$302,500
SOLD FEB 9, 2024
5 Beds
2 Baths
2,856 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

4% Above List Price

88 Days on Market

About This Home

As of February 2024

Excellent investment opportunity! This extra large, fully rented duplex offers two units, 3 bedrooms 1bath upper, 2 bedrooms, 1 bath lower, a spacious basement with ample storage, including a washer and dryer for each unit and an outdoor shed for more storage. Located near the bus stop and a quick commute to downtown Minneapolis.

Last Agent to Sell the Property

Karen Maverick

Century 21 Atwood Listed on: 10/08/2023

Last Buyer's Agent

Benjamin Nhan

Algo Realty Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,102

Year Built

  • Built in 1925

Home Design

  • Duplex

Interior Spaces

  • 2,856 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage
  • Natural lighting in basement

Additional Features

  • Lot Dimensions are 42x127
  • Boiler Heating System

Community Details

  • 2 Units
  • Fairmount Park Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV, electricity, grounds care, snow removal
  • The owner pays for insurance, repairs, taxes, trash collection, water
  • Assessor Parcel Number 0902924440196

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,102

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry
  • Year Built: 1925
  • Above Grade Finished Sq Ft: 2856
  • Water Sewer Expenses: 1920
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Daylight/Lookout Windows, Full, Storage Space, Unfinished
  • Living Area: 2856
  • Owner Pays: Insurance, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Number Of Fireplaces: 0
  • Total Rooms: 7
  • Appliances: Dryer,Gas Water Heater,Range
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: None
  • Neighborhood: Hawthorne

Garage/Parking

  • Parking Features: Gravel
  • Garage Square Feet: 0

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Topography: Level
  • Lot Size: 42x127
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco
  • Units Total: 2

Rental Info

  • Expenses: 7426.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 0902924440196
  • Tax Annual Amount: 2102
  • TaxWithAssessments: 2102.0000

Multi Family

  • TenantPays: Cable TV, Electricity, Grounds Care, Snow Removal
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2023
Closed on
Feb 9, 2024
Sold by
Northern Rentals Ely Llc
Bought by
Azevedo Evarson
Seller's Agent
Karen Maverick
Century 21 Atwood
Buyer's Agent
Benjamin Nhan
Algo Realty Inc
List Price
$290,000
Sold Price
$302,500
Premium/Discount to List
$12,500
4.31%
Views
99
Current Estimated Value
$312,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,093
Avg. Annual Appreciation
1.88%

Purchase Details

Closed on
Dec 23, 2019
Sold by
Maverick Karen and Maverick Brian
Bought by
Northern Rentals Tc Llc

Purchase Details

Closed on
Apr 15, 2016
Sold by
Thao Sanee and Thao Neil
Bought by
Maverick Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2014
Sold by
Xiong Lobert N and Thao Pang H
Bought by
Thao Sanee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.48%
Mortgage Type
Seller Take Back
Source: Public Records

Similar Homes in Minneapolis, MN

  • 3612 Longfellow Ave, Minneapolis, MN 55407

    $366,000

    • 4 Beds
    • 2 Baths
    • 1,364 Sq Ft
    • 3612 Longfellow Ave
    • Minneapolis, MN

    Absolutely charming and meticulously maintained up/down duplex with 2 bedrooms/1 full bath UPPER and 2 bedrooms/1 full bath LOWER. Excellent opportunity for owner-occupant or as a full rental. New Roof in 2021. High-end updated windows throughout 2014. New Furnace 12/2023. Upper unit features beautifully refinished hardwood floors throughout, abundant natural light throughout including the

    Jeffrey Steinman Bridge Realty, LLC

    Section Image
  • 3345 31st Ave S, Minneapolis, MN 55406

    $375,000

    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 3345 31st Ave S
    • Minneapolis, MN

    Classic up/down duplex with all plumbing, gas systems, floors and kitchen cabinets updated. All bathrooms remodeled. Both units share laundry in the basement. First floor unit is 1 bed/1 bath. Second floor unit is 2 bed/1 bath.

    Melissa Clawson Call It Closed International Realty

    Section Image
  • 2634 Colfax Ave N, Minneapolis, MN 55411

    $250,000

    • 7 Beds
    • 2 Baths
    • 2,304 Sq Ft
    • 2634 Colfax Ave N
    • Minneapolis, MN

    Here's your cash flow opportunity with 3 bedrooms in each unit. Quiet street, close to school and busline.

