NOT LISTED FOR SALE

1918 4th Ave E Hibbing, MN 55746

10 Beds
5 Baths
14,319 Sq Ft
1940 Built

Sale Details

Date 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

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $2,038 $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

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Map

Source: Range Association of REALTORS®

MLS Number: 143360

Range Association of REALTORS®
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