NOT LISTED FOR SALE

187 James Ave N Minneapolis, MN 55405

Harrison Neighborhood

Estimated Value: $372,000 - $405,000

4 Beds
3 Baths
2,880 Sq Ft
$136/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $425,000 $148 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,579/month

15 Days on Market

About This Home

As of September 2023

For Sale we have 2 Contiguous Lots, 187 & 191 James Ave N, totaling 0.38 acres, one is a Triplex, the other is vacant land with a 2 car garage. The lots are amongst several completed and under construction development projects on or surrounding James Ave N in the Bryn Mawr Neighborhood of Minneapolis. Zoned R5 Multiple Family District with BFC4 Corridor 4 Built Form Overlay District allows MF, SF and Commercial. 86 feet of frontage along James Avenue. Multiple-Opportunity with 4 different plays. (1) Planned Unit Development; (2) Community Residential Facilities; (3) Buy & Hold; (4) Redevelop to Multi-Family or Mixed Use. James Ave N has become a revitalized area with variety of residential , office and retail completed or under construction. The Triplex has 3 Tenants, property condition is Tier 1 with many updates over the years (see supplements). Do not disturb tenants. Seller may be open to CD.

Last Agent to Sell the Property

Mark Hulsey

RE/MAX Results Listed on: 08/21/2023

RE/MAX Results

Last Buyer's Agent

Mark Hulsey

RE/MAX Results Listed on: 08/21/2023

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,552

Year Built

  • Built in 1917

Lot Details

  • Lot Dimensions are 86x215
  • Additional Parcels

Parking

  • 2 Car Garage
  • Guest Parking
  • Off-Site Parking

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Additional Features

  • Porch
  • Boiler Heating System

Community Details

  • 3 Units
  • Byrnes Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, fuel, insurance, grounds care, repairs, taxes, trash collection, water
  • Assessor Parcel Number 2102924340109

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,552

Year Built

Built in 1917

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Porch
  • Year Built: 1917
  • Above Grade Finished Sq Ft: 1824
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Unfinished
  • Living Area: 2880
  • Below Grade Finished Sq Ft: 1056
  • Owner Pays: Electricity, Fuel, Insurance, Grounds Care, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Total Rooms: 4
  • Total Rooms: 7
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • Neighborhood: Harrison
  • PatioPorchType: Front Porch,Rear Porch

Garage/Parking

  • Parking Features: Detached, Gravel, Guest Parking, Off Site, Open
  • Garage Square Feet: 796
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

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

Lot Info

  • Topography: Level
  • Lot Size: 86x215
  • Land Lease: No
  • Lot Features: Additional Land Available, Many Trees
  • Additional Parcels Description: 2102924340108
  • Additional Parcels: Yes
  • Zoning Description: Business/Commercial,Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 3

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 2102924340109
  • Tax Annual Amount: 5552
  • TaxWithAssessments: 5552.1000

Multi Family

  • TenantPays: Cable TV
  • Number Of Refrigerators: One Per Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2023
Closed on
Sep 29, 2023
Sold by
Fred & Nancy Abelmann Living Trust
Bought by
Roby Taylor and Farwell Lisa
Seller's Agent
Mark Hulsey
RE/MAX Results
Buyer's Agent
Mark Hulsey
RE/MAX Results
List Price
$395,000
Sold Price
$425,000
Premium/Discount to List
$30,000
7.59%
Views
24
Current Estimated Value
$390,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,667
Avg. Annual Appreciation
-2.19%

Purchase Details

Closed on
Feb 13, 2004
Sold by
Burns Beverly
Bought by
Abelmann Fred R and Abelmann Nancy C

Purchase Details

Closed on
Jul 15, 1997
Sold by
Burns Arthur and Burns Beverly
Bought by
Abelmann Fred R and Abelmann Nancy C

Purchase Details

Closed on
Jun 8, 1973
Sold by
Syvertson Minne J
Bought by
Burns Arthur and Burns Beverly
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Roby Taylor $425,000 --
Abelmann Fred R $39,500 --
Abelmann Fred R $39,500 --
Burns Arthur $17,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Abelmann Fred R --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $425,000 +7.6% $148 / Sq Ft
09/06/2023 09/06/23 Pending -- -- --
08/21/2023 08/21/23 For Sale $395,000 -- $137 / 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 $5,002 $314,000 $84,000 $230,000
2022 $4,044 $299,000 $71,000 $228,000
2021 $3,448 $239,000 $44,000 $195,000
2020 $3,730 $212,000 $39,200 $172,800
2019 $3,476 $212,000 $26,100 $185,900
2018 $3,372 $192,500 $26,100 $166,400
2017 $3,081 $165,500 $23,700 $141,800
2016 $2,764 $144,000 $23,700 $120,300
2015 $3,216 $160,000 $23,700 $136,300
2014 -- $139,000 $21,000 $118,000
Source: Public Records

Agents Affiliated with this Home

  • Mark Hulsey

    Seller's Agent in 2023

    Mark Hulsey

    RE/MAX Results

    (651) 256-7404

    1 in this area

    97 Total Sales

    Mark Hulsey
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Map

Source: NorthstarMLS

MLS Number: 6420614

NorthstarMLS

APN: 21-029-24-34-0109

Minnesota Hennepin County Minneapolis 55405 Harrison

187 James Ave N, Minneapolis, MN

This home is located at 187 James Ave N, Minneapolis, MN 55405 since 21 August 2023 and is currently estimated at $390,333, approximately $135 per square foot. This property was built in 1917. 187 James Ave N is a home located in Hennepin County with nearby schools including Bryn Mawr Elementary School, Anwatin Middle School, and North Community High School.

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