NOT LISTED FOR SALE

2301 2nd Ave W Hibbing, MN 55746

4 Beds
2 Baths
1,400 Sq Ft
1920 Built

Last Sold August 15, 2019

Last sale price $54,000 $39 Per Sq Ft

476 Days on Market

Highlights

  • Balcony
  • Heating System Uses Steam
  • Washer and Dryer
  • Garage

About This Home

As of August 2019

Nice duplex in Hibbing with good rental history. Walking distance to downtown and schools. Spacious apartments, off-street parking, and utilities included with rent. Corner lot.

Last Agent to Sell the Property

Jason Sheiman

Grand Properties Real Estate License #20564640 Listed on: 03/27/2018

Last Buyer's Agent

Laurio Brown

1ST Realty Rangewide Inc License #40134981

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $718

Year Built

  • Built in 1920

Home Design

  • 1,400 Sq Ft Home
  • Duplex
  • Wood Frame Construction
  • Shingle Roof

Basement

  • Basement Fills Entire Space Under The House
  • Stone or Rock in Basement

Parking

  • Garage
  • Off-Site Parking

Additional Features

  • Washer and Dryer
  • Balcony
  • Lot Dimensions are 50 x 125
  • Heating System Uses Steam

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $600
  • Utility Expense $3,600
  • Gross Income $11,400
  • Net Operating Income $6,609

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$718

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 03/27/2018
  • Real Estate Tax: 718
  • Type: Duplex
  • Year Built: 1920
  • Inclusions: Stove & refrigerator
  • Lot Size Length: 50
  • Lot Size Width: 125
  • Utilities Expenses: 3600
  • Insurance Expenses: 600
  • Laundry Storage: Washer/Dryer
  • Net Income: 6609
  • Projected Income: 11400
  • Rent: Month To Month
  • Repairs Maint Expenses: 300
  • Total Expense: 4791
  • Total Income: 11400
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 1400
  • Basement: Full, Rock

Exterior Features

  • Exterior: Wood
  • Roof: Shingle
  • Outside Features: Balcony, Garage

Garage/Parking

  • Parking: Garage, Off Site Parking

Utilities

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

Fee Information

  • Rent Income: 11400

Lot Info

  • Zoning: Res

Rental Info

  • Actual Income: 11400

Multi Family

  • Number Of Units: 2

Tax Info

  • Taxes: 591

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
08/15/2019 08/15/19 Sold $54,000 -9.8% $39 / Sq Ft
07/16/2019 07/16/19 Pending -- -- --
04/22/2019 04/22/19 For Sale $59,900 +10.9% $43 / Sq Ft
09/10/2018 09/10/18 Off Market $54,000 -- --
08/20/2018 08/20/18 Price Changed $59,900 -7.8% $43 / Sq Ft
03/27/2018 03/27/18 For Sale $65,000 -- $46 / Sq Ft
Source: Range Association of REALTORS®

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
2024 $1,522 $77,700 $7,300 $70,400
2023 $1,522 $70,800 $7,300 $63,500
2022 $1,084 $54,800 $6,600 $48,200
2021 $1,000 $48,900 $6,600 $42,300
2020 $912 $45,500 $6,600 $38,900
2019 $726 $41,900 $6,600 $35,300
2018 $718 $34,200 $10,800 $23,400
2017 $664 $34,200 $10,800 $23,400
2016 $740 $32,400 $10,400 $22,000
2015 $693 $38,400 $11,000 $27,400
2014 $693 $34,400 $11,000 $23,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 134121

Range Association of REALTORS®