2946 Park Ave Minneapolis, MN 55407
Phillips West Neighborhood
10
Beds
3
Baths
3,554
Sq Ft
4,792
Sq Ft Lot
About This Home
As of January 2023Amazing investment opportunity on this triplex! 2 four bedroom units and 1 two bedroom unit. Unit 1 and 3 have been intentionally left vacant. New flooring and paint in the vacant units. Move in ready! Detached 2 car garage.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,759
Year Built
- Built in 1900
Parking
- 2 Car Garage
Home Design
- Triplex
Interior Spaces
- 3,554 Sq Ft Home
- 2-Story Property
- Unfinished Basement
Bedrooms and Bathrooms
- 10 Bedrooms
- 3 Bathrooms
Additional Features
- Lot Dimensions are 41 x 117.9
- Forced Air Heating System
Community Details
- 3 Units
- Wood & Smith Sub 1 Emersons Add Subdivision
Listing and Financial Details
- Tenant pays for electricity, gas
- The owner pays for grounds care, snow removal, trash collection, water
- Assessor Parcel Number 3502924330150
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 15, 2022
Closed on
Jan 23, 2023
Sold by
Delmon Investments Llc
Bought by
Cele Pablo Loja
Seller's Agent
Nicole Stone
RE/MAX Results
Buyer's Agent
Ivonne Delgado Kuri
National Realty Guild
List Price
$425,000
Sold Price
$432,250
Premium/Discount to List
$7,250
1.71%
Views
45
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,774
Avg. Annual Appreciation
2.46%
Original Mortgage
$324,187
Outstanding Balance
$199,858
Interest Rate
5.52%
Mortgage Type
New Conventional
Estimated Equity
$259,711
Purchase Details
Listed on
Dec 15, 2022
Closed on
Jan 18, 2023
Sold by
Ccf2 Mn Llc
Bought by
Delman Investments Llc
Seller's Agent
Nicole Stone
RE/MAX Results
Buyer's Agent
Ivonne Delgado Kuri
National Realty Guild
List Price
$425,000
Sold Price
$432,250
Premium/Discount to List
$7,250
1.71%
Views
45
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,187
Outstanding Balance
$199,858
Interest Rate
5.52%
Mortgage Type
New Conventional
Estimated Equity
$259,711
Purchase Details
Closed on
Dec 6, 2019
Sold by
Ccf2 Llc
Bought by
Ccf2 Mn Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,750,000
Interest Rate
3.6%
Mortgage Type
Commercial
Purchase Details
Closed on
Sep 3, 2015
Sold by
Residential Home Group Llc
Bought by
Ccf2 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 28, 2014
Sold by
Isl Properties Llc
Bought by
Residential Home Group Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
4.45%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Dec 20, 2012
Closed on
Apr 29, 2013
Sold by
Ibrahim Duri H and Basam Aziza O
Bought by
Isl Properties Llc
Seller's Agent
Kamal Ibrahim
Greater Midwest Realty
Buyer's Agent
Kevinn Tam
Edina Realty, Inc.
List Price
$195,900
Sold Price
$149,900
Premium/Discount to List
-$46,000
-23.48%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.57%
Original Mortgage
$112,500
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 28, 2006
Sold by
Hunt Vincent and Hunt Kathryn
Bought by
Ibrahim Duri H and Basam Aziza O
Purchase Details
Closed on
Dec 30, 2002
Sold by
Olson Kent S and Olson Rhonda A
Bought by
Hunt Vincent and Hunt Kathryn
Purchase Details
Closed on
Sep 21, 2001
Sold by
Swervo Development Corp
Bought by
Olson Kent S and Olson Rhonda R
Purchase Details
Closed on
Mar 22, 2001
Sold by
Romero Manuel J and Dutan Elsa M
Bought by
Swervo Development Corp
Purchase Details
Closed on
Jun 13, 2000
Sold by
Hultquist Walter J and Hultquist Vesta J
Bought by
Romero Manuel J and Dutan Elsa M
Similar Homes in Minneapolis, MN
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Contract Of Sale | $432,250 | -- | |
| Warranty Deed | $432,250 | All American Title | |
| Interfamily Deed Transfer | -- | All American Commercial Ttl | |
| Rerecorded Deed | -- | All American Commercial Ttl | |
| Warranty Deed | $447,000 | All American Title Company | |
| Warranty Deed | $500,000 | Liberty Title Inc | |
| Warranty Deed | -- | Liberty Title Inc | |
| Warranty Deed | $144,617 | Liberty Title Inc | |
| Warranty Deed | $347,000 | -- | |
| Warranty Deed | $320,000 | -- | |
| Warranty Deed | $272,000 | -- | |
| Warranty Deed | $18,000 | -- | |
| Warranty Deed | $90,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $324,187 | New Conventional | |
| Previous Owner | $6,750,000 | Commercial | |
| Previous Owner | $360,000 | Purchase Money Mortgage | |
| Previous Owner | $425,000 | Purchase Money Mortgage | |
| Previous Owner | $40,000 | Unknown | |
| Previous Owner | $112,500 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/23/2023 01/23/23 | Sold | $432,250 | 0.0% | $122 / Sq Ft |
| 12/30/2022 12/30/22 | Pending | -- | -- | -- |
| 12/27/2022 12/27/22 | Off Market | $432,250 | -- | -- |
| 12/15/2022 12/15/22 | For Sale | $425,000 | +183.5% | $120 / Sq Ft |
| 04/29/2013 04/29/13 | Sold | $149,900 | -23.5% | $42 / Sq Ft |
| 04/08/2013 04/08/13 | Pending | -- | -- | -- |
| 12/20/2012 12/20/12 | For Sale | $195,900 | -- | $55 / 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 | $5,950 | $372,000 | $33,000 | $339,000 |
| 2022 | $5,759 | $372,000 | $24,000 | $348,000 |
| 2021 | $5,268 | $339,000 | $17,000 | $322,000 |
| 2020 | $5,533 | $322,500 | $18,900 | $303,600 |
| 2019 | $5,163 | $313,000 | $12,600 | $300,400 |
| 2018 | $4,346 | $284,500 | $12,600 | $271,900 |
| 2017 | $4,227 | $225,500 | $11,500 | $214,000 |
| 2016 | $4,042 | $209,000 | $11,500 | $197,500 |
| 2015 | $3,683 | $181,500 | $11,500 | $170,000 |
| 2014 | -- | $169,000 | $11,500 | $157,500 |
Source: Public Records
Agents Affiliated with this Home
-
Nicole Stone
Seller's Agent in 2023
Nicole Stone
RE/MAX Results
(651) 274-0025
1 in this area
268 Total Sales
-
Ivonne Delgado Kuri
Buyer's Agent in 2023
Ivonne Delgado Kuri
National Realty Guild
(612) 578-9762
1 in this area
221 Total Sales
-
K
Seller's Agent in 2013
Kamal Ibrahim
Greater Midwest Realty
-
K
Buyer's Agent in 2013
Kevinn Tam
Edina Realty, Inc.
Map
Source: NorthstarMLS
MLS Number: 6317225
APN: 35-029-24-33-0150
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