    Kari Lundin Keller Williams Realty Integrity

    Section Image
  • 2827 Lyndale Ave N, Minneapolis, MN 55411

    $315,000

    • 3 Beds
    • 2 Baths
    • 2,491 Sq Ft
    • 2827 Lyndale Ave N
    • Minneapolis, MN

    Great Investment Opportunity in North Minneapolis!Duplex available due to relocation. The main floor unit features 1 bedroom, 1 bathroom, kitchen, living room and dining room.The second-floor unit offers 3 bedrooms and access to a finished attic, which could potentially be used as a third unit.Perfect for owner-occupants or investors looking for rental income.Don’t miss out on

    Paulo Mora RE/MAX Advantage Plus

    Section Image
  • 2504 Humboldt Ave N, Minneapolis, MN 55411

    $249,900

    • 5 Beds
    • 2 Baths
    • 1,514 Sq Ft
    • 2504 Humboldt Ave N
    • Minneapolis, MN

    Fantastic investment or owner-occupant opportunity in North Minneapolis! This up/down duplex features a spacious 3-bed, 1 bath unit and a 2-bed, 1 bath unit. Both move-in ready. Each unit offers generous living space, updated finishes, and separate entrances. Ideal for rental income or multi-generational living. Conveniently located near parks, schools. Don’t miss out on this versatile and

    Raul Sanchez Aguilar RES Realty

    Section Image
  • 3107 Dupont Ave N, Minneapolis, MN 55411

    $299,900

    • 5 Beds
    • 2 Baths
    • 1,982 Sq Ft
    • 3107 Dupont Ave N
    • Minneapolis, MN

    Great house hack opportunity. Main floor unit just went through a full renovation. New flooring, new paint, new appliances, new countertops and new vanity. 2 bed 1 bath with double sink vanity. 2 car garage is open and for buyers use. Upper unit has long term tenant on month to moth at $1775 pr month. Attic is insulated and ready to be added income. Shared laundry in the basement. Brand new

    Aaron Beauchaine Meta Realty

    Section Image
  • 2100 Dupont Ave N, Minneapolis, MN 55411

    $270,000

    • 6 Beds
    • 2 Baths
    • 3,654 Sq Ft
    • 2100 Dupont Ave N
    • Minneapolis, MN

    As Is sale, Investors special. Quick close possible. 6 bedrooms 2 full bathrooms, unfinished basement and walkup attic. Large lot, detached 2 car garage, New windows, forced air heat, weather metal wrap, Buyer accept responsibility for TISH repairs. taxes TBD, Measure buyer/agent to verify. Each unit has 3 bedrooms and full bath, foyer, kitchen, living/dining room with very large

    Sadaqah Jones National Realty Guild

    Section Image
  • 2138 N 6th St, Minneapolis, MN 55411

    $275,000

    • 4 Beds
    • 2 Baths
    • 2,380 Sq Ft
    • 2138 N 6th St
    • Minneapolis, MN

    Move in ready duplex! It has two bedrooms and two bathrooms in each unit. It’s located just minutes from downtown Minneapolis, close to many local restaurants, entertainment venues, schools, and more! You can easily commute by bus or highway 94. Don’t miss out on this opportunity!

    Chauncy Williams-Barefield Coldwell Banker Realty

    Section Image
  • 3230 James Ave N, Minneapolis, MN 55412

    $295,400

    • 6 Beds
    • 3 Baths
    • 2,943 Sq Ft
    • 3230 James Ave N
    • Minneapolis, MN

    Tudor style side duplex on in the Folwell Neighborhood.The original duplex each had 1 bedroom per side. The second floor was completed with 4 additional bedrooms, a 3/4 bath, and a huge landing bonus area perfect for a, TV/game room, or whatever you choose. Both sides have there own living room and formal dining rooms as well as an eat in kitchen. Each side has a single car tuck under garage.

    Jeffrey Evans Wits Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $302,500 Executive Title
Quit Claim Deed -- None Available
Warranty Deed $155,000 First American Title Co
Warranty Deed $136,000 First American Title Co
Contract Of Sale $136,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $600,000 Future Advance Clause Open End Mortgage
Previous Owner $116,250 New Conventional
Previous Owner $130,000 Seller Take Back
Previous Owner $100,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $302,500 +8.0% $106 / Sq Ft
01/08/2024 01/08/24 Pending -- -- --
01/04/2024 01/04/24 Price Changed $280,000 -3.4% $98 / Sq Ft
12/27/2023 12/27/23 Price Changed $290,000 0.0% $102 / Sq Ft
12/27/2023 12/27/23 For Sale $290,000 -1.7% $102 / Sq Ft
11/18/2023 11/18/23 Pending -- -- --
11/08/2023 11/08/23 Price Changed $295,000 -3.3% $103 / Sq Ft
10/25/2023 10/25/23 Price Changed $305,000 -3.2% $107 / Sq Ft
10/11/2023 10/11/23 For Sale $315,000 -- $110 / 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 $2,193 $272,000 $16,000 $256,000
2022 $2,131 $39,000 $2,300 $36,700
2021 $3,202 $205,000 $11,000 $194,000
2020 $3,271 $196,000 $8,400 $187,600
2019 $2,995 $185,000 $5,600 $179,400
2018 $2,539 $165,000 $5,600 $159,400
2017 $2,362 $126,000 $5,100 $120,900
2016 $2,562 $132,500 $5,100 $127,400
2015 $3,252 $110,500 $5,100 $105,400
2014 -- $105,000 $6,200 $98,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6445215

NorthstarMLS

APN: 09-029-24-44-0196