$58,000
SOLD OCT 15, 2024

117 E Minnesota Ave Gilbert, MN 55741

5 Beds
2 Baths
1,667 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$35 Per Sq Ft

11% Below List Price

2 Days on Market

About This Home

As of October 2024

A wonderful, affordable, cash-flowing opportunity for anyone looking to add to their portfolio. This up/down duplex has 1667 square ft with 947 sq ft for the main floor unit that has 3 bedrooms and 1 full bath. The upstairs unit has 2 bedrooms and 1 full bath; a 2 stall detached garage on 2 nicely landscaped lots, located on a quiet street in Gilbert. Perfect for that first time homebuyer; build equity and security with tenancy.

Last Agent to Sell the Property

Uriah Wilkinson

Coldwell Banker Realty - Duluth Listed on: 09/23/2024

Coldwell Banker Realty - Duluth

Last Buyer's Agent

Nonmember NONMEMBER

Nonmember Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $996

Year Built

  • Built in 1908

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 60x160

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Rubber Roof
  • Composition Shingle

Interior Spaces

  • 1,667 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 060-0010-00580

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$996

Year Built

Built in 1908

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Main street to east on Minnesota Ave
  • L O1 Office Phone1 Number: 218-728-5161
  • List Price/ Sq Ft: 34.79
  • Tax Year: 2024
  • Lot Description Waterfront: No
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1667
  • Garage Type: Detached
  • Heat: Boiler, Natural Gas
  • Parking Number Garage Spaces: 2
  • Reso Roof: Asphalt Shingles, Rubber
  • TotalBedrooms: 5
  • MediaType: Duplex
  • Year Built: 1908
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Material: Concrete Block
  • Basement Style: Crawl Space, Full
  • Stories: 2 Story
  • Total Bathrooms: 2
  • Total Fin Square Footage: 1667

Exterior Features

  • Construction Status: Previously Owned
  • Exterior: Composition

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • School District: Eveleth-Gilbert #2154
  • Junior High Dist: Eveleth-Gilbert #2154

Lot Info

  • Geo Update Timestamp: 2024-09-24
  • Estimated Lot Dimensions: 60x160
  • Estimated Number of Acres: 0.22
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 060-0010-00580

Rental Info

  • Tenant Expense: Other

Tax Info

  • Tax Amount: 996

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2024
Closed on
Oct 16, 2024
Sold by
Meehan Anna
Bought by
Lindberg Enterprises Llc
Seller's Agent
Uriah Wilkinson
Coldwell Banker Realty - Duluth
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$65,000
Sold Price
$58,000
Premium/Discount to List
-$7,000
-10.77%
Views
6
Current Estimated Value
$125,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,215
Avg. Annual Appreciation
130.68%

Purchase Details

Listed on
Sep 23, 2024
Closed on
Oct 15, 2024
Sold by
Meehan Anna
Bought by
Lindberg Enterprises Llc
Seller's Agent
Uriah Wilkinson
Coldwell Banker Realty - Duluth
Buyer's Agent
Nonmember NONMEMBER
Nonmember Office
List Price
$65,000
Sold Price
$58,000
Premium/Discount to List
-$7,000
-10.77%
Views
6

Purchase Details

Closed on
Oct 27, 2023
Sold by
Meehan Mark K
Bought by
Meehan Anna
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 Type Sale Price Title Company
Deed $58,000 --
Warranty Deed $58,000 Northeast Title
Quit Claim Deed $500 None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $58,000 -10.8% $35 / Sq Ft
09/25/2024 09/25/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $65,000 -- $39 / Sq Ft
Source: Lake Superior Area 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 $2,050 $101,500 $10,900 $90,600
2022 $1,116 $97,400 $9,100 $88,300
2021 $956 $97,400 $9,100 $88,300
2020 $1,034 $84,900 $8,200 $76,700
2019 $858 $90,000 $8,200 $81,800
2018 $744 $86,100 $8,200 $77,900
2017 $828 $81,600 $5,700 $75,900
2016 $726 $81,600 $5,700 $75,900
2015 $620 $43,000 $3,400 $39,600
2014 $620 $43,000 $3,400 $39,600
Source: Public Records

Agents Affiliated with this Home

  • Uriah Wilkinson

    Seller's Agent in 2024

    Uriah Wilkinson

    Coldwell Banker Realty - Duluth

    (218) 393-4931

    44 Total Sales

    Uriah Wilkinson
    Section Image

  • N

    Buyer's Agent in 2024

    Nonmember NONMEMBER

    Nonmember Office

See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6116248

APN: 060001000580

Minnesota St Louis County Gilbert 55741

117 E Minnesota Ave, Gilbert, MN

This home is located at 117 E Minnesota Ave, Gilbert, MN 55741 and is currently priced at $58,000, approximately $34 per square foot. This property was built in 1908. 117 E Minnesota Ave is a home located in St. Louis County with nearby schools including Nelle Shean Elementary School, Franklin Elementary School, and Eveleth-Gilbert Junior High School.

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