NOT LISTED FOR SALE

1201 Chicago Ave SE Brainerd, MN 56401

Estimated Value: $283,000 - $326,000

4 Beds
2 Baths
2,140 Sq Ft
$145/Sq Ft Est. Value

Last Sold December 01, 2023

Last sale price $270,000 $126 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $1,991/month

20 Days on Market

Highlights

  • Corner Lot
  • 3 Car Attached Garage
  • Forced Air Heating System
  • Brainerd Senior High School Rated 9+
  • 1-Story Property

About This Home

As of December 2023

Excellent opportunity with this duplex. Each side is two bedrooms, a single bath, and laundry in each unit, each unit has its own garage stall equipped with garage door opener-one unit is a single stall garage and the other a double stall. Central heat with air conditioning in each unit. Corner lot and a partial privacy fence in the backyard. Priced well below tax-assessed value, don't want to miss this opportunity! Live in one half and offset your mortgage with the rent income from other half.

Last Agent to Sell the Property

Jamie Magness

Keller Williams Realty Professionals Listed on: 09/01/2023

Keller Williams Realty Professionals

Last Buyer's Agent

Lisa Meehl

Premier Real Estate Services

Premier Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,724

Year Built

  • Built in 1998

Lot Details

  • Lot Dimensions are 140x75
  • Corner Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation

Interior Spaces

  • 2,140 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

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

Community Details

  • 2 Units
  • Davis Add The City Of Brainerd Subdivision

Listing and Financial Details

  • Tenant pays for all utilities, electricity, gas, grounds care, snow removal, trash collection, water
  • The owner pays for insurance
  • Assessor Parcel Number 09120007022Z009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,724

Year Built

Built in 1998

Lot Details

0

Parking

3

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Side by Side
  • Garage Spaces: 3
  • Accessibility Features: No Stairs External, No Stairs Internal
  • Water Source: City Water/Connected
  • Year Built: 1998
  • Above Grade Finished Sq Ft: 2140
  • Water Sewer Expenses: 1800
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Slab
  • Living Area: 2140
  • Owner Pays: Insurance
  • Basement YN: No
  • Total Rooms: 4
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 506

Utilities

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

Schools

  • Junior High Dist: Brainerd
  • SchoolDistrictNumber: 181
  • SchoolDistrictPhone: 218-454-6900

Lot Info

  • Lot Size: 140x75
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 1.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 09120007022Z009
  • Tax Annual Amount: 4724
  • TaxWithAssessments: 4724.0000

Multi Family

  • TenantPays: All Utilities, Electricity, Gas, Grounds Care, Snow Removal, Trash Collection, Water
  • ElectricExpense: 1800
  • FuelExpense: 1200
  • Resident Manager Expense: 100
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2023
Closed on
Dec 1, 2023
Sold by
Ostrowski Gregory and Ostrowski Joann
Bought by
Rental Booth Llc
Seller's Agent
Jamie Magness
Keller Williams Realty Professionals
Buyer's Agent
Lisa Meehl
Premier Real Estate Services
List Price
$289,900
Sold Price
$270,000
Premium/Discount to List
-$19,900
-6.86%
Views
90
Current Estimated Value
$310,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,378
Avg. Annual Appreciation
7.87%
Original Mortgage
$270,000
Outstanding Balance
$265,629
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$44,749

Purchase Details

Listed on
Sep 1, 2023
Closed on
Nov 30, 2023
Sold by
Ostrowski Gregory M and Ostrowski Joann G
Bought by
Rental Booth Llc
Seller's Agent
Jamie Magness
Keller Williams Realty Professionals
Buyer's Agent
Lisa Meehl
Premier Real Estate Services
List Price
$289,900
Sold Price
$270,000
Premium/Discount to List
-$19,900
-6.86%
Views
90

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Outstanding Balance
$265,629
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$44,749

Purchase Details

Closed on
Sep 1, 1997
Sold by
Erickson Gregory E
Bought by
Ostrowski David E
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
Rental Booth Llc $270,000 --
Rental Booth Llc $270,000 Quality Title
Ostrowski David E $10,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rental Booth Llc $270,000
Closed Rental Booth Llc $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/01/2023 12/01/23 Sold $270,000 -6.9% $126 / Sq Ft
09/28/2023 09/28/23 Pending -- -- --
09/08/2023 09/08/23 For Sale $289,900 -- $135 / 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 $4,138 $310,500 $51,500 $259,000
2024 $4,138 $315,700 $46,900 $268,800
2023 $4,724 $355,100 $43,100 $312,000
2022 $4,424 $310,900 $35,000 $275,900
2021 $4,076 $229,700 $31,400 $198,300
2020 $3,868 $221,600 $32,000 $189,600
2019 $3,574 $200,700 $32,000 $168,700
2018 $3,200 $183,500 $31,900 $151,600
2017 $2,992 $174,300 $31,900 $142,400
2016 $3,094 $169,300 $26,700 $142,600
2015 $2,890 $159,000 $21,700 $137,300
2014 $1,433 $159,100 $20,400 $138,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6427701

NorthstarMLS

APN: 09120007022Z009