NOT LISTED FOR SALE

1918 4th Ave E Hibbing, MN 55746

10 Beds
5 Baths
14,319 Sq Ft
1940 Built

Last Sold July 27, 2022

Last sale price $190,000 $13 Per Sq Ft

About This Home

As of July 2022

Great investment property with excellent cash flow! 10 residential units & 3 commercial units. Convenient downtown location. Take advantage of the extremely strong rental demand in the area!

Last Agent to Sell the Property

Matt Rengstorf

Perrella & Associates License #40752619 Listed on: 05/20/2022

Last Buyer's Agent

Matt Rengstorf

Perrella & Associates License #40752619 Listed on: 05/20/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,256

Year Built

  • Built in 1940

Home Design

  • 14,319 Sq Ft Home

Additional Features

  • Lot Dimensions are 125 x 75.5
  • Heating System Uses Steam

Community Details

Overview

  • 13 Units

Building Details

  • Insurance Expense $3,894
  • Utility Expense $34,928
  • Gross Income $10,535
  • Net Operating Income $43,042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,256

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: Multi Family
  • Lvt Date: 05/20/2022
  • Real Estate Tax: 3,256
  • Total Above Grade Sq Ft: 14319
  • Year Built: 1940
  • Lot Size Length: 125
  • Lot Size Width: 75.5
  • Utilities Expenses: 34928
  • Insurance Expenses: 3894
  • Net Income: 43042
  • Projected Income: 10535
  • Total Expense: 43219
  • Total Income: 86261
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 14319
  • Lower Level Sq Ft: 6722
  • Main Level Sq Ft: 6722
  • Upper Level Sq Ft: 7597

Utilities

  • Utilities: City Sewer, City Water
  • Heating: Steam

Fee Information

  • Rent Income: 86261

Schools

  • School District: Hibbing

Lot Info

  • Zoning: 205,3

Rental Info

  • Actual Income: 86261

Multi Family

  • Number Of Units: 13

Tax Info

  • Taxes: 4397

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2022 07/27/22 Sold $190,000 +0.1% $13 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $189,900 -- $13 / Sq Ft
Source: Range Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Matt Rengstorf

    Seller's Agent in 2022

    Matt Rengstorf

    Perrella & Associates

    (218) 295-2240

    204 in this area

    444 Total Sales

    Matt Rengstorf
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Map

Source: Range Association of REALTORS®

MLS Number: 143360

Range Association of REALTORS®
Minnesota St Louis County Hibbing 55746

1918 4th Ave E, Hibbing, MN

This home is located at 1918 4th Ave E, Hibbing, MN 55746 since 20 May 2022. This property was built in 1940. 1918 4th Ave E is a home located in St. Louis County with nearby schools including Washington Elementary School, Lincoln Elementary School, and Hibbing High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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