NOT LISTED FOR SALE

2811 11th Ave S Minneapolis, MN 55407

Phillips Neighborhood

Estimated Value: $542,106 - $667,000

7 Beds
4 Baths
4,727 Sq Ft
$128/Sq Ft Est. Value

Last Sold August 04, 2023

Last sale price $499,900 $106 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,811/month

18 Days on Market

Highlights

  • Porch
  • Coin Laundry
  • 3-minute walk to Stewart Park
  • Forced Air Heating System

About This Home

As of August 2023

Welcome to this fantastic 4-plex in Minneapolis! Suited for a traditional or owner-occupied investor, this property presents an excellent opportunity for those seeking to invest. Situated in close proximity to Abbot-Northwestern, Midtown Global Market, Hiawatha Avenue, Biking Greenway across the street, and the light rail, convenience and accessibility are at your doorstep.

Last Agent to Sell the Property

Sammi Cook-Kuehn

Bright Idea Properties, LLC. Listed on: 06/09/2023

Last Buyer's Agent

Kassim Lakis

Northstar Real Estate Associates

Northstar Real Estate Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,414

Year Built

  • Built in 1908

Lot Details

  • Lot Dimensions are 66x128
  • Cleared Lot

Home Design

  • Quadruplex

Interior Spaces

  • 4,727 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Unfinished Basement

  • Sump Pump
  • Basement Storage

Outdoor Features

  • Porch

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, percent rent
  • The owner pays for electricity, insurance, janitorial service, grounds care, repairs, taxes, trash collection, water
  • Assessor Parcel Number 3502924340069

Community Details

Overview

  • 4 Units
  • Averys Chicago Ave Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,414

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Coin-op Laundry Owned, Concrete Floors & Walls, Deck, Porch, Security, Security Lighting
  • Year Built: 1908
  • Above Grade Finished Sq Ft: 4727
  • Water Sewer Expenses: 3800
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable,DSL
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Concrete, Storage/Locker, Sump Pump, Unfinished
  • Living Area: 4727
  • Owner Pays: Electricity, Insurance, Janitorial Service, Grounds Care, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Total Rooms: 5
  • Total Rooms: 5
  • Amenities: Cable,Custom Cabinetry,City View,Deck,Kitchen Center Island,Security System,Security Lights
  • Appliances: Gas Water Heater,Microwave,Range
  • Total Rooms: 9
  • Amenities: Ceiling Fan(s),Deck,Main Floor Primary Bedroom,Security System,Security Lights
  • Appliances: Gas Water Heater,Range
  • Total Rooms: 5
  • FamilyRoomRoomFeatures: Family Room
  • FamilyRoomRoomFeatures: Family Room

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Fencing: None
  • ConstructionMaterialsDesc: Timber/Post & Beam,Concrete
  • Neighborhood: Midtown Phillips
  • PatioPorchType: Deck,Porch

Garage/Parking

  • Parking Features: Concrete
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1
  • Other Parking Spaces: 0

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

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

Lot Info

  • Topography: Level
  • Lot Size: 66x128
  • Land Lease: No
  • Lot Features: Cleared, Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Vinyl Siding, Wood Siding
  • Units Total: 4

Rental Info

  • Expenses: 21589.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 3502924340069
  • Tax Annual Amount: 4414
  • TaxWithAssessments: 4829.1200

Multi Family

  • TenantPays: Cable TV, Electricity, Gas, Other, Percent Rent
  • ElectricExpense: 480
  • FuelExpense: 780
  • Number Of Refrigerators: One Per Unit

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2023 08/04/23 Sold $499,900 +11.1% $106 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $449,900 -- $95 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Sammi Cook-Kuehn

    Seller's Agent in 2023

    Sammi Cook-Kuehn

    Bright Idea Properties, LLC.

    (651) 208-3468

    1 in this area

    18 Total Sales

    Sammi Cook-Kuehn
    Section Image
  • Kassim Lakis

    Buyer's Agent in 2023

    Kassim Lakis

    Northstar Real Estate Associates

    (612) 220-0431

    1 in this area

    42 Total Sales

    Kassim Lakis
    Section Image
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Map

Source: NorthstarMLS

MLS Number: 6383988

NorthstarMLS

APN: 35-029-24-34-0069

Minnesota Hennepin County Minneapolis 55407 Phillips

2811 11th Ave S, Minneapolis, MN

This home is located at 2811 11th Ave S, Minneapolis, MN 55407 since 09 June 2023 and is currently estimated at $604,553, approximately $127 per square foot. This property was built in 1908. 2811 11th Ave S is a home located in Hennepin County with nearby schools including Andersen United Middle School, Andersen Middle, and South Senior High School.

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