1507 E 4th St Duluth, MN 55812
Endion NeighborhoodEstimated payment $1,541/month
Total Views
24,618
5
Beds
2
Baths
2,165
Sq Ft
$110
Price per Sq Ft
Highlights
- Lake View
- Congdon Elementary School Rated A-
- 5-minute walk to Endion Park
About This Home
Investor Opportunity Near UMD/Scholastica – Value-Add Duplex on 4th St! Prime location just minutes from University of Minnesota Duluth and The College of St. Scholastica, making this a strong rental demand area. This duplex offers immediate upside potential through rent increases and utility optimization. Upper Unit: 1 bedroom on main level + den/office + walk-up attic bedroom. Open living/dining area, full bath, and additional exterior storage access. Lower Unit: 3 bedrooms, full bath, separate living room and kitchen layout ideal for student or shared housing. License Number: LS-2-0067 Expires 7/1/2027 Income & Expenses: Current rents:$1100/mo Lower & $1200 Upper Electric paid by tenants $340/month total ($165 upper / $175 lower) 2026 Property Taxes: $3,292/year Utilities (owner paid): approx. $81 gas / $56 water / $64 sewer per month Separate electric meters already in place Mechanical/Additional Features: Natural gas furnace Coin-operated washer/dryer for added income potential Additional washer/dryer hookups Separate basement entrance Investment Highlights: High-demand rental corridor near colleges Clear path to increased cash flow with rent adjustments in 2027 Ability to restructure utility responsibilities to improve NOI Ideal for house-hack, student rental, or long-term hold Current tenants pay electric only there are 2 meters $165/mo & $175/mo avg. Comfort Systems Consumption report available Showings: Upper Tenant prefers showings after 4pm. Lower Level is resistant to showings-decor and condition is similar to upper unit but in earth tone colors. Basement is available. Street Parking only for this property Garbage is picked up in the back alley crossing the back neighbors driveway Side Door is to the basement- utilities and Coin Laundry Excellent opportunity to reposition and maximize returns in a proven rental location.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,292
Year Built
- Built in 1908
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 105x35
Home Design
- Duplex
Interior Spaces
- 2,165 Sq Ft Home
- 2-Story Property
- Lake Views
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 010-1480-08160
Map
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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 | $3,292 | $179,200 | $13,300 | $165,900 |
| 2023 | $3,022 | $175,800 | $15,600 | $160,200 |
| 2022 | $3,326 | $164,900 | $14,700 | $150,200 |
| 2021 | $3,036 | $164,300 | $12,300 | $152,000 |
| 2020 | $2,648 | $153,400 | $11,500 | $141,900 |
| 2019 | $2,456 | $129,800 | $9,800 | $120,000 |
| 2018 | $2,172 | $121,300 | $9,800 | $111,500 |
| 2017 | $2,302 | $113,900 | $9,200 | $104,700 |
| 2016 | $2,238 | $105,400 | $22,900 | $82,500 |
| 2015 | $2,286 | $121,100 | $18,100 | $103,000 |
| 2014 | $2,286 | $121,100 | $18,100 | $103,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/25/2026 04/25/26 | Price Changed | $239,000 | -4.4% | $110 / Sq Ft | |
| 04/09/2026 04/09/26 | For Sale | $250,000 | +78.6% | $115 / Sq Ft | |
| 11/02/2020 11/02/20 | Sold | $140,000 | -6.6% | $65 / Sq Ft | View Prior Sale |
| 10/12/2020 10/12/20 | Pending | -- | -- | -- | |
| 09/09/2020 09/09/20 | For Sale | $149,900 | -- | $69 / Sq Ft |
Source: Lake Superior Area REALTORS®
About the Listing Agent
Tracey Tellor, Broker/Agent in Minnesota and Wisconsin 218-390-3851 TraceyTellor@gmail.com
Tracey's Other Listings
Source: Lake Superior Area REALTORS®
MLS Number: 6124419
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