NOT LISTED FOR SALE

Estimated Value: $415,000 - $467,000

4 Beds
2 Baths
2,248 Sq Ft
$199/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $440,000 $196 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,235/month

11 Days on Market

Highlights

  • Forced Air Heating System
  • Privacy Fence
  • 4-minute walk to Windom Park
  • Baseboard Heating

About This Home

As of May 2024

Welcome to this adorable duplex situated on a quiet residential street in the heart of Northeast Minneapolis. This home is conveniently located near all that NE has to offer. Walk to Windom Park, take a short bike ride or drive to numerous restaurants, shopping, coffee shops and parkways. Easy and direct access to Downtown and the North Metro. This property is perfect for those looking to owner occupy a multi-family home or those looking to own an investment property. The main floor has an excellent tenant, and the upper level is ready for you to move-in, sign a 12-month lease, or even operate your own Airbnb. Rarely does such an incredible property come to the market at such a reasonable price. Plan your tour of this new listing today and get ready to call this house your new home.

Last Agent to Sell the Property

Graham Smith Team

Keller Williams Realty Integrity Lakes Listed on: 03/28/2024

Keller Williams Realty Integrity Lakes

Co-Listed By

Kimberly Wong

Keller Williams Realty Integrity Lakes

Last Buyer's Agent

Tom Fleetham

Compass

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,279

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 50x124
  • Privacy Fence
  • Wood Fence

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,248 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • 100 Amp Service
  • Cable TV Available

Community Details

  • 2 Units
  • Lincoln Street Sup East Side Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, fuel
  • The owner pays for sewer, taxes, trash collection
  • Assessor Parcel Number 1202924310029

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,279

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: 2248
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Unfinished
  • Living Area: 2248
  • Owner Pays: Sewer, Taxes, Trash Collection
  • Basement YN: Yes
  • Total Rooms: 6
  • Appliances: Range
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Fencing: Privacy, Wood
  • ConstructionMaterialsDesc: Brick
  • Neighborhood: Windom Park
  • PatioPorchType: Deck,Front Porch

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 400

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 50x124
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1202924310029
  • Tax Annual Amount: 7279
  • TaxWithAssessments: 7279.0000

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
May 14, 2024
Sold by
Jirele Alexander and Jirele Danielle
Bought by
Miller Brady
Seller's Agent
Graham Smith Team
Keller Williams Realty Integrity Lakes
Buyer's Agent
Tom Fleetham
Compass
List Price
$425,000
Sold Price
$440,000
Premium/Discount to List
$15,000
3.53%
Views
25
Current Estimated Value
$480,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,083
Avg. Annual Appreciation
3.01%
Original Mortgage
$418,000
Outstanding Balance
$413,959
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$42,381

Purchase Details

Closed on
Feb 28, 2018
Sold by
2406 Lincoln Llc
Bought by
Jirele Alexander and Stacey Danielle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,785
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2015
Sold by
Nesseth Gary M and Nesseth Mary L
Bought by
2406 Lincoln Llc
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
Miller Brady $440,000 --
Jirele Alexander $342,100 Siena Title
2406 Lincoln Llc $265,000 Liberty Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Brady $418,000
Previous Owner Jirele Alexander $292,000
Previous Owner Jirele Alexander $290,785
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2024 05/17/24 Sold $440,000 +3.5% $196 / Sq Ft
04/16/2024 04/16/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $425,000 -- $189 / 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 $7,279 $455,000 $129,000 $326,000
2022 $5,529 $412,000 $123,000 $289,000
2021 $4,498 $400,000 $62,000 $338,000
2020 $4,178 $342,000 $69,800 $272,200
2019 $4,909 $297,500 $46,500 $251,000
2018 $4,465 $270,500 $46,500 $224,000
2017 $3,805 $203,000 $42,300 $160,700
2016 $3,269 $169,000 $42,300 $126,700
2015 $3,115 $153,500 $42,300 $111,200
2014 -- $135,000 $45,600 $89,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6510669

NorthstarMLS

APN: 12-029-24-31-0029