NOT LISTED FOR SALE

102 2nd Ave SW Chisholm, MN 55719

Estimated Value: $241,000 - $252,000

9 Beds
5 Baths
6,104 Sq Ft
$40/Sq Ft Est. Value

Last Sold September 15, 2014

Last sale price $120,000 $20 Per Sq Ft

Est. 105% increase in value since last sale

Current estimated payment $1,467/month

Highlights

  • Hot Water Heating System
  • Garage
  • 3-minute walk to Playground

About This Home

As of September 2014

Unit 6: 5 Rm, 1 BR, 1 BA, Appl Y, Rent $400, Util Partial, Unit 7: 5 Rm, 1 BR, 1 BA, Appl Y, Rent $425, Util Partial. 2 Stall Garage. Basement Storage Areas. New Metal roof 2011. New Gas Furnace in 2010. Fuel Oil Back-up Furnace new in 2007. Lateral sewer has been replaced. The work is all done - Building is in excellent condition and has outstanding cash flow and great rental history! Includes All Stoves, Refrigerators, Mower, Snowblower, Misc. Washer Dryer hookups, no on-site laundry currently set up.

Last Agent to Sell the Property

Marcy Johnson

Johnson Hometown Realty License #40548574 Listed on: 07/10/2014

Co-Listed By

Wayne Johnson

Johnson Hometown Realty License #90273

Last Buyer's Agent

Marcy Johnson

Johnson Hometown Realty License #40548574 Listed on: 07/10/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,997

Year Built

  • Built in 1908

Lot Details

  • Lot Dimensions are 125 x 50

Parking

  • Garage

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Vinyl Construction Material

Interior Spaces

  • 6,104 Sq Ft Home
  • Basement Fills Entire Space Under The House

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas

Community Details

Overview

  • 7 Units

Building Details

  • Insurance Expense $500
  • Utility Expense $8,080
  • Gross Income $36,600
  • Net Operating Income $25,023

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,997

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Real Estate Tax: 1997
  • Total Above Grade Sq Ft: 6104
  • Type: Apartment Complex
  • Year Built: 1908
  • Inclusions: All Stoves, Refrigerators, Mower, Snowblower, Misc
  • Lot Size Length: 125
  • Lot Size Width: 50
  • Utilities Expenses: 8080
  • Insurance Expenses: 500
  • Net Income: 25023
  • Projected Income: 36600
  • Rent: Negotiable
  • Repairs Maint Expenses: 1000
  • Total Expense: 11677
  • Total Income: 36600
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 6104
  • Basement: Full, Poured
  • Lower Level Sq Ft: 3052
  • Main Level Sq Ft: 3052
  • Upper Level Sq Ft: 3052

Exterior Features

  • Exterior: Vinyl
  • Roof: Metal
  • Outside Features: Garage

Garage/Parking

  • Parking: Garage, On Street Parking

Utilities

  • Utilities: City Sewer, City Water
  • Heating: Gas, Hot Water

Fee Information

  • Rent Income: 36600

Schools

  • School District: Chisholm

Lot Info

  • Zoning: 205

Rental Info

  • Actual Income: 36600

Multi Family

  • Number Of Units: 7

Tax Info

  • Taxes: 1997

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2021
Sold by
Nenadich Samuel A
Bought by
Nenadich Samuel A and Nenadich Suzanne
Current Estimated Value
$246,500

Purchase Details

Closed on
Sep 14, 2018
Sold by
Sulentic Milo N
Bought by
Nenadich Samuel A

Purchase Details

Listed on
Jul 10, 2014
Closed on
Sep 15, 2014
Sold by
Mccarter James Joseph and Mccarter Erin Kay
Bought by
Sulentic Milo N
Seller's Agent
Marcy Johnson
Johnson Hometown Realty
Buyer's Agent
Marcy Johnson
Johnson Hometown Realty
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.01%
Original Mortgage
$73,500
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 8, 2005
Sold by
Krueger Kenneth Karl and Krueger Lisa Ann
Bought by
Mccarter James Joseph

Purchase Details

Closed on
Mar 7, 2001
Sold by
Riendeau Laurence
Bought by
Krueger Kenneth K and Mccarter James J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,200
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Nenadich Samuel A -- None Listed On Document
Nenadich Samuel A $5,000 None Available
Sulentic Milo N $120,000 None Available
Mccarter James Joseph $15,000 --
Krueger Kenneth K $89,000 Consolidated Title & Abstrac
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Koskela Kristina R $2,297
Previous Owner Sulentic Milo N $73,500
Previous Owner Krueger Kenneth K $71,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2014 09/15/14 Sold $120,000 -- $20 / Sq Ft
07/10/2014 07/10/14 Pending -- -- --
Source: Range Association of REALTORS®

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 $1,994 $178,800 $6,600 $172,200
2022 $80 $137,700 $5,500 $132,200
2021 $84 $3,700 $3,700 $0
2020 $80 $3,700 $3,700 $0
2019 $82 $3,700 $3,700 $0
2018 $1,760 $3,700 $3,700 $0
2017 $1,602 $84,200 $3,700 $80,500
2016 $1,684 $77,700 $4,000 $73,700
2015 $1,855 $77,700 $4,000 $73,700
2014 $1,855 $76,600 $3,800 $72,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 120134

Range Association of REALTORS®

APN: 020001006170