Seller's Agent in 2022
Matt Rengstorf
Perrella & Associates
(218) 295-2240
197 in this area
433 Total Sales
1918 4th Ave E Hibbing, MN 55746
10
Beds
5
Baths
14,319
Sq Ft
1940
Built
About This Home
As of July 2022Great 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
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| 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 | $1,780 | $80,600 | $19,700 | $60,900 |
| 2023 | $1,780 | $81,900 | $19,700 | $62,200 |
| 2022 | $1,752 | $81,900 | $19,700 | $62,200 |
| 2021 | $2,048 | $81,900 | $19,700 | $62,200 |
| 2020 | $2,008 | $81,900 | $19,700 | $62,200 |
| 2019 | $1,962 | $82,300 | $19,600 | $62,700 |
| 2018 | $1,942 | $82,300 | $19,600 | $62,700 |
| 2017 | $2,258 | $82,500 | $19,800 | $62,700 |
| 2016 | $2,246 | $82,500 | $19,800 | $62,700 |
| 2015 | -- | $107,000 | $21,500 | $85,500 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Rengstorf
Map
Source: Range Association of REALTORS®
MLS Number: 143360
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