$250,000
SOLD APR 30, 2025
6 Beds
3 Baths
3,740 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$67 Per Sq Ft

12% Below List Price

40 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 2 Car Detached Garage
  • Property is near public transit
  • No HOA
  • Forced Air Heating System

About This Home

As of April 2025

Spacious and perfectly located, this three-unit building offers an excellent investment opportunity. Situated on a convenient bus route and right next door to one of the area's best bakeries, this great income-producing property features beautiful hardwood floors, updated kitchens, and durable, low-maintenance siding. The lower unit, currently vacant, presents a fantastic opportunity for added value with some cosmetic updates and sweat equity. Tenants are responsible for their own heat and electricity, while the owner covers water, sewage, and garbage. Whether you're looking to expand your rental portfolio or live in one unit while renting out the others, this property is packed with potential!

Last Agent to Sell the Property

Scott Buckingham

Messina & Associates Real Estate Listed on: 03/13/2025

Last Buyer's Agent

Kevin Rappana

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,129

Year Built

  • Built in 1909

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 33 x 140

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Concrete Foundation
  • Plaster Walls
  • Fire Rated Drywall
  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Wood Flooring
  • Walkup Attic
  • Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Gas Water Heater

Additional Features

  • Deck
  • Property is near public transit

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Tenant pays for electric, fuel
  • Assessor Parcel Number 010-1140-04090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,129

Year Built

Built in 1909

Lot Details

0

Parking

2

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Next to corner of 27th Ave W. and 3rd St.
  • L O1 Office Phone1 Number: 218-728-4436
  • Taxes With Assessments: 4158
  • Tax Year: 2025
  • Lot Description Waterfront: No
  • Amenities Exterior: Deck
  • Appliances 1: Dryer, Range/Stove, Refrigerator, Washer
  • Appliances 2: Range/Stove, Refrigerator
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2860
  • Below Grade Finished Sq Ft: 880
  • Garage Type: Detached
  • Heat: Baseboard, Forced Air, Natural Gas, Electric
  • Laundry: Basement
  • Parking Number Garage Spaces: 2
  • Reso Roof: Asphalt Shingles
  • TotalBedrooms: 6
  • MediaType: Triplex
  • Year Built: 1909
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances 3: Range/Stove, Refrigerator
  • Basement Features: Walkout
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Stories: 3 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 3740

Exterior Features

  • Road Frontage: City, Paved, Sidewalk, Street Lights
  • Exterior: Vinyl

Garage/Parking

  • Parking Driveway: Off Street, Street, Driveway - Gravel

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Association/Amenities

  • AmenitiesOtherAmenities1: Hardwood Floors, Plaster Walls, Drywalls
  • Association Fees Include:Amenities2: Hardwood Floors, Walk-up Attic, Drywalls, Plaster Walls

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 33 x 140
  • Estimated Number of Acres: 0.11
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Pub. Trans (w/in 6 blks)
  • Parcel Number: 010-1140-04090

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Electric, Fuel

Tax Info

  • Tax Amount: 4129
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/30/2025 04/30/25 Sold $250,000 -12.3% $67 / Sq Ft
04/22/2025 04/22/25 Pending -- -- --
03/13/2025 03/13/25 For Sale $285,000 +62.6% $76 / Sq Ft
09/29/2022 09/29/22 Sold $175,250 -16.5% $47 / Sq Ft View Prior Sale
09/12/2022 09/12/22 Pending -- -- --
09/07/2022 09/07/22 For Sale $210,000 +79.5% $56 / Sq Ft
10/05/2015 10/05/15 Sold $117,000 -9.9% $30 / Sq Ft View Prior Sale
09/01/2015 09/01/15 Pending -- -- --
05/11/2015 05/11/15 For Sale $129,900 -- $34 / Sq Ft
Source: Lake Superior Area REALTORS®

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
2024 $4,158 $247,200 $20,700 $226,500
2023 $4,158 $224,100 $19,800 $204,300
2022 $4,358 $204,800 $18,200 $186,600
2021 $4,126 $149,300 $5,100 $144,200
2020 $3,404 $149,300 $5,100 $144,200
2019 $2,732 $135,100 $4,600 $130,500
2018 $2,572 $135,100 $4,600 $130,500
2017 $1,516 $135,100 $4,600 $130,500
2016 $1,474 $109,300 $29,100 $80,200
2015 $1,512 $79,300 $25,300 $54,000
2014 $1,502 $79,300 $25,300 $54,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6118135