1501 Logan Ave N Minneapolis, MN 55411
Willard-Hay NeighborhoodEstimated payment $1,521/month
Highlights
- Corner Lot
- Den
- Living Room
- No HOA
- The kitchen features windows
- 4-minute walk to North Commons Park
About This Home
Turnkey, fully updated investment property with a strong and stable tenant currently in year two of a 2-year lease running through September 1, 2026. The tenants have successfully completed the first year with consistent payment history, offering built-in reliability and reduced vacancy risk. This 4-bedroom home has undergone major capital improvements throughout, including ALL NEW plumbing, a new HVAC system installed by a licensed contractor, new window A/C units, new appliances, and a professionally completed, city-approved foundation repair. With these updates already taken care of, ongoing maintenance costs remain low for the next owner. The main level features separate living, dining, and family room areas, along with a flexible den/office. The clean semi-finished basement includes epoxy-coated floors and freshly painted walls, creating bright usable space with potential for future finishing. Situated on a deep 41×125 lot, the property offers a spacious yard and a full 2-car garage—features that support long-term tenant satisfaction and retention. Current lease generates $2,325/month, with tenants responsible for electricity, heat, and internet, while the owner pays only trash and water. Strong cash flow combined with extensive updates makes this a solid, low-maintenance addition to any investment portfolio. Tenant-occupied; lease transfers to new owner. Showings require coordination.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,766
Year Built
- Built in 1904
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 41x1256
- Chain Link Fence
- Corner Lot
- Many Trees
Parking
- 2 Car Garage
- Garage Door Opener
- Parking Fee
Home Design
- Pitched Roof
- Wood Siding
Interior Spaces
- 1,308 Sq Ft Home
- 1.5-Story Property
- Family Room
- Living Room
- Dining Room
- Den
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Dryer
Kitchen
- Range
- Microwave
- Dishwasher
- The kitchen features windows
Bedrooms and Bathrooms
- 4 Bedrooms
- 1 Full Bathroom
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Gravity Heating System
- 100 Amp Service
Community Details
- No Home Owners Association
- Murdoughs Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 1002924140126
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,766 | $186,000 | $16,000 | $170,000 |
| 2023 | $1,710 | $131,000 | $16,000 | $115,000 |
| 2022 | $3,305 | $131,000 | $13,000 | $118,000 |
| 2021 | $1,404 | $126,000 | $10,000 | $116,000 |
| 2020 | $1,990 | $105,000 | $11,700 | $93,300 |
| 2019 | $2,945 | $95,500 | $7,800 | $87,700 |
| 2018 | $2,758 | $87,000 | $7,800 | $79,200 |
| 2017 | $2,824 | $81,000 | $7,100 | $73,900 |
| 2016 | $3,303 | $74,500 | $7,100 | $67,400 |
| 2015 | $2,709 | $74,500 | $7,100 | $67,400 |
| 2014 | -- | $69,000 | $7,100 | $61,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/18/2025 11/18/25 | For Sale | $245,900 | +134.2% | $188 / Sq Ft | |
| 03/27/2023 03/27/23 | Sold | $105,000 | -8.6% | $82 / Sq Ft | View Prior Sale |
| 12/30/2022 12/30/22 | Pending | -- | -- | -- | |
| 12/30/2022 12/30/22 | For Sale | $114,900 | -- | $90 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $105,000 | -- | |
| Warranty Deed | $105,000 | Executive Title | |
| Quit Claim Deed | -- | Community Title & Escrow | |
| Quit Claim Deed | $500 | Community Title | |
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $59,000 | -- | |
| Warranty Deed | $15,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $67,624 | New Conventional | |
| Open | $155,893 | New Conventional | |
| Previous Owner | $96,000 | New Conventional |
Source: NorthstarMLS
MLS Number: 6818220
APN: 16-029-24-33-0091
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