2702 Aldrich Ave S Minneapolis, MN 55408
Lowry Hill East NeighborhoodEstimated Value: $472,000 - $584,000
6
Beds
2
Baths
3,064
Sq Ft
$178/Sq Ft
Est. Value
Highlights
- Guest Parking
- Partially Fenced Property
- 4-minute walk to Whittier Park
About This Home
As of December 2023Huge opportunity for investor or owner occupant. Beautifully updated side by side duplex located in prime rental area in the heart of the “Wedge” area of Minneapolis between Hennepin and Lyndale. Close to Uptown and Lakes with easy access to public transportation. Main floor features beautifully updated kitchens with quartz counters, subway tile backsplash and stainless appliances. Stunning original hardwood floors/millwork. 2nd floors have updated full baths and 2 bedrooms with additional space for office in primary bedroom. 3rd floor features bedroom with additional office/storage/closet space. All windows replaced with energy efficient dual pane replacements in 2019. Yard is fenced with storage shed and deck. Units rent for $2150/month. One unit currently vacant and other has tenant with one year lease. Parking spaces
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,438
Year Built
- Built in 1906
Lot Details
- Lot Dimensions are 67x85
- Partially Fenced Property
- Wood Fence
- Irregular Lot
- Few Trees
Parking
- Guest Parking
Home Design
- Duplex
- Pitched Roof
Interior Spaces
- 3,064 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 2 Bathrooms
Utilities
- Boiler Heating System
Community Details
- 2 Units
- Channell & Haywoods Add Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, fuel, grounds care
- The owner pays for insurance, repairs, taxes, trash collection, water
- Assessor Parcel Number 3302924410051
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 18, 2017
Sold by
Handvidt Roger A and Gero Daniel
Bought by
Gero Daniel
Total Days on Market
78
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
$380,000
Interest Rate
4.03%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gero Daniel | $400,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Menendez Sofia | $511,100 | |
| Closed | Gero Daniel | $4,000 | |
| Closed | Gero Daniel | $380,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2023 12/20/23 | Sold | $527,760 | +0.5% | $172 / Sq Ft |
| 12/07/2023 12/07/23 | Pending | -- | -- | -- |
| 09/20/2023 09/20/23 | For Sale | $524,999 | -- | $171 / 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 |
|---|---|---|---|---|
| 2023 | $8,324 | $515,000 | $179,000 | $336,000 |
| 2022 | $6,471 | $490,000 | $179,000 | $311,000 |
| 2021 | $6,247 | $467,000 | $142,000 | $325,000 |
| 2020 | $6,381 | $466,500 | $120,600 | $345,900 |
| 2019 | $7,431 | $440,000 | $80,400 | $359,600 |
| 2018 | $6,732 | $497,500 | $80,400 | $417,100 |
| 2017 | $7,782 | $389,500 | $73,100 | $316,400 |
| 2016 | $6,759 | $324,500 | $73,100 | $251,400 |
| 2015 | $6,210 | $282,000 | $73,100 | $208,900 |
| 2014 | -- | $252,000 | $56,200 | $195,800 |
Source: Public Records
Agents Affiliated with this Home
-
Greg Lawrence
Seller's Agent in 2023
Greg Lawrence
HomeAvenue Inc
(612) 716-9473
2 in this area
648 Total Sales
-
Scott Hoefler
Buyer's Agent in 2023
Scott Hoefler
Side by Side Realty LLC
(773) 318-2989
1 in this area
84 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6436285
APN: 33-029-24-41-0051
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