NOT LISTED FOR SALE

Estimated Value: $357,000 - $404,000

6 Beds
4 Baths
2,779 Sq Ft
$137/Sq Ft Est. Value

Last Sold June 13, 2023

Last sale price $412,000 $148 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,399/month

201 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • Coin Laundry

About This Home

As of June 2023

Don't miss this cash flowing duplex opportunity in the Harrison neighborhood! Located on a quiet street, just a block off of Glenwood Ave, with easy access to downtown, uptown, I-94 & I-394, this property currently has short term under-market leases in place, that can be extended or vacated for an owner/occupant. Long term owner has actively maintained the property, with several updates throughout including boilers (3 & 7 years old) and updated kitchen and bathrooms in upper level of main premises. Attached garage and lower level provide bonus storage spaces. While current license is for a duplex, the 3rd unit in the separate carriage home can potentially be added as a 3rd unit/ADU through approval by the city of Minneapolis licensing process. Walking distance to neighborhood favorites La Dona & Royal Foundry Distillery! This property is located in a federally qualified Opportunity Zone.

Last Agent to Sell the Property

Louis Puchtel

Gold Group Realty, LLC Listed on: 11/04/2022

Gold Group Realty, LLC

Co-Listed By

Aaron Goldstein

Gold Group Realty, LLC

Last Buyer's Agent

Scott Hoefler

Side by Side Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,993

Year Built

  • Built in 1909

Lot Details

  • Lot Dimensions are 40 x 128

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex

Interior Spaces

  • 2,779 Sq Ft Home
  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Forced Air Heating System
  • Boiler Heating System

Listing and Financial Details

  • The owner pays for insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 2102924340051

Community Details

Overview

  • 3 Units
  • Byrnes Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,993

Year Built

Built in 1909

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
  • Association Amenities: Laundry, Coin-op Laundry Owned
  • Year Built: 1909
  • Above Grade Finished Sq Ft: 2779
  • Water Sewer Expenses: 1487.5
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block
  • Living Area: 2779
  • Owner Pays: Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Total Rooms: 6
  • Total Rooms: 9
  • Total Rooms: 3

Beds/Baths

  • Total Bedrooms: 6

Exterior Features

  • Neighborhood: Harrison

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 360

Utilities

  • Heating: Boiler, Forced Air
  • Sewer: City Sewer - In Street
  • Fuel: Electric,Natural Gas

Schools

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

Lot Info

  • Lot Size: 40 x 128
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Fiber Board, Wood Siding
  • Units Total: 3

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 2102924340051
  • Tax Annual Amount: 3993
  • TaxWithAssessments: 3993.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jun 13, 2023
Sold by
Ofstedal Daniel
Bought by
Vannelli Brandon
Seller's Agent
Louis Puchtel
Gold Group Realty, LLC
Buyer's Agent
Scott Hoefler
Side by Side Realty LLC
List Price
$399,900
Sold Price
$412,000
Premium/Discount to List
$12,100
3.03%
Views
16
Current Estimated Value
$381,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,622
Avg. Annual Appreciation
-1.75%
Original Mortgage
$396,080
Outstanding Balance
$386,398
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$9,599

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jun 12, 2023
Sold by
Ofstedal Daniel Paul
Bought by
Vannelli Brandon
Seller's Agent
Louis Puchtel
Gold Group Realty, LLC
Buyer's Agent
Scott Hoefler
Side by Side Realty LLC
List Price
$399,900
Sold Price
$412,000
Premium/Discount to List
$12,100
3.03%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$396,080
Outstanding Balance
$386,398
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$9,599

Purchase Details

Closed on
Jan 28, 2011
Sold by
Kim Sandra
Bought by
Ofstedal Daniel Paul

Purchase Details

Closed on
Mar 27, 2001
Sold by
Hainey Scott T and Hainey Kandice K
Bought by
Ofstedal Daniel and Kim Sandra

Purchase Details

Closed on
May 26, 2000
Sold by
Kraby Donald
Bought by
Hainey Scott T and Hainey Kandice K

Purchase Details

Closed on
Sep 1, 1998
Sold by
Thompson Reed T
Bought by
Kraby Donald

Purchase Details

Closed on
Dec 1, 1997
Sold by
Radatz Juliet R and Radatz Andrew R
Bought by
Thompson Reed T
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
Vannelli Brandon $412,000 --
Vannelli Brandon $412,000 K2 Title
Ofstedal Daniel Paul -- None Available
Ofstedal Daniel Paul -- None Available
Ofstedal Daniel $87,000 --
Hainey Scott T $83,200 --
Kraby Donald $62,000 --
Donald Kraby J $62,000 --
Thompson Reed T $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vannelli Brandon $396,080
Closed Vannelli Brandon $404,537
Previous Owner Ofstedal Daniel $150,000
Closed Donald Kraby J --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2023 06/13/23 Sold $412,000 +3.0% $148 / Sq Ft
05/24/2023 05/24/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $399,900 -2.9% $144 / Sq Ft
05/01/2023 05/01/23 Off Market $412,000 -- --
02/13/2023 02/13/23 For Sale $399,900 0.0% $144 / Sq Ft
02/13/2023 02/13/23 Pending -- -- --
01/31/2023 01/31/23 Price Changed $399,900 -4.8% $144 / Sq Ft
01/08/2023 01/08/23 Price Changed $419,900 -4.5% $151 / Sq Ft
11/17/2022 11/17/22 Price Changed $439,900 -7.4% $158 / Sq Ft
11/04/2022 11/04/22 For Sale $475,000 -- $171 / 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 $4,415 $276,000 $67,000 $209,000
2022 $3,993 $264,000 $57,000 $207,000
2021 $2,696 $235,000 $35,000 $200,000
2020 $2,917 $165,000 $19,500 $145,500
2019 $2,723 $165,000 $13,000 $152,000
2018 $2,310 $150,000 $13,000 $137,000
2017 $2,240 $119,500 $11,800 $107,700
2016 $2,011 $104,000 $11,800 $92,200
2015 $2,253 $104,000 $11,800 $92,200
2014 -- $90,500 $11,800 $78,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6305362

NorthstarMLS

APN: 21-029-24-34-0051