NOT LISTED FOR SALE

2707 Grand Ave S Minneapolis, MN 55408

Whittier Neighborhood

Estimated Value: $381,724 - $415,000

7 Beds
2 Baths
2,188 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $325,000 $149 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,034/month

About This Home

As of September 2022

Duplex property with great income generation. Newer siding on the exterior. Parking in the rear of the building. Newer high efficiency furnace. Bedroom #1 $700/month. Bedroom #2 $660/month. Bedroom #3 $640/month. Bedroom #4 $660/month. Bedroom #5 $700/month. Bedroom #6 $680/month. Bedroom #7 $640/month. Total Rent Per Month = $4,680/month. Total Yearly Rent = $56,160.

Last Agent to Sell the Property

Ryan Fischer

RE/MAX Results Listed on: 07/19/2022

RE/MAX Results

Last Buyer's Agent

Jenna Davis

Fish MLS Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,105

Year Built

  • Built in 1900

Lot Details

  • 5,227

Home Design

  • Duplex
  • Pitched Roof

Interior Spaces

  • 2,188 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 40x129
  • Forced Air Heating System

Community Details

  • 2 Units
  • Menages 3Rd Add Subdivision

Listing and Financial Details

  • The owner pays for cable TV, electricity, fuel, insurance, grounds care, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 3402924320165

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,105

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2188
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Living Area: 2188
  • Fireplace: No
  • Owner Pays: Cable TV, Electricity, Fuel, Insurance, Grounds Care, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Total Rooms: 5
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Roof: Asphalt, Pitched
  • Neighborhood: Whittier

Garage/Parking

  • Parking Features: Shared Driveway, Paved, Open
  • Garage Square Feet: 0

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 40x129
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3402924320165
  • Tax Annual Amount: 5105
  • TaxWithAssessments: 5105.0000

Multi Family

  • TenantPays: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2022
Closed on
Oct 4, 2022
Sold by
Zanzibar Financing Inc
Bought by
Mohamud Safia
Seller's Agent
Ryan Fischer
RE/MAX Results
Buyer's Agent
Jenna Davis
Fish MLS Realty
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%
Current Estimated Value
$388,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,582
Avg. Annual Appreciation
7.59%
Original Mortgage
$243,750
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 19, 2022
Closed on
Sep 23, 2022
Sold by
Plotsker Ronald and Plotsker Janet
Bought by
Zanzibar Financing Inc
Seller's Agent
Ryan Fischer
RE/MAX Results
Buyer's Agent
Jenna Davis
Fish MLS Realty
List Price
$335,000
Sold Price
$325,000
Premium/Discount to List
-$10,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,750
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2015
Sold by
Tikkun Investments Inc
Bought by
Plotsker Ronald and Plotsker Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 3, 2015
Sold by
Plotsker Ronald and Plotsker Janet
Bought by
Plotsker Ronald and Plotsker Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$870,000
Interest Rate
3.88%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 24, 1997
Sold by
Bankers Trust Co
Bought by
Walker Rhonda

Purchase Details

Closed on
Apr 24, 1997
Sold by
Walker Rhonda A
Bought by
Plotsker Ron and Plotsker Janet
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mohamud Safia $341,250 --
Zanzibar Financing Inc $162,500 Results Title
Zanzibar Financing Inc $162,500 --
Plotsker Ronald -- Old Republic Natl Title Ins
Plotsker Ronald -- None Available
Walker Rhonda $34,500 --
Plotsker Ron $68,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Zanzibar Financing Inc $243,750
Previous Owner Plotsker Ronald $870,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2022 09/29/22 Sold $325,000 -3.0% $149 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $335,000 -- $153 / 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 $10,872 $297,000 $137,000 $160,000
2022 $5,105 $297,000 $137,000 $160,000
2021 $4,157 $286,000 $134,000 $152,000
2020 $4,405 $238,500 $84,200 $154,300
2019 $4,325 $234,000 $56,100 $177,900
2018 $3,925 $223,000 $56,100 $166,900
2017 $3,692 $197,000 $51,000 $146,000
2016 $3,341 $173,000 $51,000 $122,000
2015 $3,117 $154,000 $51,000 $103,000
2014 -- $145,000 $51,000 $94,000
Source: Public Records

Agents Affiliated with this Home

  • Ryan Fischer

    Seller's Agent in 2022

    Ryan Fischer

    RE/MAX Results

    (612) 888-6127

    1 in this area

    482 Total Sales

    Section Image
  • Jenna Davis

    Buyer's Agent in 2022

    Jenna Davis

    Fish MLS Realty

    (952) 686-1014

    1 in this area

    25 Total Sales

    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6237092

NorthstarMLS

APN: 34-029-24-32-0165

Minnesota Hennepin County Minneapolis 55408 Whittier

2707 Grand Ave S, Minneapolis, MN

This home is located at 2707 Grand Ave S, Minneapolis, MN 55408 since 19 July 2022 and is currently estimated at $396,931, approximately $181 per square foot. This property was built in 1900. 2707 Grand Ave S is a home located in Hennepin County with nearby schools including Whittier International, Andersen United Middle School, and South Senior High School.

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