NOT LISTED FOR SALE

Estimated Value: $661,000 - $713,000

8 Beds
4 Baths
5,022 Sq Ft
$137/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $677,000 $135 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $4,575/month

1 Day on Market

Highlights

  • Front Porch
  • Wood Fence
  • 1-minute walk to Mueller Park
  • Detached Carport Space

About This Home

As of October 2023

Amazing opportunity for owner-occupied triplex or investor on the most coveted block in the Lowry Hill East (Wedge) neighborhood! This T.P. Healy built triplex has been owner occupied for 48 years. 1st unit is 2,199 sq ft on two levels: main floor includes a large foyer, living room, dining room, kitchen, 2 bedrooms & sunroom, private back yard plus a 3rd bedroom & 2nd bath on the lower level. 2nd floor unit has 3 bedrooms, grand living & dining room, 2 of the bedrooms have separate, attached office/sunroom. 2nd unit rent: $1,750. 3rd floor unit has 2 bedrooms, living room, and oversized eat-in kitchen. 3rd unit rent: $1,350. The location is amazing! Close to shopping, The Wedge, Kowalski, restaurants, coffee shops & more. Steps to Mueller Park with basketball courts, grill, picnic area, playground, & wading pool. Roof is getting replaced in September. Check it out!

Last Listed By

Susan Westerman

Coldwell Banker Realty Brokerage Phone: 612-599-7050 Listed on: 09/08/2023

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,304

Year Built

  • Built in 1900

Parking

  • Detached Carport Space

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Crawl Space

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Utilities

  • Boiler Heating System
  • 200+ Amp Service

Additional Features

  • Front Porch
  • Wood Fence

Community Details

  • 3 Units
  • Lyndale Ave Add Subdivision

Listing and Financial Details

  • The owner pays for grounds care, taxes, trash collection, water
  • Assessor Parcel Number 3302924140092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,304

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 4632
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • InternetOptions: Fiber Optic
  • Attribution Contact: 612-599-7050
  • Attribution Contact: 612-599-7050
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Crawl Space, Partially Finished
  • Living Area: 5022
  • Below Grade Finished Sq Ft: 390
  • Owner Pays: Grounds Care, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Number Of Fireplaces: 1
  • Total Rooms: 6
  • Total Rooms: 8
  • Number Of Fireplaces: 1
  • Number Of Fireplaces: 0
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Fencing: Wood
  • Neighborhood: Lowry Hill East
  • PatioPorchType: Front Porch

Garage/Parking

  • Parking Features: Carport, Open
  • Garage Square Feet: 0

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Electric: 200+ Amp Service
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: See Lister
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 3

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 3302924140092
  • Tax Annual Amount: 9304
  • TaxWithAssessments: 9354.0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Oct 13, 2023
Sold by
Rayppy Gary and Scharpen William
Bought by
Kullberg Tess and Stenson Axel
Seller's Agent
Susan Westerman
Coldwell Banker Realty
Buyer's Agent
John Parker
Coldwell Banker Realty
List Price
$710,000
Sold Price
$677,000
Premium/Discount to List
-$33,000
-4.65%
Total Days on Market
1
Views
59
Current Estimated Value
$688,617

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,617
Avg. Annual Appreciation
1.06%
Original Mortgage
$541,600
Outstanding Balance
$533,484
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$155,133

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Similar Homes in Minneapolis, MN

  • 735 Madison St NE, Minneapolis, MN 55413

    $550,000

    • 6 Beds
    • 3 Baths
    • 2,624 Sq Ft
    • 735 Madison St NE
    • Minneapolis, MN

    Amazing opportunity for an owner occupied duplex or to add to an investment portfolio. Live in the big unit and the mortgage payment is less than you would have on a $300,000 house when adding in your rental income!Same owner for the past 20 years, not one full month of vacancy over that time! Welcome to 735 NE Madison St, a charming duplex nestled in the heart of Minneapolis, MN. This

    Charly Marggraf Compass

    Section Image
  • 2512 Dupont Ave S, Minneapolis, MN 55405

    $599,900

    • 7 Beds
    • 3 Baths
    • 3,210 Sq Ft
    • 2512 Dupont Ave S
    • Minneapolis, MN

    This well-maintained, beautiful, classic triplex in Uptown Minneapolis is only for sale because the seller has moved. This property was in good condition when the current owner purchased it and then made many improvements, including a new roof, fascia, windows, gutters, French drains, a high-end professional paint job, and more. The seller was planning on holding for years. It is always rented

    Dave Gallogly MSP Services, LLC

    Section Image
  • 2613 Bryant Ave S, Minneapolis, MN 55408

    $679,900

    • 6 Beds
    • 5 Baths
    • 4,300 Sq Ft
    • 2613 Bryant Ave S
    • Minneapolis, MN

    This striking multi-level up/down duplex is located in the heart of Uptown! This early 20th-century property combines period charm with modern updates, featuring lovely hardwood floors, beautiful woodwork, and updated kitchens and bathrooms. Unit 1 includes the main and lower levels, offering 3 bedrooms and 1.75 baths. It boasts refinished hardwood floors, freshly painted rooms, an updated

