1533 E 18th St Minneapolis, MN 55404
Ventura Village NeighborhoodEstimated Value: $397,000 - $567,000
8
Beds
3
Baths
3,509
Sq Ft
$141/Sq Ft
Est. Value
About This Home
As of September 2022Solid, All Brick, True Triplex! May have potential to add a 4th unit in the lower level. Foundation was rebuilt and has high ceilings. Each unit has its own separate boiler, water heater and electric. Amazing, unobstructed views of downtown Minneapolis. Great central location close to downtown, stores/restaurants and highway/public transit. Currently rented by the room on month to month leases. Great opportunity for investor or owner occupant.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,608
Year Built
- Built in 1900
Lot Details
- 6,534
Home Design
- Triplex
Interior Spaces
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Bathrooms
Additional Features
- Patio
- Irregular Lot
- Boiler Heating System
Community Details
- 3 Units
- Cornells Add Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, fuel
- The owner pays for grounds care, snow removal, trash collection, water
- Assessor Parcel Number 2602924440092
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2022
Closed on
Sep 9, 2022
Sold by
Kumsa Mekonen and Abebe Fitsum
Bought by
Poualeu Joel
Seller's Agent
Joe Allen
RE/MAX Results
Buyer's Agent
Scott Swennes
RE/MAX Results
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%
Total Days on Market
47
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,042
Avg. Annual Appreciation
0.68%
Original Mortgage
$485,000
Outstanding Balance
$466,733
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$27,309
Purchase Details
Listed on
Jun 20, 2022
Closed on
Aug 29, 2022
Sold by
Kumsa Mekonen and Kumsa Fitsum
Bought by
Poualeu Joel
Seller's Agent
Joe Allen
RE/MAX Results
Buyer's Agent
Scott Swennes
RE/MAX Results
List Price
$499,900
Sold Price
$485,000
Premium/Discount to List
-$14,900
-2.98%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Outstanding Balance
$466,733
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$27,309
Purchase Details
Closed on
Dec 18, 2013
Sold by
Kumsa Mekonen and Abebe Fitsum
Bought by
Kumsa Mekonen and Abebe Fitsum
Purchase Details
Closed on
May 1, 2009
Sold by
M & T Bank
Bought by
Kumsa Mekonem
Purchase Details
Closed on
May 4, 2005
Sold by
Carchi Manuel D
Bought by
Solis Fabian J
Purchase Details
Closed on
Jul 30, 2002
Sold by
Merkel Ii Charles E
Bought by
Carhi Manuel D and Merchaim Indaura L
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Poualeu Joel | $485,000 | -- | |
| Poualeu Joel | $485,000 | -- | |
| Kumsa Mekonen | -- | Tri County Abstract & Title | |
| Kumsa Mekonem | $60,000 | -- | |
| Solis Fabian J | $328,500 | -- | |
| Carhi Manuel D | $295,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Poualeu Joel | $485,000 | |
| Closed | Poualeu Joel | $476,215 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/09/2022 09/09/22 | Sold | $485,000 | 0.0% | $138 / Sq Ft |
| 08/06/2022 08/06/22 | Pending | -- | -- | -- |
| 07/22/2022 07/22/22 | Price Changed | $485,000 | -3.0% | $138 / Sq Ft |
| 06/20/2022 06/20/22 | For Sale | $499,900 | -- | $142 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $7,455 | $451,000 | $37,000 | $414,000 |
| 2022 | $6,881 | $425,000 | $37,000 | $388,000 |
| 2021 | $6,608 | $405,000 | $25,000 | $380,000 |
| 2020 | $5,665 | $404,500 | $52,100 | $352,400 |
| 2019 | $5,264 | $392,500 | $34,900 | $357,600 |
| 2018 | $4,769 | $357,000 | $34,900 | $322,100 |
| 2017 | $4,399 | $295,000 | $31,700 | $263,300 |
| 2016 | $4,625 | $268,000 | $31,700 | $236,300 |
| 2015 | $3,929 | $233,000 | $31,700 | $201,300 |
| 2014 | -- | $212,000 | $26,700 | $185,300 |
Source: Public Records
Agents Affiliated with this Home
-
Joe Allen
Seller's Agent in 2022
Joe Allen
RE/MAX Results
(952) 297-6636
1 in this area
169 Total Sales
-
Scott Swennes
Buyer's Agent in 2022
Scott Swennes
RE/MAX Results
(763) 331-4775
1 in this area
206 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6221570
APN: 26-029-24-44-0092
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