Seller's Agent in 2024
Mary Sue McMahon Bramsen
RE/MAX Results
(612) 816-0991
5 in this area
55 Total Sales
2642 16th Ave S Minneapolis, MN 55407
Phillips NeighborhoodEstimated Value: $244,000 - $328,000
4
Beds
2
Baths
1,758
Sq Ft
$164/Sq Ft
Est. Value
About This Home
As of March 2024Here is your chance to owner occupy an affordable up/down duplex in the East Phillips area of Minneapolis! The upper unit is occupied with month-to-month tenants and the lower unit is ready for you to move in! Both units have 2 bedrooms, 1 bath, a living room, eat-in kitchen, hardwood floors and a 3-season porch. The lower unit also has a mudroom and access to the basement with the laundry. Upper unit is plumbed for a washer/dryer combo but currently there is not one in the unit. Insurance just approved a new roof as of 12/8/23! This home also has a new boiler, windows that have been replaced through the Mpls. lead abatement program and a current rental license. All items on the Truth-In-Housing have been addressed and all and all permits closed. 1st showing is ONLY for lower unit. If buyer is interested, you will schedule a 2nd showing for the upper unit with a 24-hour notice to the tenants. No exceptions. Taxes are $4250.35. Seller will pay off all tax assessments at closing.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,250
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 55x123.5
- Partially Fenced Property
- Few Trees
Parking
- 1 Car Garage
- Unassigned Parking
Home Design
- Duplex
Interior Spaces
- 1,758 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Basement Storage
Utilities
- Boiler Heating System
Community Details
- 2 Units
- Sylvester Mills Add Subdivision
Listing and Financial Details
- Tenant pays for grounds care, snow removal
- The owner pays for electricity, fuel, insurance, repairs, taxes, trash collection, water
- Assessor Parcel Number 3502924410258
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 25, 2025
Sold by
Terry Tyrell
Bought by
2642 16Th Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Outstanding Balance
$260,000
Interest Rate
6.85%
Mortgage Type
New Conventional
Estimated Equity
$28,626
Purchase Details
Listed on
Dec 8, 2023
Closed on
Mar 15, 2024
Sold by
Resurrection Residences Llp
Bought by
Terry Tyrell
Seller's Agent
Mary Sue McMahon Bramsen
RE/MAX Results
Buyer's Agent
Donnell Gresham
Exit Realty Nexus
List Price
$274,900
Sold Price
$223,000
Premium/Discount to List
-$51,900
-18.88%
Views
115
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.73%
Original Mortgage
$222,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Listed on
Dec 8, 2023
Closed on
Mar 4, 2024
Sold by
Resurrection Residences Llp
Bought by
Terry Tyrell
Seller's Agent
Mary Sue McMahon Bramsen
RE/MAX Results
Buyer's Agent
Donnell Gresham
Exit Realty Nexus
List Price
$274,900
Sold Price
$223,000
Premium/Discount to List
-$51,900
-18.88%
Views
115
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 21, 1997
Sold by
Mcda
Bought by
Leonard Linda K
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2642 16Th Llc | $485 | None Listed On Document | |
| Terry Tyrell | $223,000 | -- | |
| Terry Tyrell | $223,000 | Results Title | |
| Leonard Linda K | $350 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 2642 16Th Llc | $260,000 | |
| Previous Owner | Terry Tyrell | $222,000 | |
| Previous Owner | Terry Tyrell | $305,200 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/15/2024 03/15/24 | Sold | $223,000 | -18.9% | $127 / Sq Ft |
| 01/15/2024 01/15/24 | Price Changed | $274,900 | 0.0% | $156 / Sq Ft |
| 01/15/2024 01/15/24 | For Sale | $274,900 | -1.8% | $156 / Sq Ft |
| 01/10/2024 01/10/24 | Pending | -- | -- | -- |
| 12/09/2023 12/09/23 | For Sale | $280,000 | -- | $159 / Sq Ft |
Source: NorthstarMLS
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 |
|---|---|---|---|---|
| 2024 | $5,106 | $280,000 | $64,000 | $216,000 |
| 2023 | $7,212 | $276,000 | $46,000 | $230,000 |
| 2022 | $7,668 | $264,000 | $28,000 | $236,000 |
| 2021 | $3,926 | $240,000 | $26,000 | $214,000 |
| 2020 | $3,420 | $218,500 | $33,500 | $185,000 |
| 2019 | $2,977 | $193,500 | $22,300 | $171,200 |
| 2018 | $2,727 | $164,000 | $22,300 | $141,700 |
| 2017 | $2,352 | $125,500 | $20,300 | $105,200 |
| 2016 | $2,427 | $125,500 | $20,300 | $105,200 |
| 2015 | $2,212 | $109,000 | $20,300 | $88,700 |
| 2014 | -- | $101,000 | $20,300 | $80,700 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Sue McMahon Bramsen
-
Donnell Gresham
D
Buyer's Agent in 2024
Donnell Gresham
Exit Realty Nexus
(763) 548-1400
1 in this area
8 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6443423
APN: 35-029-24-41-0258
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