Seller's Agent in 2021
Krystina Gillman
Kuschel Realty Group LLC
(218) 724-7900
1 in this area
96 Total Sales
1725 W 1st St Duluth, MN 55806
Lincoln Park Neighborhood
5
Beds
3
Baths
1,885
Sq Ft
1,307
Sq Ft
Highlights
- Bay View
- No HOA
- Forced Air Heating System
- Corner Lot
- Balcony
About This Home
As of June 2021This 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!
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
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Home Values in the Area
Average Home Value in this Area
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
| 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
-
Kevin Rappana
Buyer's Agent in 2021
Kevin Rappana
RE/MAX
(218) 591-4678
7 in this area
71 Total Sales
-
Jodi Olson
Seller's Agent in 2017
Jodi Olson
Century 21 Atwood
(218) 391-0842
2 in this area
169 Total Sales
-
Jordan Decaro
J
Buyer's Agent in 2017
Jordan Decaro
RE/MAX
(218) 722-2810
9 in this area
279 Total Sales
Map
Source: Lake Superior Area REALTORS®
MLS Number: 6097008
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