NOT LISTED FOR SALE

Estimated Value: $314,000 - $357,220

5 Beds
2 Baths
2,788 Sq Ft
$119/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $300,000 $108 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,218/month

86 Days on Market

Highlights

  • Porch
  • Partially Fenced Property
  • 5-minute walk to Peavey Field Park

About This Home

As of November 2022

This duplex is perfect for an owner occupant or an investor since it has great cash flow potential! Both units are now vacant. The main level is a 2 bed, 1 bath unit that was being rented for $1,200 / month plus an additional $200 / month going towards the gas and electrical costs. The upper unit is a 3 bed, 1 bath unit with an additional story above that is an extra-large family room. The top unit was rented for $1,500 / month plus an additional $200 / month going towards the gas and electrical costs. The annual gross income was $32,400! The basement has a bath with additional finished square footage that is being used for storage. There is a large parking pad behind the house and each unit has 1 stall in the detached garage. Each unit has a spacious kitchen with plenty of cabinets. This duplex is ready for you!

Last Agent to Sell the Property

Michael Kootsikas

Northstar Real Estate Associates Listed on: 07/13/2022

Northstar Real Estate Associates

Last Buyer's Agent

Jason Huerkamp

Keller Williams Preferred Rlty

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,350

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 48x144
  • Partially Fenced Property
  • Wire Fence

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Porch
  • Boiler Heating System

Community Details

  • 2 Units
  • Jones Bell & Harris Add Subdivision

Listing and Financial Details

  • The owner pays for electricity, insurance, taxes, trash collection, water
  • Assessor Parcel Number 3502924210128

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,350

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Deck, Porch
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2498
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Partially Finished
  • Living Area: 2788
  • Fireplace: No
  • Below Grade Finished Sq Ft: 290
  • Owner Pays: Electricity, Insurance, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Porch,Tile Floors
  • Appliances: Dryer,Microwave,Range
  • Total Rooms: 4
  • Amenities: Deck,Porch
  • Appliances: Dryer,Range
  • Total Rooms: 5
  • Shared Rooms: Sun Room

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • Fencing: Chain Link, Partial, Wire
  • Neighborhood: Ventura Village

Garage/Parking

  • Parking Features: Covered, Detached, Asphalt, Garage Door Opener
  • Garage Square Feet: 441
  • Garage Door Height: 7

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

  • Junior High Dist: Minneapolis
  • SchoolDistrictNumber: 1
  • SchoolDistrictPhone: 612-668-0000

Lot Info

  • Lot Size: 48x144
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 3502924210128
  • Tax Annual Amount: 3350
  • TaxWithAssessments: 3600.0000

Multi Family

  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2022
Closed on
Nov 11, 2022
Sold by
Vasudevan Govindarajan
Bought by
Wenzel Mitchell K and Cox Galen L
Seller's Agent
Michael Kootsikas
Northstar Real Estate Associates
Buyer's Agent
Jason Huerkamp
Keller Williams Preferred Rlty
List Price
$324,900
Sold Price
$300,000
Premium/Discount to List
-$24,900
-7.66%
Total Days on Market
86
Current Estimated Value
$332,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,805
Avg. Annual Appreciation
4.12%
Original Mortgage
$294,566
Interest Rate
6.94%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 2020
Sold by
Lazo Cristobal and Zegarra Nelly
Bought by
Vasudevan Govindarajan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,500
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2003
Sold by
Jara Carlos R and Jara Teresa M
Bought by
Lazo Cristobal

Purchase Details

Closed on
Mar 18, 2002
Sold by
Bell Richard M
Bought by
Jara Carlos R and Jara Teresa M
Source: Public Records

Similar Homes in Minneapolis, MN

  • 3345 31st Ave S, Minneapolis, MN 55406

    $390,000

    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 3345 31st Ave S
    • Minneapolis, MN

    Classic up/down duplex with all plumbing, gas systems, floors and kitchen cabinets updated. All bathrooms remodeled. Both units share laundry in the basement. First floor unit is 1 bed/1 bath. Second floor unit is 2 bed/1 bath.

    Melissa Clawson eXp Realty

    Section Image
  • 1134 Lincoln St NE, Minneapolis, MN 55413

    $359,000

    • 4 Beds
    • 2 Baths
    • 1,810 Sq Ft
    • 1134 Lincoln St NE
    • Minneapolis, MN

    Great Investment Opportunity in Northeast Minneapolis! This charming duplex offers a total of 4 bedrooms and 2 bathrooms, perfect for investors or owner-occupants looking to supplement their income. Located in a prime location, you’ll be close to all that Minneapolis has to offer, including shops, restaurants, parks, and more. A must-see rental property!

    Xai Xiong Home Sellers

    Section Image
  • 2216 Elliot Ave, Minneapolis, MN 55404

    $275,000

    • 6 Beds
    • 2 Baths
    • 2,808 Sq Ft
    • 2216 Elliot Ave
    • Minneapolis, MN

    Large South Minneapolis Duplex! Great opportunity! It has three bedrooms and one bathroom in each unit. It’s located just minutes from downtown Minneapolis, close to many local restaurants, entertainment venues, schools, and more!

