NOT LISTED FOR SALE

Estimated Value: $392,000 - $504,000

3 Beds
1 Bath
4,030 Sq Ft
$105/Sq Ft Est. Value

Last Sold May 14, 2013

Last sale price $15,000 $4 Per Sq Ft

Est. 2,725% increase in value since last sale

Current estimated payment $2,926/month

14 Days on Market

About This Home

As of May 2013

Huge 4 unit building just waiting for your finishing touches. Come see the enormous potential in this property! This is a great opportunity for rental income!

Last Agent to Sell the Property

Nicholas Reimler

Results Support Services, Inc Listed on: 01/09/2013

Last Buyer's Agent

Ross Lumley

RE/MAX Advantage Plus

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 42x126

Home Design

  • Stucco Exterior

Interior Spaces

  • 4,030 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Assessment Balance: 4507
  • Assessments: Yes
  • Construction: Previously Owned
  • Projected Closed Date: 10/05/2013
  • Stories: 2 Story
  • Taxes With Assessments: 6324
  • Estimated Number of Acres: 0.13
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2015
  • Total Fin Square Footage: 4030
  • Below Grade Finished Sq Ft: 2015

Exterior Features

  • Exterior: Stucco

Schools

  • School District: Minneapolis #1

Lot Info

  • Estimated Lot Dimensions: 42x126

Building Info

  • Year Built: 1920

Multi Family

  • Total Units Available: 4

Tax Info

  • Year: 2012
  • Tax Value: 1817

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 21, 2022
Sold by
Olsen Houses Llc
Bought by
1008 Morgan Ave North Llc
Total Days on Market
14
Current Estimated Value
$423,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Outstanding Balance
$289,305
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$134,413

Purchase Details

Closed on
Mar 16, 2022
Sold by
Olsen Houses Llc
Bought by
1008 Morgan Ave North Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$307,500
Outstanding Balance
$289,305
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$134,413

Purchase Details

Closed on
Aug 20, 2021
Sold by
Olsen Mark D and Olsen Kay E
Bought by
Olsen Houses Llc

Purchase Details

Closed on
May 14, 2021
Sold by
Duke Andre and Duke Katina M
Bought by
Olsen Mark D and Olsen Kay E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
3.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 17, 2017
Sold by
City Of Minneapolis
Bought by
Duke Andre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$134,750
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
May 6, 2016

Purchase Details

Listed on
Jan 9, 2013
Closed on
May 13, 2013
Sold by
The Bank Of New York Mellon
Bought by
Vulture Capital Llc
Seller's Agent
Nicholas Reimler
Results Support Services, Inc
Buyer's Agent
Ross Lumley
RE/MAX Advantage Plus
List Price
$20,500
Sold Price
$15,000
Premium/Discount to List
-$5,500
-26.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.89%

Purchase Details

Closed on
Mar 20, 2012
Sold by
Bank Of America Na
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jan 4, 2011
Sold by
Mertes Robert J
Bought by
Bac Home Loans Servicing Lp

Purchase Details

Closed on
Oct 12, 2004
Sold by
Igherighe Roxanne and Igherighe Ben
Bought by
Mertes Robert J and Mertes Brenda Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 9, 2001
Sold by
Zeman Robert D
Bought by
Igherighe Roxanne and Igherighe Ben
Source: Public Records

Similar Homes in Minneapolis, MN

  • 1134 Lincoln St NE, Minneapolis, MN 55413

    $359,000

    • 4 Beds
    • 2 Baths
    • 1,810 Sq Ft
    • 1134 Lincoln St NE
    • Minneapolis, MN

    Great Investment Opportunity in Northeast Minneapolis! This charming duplex offers a total of 4 bedrooms and 2 bathrooms, perfect for investors or owner-occupants looking to supplement their income. Located in a prime location, you’ll be close to all that Minneapolis has to offer, including shops, restaurants, parks, and more. A must-see rental property!

    Xai Xiong Home Sellers

    Section Image
  • 3345 31st Ave S, Minneapolis, MN 55406

    $390,000

    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 3345 31st Ave S
    • Minneapolis, MN

    Classic up/down duplex with all plumbing, gas systems, floors and kitchen cabinets updated. All bathrooms remodeled. Both units share laundry in the basement. First floor unit is 1 bed/1 bath. Second floor unit is 2 bed/1 bath.

    Melissa Clawson eXp Realty

    Section Image
  • 1925 Glenwood Ave, Minneapolis, MN 55405

    $389,900

    • 5 Beds
    • 2 Baths
    • 2,570 Sq Ft
    • 1925 Glenwood Ave
    • Minneapolis, MN

    Don't miss this beautifully maintained up/down duplex, ideally located near downtown Minneapolis, Theo Wirth Park, and the sought-after Bryn Mawr neighborhood. Lovingly cared for by the owner-occupant in the upper unit, this property offers comfort, convenience, and smart updates throughout.The lower unit features updated appliances, brand-new carpet, fresh vinyl flooring and new paint making

    Lindsey Johnson RE/MAX Results

    Section Image
  • 1722 James Ave N, Minneapolis, MN 55411

    $389,900

    • 5 Beds
    • 2 Baths
    • 2,480 Sq Ft
    • 1722 James Ave N
    • Minneapolis, MN

    This is a unique property that has been owner occupied for 52 years. This owner did not bend to fads or fashion in housing so you will find all of the original wood and woodwork has been unpainted. Outstanding features include room sizes, ceiling height, built in buffets and a general feeling of peace and calm. The huge front porches have a beautiful view of North Commons Park. The back yard is

    Sandy Loescher Sandy Green Realty, Inc.

