$345,000
SOLD JAN 3, 2025
4 Beds
2 Baths
2,736 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$126 Per Sq Ft

9% Below List Price

59 Days on Market

About This Home

As of January 2025

Charming up/down duplex in the heart of the Arts District of Northeast Minneapolis in the sought- after Logan Park neighborhood! Whether you're looking to owner occupy a duplex or for strictly an investment property, this duplex offers incredible flexibility. The lower unit is month to month and occupant would like to stay, while the upper unit boasts a secured lease through June of 2025, providing stable income potential. Each unit enjoys access to a shared basement featuring partially finished bonus room, dedicated storage spaces and separate washer/dryers, furnaces, water heaters, and electrical panels for ultimate convenience. Plus, there's a detached garage! With its prime location and attractive features, this is a must see opportunity in Northeast Mpls.

Last Agent to Sell the Property

Kathi Vetter

RE/MAX Results Listed on: 09/17/2024

RE/MAX Results

Co-Listed By

Shawna Joyce

RE/MAX Results

Last Buyer's Agent

Ryan Kowalski

Real Broker, LLC

Real Broker, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,973

Year Built

  • Built in 1960

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Basement Window Egress

Additional Features

  • Lot Dimensions are 40x129
  • Forced Air Heating System

Community Details

  • 2 Units
  • Mcmillans Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 1402924120067

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,973

Year Built

Built in 1960

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
  • Association Amenities: Common Laundry
  • Year Built: 1960
  • Above Grade Finished Sq Ft: 1824
  • Water Sewer Expenses: 2100
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Window(s), Full, Storage Space
  • Living Area: 2736
  • Below Grade Finished Sq Ft: 912
  • Owner Pays: Sewer, Trash Collection
  • Basement YN: Yes
  • Appliances: Range
  • FamilyRoomRoomFeatures: Family Room
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Appliances: Range
  • Total Rooms: 5
  • Number Of Fireplaces: 0
  • FamilyRoomRoomFeatures: Family Room

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Neighborhood: Logan Park

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 576

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

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

Lot Info

  • Lot Size: 40x129
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1402924120067
  • Tax Annual Amount: 5973
  • TaxWithAssessments: 5973.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: One Per Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Jan 3, 2025
Sold by
Conover Robert and Conover Jane Alice
Bought by
Gardner Jackson
Seller's Agent
Kathi Vetter
RE/MAX Results
Buyer's Agent
Ryan Kowalski
Real Broker, LLC
List Price
$379,900
Sold Price
$345,000
Premium/Discount to List
-$34,900
-9.19%
Views
26
Current Estimated Value
$344,195

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$805
Avg. Annual Appreciation
-0.36%
Original Mortgage
$280,000
Outstanding Balance
$278,516
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$65,679

Purchase Details

Closed on
Apr 25, 2005
Sold by
Deutsche Bank Ameriquest Mtg
Bought by
Conover Robert

Purchase Details

Closed on
Feb 25, 1999
Sold by
Va
Bought by
Bankers Trust Co Of California N A and Countrywide Home Loans

Purchase Details

Closed on
Nov 30, 1998
Sold by
Va
Bought by
Lueck William K
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $345,000 Stewart Title Company
Warranty Deed $345,000 Stewart Title Company
Warranty Deed $243,000 --
Warranty Deed $97,032 --
Deed $108,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 New Conventional
Closed $280,000 New Conventional
Previous Owner $171,712 New Conventional
Closed -- No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2025 01/03/25 Sold $345,000 -9.2% $126 / Sq Ft
11/19/2024 11/19/24 Pending -- -- --
09/21/2024 09/21/24 For Sale $379,900 -- $139 / 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 $5,973 $346,000 $130,000 $216,000
2022 $5,666 $326,000 $109,000 $217,000
2021 $4,722 $306,000 $58,000 $248,000
2020 $4,685 $289,000 $40,700 $248,300
2019 $4,375 $265,000 $27,100 $237,900
2018 $3,980 $241,000 $25,000 $216,000
2017 $3,533 $188,500 $22,700 $165,800
2016 $3,645 $188,500 $22,700 $165,800
2015 $3,186 $157,000 $22,700 $134,300
2014 -- $142,500 $22,700 $119,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6604334

NorthstarMLS

APN: 14-029-24-12-0067