NOT LISTED FOR SALE

1114 E 22nd St Hibbing, MN 55746

6 Beds
3 Baths
2,625 Sq Ft
1920 Built

Last Sold July 29, 2021

Last sale price $159,900 $61 Per Sq Ft

10 Days on Market

About This Home

As of July 2021

Very well maintained triplex, in a great location! Each unit has 2 bedrooms, 1 bathroom, and a designated off-street parking space with electrical outlet. Great rental history! Building features include: 3 stall tuck-under garage; updated electrical; vinyl windows; updated plumbing; new steel soffit, facia, window, and door trim; new cement sidewalk; and newer commercial carpet in the commons. Unit 2: new and refinished flooring 2018; new tub & shower 2017. Unit 3: new flooring, kitchen cabinets, countertops, faucet, sink, stove, lighting and paint 2019. Convenient walking distance from 3 Hibbing schools. Excellent rental income property... Live in one unit and lease the others to pay your mortgage!

Last Agent to Sell the Property

Matt Rengstorf

Perrella & Associates License #40752619 Listed on: 05/22/2021

Last Buyer's Agent

Kathy Edmonds

Perrella & Associates License #89987

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,360

Year Built

  • Built in 1920

Parking

  • Garage

Home Design

  • Triplex
  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 2,625 Sq Ft Home
  • Stone or Rock in Basement

Additional Features

  • Lot Dimensions are 100 x 49
  • Heating System Uses Steam

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $1,633
  • Utility Expense $5,250
  • Gross Income $21,600
  • Net Operating Income $12,406

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,360

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 05/22/2021
  • Real Estate Tax: 2360
  • Type: Triplex
  • Year Built: 1920
  • Lot Size Length: 100
  • Lot Size Width: 49
  • Utilities Expenses: 5,250
  • Insurance Expenses: 1633
  • Net Income: 12406
  • Projected Income: 21600
  • Rent: Month To Month
  • Total Expense: 9029
  • Total Income: 21435
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 2625
  • Basement: Rock

Exterior Features

  • Exterior: Stucco

Garage/Parking

  • Parking: Parking Area, Garage, Paved

Utilities

  • Utilities: City Sewer, City Water, Steam
  • Heating: Steam

Fee Information

  • Rent Income: 21435

Lot Info

  • Zoning: 207

Rental Info

  • Actual Income: 21435

Multi Family

  • Number Of Units: 3

Tax Info

  • Taxes: 2146
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $159,900 0.0% $61 / Sq Ft
05/22/2021 05/22/21 For Sale $159,900 -- $61 / Sq Ft
Source: Range Association of REALTORS®

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
2024 $3,220 $162,700 $12,100 $150,600
2023 $3,220 $162,700 $12,100 $150,600
2022 $2,502 $127,900 $10,800 $117,100
2021 $2,360 $112,700 $10,800 $101,900
2020 $2,146 $107,500 $10,800 $96,700
2019 $2,094 $98,700 $10,200 $88,500
2018 $1,978 $98,700 $10,200 $88,500
2017 $1,938 $94,400 $14,300 $80,100
2016 $1,892 $94,400 $14,300 $80,100
2015 $1,902 $103,200 $14,700 $88,500
2014 $1,902 $94,400 $14,300 $80,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 141424

Range Association of REALTORS®