NOT LISTED FOR SALE

Estimated Value: $618,000 - $792,053

8 Beds
3 Baths
3,969 Sq Ft
$176/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $612,500 $154 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,817/month

54 Days on Market

About This Home

As of November 2023

Beautifully updated Duplex just blocks from Lake of the Isles, located in Uptown Minneapolis with convenient access to highways and downtown Minneapolis. This spacious duplex has great character and charm. It boasts a total 8 bedrooms and 3 bathrooms in 2 units. Unit #1 is 3 Bedrooms 1 Bath and rents at $2500 per month. Unit #2 is 5 bedrooms 2 bathrooms occupying the top 2 levels of the property and rents at $3000 per month, Ample uncovered parking at back, Large covered front porch and each unit has a private deck for grilling and entertaining. This easy to rent Duplex is a excellent opportunity for a long term investment property. The property is fully occupied and leased until summer 2024. The roof will be replaced prior to closing.

Last Agent to Sell the Property

Andy Krishnan

Bridge Realty, LLC Listed on: 09/06/2023

Last Buyer's Agent

Travis Erickson

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,222

Year Built

  • Built in 1900

Lot Details

  • 7,405

Home Design

  • Duplex

Interior Spaces

  • 3,969 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Additional Features

  • Lot Dimensions are 58x129
  • Boiler Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 3302924130141

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,222

Year Built

Built in 1900

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: 1900
  • Above Grade Finished Sq Ft: 3969
  • Water Sewer Expenses: 3226.03
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Storage Space, Unfinished
  • Living Area: 3969
  • Basement YN: Yes
  • Amenities: Deck,Porch,Tile Floors,Walk-In Closet
  • Appliances: Dishwasher,Dryer,Gas Water Heater,Range
  • Number Of Fireplaces: 1
  • Total Rooms: 7
  • Amenities: Ceiling Fan(s),Deck,Tile Floors,Walk-In Closet
  • Appliances: Dryer,Range,Stainless Steel Appliances
  • Total Rooms: 11
  • Number Of Fireplaces: 0

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Neighborhood: East Isles

Garage/Parking

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

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: 58x129
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family,Residential-Single Family
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Wood Siding
  • Units Total: 2

Rental Info

  • Expenses: 66000.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 3302924130141
  • Tax Annual Amount: 11222
  • TaxWithAssessments: 11323.0000

Multi Family

  • FuelExpense: 4380.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Nov 30, 2023
Sold by
Shree Investments Llc
Bought by
Fondo Properties Llc
Seller's Agent
Andy Krishnan
Bridge Realty, LLC
Buyer's Agent
Travis Erickson
RE/MAX Results
List Price
$625,000
Sold Price
$612,500
Premium/Discount to List
-$12,500
-2%
Views
57
Current Estimated Value
$700,771

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,271
Avg. Annual Appreciation
10.24%

Purchase Details

Closed on
Jul 22, 2008
Sold by
Lasalle Bank Na
Bought by
Shree Investments Llc

Purchase Details

Closed on
Jan 11, 2006
Sold by
Doyle Ryan S and Doyle Emily A
Bought by
Vega Daniel and Vega Shauna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$548,000
Interest Rate
7.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 6, 2002
Sold by
Doyle Brian R and Doyle Crystal Floyd
Bought by
Doyle Ryan J

Purchase Details

Closed on
Oct 2, 2000
Sold by
Doyle Brian R and Crystal Floyd
Bought by
Doyle Ryan
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
Fondo Properties Llc $612,500 None Listed On Document
Shree Investments Llc $375,000 --
Vega Daniel $685,000 --
Doyle Ryan J $250,000 --
Doyle Ryan $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shree Investments Llc $465,000
Previous Owner Shree Investments Llc $1,061,250
Previous Owner Shree Investments Llc $948,750
Previous Owner Vega Daniel $548,000
Previous Owner Vega Daniel $137,000
Closed Doyle Ryan --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2023 11/30/23 Sold $612,500 -2.0% $154 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $625,000 -- $157 / 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 $11,757 $735,000 $288,000 $447,000
2022 $11,758 $697,000 $287,000 $410,000
2021 $11,177 $686,000 $288,000 $398,000
2020 $12,088 $677,500 $268,100 $409,400
2019 $11,297 $677,500 $232,300 $445,200
2018 $10,178 $616,000 $232,300 $383,700
2017 $9,455 $504,500 $211,200 $293,300
2016 $9,291 $480,500 $211,200 $269,300
2015 $9,546 $470,500 $211,200 $259,300
2014 -- $409,000 $194,400 $214,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6426764

NorthstarMLS

APN: 33-029-24-13-0141