NOT LISTED FOR SALE

2922 4th Ave W Hibbing, MN 55746

Hibbing Area
5 Beds
2 Baths
2,788 Sq Ft
1922 Built

Sale Details

Date Sold: May 8, 2023

Last sale price $110,000 $39 Per Sq Ft

71 Days on Market

About This Home

As of May 2023

Excellent investment opportunity. Large upper/lower duplex with a three car garage. Long term tenants with great rental history.

Last Agent to Sell the Property

Andrea Olsson

Andrea Olsson Properties License #20419303 Listed on: 01/26/2023

Last Buyer's Agent

Member Non

NON-MEMBER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,240

Year Built

  • Built in 1922

Parking

  • Garage

Home Design

  • Duplex
  • Stucco
  • Vinyl Construction Material

Interior Spaces

  • 2,788 Sq Ft Home
  • Basement Fills Entire Space Under The House

Lot Details

  • Lot Dimensions are 125 x 50

Utilities

  • Heating System Uses Gas
  • Gas Available

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $600
  • Utility Expense $6,200
  • Gross Income $26,652
  • Net Operating Income $16,612

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,240

Year Built

Built in 1922

Listing Details

  • Class: Multi Family
  • Lvt Date: 01/26/2023
  • Real Estate Tax: 2240
  • Type: Duplex
  • Year Built: 1922
  • Lot Size Length: 125
  • Lot Size Width: 50
  • Utilities Expenses: 6200
  • Insurance Expenses: 600
  • Net Income: 16612
  • Projected Income: 26652
  • Repairs Maint Expenses: 1000
  • Total Expense: 10040
  • Total Income: 26652
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 2788
  • Basement: Full

Exterior Features

  • Exterior: Stucco, Vinyl

Garage/Parking

  • Parking: Garage

Utilities

  • Utilities: City Sewer, City Water, Gas
  • Heating: Gas, Forced Air

Fee Information

  • Rent Income: 26652

Lot Info

  • Zoning: RES

Rental Info

  • Actual Income: 26652

Multi Family

  • Number Of Units: 2

Tax Info

  • Taxes: 2240

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
Jan 26, 2023
Closed on
May 8, 2023
Sold by
Bought by
Seller's Agent
Andrea Olsson
Andrea Olsson Properties
Buyer's Agent
Member Non
NON-MEMBER
List Price
$110,000
Sold Price
$110,000
Views
276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,325
Interest Rate
0.0628%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
0.028%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 29, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,000
Interest Rate
0.0392%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2012
Sold by
Bought by

Purchase Details

Closed on
Jul 31, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 6, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 15, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
0.0575%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$600,000 Title Smart
$875,000 None Listed On Document
$50,000 Sellman Title Company Llc
-- None Available
$70,000 None Available
$70,000 None Available
$80,000 --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $72,325
Previous Owner $56,000
Previous Owner $73,000
Closed $72,000
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
05/08/2023 05/08/23 Sold $110,000 0.0% $39 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
03/29/2023 03/29/23 For Sale $110,000 0.0% $39 / Sq Ft
03/20/2023 03/20/23 Pending -- -- --
01/26/2023 01/26/23 For Sale $110,000 -- $39 / Sq Ft
Source: Range Association of REALTORS®

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
2024 $3,964 $177,600 $12,700 $164,900
2023 $3,480 $160,200 $12,700 $147,500
2022 $2,240 $116,100 $10,400 $105,700
2021 $2,454 $100,900 $10,400 $90,500
2020 $2,450 $100,900 $10,400 $90,500
2019 $1,964 $100,900 $10,400 $90,500
2018 $1,960 $79,700 $13,200 $66,500
2017 $1,926 $79,700 $13,200 $66,500
2016 $1,578 $78,700 $13,200 $65,500
2015 $1,682 $78,700 $13,200 $65,500
2014 $1,682 $83,400 $14,000 $69,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 144607

Range Association of REALTORS®
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