110 3rd Ave N Biwabik, MN 55708
Estimated payment $1,149/month
About This Home
Whether you want to increase your portfolio or have a live-in house hack. This property is perfect for your next cash-flowing investment. Currently used as a long-term rental but can be used as a short-term rental, this four-unit property has a mix of 2 two-bedrooms (both leased currently $1000 and $900/month), a one-bedroom ($835/month vacant), and one efficiency apartments ($750/month vacant). Current tenants are on month-to-month or soon-to-be-expiring leases. Three new water heaters in the last three years. The furnace has also been updated to natural gas. The electrical service has been updated to all breakers and potential laundry room wiring has been run already. Metal roof and blown-in insulation in the attic make this fairly easy to heat. All the utilities and heat are included in the tenants' rent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,148
Year Built
- Built in 1920
Parking
- Parking Lot
Home Design
- Quadruplex
- Wood Frame Construction
- Metal Roof
- Vinyl Construction Material
Interior Spaces
- 2,200 Sq Ft Home
- Stone or Rock in Basement
Additional Features
- Lot Dimensions are 125 x 50
- Heating System Uses Gas
Community Details
Overview
- 4 Units
Building Details
- Insurance Expense $2,541
- Utility Expense $9,219
- Gross Income $42,156
- Net Operating Income $22,592
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2024 | $3,148 | $114,300 | $5,400 | $108,900 |
| 2023 | $2,612 | $103,000 | $5,400 | $97,600 |
| 2022 | $1,574 | $45,900 | $5,400 | $40,500 |
| 2021 | $1,408 | $45,900 | $5,400 | $40,500 |
| 2020 | $1,414 | $45,900 | $5,400 | $40,500 |
| 2019 | $1,238 | $45,900 | $5,400 | $40,500 |
| 2018 | $1,380 | $45,900 | $5,400 | $40,500 |
| 2017 | $1,510 | $55,500 | $6,200 | $49,300 |
| 2016 | $1,318 | $61,000 | $6,200 | $54,800 |
| 2015 | $1,315 | $56,500 | $5,600 | $50,900 |
| 2014 | $1,315 | $58,800 | $5,600 | $53,200 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/11/2026 09/11/26 | For Sale | $160,000 | +14.4% | $73 / Sq Ft | |
| 03/15/2022 03/15/22 | Sold | $139,900 | 0.0% | $64 / Sq Ft | View Prior Sale |
| 01/20/2022 01/20/22 | Pending | -- | -- | -- | |
| 01/12/2022 01/12/22 | For Sale | $139,900 | +278.1% | $64 / Sq Ft | |
| 05/23/2014 05/23/14 | Sold | $37,000 | -- | $18 / Sq Ft | View Prior Sale |
| 09/13/2013 09/13/13 | Pending | -- | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $500 | The Title Team | |
| Warranty Deed | $139,900 | The Title Team | |
| Contract Of Sale | $139,900 | -- | |
| Warranty Deed | $37,000 | Northeast Title Co | |
| Contract Of Sale | $37,000 | None Available | |
| Warranty Deed | $56,500 | Arrowhead Abstract & Title C |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $33,000 | New Conventional | |
| Open | $105,000 | Construction | |
| Previous Owner | $50,400 | Commercial |
Source: Range Association of REALTORS®
MLS Number: 150670
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