2223 N 3rd St Minneapolis, MN 55411
Hawthorne NeighborhoodEstimated Value: $256,174 - $345,000
6
Beds
2
Baths
2,532
Sq Ft
$122/Sq Ft
Est. Value
About This Home
As of October 2023Amazing Investment Opportunity - Profitable duplex with strong cash flow! Consider adding this duplex to your investment portfolio and reap the benefits of consistent cash flow - a true "cash cow"! It's the perfect choice for owner-occupant investors looking to "house hack" by residing in one unit while the other generates income. Both units have been updated. Spacious bedrooms, inviting family rooms, and comfortable dining areas, this turn-key duplex ensures the comfort of all occupants. And there's more! Envision the possibilities of enhancing this property's value by finishing the attic, transforming it into a triplex. By doing so, you can maximize rental income potential and further diversify your investment strategy. This turn-key duplex is an impeccable fit for both experienced investors and those taking their first steps into real estate. Don't let this opportunity slip through your fingers - take action today to secure your financial future. Schedule a viewing now!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,888
Year Built
- Built in 1900
Parking
- 1 Car Garage
Home Design
- Duplex
Interior Spaces
- 2,532 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Additional Features
- Deck
- Lot Dimensions are 40x148
- Forced Air Heating System
Community Details
- 2 Units
- Nickels & Smiths Add Subdivision
Listing and Financial Details
- Tenant pays for all utilities
- Assessor Parcel Number 1502924230021
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 25, 2023
Closed on
Oct 6, 2023
Sold by
Ali Burhan and Ali Nawal
Bought by
Dove Lilly
Seller's Agent
Vance Ross
Keller Williams Premier Realty
Buyer's Agent
Vance Ross
Keller Williams Premier Realty
List Price
$299,999
Sold Price
$315,000
Premium/Discount to List
$15,001
5%
Total Days on Market
6
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,456
Avg. Annual Appreciation
-1.09%
Original Mortgage
$303,469
Outstanding Balance
$127,985
Interest Rate
7.23%
Mortgage Type
FHA
Estimated Equity
$181,559
Purchase Details
Listed on
Sep 17, 2020
Closed on
Nov 9, 2020
Sold by
Xiong Mor
Bought by
Ali Burhan
Seller's Agent
Yer Thao
Home Sellers
Buyer's Agent
Vance Ross
Keller Williams Premier Realty
List Price
$279,999
Sold Price
$279,900
Premium/Discount to List
-$99
-0.04%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.14%
Original Mortgage
$274,829
Interest Rate
2.9%
Mortgage Type
FHA
Purchase Details
Listed on
Oct 5, 2016
Closed on
Nov 30, 2016
Sold by
Guaman Rosa E and Guaman Luis D
Bought by
Gualpa Jorge H
Seller's Agent
Jorge Gualpa
Real Broker, LLC
List Price
$169,900
Sold Price
$169,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.47%
Original Mortgage
$144,415
Interest Rate
3.54%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 5, 2016
Closed on
Nov 29, 2016
Sold by
Gualpa Jorge Horlando and Gualpa Rachel
Bought by
Xiong Mor
Seller's Agent
Jorge Gualpa
Real Broker, LLC
List Price
$169,900
Sold Price
$169,900
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,415
Interest Rate
3.54%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 12, 2016
Sold by
Guaman Rosa E and Guaman Luis A
Bought by
Gualpa Jorge
Purchase Details
Closed on
Jun 24, 2009
Sold by
Residential Funding Company Llc
Bought by
