NOT LISTED FOR SALE

1725 W 1st St Duluth, MN 55806

Lincoln Park Neighborhood
5 Beds
3 Baths
1,885 Sq Ft
1,307 Sq Ft Lot

Last Sold June 30, 2021

Last sale price $184,600 $98 Per Sq Ft

5 Days on Market

Highlights

  • Bay View
  • No HOA
  • Forced Air Heating System
  • Corner Lot
  • Balcony

About This Home

As of June 2021

This Lincoln Park Triplex is an incredible investment opportunity with exceptional cash flow! 2 - 2 BR units, 1 - 1 BR unit and a potential for an additional studio unit in the walk-out basement. Located just steps from the buzzing Craft District with new shops, restaurants and breweries. Total annual gross rents of $27,000! If you are looking for an investment property with a solid rental history, don't pass this one up! All units are updated and in great condition. New boiler & water heater recently installed. Additional features include spacious bedrooms, large common areas, and upper units w/ office potential and even views of the Bay!

Last Agent to Sell the Property

Krystina Gillman

Kuschel Realty Group LLC Listed on: 05/28/2021

Last Buyer's Agent

Kevin Rappana

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,764

Year Built

  • Built in 1891

Lot Details

  • 1,307 Sq Ft Lot
  • Corner Lot

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Bay Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Apartment Living Space in Basement

Parking

  • No Garage
  • No Driveway

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Boiler Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, trash, water, fuel, sewer
  • Assessor Parcel Number 010-1130-00440

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,764

Year Built

Built in 1891

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Coming from Superior St. pull onto N 18th Ave W to park as 1st St is under construction which does not allow for parking at the building.
  • L O1 Office Phone1 Number: 218-724-7900
  • Tax Year: 2021
  • View Type:Pond View: Bay
  • Lot Description Waterfront: No
  • Property Info:Total 34 Baths2: 1
  • Amenities Exterior: Balcony
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 1575
  • Below Grade Finished Sq Ft: 310
  • Garage Type: None
  • Heat: Boiler, Forced Air, Natural Gas
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 5
  • MediaType: Multi-Family
  • Year Built: 1891
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Features: Partially Finished, Walkout, Owner Access, Apartment
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 1885

Exterior Features

  • Road Frontage: City
  • Construction Status: Previously Owned
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: None

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: irreg.
  • Estimated Number of Acres: 0.03
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Corner Lot
  • Parcel Number: 010-1130-00440

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Electric, Trash, Water, Fuel, Sewer

Tax Info

  • Tax Amount: 2764

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2021 06/30/21 Sold $184,600 +2.6% $98 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $180,000 +56.5% $95 / Sq Ft
04/14/2017 04/14/17 Sold $115,000 -7.9% $54 / Sq Ft View Prior Sale
03/14/2017 03/14/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $124,900 -- $58 / Sq Ft
Source: Lake Superior Area REALTORS®

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
2024 $3,610 $214,300 $6,000 $208,300
2023 $3,610 $193,600 $5,800 $187,800
2022 $2,822 $176,900 $5,300 $171,600
2021 $2,764 $140,500 $1,700 $138,800
2020 $2,844 $140,800 $8,400 $132,400
2019 $2,354 $140,800 $8,400 $132,400
2018 $2,212 $117,400 $7,000 $110,400
2017 $1,826 $117,400 $7,000 $110,400
2016 $1,780 $125,300 $19,200 $106,100
2015 $3,033 $117,400 $7,000 $110,400
2014 $3,033 $162,000 $3,700 $158,300
Source: Public Records

Agents Affiliated with this Home

  • Krystina Gillman

    Seller's Agent in 2021

    Krystina Gillman

    Kuschel Realty Group LLC

    (218) 724-7900

    1 in this area

    97 Total Sales

    Krystina Gillman
    Section Image
  • Kevin Rappana

    Buyer's Agent in 2021

    Kevin Rappana

    RE/MAX

    (218) 591-4678

    7 in this area

    73 Total Sales

    Kevin Rappana
    Section Image
  • Jodi Olson

    Seller's Agent in 2017

    Jodi Olson

    Century 21 Atwood

    (218) 391-0842

    2 in this area

    173 Total Sales

    Jodi Olson
    Section Image

  • J

    Buyer's Agent in 2017

    Jordan Decaro

    RE/MAX

    (218) 722-2810

    10 in this area

    280 Total Sales

    Jordan Decaro
    Section Image
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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6097008

Minnesota St Louis County Duluth 55806 Lincoln Park

1725 W 1st St, Duluth, MN

Not Listed for Sale

MultiFamily

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