NOT LISTED FOR SALE

Estimated Value: $482,052

12 Beds
4 Baths
3,700 Sq Ft
$130/Sq Ft Est. Value

Last Sold March 25, 2024

Last sale price $475,000 $128 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,000/month

43 Days on Market

Highlights

  • Zero Lot Line
  • Forced Air Heating System
  • Coin Laundry

About This Home

As of March 2024

Fantastic investment fourplex available now! 2 up and 2 on main level. All units are 3 bedroom and 1 bathroom. New roof! All the units have had updates over the years including carpet, paint, utilities, kitchens, bathrooms, water heaters and more. Large lot with dedicated parking. Location is prime in the heart of MPLS! Several school options in the area. Parks, groceries, restaurants, entertainment and more. Short walk to public transportation. Short drive to downtown MPLS. Very good financial returns here! Dont miss out on this great opportunity!

Last Listed By

David Hitchcock

Pro Flat Fee Realty LLC Listed on: 01/24/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,300

Year Built

  • Built in 1899

Lot Details

  • Lot Dimensions are 48x156
  • Few Trees
  • Zero Lot Line

Home Design

  • Quadruplex
  • Pitched Roof
  • Architectural Shingle Roof

Interior Spaces

  • 3,700 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Bathrooms

Parking

  • Assigned Parking
  • Unassigned Parking

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel
  • The owner pays for insurance, taxes, water
  • Assessor Parcel Number 1502924220014

Community Details

Overview

  • 4 Units
  • Cobbs Add To North Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,300

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Common Laundry, Coin-op Laundry Owned
  • Year Built: 1899
  • Above Grade Finished Sq Ft: 3700
  • Water Sewer Expenses: 4800
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 3700
  • Owner Pays: Insurance, Taxes, Water
  • Basement YN: Yes
  • Appliances: Gas Water Heater,Range
  • Total Rooms: 5
  • Appliances: Gas Water Heater,Range
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 12

Exterior Features

  • Roof: Architectural Shingle, Asphalt, Pitched
  • Neighborhood: Hawthorne

Garage/Parking

  • Parking Features: Assigned, Asphalt, Paved, Unassigned
  • Garage Square Feet: 0

Utilities

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

Schools

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

Lot Info

  • Lot Size: 48x156
  • Land Lease: No
  • Lot Features: Tree Coverage - Light, Zero Lot Line
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Vinyl Siding
  • Units Total: 4

Rental Info

  • Expenses: 11400.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1502924220014
  • Tax Annual Amount: 3300
  • TaxWithAssessments: 3300.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Fuel
  • Number Of Refrigerators: Four

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2024
Closed on
Mar 25, 2024
Sold by
Vincent Rental Properties Llc A Limited
Bought by
Superb Rental Holdings Llc A Limited Li
Seller's Agent
David Hitchcock
Pro Flat Fee Realty LLC
Buyer's Agent
Nalee Vue
Home Sellers
List Price
$500,000
Sold Price
$475,000
Premium/Discount to List
-$25,000
-5%
Total Days on Market
43
Views
66
Current Estimated Value
$482,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,052
Avg. Annual Appreciation
1.34%
Original Mortgage
$380,000
Outstanding Balance
$375,864
Interest Rate
6.64%
Mortgage Type
New Conventional
Estimated Equity
$106,188

Purchase Details

Closed on
Sep 14, 2020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
2.86%

Purchase Details

Listed on
Feb 5, 2014
Closed on
May 30, 2014
Sold by
Sunson Properties Llc
Bought by
Vincent Rental Properties Llc
List Price
$180,000
Sold Price
$180,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.42%
Original Mortgage
$100,000
Interest Rate
4.34%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Sep 28, 2012
Sold by
Larson Jeremy D and Larson Amy R
Bought by
Sunson Properties Llc

Purchase Details

Closed on
Sep 29, 2009
Sold by
Federal National Mortgage Association
Bought by
Larson Jeremy D and Sundberg Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
5.15%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 15, 2003
Sold by
Meahyen Madison
Bought by
Hance John E and David Jean M

Purchase Details

Closed on
Sep 5, 2001
Sold by
Hopfenspirger Damaras Elston
Bought by
Meahyen Madison and Meahyen Cita

Purchase Details

Closed on
Aug 21, 2000
Sold by
Hopfenspirger Damarus Elston
Bought by
Meahyen Madison

Purchase Details

Closed on
Mar 16, 1982
Sold by
Toivonen William John
Bought by
Hopfenspirger Damaras Elston

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
Superb Rental Holdings Llc A Limited Li $475,000 --
-- $180,000 --
Vincent Rental Properties Llc $180,000 Partners Title Of North Subu
Sunson Properties Llc -- Title Mark
Larson Jeremy D -- Title Mark
Larson Jeremy D $59,000 --
Hance John E $345,000 --
Meahyen Madison $122,000 --
Meahyen Madison $120,000 --
Hopfenspirger Damaras Elston $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Superb Rental Holdings Llc A Limited Li $380,000
Previous Owner -- $100,000
Previous Owner -- --
Previous Owner Vincent Rental Properties Llc $100,000
Previous Owner Larson Jeremy D $75,000
Closed Hopfenspirger Damaras Elston $0
Closed Meahyen Madison --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2024 03/25/24 Sold $475,000 -5.0% $128 / Sq Ft
03/08/2024 03/08/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $500,000 +177.8% $135 / Sq Ft
05/30/2014 05/30/14 Sold $180,000 0.0% $45 / Sq Ft
05/12/2014 05/12/14 Pending -- -- --
02/05/2014 02/05/14 For Sale $180,000 -- $45 / 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 $3,926 $403,000 $52,800 $350,200
2022 $5,844 $411,000 $52,800 $358,200
2021 $5,358 $344,000 $33,300 $310,700
2020 $5,232 $328,000 $22,200 $305,800
2019 $4,584 $285,000 $22,200 $262,800
2018 $4,057 $241,500 $11,100 $230,400
2017 $3,727 $187,500 $10,100 $177,400
2016 $3,372 $163,000 $10,100 $152,900
2015 $2,902 $143,000 $10,100 $132,900
2014 -- $124,500 $10,100 $114,400
Source: Public Records

Agents Affiliated with this Home

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Source: NorthstarMLS

MLS Number: 6480714

NorthstarMLS

APN: 15-029-24-22-0014