NOT LISTED FOR SALE

2534 California St NE Minneapolis, MN 55418

Marshall Terrace Neighborhood

Estimated Value: $297,563 - $339,000

3 Beds
2 Baths
1,826 Sq Ft
$177/Sq Ft Est. Value

Last Sold July 31, 2023

Last sale price $229,900 $126 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,172/month

4 Days on Market

About This Home

As of July 2023

This two-story duplex is located in the heart of the Minneapolis art district, just steps away from galleries, cafes, and shops. The property features two spacious units, one with two bedrooms, one bathroom, hardwood floors, and large windows, and the second unit with one bedroom and large storage space. The units share a partially fenced backyard and a detached garage. This property offers the new owner or investor the chance to build equity, by further improving this property. Whether you’re looking for a place to live and rent out the other unit, or an investment opportunity with steady income potential, this duplex is a rare find in a desirable location. Don’t miss this chance to own a piece of Minneapolis history and culture!

Last Agent to Sell the Property

Jim Peterson

Lakes Area Realty Listed on: 06/09/2023

Co-Listed By

Thomas Peterson

Lakes Area Realty

Last Buyer's Agent

Enyi Okwulehie

Northstar Real Estate Associates

Northstar Real Estate Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,653

Year Built

  • Built in 1900

Lot Details

  • 4,792

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Pitched Roof

Interior Spaces

  • 1,826 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Gravity Heating System
  • 100 Amp Service

Additional Features

  • Rear Porch
  • Lot Dimensions are 42x120

Community Details

  • 2 Units
  • Murdoughs Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1002924140123

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,653

Year Built

Built in 1900

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: None
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 1826
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Living Area: 1826
  • Basement YN: Yes
  • Appliances: Dryer,Gas Water Heater,Range
  • Total Rooms: 5
  • Appliances: Range
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt, Pitched
  • ConstructionMaterialsDesc: Block,Frame
  • Neighborhood: Marshall Terrace
  • PatioPorchType: Rear Porch

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 0

Utilities

  • Heating: Gravity
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Topography: Sloped
  • Lot Size: 42x120
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Other
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1002924140123
  • Tax Annual Amount: 4653
  • TaxWithAssessments: 4653.4400

Multi Family

  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2023
Closed on
Jul 31, 2023
Sold by
Elna Mn Llc
Bought by
Ali Saadat Mir
Seller's Agent
Jim Peterson
Lakes Area Realty
Buyer's Agent
Enyi Okwulehie
Northstar Real Estate Associates
List Price
$229,900
Sold Price
$229,900
Views
56
Current Estimated Value
$323,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,991
Avg. Annual Appreciation
20.52%
Original Mortgage
$10,000
Interest Rate
6.71%

Purchase Details

Closed on
Apr 1, 2019
Sold by
W P Ventures Ii Lp
Bought by
Elna Mn Llc

Purchase Details

Closed on
Apr 24, 2009
Sold by
Residential Funding Company
Bought by
Dj Financial Llc

Purchase Details

Closed on
Sep 14, 2005
Sold by
Castillo Washington
Bought by
Yunga Marco H

Purchase Details

Closed on
Dec 4, 2002
Sold by
Palchisaca Pinguil Segundo
Bought by
Castillo Washington and Castillo Minerva

Purchase Details

Closed on
Mar 9, 2001
Sold by
Hilgart Daniel M
Bought by
Torres Joel A and Peralta Olga Cecelia

Purchase Details

Closed on
Jun 11, 1997
Sold by
Hud
Bought by
Hilgard Daniel M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ali Saadat Mir $229,900 Watermark Title
Elna Mn Llc -- None Available
Dj Financial Llc $50,000 --
Yunga Marco H $214,900 --
Castillo Washington $170,000 --
Torres Joel A $110,000 --
Hilgard Daniel M $29,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Ali Saadat Mir $10,000
Open Ali Saadat Mir $183,400
Previous Owner Elna Mn Llc $1,600,000
Previous Owner W P Ventures Ii Llp $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2024 08/25/24 Off Market $229,900 -- --
07/31/2023 07/31/23 Sold $229,900 0.0% $126 / Sq Ft
06/14/2023 06/14/23 Pending -- -- --
06/10/2023 06/10/23 For Sale $229,900 -- $126 / 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 $4,607 $288,000 $99,000 $189,000
2022 $3,975 $289,000 $98,000 $191,000
2021 $3,823 $234,000 $47,000 $187,000
2020 $3,508 $234,000 $42,000 $192,000
2019 $3,276 $198,500 $28,000 $170,500
2018 $2,979 $180,500 $28,000 $152,500
2017 $2,652 $141,500 $25,500 $116,000
2016 $2,678 $138,500 $25,500 $113,000
2015 $2,344 $115,500 $25,500 $90,000
2014 -- $100,500 $25,500 $75,000
Source: Public Records

Agents Affiliated with this Home

  • Jim Peterson

    Seller's Agent in 2023

    Jim Peterson

    Lakes Area Realty

    (612) 834-3202

    1 in this area

    97 Total Sales

    Jim Peterson
    Section Image
  • Thomas Peterson

    Seller Co-Listing Agent in 2023

    Thomas Peterson

    Lakes Area Realty

    (612) 834-3201

    1 in this area

    83 Total Sales

    Thomas Peterson
    Section Image

  • E

    Buyer's Agent in 2023

    Enyi Okwulehie

    Northstar Real Estate Associates

    (763) 377-3879

    5 in this area

    18 Total Sales

    Enyi Okwulehie
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6385216

NorthstarMLS

APN: 10-029-24-14-0123

Minnesota Hennepin County Minneapolis 55418 Marshall Terrace

2534 California St NE, Minneapolis, MN

This home is located at 2534 California St NE, Minneapolis, MN 55418 since 09 June 2023 and is currently estimated at $323,891, approximately $177 per square foot. This property was built in 1900. 2534 California St NE is a home located in Hennepin County with nearby schools including Pillsbury Elementary School, Northeast Middle School, and Thomas Edison High School.

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