NOT LISTED FOR SALE

Estimated Value: $555,000 - $745,000

12 Beds
5 Baths
4,824 Sq Ft
$137/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $630,000 $131 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,531/month

66 Days on Market

About This Home

As of September 2023

Don't miss this opportunity to own a high performing rental property in the beautiful Whittier neighborhood! This duplex is in great condition and both units are huge, attracting incredible rental income. The upper unit boasts 7 bedrooms, 3 bathrooms, a formal dining room, living room, sunrooms, and a 3rd floor living area. The lower unit boasts 5 bedrooms, 2 bathrooms, a formal dining room, living room, and sunrooms. Separate laundry in each unit. Both units recently renewed their leases, bringing in a total monthly income of $5,985 (not including laundry income)! The 7 bedroom unit rents for $3,190 and the 5 bedroom unit rents for $2,795. Tenants pay electricity.

Last Agent to Sell the Property

Phil Cameron

RE/MAX Results Listed on: 06/22/2023

RE/MAX Results

Last Buyer's Agent

Tom Fleetham

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,009

Year Built

  • Built in 1911

Lot Details

  • Lot Dimensions are 60x112

Home Design

  • Duplex

Interior Spaces

  • 4,824 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Natural lighting in basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 5 Bathrooms

Utilities

  • Hot Water Heating System
  • Boiler Heating System

Community Details

  • 2 Units
  • Daytons Sub Blks J T Blaisdell Subdivision

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 3402924210236

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,009

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1911
  • Above Grade Finished Sq Ft: 4824
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight/Lookout Windows, Unfinished
  • Living Area: 4824
  • Basement YN: Yes
  • Appliances: Dishwasher,Range
  • Number Of Fireplaces: 1
  • Total Rooms: 1
  • Appliances: Dishwasher,Range
  • Total Rooms: 1
  • Number Of Fireplaces: 1

Beds/Baths

  • Total Bedrooms: 12

Exterior Features

  • Neighborhood: Whittier

Garage/Parking

  • Garage Square Feet: 0

Utilities

  • Heating: Boiler, Hot Water
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: 60x112
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 3402924210236
  • Tax Annual Amount: 13009
  • TaxWithAssessments: 13008.7000

Multi Family

  • TenantPays: Electricity

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2023
Closed on
Sep 29, 2023
Sold by
2325 Pleasant Llc
Bought by
Salveson Jorgen and Pellicci Sarah
Seller's Agent
Phil Cameron
RE/MAX Results
Buyer's Agent
Tom Fleetham
Compass
List Price
$635,000
Sold Price
$630,000
Premium/Discount to List
-$5,000
-0.79%
Views
311
Current Estimated Value
$688,012

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,012
Avg. Annual Appreciation
2.36%
Original Mortgage
$598,500
Outstanding Balance
$586,664
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$74,649

Purchase Details

Listed on
Jun 22, 2023
Closed on
Sep 25, 2023
Sold by
2325 Pleasant Llc
Bought by
Salveson Jorgen and Pellicci Sarah K
Seller's Agent
Phil Cameron
RE/MAX Results
Buyer's Agent
Tom Fleetham
Compass
List Price
$635,000
Sold Price
$630,000
Premium/Discount to List
-$5,000
-0.79%
Views
311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$598,500
Outstanding Balance
$586,664
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$74,649

Purchase Details

Closed on
Dec 3, 2016
Sold by
Lindor Connie and Muellner Scott
Bought by
2325 Pleasant Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,287
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2016
Sold by
2325 Pleasant Llc
Bought by
Lindor Connie and Muellner Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,287
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2015
Sold by
Lindor Connie and Muellner Scott
Bought by
2325 Pleasant Llc

Purchase Details

Closed on
Jul 22, 2010
Sold by
Bank Of America Na
Bought by
Lindor Connie

Purchase Details

Closed on
Aug 31, 2004
Sold by
Severson Todd K and Severson Jodie
Bought by
Smith James R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Salveson Jorgen $630,000 --
Salveson Jorgen $630,000 Land Title
2325 Pleasant Llc -- None Available
Lindor Connie -- Attorney
2325 Pleasant Llc -- Attorney
Lindor Connie $251,900 --
Smith James R $404,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salveson Jorgen $598,500
Closed Salveson Jorgen $598,500
Previous Owner Lindor Connie $271,287
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2023 09/29/23 Sold $630,000 +2.4% $131 / Sq Ft
08/29/2023 08/29/23 Pending -- -- --
07/26/2023 07/26/23 Price Changed $615,000 -3.1% $127 / Sq Ft
07/07/2023 07/07/23 For Sale $635,000 0.0% $132 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/24/2023 06/24/23 For Sale $635,000 -- $132 / 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
2024 $11,067 $589,000 $140,000 $449,000
2023 $10,957 $685,000 $152,000 $533,000
2022 $14,304 $808,000 $151,000 $657,000
2021 $13,584 $842,000 $146,000 $696,000
2020 $14,273 $831,500 $115,400 $716,100
2019 $13,958 $807,500 $76,900 $730,600
2018 $12,258 $769,000 $76,900 $692,100
2017 $9,980 $532,500 $69,900 $462,600
2016 $8,954 $463,000 $69,900 $393,100
2015 $7,832 $386,000 $69,900 $316,100
2014 -- $335,500 $69,900 $265,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6387198

NorthstarMLS

APN: 34-029-24-21-0236