NOT LISTED FOR SALE

111 2nd St NW Aitkin, MN 56431

Estimated Value: $170,000 - $217,000

3 Beds
2 Baths
1,791 Sq Ft
$111/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $162,500 $91 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,160/month

138 Days on Market

Highlights

  • Community Garden
  • Accessible for Hearing-Impairment
  • Forced Air Zoned Heating and Cooling System
  • Rear Porch
  • Parking Storage or Cabinetry

About This Home

As of March 2024

Come take a look at this newly renovated two unit property in the heart of Aitkin! This property features an up-and-down duplex configuration, providing two separate living units that can generate rental income. Both units are beautifully done. Unit one is a main floor unit that can offer two bedrooms and a full bathroom or could be used as a commercial office space. Unit two is an upper level unit with an efficient kitchen/dining space, living room, two bedrooms, and full bath. Property has a large storage shed and a partially fenced in play area for children or pets! The property is located in a convenient location with easy access to parks, retail, and dining.

Last Agent to Sell the Property

Dawson Piepho

Counselor Realty Brainerd Lakes Listed on: 10/25/2023

Co-Listed By

Chad Piepho

Counselor Realty Brainerd Lakes

Last Buyer's Agent

Randa Haug

Pemberton RE

Pemberton RE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,100

Year Built

  • Built in 1940

Lot Details

  • Lot Dimensions are 50x150x50x150
  • Chain Link Fence

Home Design

  • Duplex
  • Brick Foundation
  • Vinyl Siding

Interior Spaces

  • 1,791 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Parking

  • Garage
  • Parking Storage or Cabinetry

Utilities

  • Forced Air Zoned Heating and Cooling System
  • 200+ Amp Service

Additional Features

  • Accessible for Hearing-Impairment
  • Rear Porch

Listing and Financial Details

  • Assessor Parcel Number 561006900

Community Details

Overview

  • 2 Units
  • Plan Of Aitkin Subdivision

Amenities

  • Community Garden

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,100

Year Built

Built in 1940

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: Accessible for Hearing-Impairment, Door Lever Handles
  • Water Source: City Water/Connected, City Water - In Street
  • Association Amenities: Common Garden
  • Year Built: 1940
  • Above Grade Finished Sq Ft: 1791
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Fiber Optic
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Brick/Mortar, Owner Access, Unfinished
  • Living Area: 1791
  • Basement YN: Yes
  • Appliances: Microwave,Range
  • Number Of Fireplaces: 0
  • Appliances: Microwave,Range
  • Number Of Fireplaces: 0
  • FamilyRoomRoomFeatures: Family Room

Beds/Baths

  • Total Bedrooms: 3

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: Chain Link
  • ConstructionMaterialsDesc: Concrete,Stone
  • PatioPorchType: Rear Porch

Garage/Parking

  • Parking Features: Detached, Gravel, Storage

Utilities

  • Heating: Forced Air, Zoned
  • Sewer: City Sewer/Connected, City Sewer - In Street
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Aitkin
  • SchoolDistrictPhone: 218-927-2115

Lot Info

  • Topography: Level
  • Lot Size: 50x150x50x150
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Business/Commercial,Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 561006900
  • Tax Annual Amount: 3100
  • TaxWithAssessments: 0.0000

Multi Family

  • ElectricExpense: 1497
  • FuelExpense: 1564
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
Mar 15, 2024
Sold by
Aitkin Advocates Against Domestic Abuse
Bought by
Fairchild Michael and Fairchild Evonne
Seller's Agent
Dawson Piepho
Counselor Realty Brainerd Lakes
Buyer's Agent
Randa Haug
Pemberton RE
List Price
$175,000
Sold Price
$162,500
Premium/Discount to List
-$12,500
-7.14%
Views
225
Current Estimated Value
$198,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,461
Avg. Annual Appreciation
10.54%

Purchase Details

Closed on
May 1, 2000
Bought by
Aitkin Advocates Against Domestic A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fairchild Michael $162,500 --
Aitkin Advocates Against Domestic A $65,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2024 03/15/24 Sold $162,500 -4.4% $91 / Sq Ft
03/12/2024 03/12/24 Pending -- -- --
12/29/2023 12/29/23 Price Changed $170,000 -2.9% $95 / Sq Ft
10/25/2023 10/25/23 For Sale $175,000 -- $98 / Sq Ft
Source: NorthstarMLS

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
2025 $1,360 $194,200 $49,000 $145,200
2024 -- $187,300 $49,000 $138,300
2023 $0 $177,500 $39,200 $138,300
2022 $0 $159,800 $39,200 $120,600
2021 $0 $144,300 $39,200 $105,100
2020 $0 $137,000 $39,200 $97,800
2019 $0 $136,700 $39,200 $97,500
2018 $0 $135,800 $39,200 $96,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6451970

NorthstarMLS

APN: 56-1-006900 01

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