NOT LISTED FOR SALE

Estimated Value: $369,000 - $424,000

7 Beds
2 Baths
2,356 Sq Ft
$168/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $399,000 $169 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,484/month

5 Days on Market

About This Home

As of May 2023

Wonderful turn of the century Duplex in South Minneapolis to add to your rental portfolio. This is also perfect for an owner occupant to live in one unit and offset their living expenses by renting the other unit. Upper level has 4 bedrooms on 2 levels features a spiral staircase and front and back entrances. Lower level has 3 bedrooms. Full basement with storage, coin op laundry. Both units have front porches. Great location - close to lakes, parks and bus line. Many updates including newer windows and furnaces. Multiple Offers

Last Agent to Sell the Property

Kurt Pauley

NAI Legacy Listed on: 04/24/2023

NAI Legacy

Last Buyer's Agent

Dustin Marmon

LPT Realty, LLC

LPT Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,801

Year Built

  • Built in 1908

Lot Details

  • 2,178

Home Design

  • Duplex

Interior Spaces

  • 2,356 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 53 x 45
  • Forced Air Heating System

Community Details

  • 2 Units
  • Monroe Bros Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0202824410198

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,801

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water - In Street
  • Year Built: 1908
  • Above Grade Finished Sq Ft: 2356
  • Water Sewer Expenses: 1800
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 2356
  • Basement YN: Yes
  • Total Rooms: 5
  • Total Rooms: 7

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Neighborhood: Powderhorn Park

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer - In Street
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: 53 x 45
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0202824410198
  • Tax Annual Amount: 2801
  • TaxWithAssessments: 2920.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2023
Closed on
May 16, 2023
Sold by
Wehlage Allison
Bought by
Ogunyemi Simeon
Seller's Agent
Kurt Pauley
NAI Legacy
Buyer's Agent
Dustin Marmon
LPT Realty, LLC
List Price
$350,000
Sold Price
$399,000
Premium/Discount to List
$49,000
14%
Views
58
Current Estimated Value
$395,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,827
Avg. Annual Appreciation
-0.40%
Original Mortgage
$13,965
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 24, 2023
Closed on
May 15, 2023
Sold by
Wehlage Allison
Bought by
Ogunyemi Simeon
Seller's Agent
Kurt Pauley
NAI Legacy
Buyer's Agent
Dustin Marmon
LPT Realty, LLC
List Price
$350,000
Sold Price
$399,000
Premium/Discount to List
$49,000
14%
Views
58

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,965
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2020
Sold by
Green Keith P and The Trust Agreement Of Keith P
Bought by
Wehlage Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,087
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2017
Sold by
Green Keith P
Bought by
Green Keith P and The Trust Agreement Of Keith P Green

Purchase Details

Closed on
May 13, 2011
Sold by
Light Michael R and Light Betty J
Bought by
Green Keith P
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
Ogunyemi Simeon $399,000 --
Ogunyemi Simeon $399,000 Watermark Title
Wehlage Allison $263,251 None Available
Green Keith P -- None Available
Green Keith P $118,800 --
Wehlage Allison Allison $263,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ogunyemi Simeon $13,965
Open Ogunyemi Simeon $391,773
Closed Ogunyemi Simeon $391,773
Previous Owner Wehlage Allison $250,087
Closed Wehlage Allison Allison $250,087
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2023 05/15/23 Sold $399,000 +14.0% $169 / Sq Ft
04/30/2023 04/30/23 Pending -- -- --
04/24/2023 04/24/23 For Sale $350,000 -- $149 / 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
2024 $4,666 $323,000 $53,000 $270,000
2023 $3,226 $252,000 $47,000 $205,000
2022 $2,920 $235,000 $47,000 $188,000
2021 $3,238 $218,000 $27,000 $191,000
2020 $3,502 $198,000 $33,600 $164,400
2019 $3,268 $198,000 $22,400 $175,600
2018 $2,870 $180,000 $11,200 $168,800
2017 $2,614 $139,500 $11,200 $128,300
2016 $2,530 $131,000 $11,200 $119,800
2015 $2,317 $114,500 $11,200 $103,300
2014 -- $105,000 $8,600 $96,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6359913

NorthstarMLS

APN: 02-028-24-41-0198