    Chauncy Williams-Barefield Bridge Realty, LLC

    Section Image
  • 2116 Elliot Ave, Minneapolis, MN 55404

    $290,000

    • 4 Beds
    • 2 Baths
    • 2,508 Sq Ft
    • 2116 Elliot Ave
    • Minneapolis, MN

    Spacious South Minneapolis duplex offering a fantastic opportunity! Each unit features two bedrooms and one bathroom. Enjoy being just minutes from downtown Minneapolis and close to numerous restaurants & entertainment.

    Chaise Sanders Real Broker, LLC

    Section Image
  • 2108 Elliot Ave, Minneapolis, MN 55404

    $295,000

    • 4 Beds
    • 2 Baths
    • 1,504 Sq Ft
    • 2108 Elliot Ave
    • Minneapolis, MN

    Spacious South Minneapolis duplex offering a fantastic opportunity! Each unit features two bedrooms and one bathroom. Enjoy being just minutes from downtown Minneapolis and close to numerous restaurants & entertainment.

    Chaise Sanders Real Broker, LLC

    Section Image
  • 2420 10th Ave S, Minneapolis, MN 55404

    $359,900

    • 6 Beds
    • 2 Baths
    • 2,496 Sq Ft
    • 2420 10th Ave S
    • Minneapolis, MN

    ***CLOSE TO 1% RULE*** Charming South Minneapolis Duplex – Ideal for Owner-Occupants or Savvy Investors who enjoy space and convenience to Downtown Minneapolis. Discover this fantastic up/down duplex featuring two spacious THREE-bedroom units with original hardwood floors that blend classic charm with everyday comfort.Separate electrical panels for each unit, both kitchens and bathrooms improved,

    Joseph Maselter Fuze Real Estate

    Section Image
  • 2450 13th Ave S, Minneapolis, MN 55404

    $324,900

    • 4 Beds
    • 3 Baths
    • 1,827 Sq Ft
    • 2450 13th Ave S
    • Minneapolis, MN

    See this partly remodeled, well kept, turnkey up-down duplex with 2 bedrooms in each unit, 1 bath for the upper unit, and 2 baths for the lower unit. Separate laundry. Updates include newer windows, partially finished basement, interior, and exterior paint. It has hardwood floors, stainless steal appliances and granite countertops. In unit washer and dryer, Central AC and Heat, and a bonus room

    Torrion Amie RE/MAX Results

    Section Image
  • 2429 15th Ave S, Minneapolis, MN 55404

    $269,900

    • 3 Beds
    • 2 Baths
    • 1,396 Sq Ft
    • 2429 15th Ave S
    • Minneapolis, MN

    Recently remodeled nice duplex with a large fenced yard. Spacious unit on main level with a large porch. One bedroom studio upstairs with balcony for a time of relaxation! One car garage and extra off street parking spots. Large lot. Located blocks from bus line and minutes from downtown and other venues of entertainment!! A wonderful place to call home!

    Ying Que Land of Lakes Rlty

    Section Image
  • 2628 14th Ave S, Minneapolis, MN 55407

    $375,000

    • 4 Beds
    • 2 Baths
    • 2,032 Sq Ft
    • 2628 14th Ave S
    • Minneapolis, MN

    Solid up/down duplex. 2 bedrooms 1 bath each unit with a good size living spaces. Separate electric, beautiful woodwork, tall ceilings, hardwood floors and a secure storage shed out back. New siding, new concrete around the house, update kitchen, update bathrooms, new carpet, fresh paint,7 windows first floor, newer flooring in bathroom and kitchen. Space for parking and storage. Complete

    Artemisa Boston eXp Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Wenzel Mitchell K -- Minnesota Title
Vasudevan Govindarajan $278,000 Title Specialists Inc
Lazo Cristobal $239,900 --
Jara Carlos R $130,000 --
Vasudevan Govindarajan Govindarajan $278,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wenzel Mitchell K $320,614
Closed Wenzel Mitchell K $294,566
Previous Owner Vasudevan Govindarajan $208,500
Closed Wenzel Mitchell K $12,500
Closed Vasudevan Govindarajan Govindarajan $278,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $300,000 0.0% $108 / Sq Ft
10/07/2022 10/07/22 Pending -- -- --
09/27/2022 09/27/22 Price Changed $299,900 -4.8% $108 / Sq Ft
08/16/2022 08/16/22 Price Changed $314,900 -3.1% $113 / Sq Ft
07/13/2022 07/13/22 For Sale $324,900 -- $117 / 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 $4,289 $335,000 $47,000 $288,000
2022 $5,130 $294,000 $36,000 $258,000
2021 $3,600 $302,000 $37,000 $265,000
2020 $3,475 $262,500 $38,600 $223,900
2019 $3,212 $252,500 $25,700 $226,800
2018 $2,636 $229,500 $25,700 $203,800
2017 $2,416 $175,500 $23,400 $152,100
2016 $2,782 $175,500 $23,400 $152,100
2015 $2,553 $155,500 $23,400 $132,100
2014 -- $148,000 $23,400 $124,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6234648

NorthstarMLS

APN: 35-029-24-21-0128