$325,000
SOLD MAY 1, 2026
5 Beds
2 Baths
1,260 Sq Ft
4,792 Sq Ft Lot Lot

Sale Details

Date Sold: May 1, 2026

$258 Per Sq Ft

1 Day on Market

Highlights

  • Public Water Access
  • Living Room
  • Dining Room
  • Congdon Elementary School Rated A-
  • Entrance Foyer
  • Wood Siding

About This Home

As of May 2026

Excellent cash-flowing rental property located just one block from the main UMD parking lot. This is an ideal opportunity for investors or for parents seeking housing for a student attending UMD or the College of St. Scholastica. Thanks to its highly desirable location, the home has never experienced a vacancy and has been well-maintained. With five bedrooms, the property’s rental income comfortably covers operating expenses and mortgage costs. The main level offers an inviting, open layout, a gas fireplace for cozy evenings and includes an additional refrigerator for tenant convenience. The rental license is active and fully transferable. The floor plan features two bedrooms and a full bath on the main level, along with three bedrooms and a 3/4 bath in the lower level. Most windows were replaced just before the current owners purchased the property. The living room, dining room, and all lower-level lookout windows have been updated within the past 3 years. A significant recent upgrade is the brand-new 2025 boiler, which also functions as an on-demand water heater. This efficient system helps keep heating costs low by eliminating the need to maintain a full tank of hot water and removes the future expense of replacing a traditional water heater. Current rent is $2,875 per month with the lease expiring on May 31, 2026. All tenants are vacating the property. The next 12 month rental cycle is projected at $3,000 per month, still below comparable nearby properties, which typically run $50–$75 higher per room. This is an outstanding opportunity to own a strong, income-producing property while also potentially providing housing for a student with a fully transferable rental license. Let this investment work for you or enjoy it as a regular single family home with excellent proximity to campus.

Last Agent to Sell the Property

Paul Docauer

RE/MAX Advantage Plus - Blaine Brokerage Phone: Listed on: 03/26/2026

RE/MAX Advantage Plus - Blaine

Co-Listed By

Nonmember NONMEMBER

Nonmember Office Brokerage Phone:

Last Buyer's Agent

Kevin Kalligher

RE/MAX Results

RE/MAX Results

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,854

Year Built

  • Built in 1929

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40 x 125

Home Design

  • Concrete Foundation
  • Wood Siding
  • Stucco

Interior Spaces

  • 1-Story Property
  • Gas Fireplace
  • Entrance Foyer
  • Living Room
  • Dining Room

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Parking Available

Additional Features

  • Public Water Access
  • No Cooling

Listing and Financial Details

  • Assessor Parcel Number 010263000440

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,854

Year Built

Built in 1929

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Directions: I35 from the South, Hwy 61 from the North to N 21st Ave E, go west to Woodland Ave, Go right to College St, go left Lawn Street, go left to 1916.
  • Tax Year: 2025
  • Reso Roof: Asphalt Shingle
  • Year Built: 1929
  • Property Sub Type: Single Family Detached
  • Property Type: Residential
  • Lot Size: 40 x 125
  • Road Frontage Type: City Street
  • Co List Office Mls Id: LSA59
  • Co List Office Phone: 218-000-0000
  • Co List Office Mls Id: LSA31627
  • Above Grade Finished Sq Ft: 1260
  • Special Features: None

Interior Features

  • Appliances: Dryer, Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 662
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Stories: 1

Exterior Features

  • Disclosures: Other Disclosures, Disc./Condition Report, LBP Disclosure
  • Construction Type: Stucco, Wood
  • Foundation Details: Concrete

Garage/Parking

  • Parking Features: Concrete, Gravel

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Water Source: City

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Development Status: Previously Owned
  • Parcel Number: 010263000440

Tax Info

  • Tax Annual Amount: 3854

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2026
Closed on
May 18, 2026
Sold by
Bought by
Seller's Agent
Paul Docauer
RE/MAX Advantage Plus - Blaine
Buyer's Agent
Kevin Kalligher
RE/MAX Results
List Price
$325,000
Sold Price
$325,000
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.58%
Original Mortgage
$260,000
Outstanding Balance
$260,000
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$63,632

Purchase Details

Closed on
May 3, 2017
Sold by
Bought by

Purchase Details

Listed on
Mar 20, 2015
Closed on
Apr 30, 2015
Sold by
Bought by
Seller's Agent
Mike Peller
Gables & Ivy Real Estate
Buyer's Agent
Amy Kranig
Edina Realty Inc - Duluth
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%
Original Mortgage
$131,250
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,780
Interest Rate
5.69%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 9, 2002
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $325,000 Trademark Title
Interfamily Deed Transfer -- None Available
Warranty Deed $175,000 Arrowhead Abstract & Title C
Warranty Deed $173,900 Rels
Quit Claim Deed -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $260,000 New Conventional
Previous Owner $131,250 New Conventional
Previous Owner $34,780 Credit Line Revolving
Previous Owner $139,120 Fannie Mae Freddie Mac
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/01/2026 05/01/26 Sold $325,000 0.0% $258 / Sq Ft
03/27/2026 03/27/26 Pending -- -- --
03/26/2026 03/26/26 For Sale $325,000 +85.7% $258 / Sq Ft
04/30/2015 04/30/15 Sold $175,000 0.0% $141 / Sq Ft View Prior Sale
03/27/2015 03/27/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $175,000 -- $141 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,798 $280,300 $30,800 $249,500
2023 $3,854 $250,300 $30,800 $219,500
2022 $3,334 $237,300 $29,200 $208,100
2021 $3,108 $201,500 $24,800 $176,700
2020 $3,176 $191,800 $23,600 $168,200
2019 $2,734 $190,500 $23,600 $166,900
2018 $2,224 $165,000 $23,600 $141,400
2017 $2,064 $163,700 $23,600 $140,100
2016 $2,018 $49,000 $49,000 $0
2015 $1,897 $120,200 $29,500 $90,700
2014 $1,897 $120,200 $29,500 $90,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6124189

APN: 010263000440

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