NOT LISTED FOR SALE

1111 4th St NW Austin, MN 55912

Estimated Value: $113,000 - $160,000

3 Beds
2 Baths
1,790 Sq Ft
$79/Sq Ft Est. Value

Last Sold July 31, 2024

Last sale price $95,000 $53 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $944/month

186 Days on Market

Highlights

  • Corner Lot
  • 2 Car Attached Garage
  • Forced Air Heating System

About This Home

As of July 2024

Great investment opportunity on a corner lot in northwest Austin located 1 block from Mayo Clinic Health System. Duplex upper/lower). Lower unit has 2 bedrooms, 3/4 bath, kitchen, formal dining room & living room. Upper unit has 1 bedroom, 3/4 bath, kitchen/dining & living room. Interior in both units has been recently painted. Interior needs new floor coverings and some trim. Shared laundry (no coins) in basement for both unites. All new replacement windows and exterior doors and new forced air furnace in the past 8 years. Lower unit rents for $800/mth and upper for $600/mth. Attached single car garage goes with lower unit and detached garage goes with the upper unit. Separate entrances for both units. This was originally built as a single-family home that was converted to a duplex. This property could easily be converted back to a 4-5 bedroom single-family home. Updated 100-amp electrical panel.

Last Agent to Sell the Property

Larry Jacobson

Better Homes and Gardens Real Estate First Choice Listed on: 12/12/2023

Better Homes and Gardens Real Estate First Choice

Last Buyer's Agent

Alex Brainard

Harbor Realty & Management Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,068

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 44x135
  • Corner Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 1,790 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Partial Basement
  • Stone or Rock in Basement
  • Crawl Space

Utilities

  • Forced Air Heating System
  • 100 Amp Service
  • Cable TV Available

Community Details

  • 2 Units
  • Woodlawn Park Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, grounds care, trash collection
  • The owner pays for electricity, fuel, insurance, repairs, snow removal, taxes, water
  • Assessor Parcel Number 347900520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,068

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: None
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 1790
  • Water Sewer Expenses: 1131
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Cable
  • FoundationDimensions: 12x29
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Crawl Space, Partial, Stone/Rock, Unfinished
  • Living Area: 1790
  • Owner Pays: Electricity, Fuel, Insurance, Repairs, Snow Removal, Taxes, Water
  • Basement YN: Yes
  • Amenities: None
  • Appliances: Dryer,Electric Water Heater,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Amenities: Walk-Up Attic
  • Appliances: Dryer,Electric Water Heater,Range
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 3

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Parking Features: Attached Garage, Detached, Gravel, Concrete
  • Garage Square Feet: 420
  • Garage Door Height: 7
  • Other Parking Spaces: 0
  • Other Parking Spaces: 0

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Austin
  • SchoolDistrictNumber: 492
  • SchoolDistrictPhone: 507-460-1900

Lot Info

  • Topography: Level
  • Lot Size: 44x135
  • Land Lease: No
  • Lot Features: Corner Lot, Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Steel Siding
  • Units Total: 2

Rental Info

  • Expenses: 8552.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 347900520
  • Tax Annual Amount: 2068
  • TaxWithAssessments: 2068.0000

Multi Family

  • TenantPays: Cable TV, Grounds Care, Trash Collection
  • ElectricExpense: 4627
  • FuelExpense: 1247
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2023
Closed on
Jul 31, 2024
Sold by
Anderson Dwayne and Anderson Sandi
Bought by
Cns Properties Of Rochester Llc
Seller's Agent
Larry Jacobson
Better Homes and Gardens Real Estate First Choice
Buyer's Agent
Alex Brainard
Harbor Realty & Management Group LLC
List Price
$117,000
Sold Price
$95,000
Premium/Discount to List
-$22,000
-18.8%
Views
143
Current Estimated Value
$141,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,075
Avg. Annual Appreciation
18.67%

Purchase Details

Listed on
Jul 21, 2014
Closed on
Oct 20, 2014
Bought by
Boe Elwood Elwood
Seller's Agent
Greg Lawrence
Home Avenue, Inc.
Buyer's Agent
Mike Steichen
Steichen Real Estate
List Price
$37,900
Sold Price
$32,500
Premium/Discount to List
-$5,400
-14.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.59%

Purchase Details

Closed on
Aug 8, 2014
Sold by
Wells Fargo Bank
Bought by
Eh Pooled 114 Lp

Purchase Details

Closed on
Oct 10, 2005
Sold by
Soj John G and Soj Julie
Bought by
Soj John G and Soj Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,680
Interest Rate
5.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Cns Properties Of Rochester Llc $95,000 --
Boe Elwood Elwood $32,500 --
Eh Pooled 114 Lp $13,939 --
Soj John G -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Soj John G $83,680
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $95,000 -12.8% $53 / Sq Ft
06/17/2024 06/17/24 Pending -- -- --
06/13/2024 06/13/24 Price Changed $109,000 -8.4% $61 / Sq Ft
05/29/2024 05/29/24 Price Changed $119,000 +1.7% $66 / Sq Ft
05/28/2024 05/28/24 For Sale $117,000 0.0% $65 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/10/2024 04/10/24 For Sale $117,000 0.0% $65 / Sq Ft
03/20/2024 03/20/24 Pending -- -- --
01/23/2024 01/23/24 Price Changed $117,000 -4.1% $65 / Sq Ft
12/13/2023 12/13/23 For Sale $122,000 +275.4% $68 / Sq Ft
10/22/2014 10/22/14 Sold $32,500 -14.2% $18 / Sq Ft
10/02/2014 10/02/14 Pending -- -- --
07/21/2014 07/21/14 For Sale $37,900 -- $21 / Sq Ft
Source: NorthstarMLS

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
2025 $2,350 $138,300 $21,100 $117,200
2024 $2,350 $139,500 $21,100 $118,400
2023 $1,970 $123,200 $21,100 $102,100
2022 $1,860 $122,100 $21,100 $101,000
2021 $1,702 $99,500 $15,600 $83,900
2020 $1,692 $89,100 $14,400 $74,700
2018 $662 $77,700 $14,400 $63,300
2017 $1,324 $0 $0 $0
2016 $832 $0 $0 $0
2015 $694 $0 $0 $0
2012 $694 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6468428

NorthstarMLS

APN: 34-790-0520