NOT LISTED FOR SALE

Estimated Value: $510,000 - $637,260

5 Beds
2 Baths
3,332 Sq Ft
$177/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $556,000 $167 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,776/month

15 Days on Market

About This Home

As of August 2023

Don't miss out on this great Duplex that is move in ready but it also has a ton of add value in the basement with a potential ADU or combine it with unit 1. In 2022 lots of the big ticket items were taken care of including splitting the electric and gas which allowed for the owner to install two new furnaces and add Central AC to both units. While doing this the seller ran a new gas line into the house. Trim and body of house and garage were scrapped and painted in 2023. This is available for an owner occupant come 10/01/2023. The property is located in a perfect spot to commute around town, to the airport and walking distance to the lakes. This would be a great Airbnb, Owner Occupied or straight investment. Potential appreciation play as the property is just a block away from places going for upwards of $1,000,000! Property was virtually staged to not interrupt tenants.

Last Agent to Sell the Property

Garrett Gordon

Side by Side Realty LLC Listed on: 06/02/2023

Last Buyer's Agent

Chauncee Hollingsworth

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,560

Year Built

  • Built in 1900

Lot Details

  • 5,227

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 40x129
  • Forced Air Heating System

Community Details

  • 2 Units
  • Hennepin Ave Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, grounds care, snow removal
  • The owner pays for trash collection, water
  • Assessor Parcel Number 3302924120136

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,560

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
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2306
  • Water Sewer Expenses: 1025
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Fiber Optic
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 3332
  • Below Grade Finished Sq Ft: 1026
  • Owner Pays: Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Cable,French Doors,Porch
  • Appliances: Range
  • Number Of Fireplaces: 1
  • Total Rooms: 6
  • Amenities: Cable,Deck
  • Appliances: Gas Water Heater,Range
  • Total Rooms: 6
  • Number Of Fireplaces: 1

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Neighborhood: East Isles
  • PatioPorchType: Deck,Enclosed,Porch,Rear Porch,Screened,Terrace

Garage/Parking

  • Parking Features: Detached, Concrete, Garage Door Opener
  • Garage Square Feet: 484
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Electric,Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 40x129
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3302924120136
  • Tax Annual Amount: 6560
  • TaxWithAssessments: 6560.2200

Multi Family

  • TenantPays: Cable TV, Electricity, Gas, Grounds Care, Snow Removal
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Jul 26, 2023
Sold by
Caruso Giuseppe and Caruso Kelly
Bought by
Horn Maxwell and Horn Natalie
Seller's Agent
Garrett Gordon
Side by Side Realty LLC
Buyer's Agent
Chauncee Hollingsworth
eXp Realty
List Price
$550,000
Sold Price
$556,000
Premium/Discount to List
$6,000
1.09%
Views
35
Current Estimated Value
$591,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,315
Avg. Annual Appreciation
1.60%
Original Mortgage
$545,929
Outstanding Balance
$533,707
Interest Rate
6.67%
Mortgage Type
FHA
Estimated Equity
$41,440

Purchase Details

Closed on
Aug 12, 2021
Sold by
Lawson Cheryl L and Lehse Elinor L
Bought by
Caruso Giuseppe and Caruso Kelly
Source: Public Records

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
Horn Maxwell $556,000 Titlesmart
Caruso Giuseppe $475,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horn Maxwell $545,929
Previous Owner Caruso Giuseppe $332,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2023 08/04/23 Sold $556,000 +1.1% $167 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
06/03/2023 06/03/23 For Sale $550,000 -- $165 / 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 $7,839 $583,000 $247,000 $336,000
2022 $6,743 $408,000 $246,000 $162,000
2021 $6,357 $397,000 $237,000 $160,000
2020 $6,872 $385,000 $195,400 $189,600
2019 $6,420 $385,000 $170,800 $214,200
2018 $5,854 $350,000 $170,800 $179,200
2017 $5,448 $287,000 $155,300 $131,700
2016 $5,354 $273,500 $155,300 $118,200
2015 $5,681 $273,500 $155,300 $118,200
2014 -- $238,000 $141,700 $96,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6380315

NorthstarMLS

APN: 33-029-24-12-0136