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

12 Days on Market

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
  • 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

Utilities

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

Fee Information

  • Rent Income: 86261

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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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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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

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 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

    199 in this area

    436 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

Not Listed for Sale

MultiFamily

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