NOT LISTED FOR SALE

2408 1st Ave S Minneapolis, MN 55404

Whittier Neighborhood

Estimated Value: $414,000 - $459,000

6 Beds
2 Baths
2,564 Sq Ft
$169/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $355,000 $138 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,980/month

10 Days on Market

Highlights

  • Fireplace
  • Forced Air Heating System
  • Wood Fence
  • Porch
  • Hot Water Heating System
  • 3-minute walk to Washburn Fair Oaks Park

About This Home

As of October 2022

Amazing opportunity to own a rare Painted Lady Victorian gem in ideal Whittier location. Move-in condition, perfect for owner occupied and/or great rental potential near MCAD. This charming up/down duplex features original woodwork, inlaid floors, five panel pocket doors, and two fireplaces. Fenced in yard with plenty of space for parking 4-5 cars in the back. 3 BR 1 BA Upper, 3 BR 1 BA Lower (main floor) with different floor plans. Lower unit has great ceiling height and open concept. Both units are filled with natural light. Well maintained by longtime owner with many major updates in the last year including: new roof, new furnace, updated electrical, and rebuilt chimney. In demand location walking distance to Eat Street, known for its diverse dining options, and close to MIA, parks, bike paths, grocery stores, restaurants, bars, and coffee shops. Accessible location for public transit and freeways/highways.

Last Agent to Sell the Property

Aleksa Montpetit

DRG Listed on: 09/13/2022

Last Buyer's Agent

Doug McNicoll

MRG Realty Partners, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,540

Year Built

  • Built in 1901

Lot Details

  • Lot Dimensions are 47x125
  • Wood Fence

Home Design

  • Duplex
  • Pitched Roof

Interior Spaces

  • 2,564 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • Hot Water Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 3402924130015

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,540

Year Built

Built in 1901

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Porch
  • Year Built: 1901
  • Above Grade Finished Sq Ft: 2564
  • Water Sewer Expenses: 1
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Living Area: 2564
  • Fireplace: Yes
  • Basement YN: Yes
  • Amenities: Porch
  • Appliances: Dryer,Range
  • Number Of Fireplaces: 2
  • Total Rooms: 7
  • Amenities: Porch
  • Appliances: Dryer,Range
  • Total Rooms: 6
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • Fencing: Wood
  • Neighborhood: Whittier

Garage/Parking

  • Parking Features: Gravel, Open
  • Garage Square Feet: 0
  • Other Parking Spaces: 2
  • Other Parking Spaces: 2

Utilities

  • Heating: Forced Air, Hot Water
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 47X125
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 1.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3402924130015
  • Tax Annual Amount: 6540
  • TaxWithAssessments: 6540.0000

Multi Family

  • ElectricExpense: 1
  • FuelExpense: 1
  • Resident Manager Expense: 1
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Oct 14, 2022
Sold by
Anderson Emily A
Bought by
Bk Foley Land And Developmein Incorporated
Seller's Agent
Aleksa Montpetit
DRG
Buyer's Agent
Doug McNicoll
MRG Realty Partners, LLC
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Current Estimated Value
$434,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,090
Avg. Annual Appreciation
7.26%
Original Mortgage
$248,500
Outstanding Balance
$241,465
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$189,559

Purchase Details

Closed on
Jul 28, 2005
Sold by
Struckman Helen
Bought by
Anderson Emily A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2003
Sold by
Johnston Edward T and Johnston Evonne L
Bought by
Struckman Helen
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
Bk Foley Land And Developmein Incorporated $355,000 --
Anderson Emily A $365,000 --
Struckman Helen $326,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bk Foley Land And Developmein Incorporated $248,500
Previous Owner Anderson Emily A $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2022 10/31/22 Sold $355,000 0.0% $138 / Sq Ft
09/23/2022 09/23/22 Pending -- -- --
09/17/2022 09/17/22 Off Market $355,000 -- --
09/13/2022 09/13/22 For Sale $350,000 -- $137 / 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 $6,991 $437,000 $91,000 $346,000
2022 $6,541 $428,000 $78,000 $350,000
2021 $6,617 $385,000 $50,000 $335,000
2020 $6,629 $405,000 $85,700 $319,300
2019 $6,614 $375,000 $60,600 $314,400
2018 $5,693 $357,000 $60,600 $296,400
2017 $5,819 $310,500 $55,100 $255,400
2016 $5,501 $284,500 $55,100 $229,400
2015 $4,810 $237,000 $55,100 $181,900
2014 -- $229,500 $50,100 $179,400
Source: Public Records

Agents Affiliated with this Home

  • Aleksa Montpetit

    Seller's Agent in 2022

    Aleksa Montpetit

    DRG

    (651) 210-4213

    6 in this area

    168 Total Sales

    Section Image
  • Doug McNicoll

    Buyer's Agent in 2022

    Doug McNicoll

    MRG Realty Partners, LLC

    (651) 900-4386

    1 in this area

    10 Total Sales

    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6256585

NorthstarMLS

APN: 34-029-24-13-0015

Minnesota Hennepin County Minneapolis 55404 Whittier

2408 1st Ave S, Minneapolis, MN

This home is located at 2408 1st Ave S, Minneapolis, MN 55404 since 13 September 2022 and is currently estimated at $434,090, approximately $169 per square foot. This property was built in 1901. 2408 1st Ave S is a home located in Hennepin County with nearby schools including Whittier International, Andersen United Middle School, and South Senior High School.

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