2622 S 7th St Minneapolis, MN 55454
Cedar-Riverside Neighborhood
7
Beds
3
Baths
2,784
Sq Ft
3,049
Sq Ft Lot
Highlights
- Property is near public transit
- 1 Car Detached Garage
- Patio
- Wood Flooring
- Woodwork
- 5-minute walk to Riverside Park
About This Home
As of June 2025Great cash flowing prop within a couple blocks of UofM main campus, Augsburg & Fairview Hosp-you won't have a problem finding tenants with this location! Also within a cple blocks are the river,parks,running/biking/walking trails and much more!
Last Agent to Sell the Property
Matthew McLaren
Master Key Real Estate Co Listed on: 02/19/2013
Last Buyer's Agent
Martin Morgan
Morgan And Trust Realty
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,803
Year Built
- Built in 1912
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 39x77
Parking
- 1 Car Detached Garage
Home Design
- Duplex
- Asphalt Shingled Roof
- Stucco Exterior
Interior Spaces
- 2,784 Sq Ft Home
- Woodwork
- Wood Flooring
- Unfinished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Dishwasher
Utilities
- Cooling System Mounted In Outer Wall Opening
- Boiler Heating System
Additional Features
- Patio
- Property is near public transit
Community Details
- 2 Units
- Coin Laundry
- Gross Income $1,200
Listing and Financial Details
- Tenant pays for cable TV, electric, fuel, lawn, snow
- The owner pays for maint/repair, trash, water/sewer
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2025
Closed on
Jun 27, 2025
Sold by
Cole Division Llc
Bought by
Rog April M
Seller's Agent
Marty Morgan
Morgan And Trust Realty
Buyer's Agent
Kane Loukas
Wellspring Real Estate LLC
List Price
$499,500
Sold Price
$471,000
Premium/Discount to List
-$28,500
-5.71%
Views
48
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.41%
Original Mortgage
$447,450
Outstanding Balance
$447,072
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$36,056
Purchase Details
Closed on
May 3, 2021
Sold by
Rubin Howard J and Gliva Diane R
Bought by
Smg Property Llc
Purchase Details
Closed on
Apr 4, 2018
Sold by
Keeter Andrew N and Keeter Sharon
Bought by
Rubin Howard J and The Diane R Gilva 2012 Irrevocable Trust
Purchase Details
Listed on
Feb 19, 2013
Closed on
May 3, 2013
Sold by
Oconnor Nicholas and Oconnor Laura
Bought by
Keeter Andrew N
Seller's Agent
Matthew McLaren
Master Key Real Estate Co
Buyer's Agent
Martin Morgan
Morgan And Trust Realty
List Price
$345,000
Sold Price
$320,000
Premium/Discount to List
-$25,000
-7.25%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.43%
Original Mortgage
$240,000
Interest Rate
3.38%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 24, 2007
Sold by
Structural Integrity Llc
Bought by
Oconnor Nicholas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,200
Interest Rate
6.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 6, 2005
Sold by
Ardoyno John W
Bought by
Structural Integrity Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.83%
Mortgage Type
Unknown
Purchase Details
Closed on
Aug 6, 1997
Sold by
Estate Of Elna V Jensen
Bought by
Fortress Properties Llc
Similar Homes in Minneapolis, MN
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $471,000 | All American Title | |
| Deed | -- | None Available | |
| Warranty Deed | $448,000 | All American Title Co Inc | |
| Warranty Deed | $310,588 | None Available | |
| Warranty Deed | $346,500 | -- | |
| Contract Of Sale | $235,000 | -- | |
| Deed | $120,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $447,450 | New Conventional | |
| Previous Owner | $240,000 | New Conventional | |
| Previous Owner | $294,881 | FHA | |
| Previous Owner | $277,200 | New Conventional | |
| Previous Owner | $232,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Sold | $471,000 | -5.7% | $169 / Sq Ft |
| 06/03/2025 06/03/25 | Pending | -- | -- | -- |
| 04/11/2025 04/11/25 | For Sale | $499,500 | +29.7% | $179 / Sq Ft |
| 01/22/2025 01/22/25 | Sold | $385,000 | -12.3% | $138 / Sq Ft |
| 01/11/2025 01/11/25 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | Price Changed | $439,000 | -6.4% | $158 / Sq Ft |
| 11/04/2024 11/04/24 | For Sale | $469,000 | +46.6% | $168 / Sq Ft |
| 05/15/2013 05/15/13 | Sold | $320,000 | -7.2% | $115 / Sq Ft |
| 04/18/2013 04/18/13 | Pending | -- | -- | -- |
| 02/19/2013 02/19/13 | For Sale | $345,000 | -- | $124 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Tax History Compared to Growth
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 | $7,006 | $438,000 | $55,000 | $383,000 |
| 2022 | $7,832 | $461,000 | $55,000 | $406,000 |
| 2021 | $7,449 | $461,000 | $48,000 | $413,000 |
| 2020 | $7,194 | $456,000 | $21,300 | $434,700 |
| 2019 | $7,034 | $407,000 | $14,200 | $392,800 |
| 2018 | $6,070 | $387,500 | $14,200 | $373,300 |
| 2017 | $5,890 | $304,000 | $12,900 | $291,100 |
| 2016 | $5,878 | $304,000 | $12,900 | $291,100 |
| 2015 | $6,508 | $296,000 | $12,900 | $283,100 |
| 2014 | -- | $256,700 | $12,900 | $243,800 |
Source: Public Records
Agents Affiliated with this Home
-
Marty Morgan
Seller's Agent in 2025
Marty Morgan
Morgan And Trust Realty
(612) 432-5451
2 in this area
142 Total Sales
-
Kane Loukas
Buyer's Agent in 2025
Kane Loukas
Wellspring Real Estate LLC
(917) 583-4948
1 in this area
54 Total Sales
-
M
Seller's Agent in 2013
Matthew McLaren
Master Key Real Estate Co
-
M
Buyer's Agent in 2013
Martin Morgan
Morgan And Trust Realty
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 4441422
APN: 25-029-24-42-0022
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