NOT LISTED FOR SALE

Estimated Value: $424,962

12 Beds
3 Baths
3,256 Sq Ft
$131/Sq Ft Est. Value

Sale Details

Date Sold: July 18, 2024

Last sale price $340,000 $104 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,761 / mo

94 Days on Market

About This Home

As of July 2024

Back on the market financing fell through. Incredible opportunity to own a great income driven multifamily property in a prime location! Off central Ave NE and 27th in Minneapolis MN 12 single bedrooms rent separately for $350 monthly to generate more residual income with no hassle. Please see the attached supplement for detail income and expenses information. Roofing Material: 10 years old and the seller replaced the boiler last two years. Note: information provided is accurate but not guarantee Buyer and buyer’s agent should verify. 12 hours required for showing.

Last Agent to Sell the Property

James Amo

Minnesota Realty Guide, LLC Listed on: 04/09/2024

Co-Listed By

James Bromenschenkel

Minnesota Realty Guide, LLC

Last Buyer's Agent

Ali Ahyai

Real Estate Masters, Ltd.

Real Estate Masters, Ltd.
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,724

Year Built

  • Built in 1904

Parking

  • 1 Car Garage
  • Open Parking

Home Design

  • Brick Foundation

Interior Spaces

  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 3 Bathrooms

Additional Features

  • Irregular Lot
  • Boiler Heating System

Community Details

  • 3 Units
  • Menages Sup To East Side Add Subdivision

Listing and Financial Details

  • The owner pays for all utilities, electricity, gas, insurance, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 1102924140003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,724

Year Built

Built in 1904

Lot Details

0 Sq Ft Lot

Parking

1

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Other
  • Garage Spaces: 1
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1904
  • Above Grade Finished Sq Ft: 2528
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Brick/Mortar
  • Living Area: 3256
  • Below Grade Finished Sq Ft: 728
  • Owner Pays: All Utilities, Electricity, Gas, Insurance, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: No
  • Number Of Fireplaces: 0
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 12

Exterior Features

  • Fencing: None
  • ConstructionMaterialsDesc: Other
  • Neighborhood: Holland

Garage/Parking

  • Parking Features: Open

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, Fuses
  • Fuel: Electric,Natural Gas
  • Number of Ranges: None

Schools

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

Lot Info

  • Lot Size: 6969.6 sqft
  • Land Lease: No
  • Lot Features: Irregular Lot
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Fiber Cement, Stucco
  • Units Total: 3

Rental Info

  • Expenses: 22452.0400

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1102924140003
  • Tax Annual Amount: 5724
  • TaxWithAssessments: 5724.0000

Multi Family

  • ElectricExpense: 3359.41
  • FuelExpense: 3578.4
  • Number Of Refrigerators: None

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
Jul 17, 2024
Sold by
Bought by
Seller's Agent
James Amo
Minnesota Realty Guide, LLC
Buyer's Agent
Ali Ahyai
Real Estate Masters, Ltd.
List Price
$400,000
Sold Price
$340,000
Premium/Discount to List
-$60,000
-15%
Views
22
Current Estimated Value
$424,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,962
Avg. Annual Appreciation
11.55%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$340,000 None Listed On Document
$340,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/18/2024 07/18/24 Sold $340,000 0.0% $104 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
06/09/2024 06/09/24 Off Market $340,000 -- --
04/09/2024 04/09/24 For Sale $400,000 -- $123 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,054 $324,000 $112,400 $211,600
2024 $6,597 $359,700 $112,400 $247,300
2023 $5,749 $357,000 $112,400 $244,600
2022 $6,181 $355,500 $112,400 $243,100
2021 $5,954 $355,500 $112,400 $243,100
2020 $5,613 $355,500 $112,400 $243,100
2019 $5,165 $309,000 $112,400 $196,600
2018 $4,928 $276,000 $77,300 $198,700
2017 $4,297 $220,500 $59,600 $160,900
2016 $4,269 $212,000 $59,600 $152,400
2015 $3,644 $171,000 $59,600 $111,400
2014 -- $165,500 $49,700 $115,800
Source: Public Records

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Map

Source: NorthstarMLS

MLS Number: 6515958

NorthstarMLS

APN: 11-029-24-14-0003

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