$500,000
SOLD JUL 26, 2022
7 Beds
3 Baths
3,870 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$129 Per Sq Ft

Highlights

  • Forced Air Heating System
  • Coin Laundry
  • 3-minute walk to Mueller Park

About This Home

As of July 2022

Great opportunity for an owner occupant to offset their cost of living in this Beautiful Lowry Hill East neighborhood Triplex. Plenty of Character in this property that was built as a 'true' Duplex with hardwood floors, wood trim, and brick fireplaces. Great curb appeal with recently painted exterior and newer roof. Off-street parking is available with alley access. 3rd unit in the basement has been recently updated and an owner-occupant could potentially save a great deal of money by living in the basement unit and renting out the other 2 units. The main floor and 2nd-floor units are both 3 bedroom/1 Bath and the main floor unit is currently rented for $1950/mo. Separated gas and electric billing for each unit.

Last Agent to Sell the Property

Jason Reed

RE/MAX Results Listed on: 05/10/2022

RE/MAX Results

Co-Listed By

Kent Hranicka

RE/MAX Results

Last Buyer's Agent

Charles Osugo

Bridge Realty, LLC

Bridge Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,751

Year Built

  • Built in 1924

Lot Details

  • Lot Dimensions are 129x40
  • Few Trees

Home Design

  • Triplex

Interior Spaces

  • 2-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, fuel
  • The owner pays for insurance, taxes, water
  • Assessor Parcel Number 3302924130016

Community Details

Overview

  • 3 Units
  • Anderson Douglas & Co 1St Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,751

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Year Built: 1924
  • Above Grade Finished Sq Ft: 3210
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable
  • FoundationDimensions: 30x50
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 3870
  • Fireplace: No
  • Below Grade Finished Sq Ft: 660
  • Owner Pays: Insurance, Taxes, Water
  • Appliances: Range
  • Total Rooms: 7
  • Appliances: Range
  • Total Rooms: 5
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Fencing: None
  • ConstructionMaterialsDesc: Stone
  • Neighborhood: Lowry Hill East

Garage/Parking

  • Parking Features: Asphalt, Concrete
  • Garage Square Feet: 0
  • Garage Door Height: 0
  • Other Parking Spaces: 0
  • Other Parking Spaces: 0
  • Other Parking Spaces: 0

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 129x40
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 3

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2021
  • Assessor Parcel Number: 3302924130016
  • Tax Annual Amount: 8751
  • TaxWithAssessments: 8799.0000

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 26, 2022
Sold by
Kessel Craig and Kessel Lisa
Bought by
Campbell Joseph
Seller's Agent
Jason Reed
RE/MAX Results
Buyer's Agent
Charles Osugo
Bridge Realty, LLC
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%
Original Mortgage
$410,378
Outstanding Balance
$394,191
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$194,145

Purchase Details

Listed on
May 10, 2022
Closed on
Jul 20, 2022
Sold by
Kessel Craig S and Kessel Lisa
Bought by
Campbell Joseph D
Seller's Agent
Jason Reed
RE/MAX Results
Buyer's Agent
Charles Osugo
Bridge Realty, LLC
List Price
$500,000
Sold Price
$500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,378
Outstanding Balance
$394,191
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$194,145

Purchase Details

Closed on
Feb 26, 2007
Sold by
Kpm Corp
Bought by
Kessel Craig S and Kessel Lisa

Purchase Details

Closed on
Dec 28, 2005
Sold by
Kpm Corp
Bought by
Kessel Craig S

Purchase Details

Closed on
Jul 7, 1997
Sold by
Laturnus Joseph A
Bought by
Kessel Theodore and Kessel Barbara A

Purchase Details

Closed on
Oct 25, 1996
Sold by
Transamerica Financial Services
Bought by
Laturnns Joseph A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $505,000 --
Warranty Deed $505,000 None Listed On Document
Contract Of Sale $250,000 --
Interfamily Deed Transfer $250,000 --
Warranty Deed $180,000 --
Deed $41,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $410,378 New Conventional
Closed $400,000 New Conventional
Previous Owner $203,000 New Conventional
Previous Owner $204,351 New Conventional
Closed -- Land Contract Argmt. Of Sale
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $569,900 0.0% $178 / Sq Ft
05/13/2023 05/13/23 Rented $895 0.0% --
04/17/2023 04/17/23 Off Market $895 -- --
04/10/2023 04/10/23 For Rent $895 0.0% --
07/26/2022 07/26/22 Sold $500,000 0.0% $129 / Sq Ft
05/10/2022 05/10/22 Pending -- -- --
05/10/2022 05/10/22 For Sale $500,000 -- $129 / 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 $8,637 $541,000 $164,000 $377,000
2022 $9,134 $516,000 $152,000 $364,000
2021 $8,799 $535,000 $131,000 $404,000
2020 $9,513 $535,000 $146,700 $388,300
2019 $8,885 $535,000 $97,800 $437,200
2018 $8,096 $486,500 $97,800 $388,700
2017 $8,037 $426,000 $88,900 $337,100
2016 $7,018 $360,500 $88,900 $271,600
2015 $7,354 $360,500 $88,900 $271,600
2014 -- $313,500 $86,900 $226,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6193598

NorthstarMLS

APN: 33-029-24-13-0016