    Laurie Allen Coldwell Banker Realty

    Section Image
  • 2740 Lyndale Ave S, Minneapolis, MN 55408

    $720,000

    • 8 Beds
    • 4 Baths
    • 2,856 Sq Ft
    • 2740 Lyndale Ave S
    • Minneapolis, MN

    Convenient location 4-Plex in Uptown on Lyndale with just a short walk to lakes, coffee shops, and restaurants. Each unit has 2 br. Building completely remodeled by previous owner : Roof, Boilers, Furnaces, electrical etc (all permits pulled). 4 separate boilers/furnaces keeps expenses low! 8 off street parking spots. Unit 2 being held vacant for sale. 2 large storage spaces with great ceiling

    Sue Brown National Realty Guild

    Section Image
  • 2530 Pleasant Ave, Minneapolis, MN 55404

    $529,900

    • 6 Beds
    • 3 Baths
    • 3,038 Sq Ft
    • 2530 Pleasant Ave
    • Minneapolis, MN

    Looking for a nearly turn key multi-unit in the uptown area? Welcome home to this gem in the heart of Whittier/Lowry East Located on a quieter wooded street, the currently owner-occupied home offers the perfect blend of comfort and investment potential. The home has had a litany of valuable improvements in the last 5 years including new roof, new siding, 2 new A/C units, 2 new furnaces, new

    Dean Fjeld Keller Williams Preferred Rlty

    Section Image
  • 2017 Grand Ave S, Minneapolis, MN 55405

    $675,000

    • 8 Beds
    • 4 Baths
    • 4,732 Sq Ft
    • 2017 Grand Ave S
    • Minneapolis, MN

    Located in the highly desirable Whittier neighborhood of Uptown Minneapolis, this well-maintained four-unit building offers exceptional investment potential. Set on an extra-wide 64 ft lot, the property provides a mix of spacious living spaces, recent upgrades, and a prime location with strong rental demand. Ideal for investors seeking a low-maintenance property with long-term income

    Andy Krishnan Bridge Realty, LLC

    Section Image
  • 1121 Douglas Ave, Minneapolis, MN 55403

    $825,000

    • 7 Beds
    • 5 Baths
    • 5,363 Sq Ft
    • 1121 Douglas Ave
    • Minneapolis, MN

    Elegant and well-maintained Lowry Hill duplex. Great outdoor spaces, including patio and balconies. Each unit has an auxiliary apartment with kitchen and bath. Currently, all four spaces are used for short-term rentals and generate over $100,000 in rental income annually. Wonderful location, with easy access to downtown, Uptown, Lake of the Isles, area parks, transit, shopping, entertainment, and

    Christopher Grimes Coldwell Banker Realty

    Section Image
  • 2524 Stevens Ave, Minneapolis, MN 55404

    $625,000

    • 6 Beds
    • 4 Baths
    • 3,781 Sq Ft
    • 2524 Stevens Ave
    • Minneapolis, MN

    Located in the heart of Minneapolis’ sought-after Whittier neighborhood, 2524 Stevens Avenue is a well-maintained four-unit condo building offering a rare investment opportunity. With three vacant units, this property features a mix of layouts including 2 x 1-bedroom/1-bath units, 2 x 2-bedroom/1-bath units, all with great potential for new tenants or updates. Additional highlights include four

    Brooks Borrell Compass

    Section Image
  • 3045 Grand Ave S, Minneapolis, MN 55408

    $799,000

    • 8 Beds
    • 4 Baths
    • 3,766 Sq Ft
    • 3045 Grand Ave S
    • Minneapolis, MN

    A wonderful 4 plex in the heart of uptown. All 4 units are rent ready, updated, & fresh! Loan assumptionis a possibility w/ a fixed rate at 2.258%!! Gross rents $6,100 and growing. Split heat. Split electric.A great owner occupant or addition to one's portfolio. Shared laundry in the basement. NON-CONFORMING 5th unit in the basement! A MUST SEE!

    Sam Steadman RE/MAX Results

    Section Image

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
Kullberg Tess $677,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kullberg Tess $541,600
Previous Owner Rayppy Gary W $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $677,000 -4.6% $135 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
09/12/2023 09/12/23 For Sale $710,000 -- $141 / 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 $8,653 $634,000 $193,000 $441,000
2022 $10,226 $670,000 $182,000 $488,000
2021 $9,875 $691,000 $148,000 $543,000
2020 $9,996 $691,000 $116,400 $574,600
2019 $9,206 $652,000 $77,600 $574,400
2018 $8,197 $592,500 $77,600 $514,900
2017 $8,105 $518,500 $70,500 $448,000
2016 $6,994 $432,000 $70,500 $361,500
2015 $6,344 $375,500 $70,500 $305,000
2014 -- $350,000 $78,300 $271,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6430794

NorthstarMLS

APN: 33-029-24-14-0092