1916 Lawn St Duluth, MN 55812
Chester Park NeighborhoodEstimated payment $2,037/month
Highlights
- Deck
- No HOA
- Laundry Room
- Congdon Elementary School Rated A-
- Lower Floor Utility Room
- 1-Story Property
About This Home
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. Initial price of $339,900 was a typo.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,766
Year Built
- Built in 1929
Lot Details
- Lot Dimensions are 40x125x40x125
- Few Trees
Interior Spaces
- 1-Story Property
- Living Room with Fireplace
- Dining Room
- Lower Floor Utility Room
- Range
Bedrooms and Bathrooms
- 5 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
- Basement Storage
- Basement Window Egress
Outdoor Features
- Deck
Utilities
- No Cooling
- Boiler Heating System
- 100 Amp Service
Community Details
- No Home Owners Association
- Kent Road Div Of Duluth Subdivision
Listing and Financial Details
- Assessor Parcel Number 010263000440
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,798 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/27/2026 03/27/26 | Pending | -- | -- | -- | |
| 03/26/2026 03/26/26 | For Sale | $325,000 | 0.0% | $169 / Sq Ft | |
| 03/21/2026 03/21/26 | Price Changed | $325,000 | +85.7% | $169 / 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $175,000 | Arrowhead Abstract & Title C | |
| Warranty Deed | $173,900 | Rels | |
| Quit Claim Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $131,250 | New Conventional | |
| Previous Owner | $34,780 | Credit Line Revolving | |
| Previous Owner | $139,120 | Fannie Mae Freddie Mac |
Source: NorthstarMLS
MLS Number: 7032254
APN: 010263000440
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Listings courtesy of NorthstarMLS as distributed by MLS GRID.
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Ask me questions while you tour the home.