd Avenue in Grand Rapids, MN — 4 bed, 2 bath (photo 1 of 2)

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

$214,900

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.

Grand Rapids, MN Active

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®

Schedule a Home Tour View Full Listing & Photos

MLS# 7108705 · Data refreshed August 6, 2026

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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.