NOT LISTED FOR SALE

1401 Adams St NE Unit 1401 Minneapolis, MN 55413

Logan Park Neighborhood

Estimated Value: $396,152 - $444,000

4 Beds
2 Baths
2,021 Sq Ft
$205/Sq Ft Est. Value

Last Sold March 25, 2024

Last sale price $400,000 $198 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,772/month

6 Days on Market

Highlights

  • Baseboard Heating
  • Property is Fully Fenced
  • 5-minute walk to Logan Park

About This Home

As of March 2024

Nestled in a peaceful residential area of Northeast Minneapolis (Logan Park) this duplex would be great for an owner occupant or investor. Both units feature large kitchens and spacious bedrooms and both have ductless mini-split air conditioning units which is not easy to find in duplexes of this era. Additionally, the property includes a garage and fenced-in backyard which is perfect for pet owners or tenants with pets. Utilities are split between units so tenants can easily assume costs. This duplex is sure to impress!

Last Listed By

Jason Reed

RE/MAX Results Listed on: 02/28/2024

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,136

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 40x128
  • Property is Fully Fenced

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,021 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Baseboard Heating

Community Details

  • 2 Units
  • Mcmillans Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, fuel
  • The owner pays for insurance, repairs, taxes, trash collection, water
  • Assessor Parcel Number 1402924130022

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,136

Year Built

Built in 1900

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
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2021
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • FoundationDimensions: 25x40
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full
  • Living Area: 2021
  • Owner Pays: Insurance, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Appliances: Dishwasher,Range,Stainless Steel Appliances
  • Total Rooms: 5
  • Appliances: Range
  • Total Rooms: 5
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: Full
  • ConstructionMaterialsDesc: Block
  • Neighborhood: Logan Park

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 400
  • Garage Door Height: 7
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1

Utilities

  • Heating: Baseboard, Ductless Mini-Split
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 40x128
  • Land Lease: No
  • Lot Features: Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1402924130022
  • Tax Annual Amount: 5136
  • TaxWithAssessments: 5135.7800

Multi Family

  • TenantPays: Electricity, Fuel
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2024
Closed on
Mar 25, 2024
Sold by
Anderson Eric and Anderson Stephania
Bought by
Ayala Angela
Seller's Agent
Jason Reed
RE/MAX Results
Buyer's Agent
Genevieve Coffey
Bridge Realty, LLC
List Price
$400,000
Sold Price
$400,000
Total Days on Market
6
Views
20
Current Estimated Value
$414,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,038
Avg. Annual Appreciation
3.13%
Original Mortgage
$392,755
Outstanding Balance
$388,480
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$25,558

Purchase Details

Closed on
Aug 14, 2000
Sold by
Rubin Judd I
Bought by
Anderson Eric T

Purchase Details

Closed on
Jul 15, 1999
Sold by
Bibro Patrick A
Bought by
Anderson Eric T and Rubin Judd I

Purchase Details

Closed on
May 27, 1999
Sold by
Si Properties Inc
Bought by
Rubin Judd I and Bibro Patrick A

Range of Values:

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Average Value
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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
Ayala Angela $400,000 --
Anderson Eric T $5,000 --
Anderson Eric T $12,349 --
Rubin Judd I $87,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ayala Angela $392,755
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2024 03/25/24 Sold $400,000 0.0% $198 / Sq Ft
03/05/2024 03/05/24 Pending -- -- --
02/28/2024 02/28/24 For Sale $400,000 -- $198 / 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
2023 $5,710 $355,000 $139,000 $216,000
2022 $5,079 $317,000 $126,000 $191,000
2021 $4,935 $297,000 $69,000 $228,000
2020 $4,851 $300,000 $50,400 $249,600
2019 $4,529 $272,500 $33,600 $238,900
2018 $4,289 $247,500 $33,600 $213,900
2017 $3,844 $194,000 $30,500 $163,500
2016 $3,688 $179,500 $30,500 $149,000
2015 $3,480 $150,000 $30,500 $119,500
2014 -- $136,500 $28,600 $107,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6494562

NorthstarMLS

APN: 14-029-24-13-0022