NOT LISTED FOR SALE

Estimated Value: $149,108 - $224,000

4 Beds
2 Baths
1,660 Sq Ft
$117/Sq Ft Est. Value

Last Sold December 02, 2019

Last sale price $152,000 $92 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,342/month

81 Days on Market

Highlights

  • 2 Car Detached Garage
  • Baseboard Heating
  • Property is Fully Fenced
  • Porch

About This Home

As of December 2019

Reduced for quick sale! Cash cow! Best duplex on the market! 2+2 bedroom, 2 car garage, walkout basement. Rented for $1100 per month each unit. Vacant and clean. Best rental numbers on market! Ex: 25% down. Mortgage $130,000 at 4.5% = PITI $850 Plus water and garbage = $230. Total $1080 expenses. Net $1120/month = 29% ROC. Or you can live in one unit for free!

Last Listed By

Howard Gangestad

Howard Gangestad Real Estate Listed on: 08/25/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,770

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50x157
  • Property is Fully Fenced
  • Wire Fence

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Metal Siding
  • Vinyl Siding

Interior Spaces

  • 1,660 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Porch

Utilities

  • Baseboard Heating
  • Boiler Heating System

Community Details

  • 2 Units
  • Highland Park Add Subdivision

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 1602924140136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,770

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Outside Features: Metal, Vinyl
  • Garage Spaces: 2.00
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Concrete Floors & Walls, Porch
  • Fuel Type: Natural Gas
  • Numberof Ranges: Two
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1660.00
  • Above Grade Finished Area Search: 1660.00
  • Above Grade Finished Sq Ft: 1660.00
  • Below Grade Units: Square Feet
  • Carport Y N: No
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 10615
  • Listing Organization: Iowa
  • Living Area Finished: 1660.00
  • Living Area Finished Units: Square Feet
  • Main Level Area: 900.00
  • Main Level Area Units: Square Feet
  • Minneapolis Community Names: Near North
  • Parcel Numbers: 1602924140136
  • Property Sub Type Additional: Duplex Up and Down
  • Refrigerator Number: Two
  • Rental License: No
  • Stories Type: Two
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Full, Unfinished, Walkout
  • Living Area: 1660.00
  • Fireplace: No
  • Stories: 2

Beds/Baths

  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt Shingles
  • PoolFeatures: None
  • Fencing: Full, Wire

Garage/Parking

  • Parking Features: Detached Garage

Utilities

  • Heating: Baseboard, Boiler
  • Sewer: City Sewer/Connected

Schools

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Lot Info

  • Zoning: Residential-Multi-Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • Assessment Pending: Unknown
  • Lot Size: 50x157
  • Homestead: No
  • Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Medium
  • Lot Size Area Units: Square Feet

Rental Info

  • Owner Pays: Insurance, Maintenance/Repair, Taxes, Trash, Water/Sewer

Building Info

  • Units Total: 2.00

Tax Info

  • TaxLegalDescription: Lot 013 Block 019 Highland Park Add to Mpls
  • Tax Amount: 1770.00
  • Tax Year: 2019
  • Tax With Assessments: 1770.00
  • Assessor Parcel Number: 1602924140136

Multi Family

  • TenantPays: Electric
  • Unit Count: 1
  • Above Grade Finished Sq Ft: Square Feet

MLS Schools

  • School District Name: 1 - Minneapolis

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2024
Sold by
Hoffmeyer Alex and Hoffmeyer Sydney
Bought by
Hoffmeyer Properties Llc
Total Days on Market
81
Current Estimated Value
$193,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Outstanding Balance
$218,788
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$25,261

Purchase Details

Closed on
Aug 15, 2024
Sold by
Lmk Properties Llc
Bought by
Hoffmeyer Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Outstanding Balance
$218,788
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$25,261

Purchase Details

Closed on
Aug 13, 2024
Sold by
Lmk Properties Llc
Bought by
Hoffmeyer Alex

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Outstanding Balance
$218,788
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
-$25,261

Purchase Details

Listed on
Aug 25, 2019
Closed on
Dec 2, 2019
Sold by
Tariq Zeeshan and Lamoe Heather
Bought by
Lmk Properties Llc
Seller's Agent
Howard Gangestad
Howard Gangestad Real Estate
List Price
$174,900
Sold Price
$152,000
Premium/Discount to List
-$22,900
-13.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.53%
Original Mortgage
$114,000
Interest Rate
3.75%

Purchase Details

Listed on
Mar 16, 2018
Closed on
Apr 10, 2018
Sold by
Simpson Andrew L and Simpson Joyce A
Bought by
Tariq Zeeshan and Lampe Heather
Seller's Agent
John Stiles
First Select
List Price
$117,000
Sold Price
$121,000
Premium/Discount to List
$4,000
3.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.82%

Purchase Details

Listed on
May 2, 2016
Closed on
May 31, 2016
Sold by
Kostka Kevin
Bought by
Simpson Andrew L and Simpson Joyce A
Seller's Agent
John Stiles
First Select
Buyer's Agent
Marie Warman
Edina Realty, Inc.
List Price
$68,000
Sold Price
$87,000
Premium/Discount to List
$19,000
27.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.87%
Original Mortgage
$65,250
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2009
Sold by
Grp Loan Llc
Bought by
Kostka Kevin

Purchase Details

Closed on
Oct 27, 2006
Sold by
Not Provided
Bought by
Yang Billy N

Purchase Details

Closed on
Feb 10, 2003
Sold by
Lois R Mokros Revocable Trust
Bought by
Lee Mao and Vang Phia

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Hoffmeyer Properties Llc $500 Watermark Title
Hoffmeyer Alex $155,000 --
Hoffmeyer Alex $155,000 Watermark Title
Lmk Properties Llc $152,000 Titlesmart Inc
Tariq Zeeshan $121,000 Titlesmart Inc
Simpson Andrew L $87,000 Ancona Title & Escrow
Kostka Kevin $25,900 --
Yang Billy N $210,000 --
Lee Mao $127,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoffmeyer Properties Llc $220,000
Previous Owner Lmk Properties Llc $114,000
Previous Owner Simpson Andrew L $65,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2019 12/02/19 Sold $152,000 -4.9% $92 / Sq Ft
11/14/2019 11/14/19 Pending -- -- --
09/22/2019 09/22/19 Price Changed $159,900 -8.6% $96 / Sq Ft
08/25/2019 08/25/19 For Sale $174,900 +44.5% $105 / Sq Ft
04/10/2018 04/10/18 Sold $121,000 +3.4% $73 / Sq Ft
03/20/2018 03/20/18 Pending -- -- --
03/16/2018 03/16/18 For Sale $117,000 +34.5% $70 / Sq Ft
06/15/2016 06/15/16 Sold $87,000 +27.9% $52 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $68,000 -- $41 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

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
2023 $3,231 $202,000 $16,000 $186,000
2022 $2,616 $196,000 $16,000 $180,000
2021 $2,034 $154,000 $15,000 $139,000
2020 $3,172 $124,500 $14,700 $109,800
2019 $1,779 $110,000 $9,800 $100,200
2018 $1,512 $98,000 $9,800 $88,200
2017 $1,508 $80,500 $8,900 $71,600
2016 $1,634 $84,500 $8,900 $75,600
2015 $1,623 $70,500 $8,900 $61,600
2014 -- $67,000 $10,400 $56,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: NST5283918

NorthstarMLS

APN: 16-029-24-14-0136