    Section Image
  • 1605 Dupont Ave N, Minneapolis, MN 55411

    $425,000

    • 4 Beds
    • 2 Baths
    • 3,758 Sq Ft
    • 1605 Dupont Ave N
    • Minneapolis, MN

    This property is MINT! Don't miss your chance at this gorgous duplex which has undergone a top-to-bottom renovation, in prestigous Old Highland. Updates include brand new kitchens and baths with solid granite countertops, stainless steel appliances, new hardware, lighting, luxe carpet, plus refinished hardwood floors. On top of that, the property has a new roof (2023,) central air conditioning

    Constance Vork Keller Williams Realty Integrity Lakes

    Section Image
  • 1812 Golden Valley Rd, Minneapolis, MN 55411

    $329,000

    • 4 Beds
    • 2 Baths
    • 2,262 Sq Ft
    • 1812 Golden Valley Rd
    • Minneapolis, MN

    Meticulously maintained up-and-down duplex totaling over 2,200 square feet of finished living space. Situated on a corner lot with 3 garage stalls-each unit features 2 bedrooms, 1 bathroom, and a spacious, sun-filled sunroom! Recent updates include a modernized kitchen, new boilers for each unit, new flooring, new windows, updated bathrooms, fresh paint, architectural shingles and updated

    Raehab Madkour Sail

    Section Image
  • 1810 Chestnut Ave, Minneapolis, MN 55405

    $350,000

    • 6 Beds
    • 2 Baths
    • 2,646 Sq Ft
    • 1810 Chestnut Ave
    • Minneapolis, MN

    Investor's delight- gain quick equity with cosmetic improvements! This very large duplex has 1300+ finished square feet for each unit, plus an attic space that could be finished as a great flex area! Each unit has its own laundry and a large eat-in kitchen. High ceilings create spacious living! Front porches were completely enclosed to create more interior living space, too! Excellent

    Jennifer Geisinger Luke Team Real Estate

    Section Image
  • 2723 Dupont Ave N, Minneapolis, MN 55411

    $335,000

    • 6 Beds
    • 2 Baths
    • 1,970 Sq Ft
    • 2723 Dupont Ave N
    • Minneapolis, MN

    Spacious duplex in North Minneapolis! Featuring 3 bedrooms and 1 bath on each level, this property is perfect for multi-generational living or rental income. Both units offer comfortable living spaces and plenty of natural light. Conveniently located near parks, schools, and public transportation. A great investment opportunity!

    Kurt Weishalla Elevate Realty LLC

    Section Image
  • 1408 Douglas Ave Unit 2, Minneapolis, MN 55403

    $499,000

    • 2 Beds
    • 1 Bath
    • 1,325 Sq Ft
    • 1408 Douglas Ave
    • Unit 2
    • Minneapolis, MN

    Charming and sun filled upper level condo in the heart of Lowry Hill! This thoughtfully updated home combines historic character with modern comfort in one of Minneapolis’ most walkable and beloved neighborhoods. The spacious living room features hardwood floors, a beautiful marble fireplace and large south facing windows that flood the space with natural light. The cozy year round sunroom is

    Richard Newman DRG

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1008 Morgan Ave North Llc $410,000 --
1008 Morgan Ave North Llc $410,000 Dca Title
Olsen Houses Llc -- Title Specialists Inc
Olsen Mark D $380,000 Arden Title Llc
Duke Andre $5,000 None Available
-- $1,000 --
Vulture Capital Llc $15,000 Mlg Title Llc
The Bank Of New York Mellon -- None Available
Bac Home Loans Servicing Lp $262,524 --
Mertes Robert J $250,000 --
Igherighe Roxanne $157,500 --
Olsen Mark Mark $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1008 Morgan Ave North Llc $307,500
Closed 1008 Morgan Ave North Llc $307,500
Closed 1008 Morgan Ave North Llc $307,500
Previous Owner Olsen Mark D $277,500
Previous Owner Quinn Duke Andre $175,000
Previous Owner Duke Andre $134,750
Previous Owner Mertes Robert J $200,000
Previous Owner Mertes Robert J $25,000
Closed Olsen Mark Mark $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2013 05/14/13 Sold $15,000 -26.8% $4 / Sq Ft
01/23/2013 01/23/13 Pending -- -- --
01/09/2013 01/09/13 For Sale $20,500 -- $5 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $6,575 $411,000 $16,000 $395,000
2022 $4,012 $411,000 $16,000 $395,000
2021 $1,780 $114,000 $3,900 $110,100
2020 $1,929 $177,500 $18,900 $158,600
2019 $2,513 $177,500 $12,600 $164,900
2018 $899 $138,500 $6,300 $132,200
2017 $0 $0 $0 $0
2016 -- $0 $0 $0
2015 $16,487 $34,500 $5,600 $28,900
2014 -- $30,000 $5,600 $24,400
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4429128

REALTOR® Association of Southern Minnesota

APN: 21-029-24-22-0015