Not Provided
Purchase Details
Closed on
Jan 17, 2003
Sold by
Gamboni Jason
Bought by
Sanders Attrice and Oyewo Fatima
Purchase Details
Closed on
Nov 16, 2001
Sold by
Xiong Thai A
Bought by
Gamboni Jason
Purchase Details
Closed on
May 24, 2001
Sold by
Levchak Bruce G
Bought by
Xiong Thai A and Cheng Yia
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
Similar Homes in Minneapolis, MN
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dove Lilly | $315,000 | Partners Title | |
| Ali Burhan | $279,900 | Title Smart Inc | |
| Gualpa Jorge H | -- | Titlesmart Inc | |
| Xiong Mor | $169,900 | Titlesmart Inc | |
| Gualpa Jorge | -- | None Available | |
| Not Provided | $23,500 | -- | |
| Sanders Attrice | $200,000 | -- | |
| Gamboni Jason | $160,000 | -- | |
| Xiong Thai A | $130,000 | -- | |
| Ali Burhan Burhan | $279,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dove Lilly | $303,469 | |
| Closed | Dove Lilly | $303,469 | |
| Previous Owner | Ali Burhan | $274,829 | |
| Previous Owner | Xiong Mor | $144,415 | |
| Closed | Ali Burhan Burhan | $274,829 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2023 10/06/23 | Sold | $315,000 | +5.0% | $124 / Sq Ft |
| 09/01/2023 09/01/23 | Pending | -- | -- | -- |
| 08/25/2023 08/25/23 | For Sale | $299,999 | +7.2% | $118 / Sq Ft |
| 11/09/2020 11/09/20 | Sold | $279,900 | 0.0% | $111 / Sq Ft |
| 10/04/2020 10/04/20 | Pending | -- | -- | -- |
| 09/17/2020 09/17/20 | For Sale | $279,999 | +64.8% | $111 / Sq Ft |
| 11/29/2016 11/29/16 | Sold | $169,900 | 0.0% | $67 / Sq Ft |
| 10/19/2016 10/19/16 | Pending | -- | -- | -- |
| 10/05/2016 10/05/16 | For Sale | $169,900 | -- | $67 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $2,991 | $243,000 | $11,000 | $232,000 |
| 2022 | $3,699 | $234,000 | $11,000 | $223,000 |
| 2021 | $1,906 | $174,000 | $9,000 | $165,000 |
| 2020 | $1,778 | $162,500 | $9,800 | $152,700 |
| 2019 | $1,587 | $144,000 | $6,500 | $137,500 |
| 2018 | $1,258 | $128,500 | $6,500 | $122,000 |
| 2017 | $2,024 | $108,000 | $5,900 | $102,100 |
| 2016 | $2,195 | $113,500 | $5,900 | $107,600 |
| 2015 | $1,165 | $94,500 | $5,900 | $88,600 |
| 2014 | -- | $90,000 | $7,200 | $82,800 |
Source: Public Records
Agents Affiliated with this Home
-
Vance Ross
V
Seller's Agent in 2023
Vance Ross
Keller Williams Premier Realty
(651) 280-0244
8 in this area
48 Total Sales
-
Yer Thao
Seller's Agent in 2020
Yer Thao
Home Sellers
(763) 439-3844
1 in this area
15 Total Sales
-
Jorge Gualpa
Seller's Agent in 2016
Jorge Gualpa
Real Broker, LLC
(612) 208-5762
73 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6423220
APN: 15-029-24-23-0021
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 410 23rd Ave N
- 2138 N 6th St
- 421 24th Ave N
- 610 22nd Ave N
- 2115 N 6th St
- 2134 Lyndale Ave N
- 2410 Lyndale Ave N
- 1900 5th St N
- 417 26th Ave N
- 812 21st Ave N
- 2311 River Pointe Cir
- 2100 Dupont Ave N
- 2523 Dupont Ave N
- 2704 Bryant Ave N
- 2714 Bryant Ave N
- 2323 Emerson Ave N
- 2906 N 4th St
- 2320 Fremont Ave N
- 2629 Dupont Ave N
- 2906 Aldrich Ave N
- 2223 N 3rd St
- 2219 N 3rd St
- 2229 N 3rd St
- 311 23rd Ave N
- 2231 2231 3rd-Street-n
- 2231 N 3rd St
- 2211 N 3rd St
- 317 23rd Ave N
- 321 321 23rd-Avenue-n
- 2207 N 3rd St
- 2218 N 4th St
- 310 22nd Ave N
- 310 310 22nd-Avenue-n
- 2214 N 4th St
- 314 22nd Ave N
- 314 314 22nd-Avenue-n
- 312 23rd Ave N
- 2201 N 3rd St
- 2210 N 4th St
- 2226 N 4th St