NOT LISTED FOR SALE

1609 3rd St NE Minneapolis, MN 55413

Sheridan Neighborhood

Estimated Value: $343,369 - $435,000

5 Beds
2 Baths
2,170 Sq Ft
$178/Sq Ft Est. Value

Last Sold August 19, 2022

Last sale price $357,000 $165 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,507/month

61 Days on Market

About This Home

As of August 2022

Easy to rent up and down duplex in the heart of Northeast MPLS. Just Blocks from entertainment, restaurants, and everything Northeast has to offer. Lower unit is freshly renovated with three bedrooms, laundry, a large kitchen, and bath. Upper unit is a clean two bedroom, one bath, with laundry. Home also has a great two car garage. Home is perfect for owner occupied investment, or rent both units for quick cash flow.

Last Agent to Sell the Property

Josh Pomerleau

JPW Realty Listed on: 05/18/2022

JPW Realty

Co-Listed By

Matthew Healy

JPW Realty

Last Buyer's Agent

Clark Lensing

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,532

Year Built

  • Built in 1900

Lot Details

  • 4,792

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,170 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 30x155
  • Forced Air Heating System

Community Details

  • 2 Units
  • Dicksons Rgt Bottineaus 2Nd Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel
  • The owner pays for trash collection, water
  • Assessor Parcel Number 1402924220091

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,532

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: 2170
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Crawl Space, Concrete, Unfinished
  • Living Area: 2170
  • Fireplace: No
  • Owner Pays: Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Porch,Tile Floors
  • Appliances: Dishwasher,Dryer,Microwave,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Amenities: Deck,Tile Floors
  • Appliances: Dishwasher,Dryer,Microwave,Range
  • Total Rooms: 4
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • Neighborhood: Sheridan

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 504

Utilities

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

Schools

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

Lot Info

  • Lot Size: 30x155
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Single Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 1402924220091
  • Tax Annual Amount: 5532
  • TaxWithAssessments: 5532.0000

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2022
Closed on
Aug 19, 2022
Sold by
Wax Joseph and Wax Shanae
Bought by
Desautel Parker
Seller's Agent
Josh Pomerleau
JPW Realty
Buyer's Agent
Clark Lensing
RE/MAX Results
List Price
$349,000
Sold Price
$357,000
Premium/Discount to List
$8,000
2.29%
Current Estimated Value
$385,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,842
Avg. Annual Appreciation
2.61%
Original Mortgage
$339,150
Outstanding Balance
$326,376
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$58,457

Purchase Details

Listed on
May 18, 2022
Closed on
Aug 18, 2022
Sold by
Wax Joseph and Wax Shanae Phillips
Bought by
Desautel Parker
Seller's Agent
Josh Pomerleau
JPW Realty
Buyer's Agent
Clark Lensing
RE/MAX Results
List Price
$349,000
Sold Price
$357,000
Premium/Discount to List
$8,000
2.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,150
Outstanding Balance
$326,376
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$58,457

Purchase Details

Closed on
Jan 24, 2014
Sold by
Reuss Jeremiah
Bought by
Wax Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
4.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2005
Sold by
Peterson W Tarey
Bought by
Reuss Jeremiah
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
Desautel Parker $357,000 --
Desautel Parker $357,000 None Listed On Document
Wax Joseph $142,000 Gibraltar Title
Reuss Jeremiah $253,980 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Desautel Parker $339,150
Closed Desautel Parker $339,150
Previous Owner Wax Joseph $185,500
Previous Owner Wax Joseph $106,500
Previous Owner Reuss Jeremiah $63,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2022 08/19/22 Sold $357,000 +2.3% $165 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/12/2022 07/12/22 For Sale $349,000 0.0% $161 / Sq Ft
07/08/2022 07/08/22 Pending -- -- --
07/05/2022 07/05/22 Price Changed $349,000 0.0% $161 / Sq Ft
07/05/2022 07/05/22 For Sale $349,000 -2.2% $161 / Sq Ft
06/13/2022 06/13/22 Off Market $357,000 -- --
05/18/2022 05/18/22 Pending -- -- --
05/18/2022 05/18/22 For Sale $339,900 -- $157 / 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 $4,516 $351,000 $112,000 $239,000
2022 $5,745 $363,000 $104,000 $259,000
2021 $5,532 $325,000 $61,000 $264,000
2020 $5,223 $324,500 $47,000 $277,500
2019 $4,821 $282,000 $31,300 $250,700
2018 $4,163 $252,000 $25,000 $227,000
2017 $3,543 $189,000 $22,700 $166,300
2016 $3,181 $164,500 $22,700 $141,800
2015 $2,902 $143,000 $22,700 $120,300
2014 -- $130,000 $21,500 $108,500
Source: Public Records

Agents Affiliated with this Home

  • Josh Pomerleau

    Seller's Agent in 2022

    Josh Pomerleau

    JPW Realty

    (763) 463-7580

    1 in this area

    1,385 Total Sales

    Josh Pomerleau
    Section Image
  • Matthew Healy

    Seller Co-Listing Agent in 2022

    Matthew Healy

    JPW Realty

    (763) 232-6415

    1 in this area

    242 Total Sales

    Matthew Healy
    Section Image
  • Clark Lensing

    Buyer's Agent in 2022

    Clark Lensing

    RE/MAX Results

    (612) 408-8554

    2 in this area

    189 Total Sales

    Clark Lensing
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6197002

NorthstarMLS

APN: 14-029-24-22-0091

Minnesota Hennepin County Minneapolis 55413 Sheridan

1609 3rd St NE, Minneapolis, MN

This home is located at 1609 3rd St NE, Minneapolis, MN 55413 since 18 May 2022 and is currently estimated at $385,842, approximately $177 per square foot. This property was built in 1900. 1609 3rd St NE is a home located in Hennepin County with nearby schools including Pillsbury Elementary School, Northeast Middle School, and Thomas Edison High School.

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