$510,000
SOLD JUN 26, 2025
5 Beds
3 Baths
2,800 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$182 Per Sq Ft

31 Days on Market

Highlights

  • Forced Air Heating System
  • Washburn High School Rated A-
  • Coin Laundry

About This Home

As of June 2025

Prime Investment Opportunity in Lyn-Lake – Renovated Duplex!
Located in the heart of Minneapolis’ vibrant Lyn-Lake neighborhood, this fully renovated duplex is a
must-see for investors or owner-occupants! The property features two beautifully updated units: a
spacious 3-bedroom and a comfortable 2-bedroom, each thoughtfully upgraded with modern kitchens boasting
new cabinets, granite countertops, and stainless-steel appliances.
Both units also feature updated bathrooms, along with newer furnaces and central A/C for year-round
comfort. The property offers exceptional convenience with a three-car garage and a large concrete
driveway, providing ample off-street parking.
Close to restaurants, shops, and public transit, this turn-key investment is ready to generate strong
rental income. Don’t miss this incredible opportunity—schedule your showing today!

Last Agent to Sell the Property

Mark Paulsen

LPT Realty, LLC Listed on: 05/16/2025

LPT Realty, LLC

Last Buyer's Agent

James Foreman

Jason Mitchell Group

Jason Mitchell Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,448

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 129x46

Parking

  • 3 Car Garage

Home Design

  • Duplex
  • Architectural Shingle Roof

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for trash collection
  • Assessor Parcel Number 0302824220053

Community Details

Overview

  • 2 Units
  • Motor Line Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,448

Year Built

Built in 1900

Lot Details

0

Parking

3

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 3
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry, Coin-op Laundry Owned
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2800
  • Unit Levels: More Than 2 Stories
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Living Area: 2800
  • Owner Pays: Trash Collection
  • Basement YN: Yes
  • Amenities: Countertops-Granite,Main Floor Primary Bedroom
  • Appliances: Dishwasher,Microwave,Range,Stainless Steel Appliances
  • Total Rooms: 6
  • Amenities: Countertops-Granite
  • Appliances: Dishwasher,Microwave,Range,Stainless Steel Appliances
  • Total Rooms: 9

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Architectural Shingle
  • Neighborhood: Lyndale

Garage/Parking

  • Parking Features: Detached, Concrete
  • Garage Square Feet: 480

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 129x46
  • Land Lease: No
  • Lot Features: Some Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 0302824220053
  • Tax Annual Amount: 5448
  • TaxWithAssessments: 5448.0000

Multi Family

  • TenantPays: All Utilities
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2025
Closed on
Jun 18, 2025
Sold by
Palladium Holdings Llc
Bought by
Lipton Elizabeth
Seller's Agent
Mark Paulsen
LPT Realty, LLC
Buyer's Agent
James Foreman
Jason Mitchell Group
List Price
$512,500
Sold Price
$510,000
Premium/Discount to List
-$2,500
-0.49%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.39%
Original Mortgage
$484,500
Outstanding Balance
$484,094
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$25,444

Purchase Details

Closed on
Sep 24, 2019
Sold by
Argon Holdings Llc
Bought by
Palladium Holdings Llc

Purchase Details

Closed on
Jan 24, 2019
Sold by
Palladium Holdings Llc
Bought by
Argon Holdings Llc

Purchase Details

Closed on
Jul 12, 2018
Sold by
Tcpi Llc
Bought by
Palladium Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 2018
Sold by
Moore Kimberly Anne
Bought by
Tcpi Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 30, 2017
Sold by
Miller William
Bought by
Miller William

Purchase Details

Closed on
Apr 29, 2001
Sold by
Strohm Audrey
Bought by
Moore Kimberly Anne
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 Type Sale Price Title Company
Warranty Deed $510,000 Titlesmart
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed $20,000 None Available
Interfamily Deed Transfer -- None Available
Warranty Deed $68,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $484,500 New Conventional
Previous Owner $270,000 Commercial
Previous Owner $200,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2025 06/26/25 Sold $510,000 -0.5% $182 / Sq Ft
06/16/2025 06/16/25 Pending -- -- --
05/16/2025 05/16/25 For Sale $512,500 -- $183 / 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 $4,885 $306,000 $146,000 $160,000
2022 $4,583 $278,000 $142,000 $136,000
2021 $4,238 $253,000 $115,000 $138,000
2020 $4,401 $241,000 $137,400 $103,600
2019 $19,356 $231,500 $91,600 $139,900
2018 $12,148 $191,500 $91,600 $99,900
2017 $3,620 $149,500 $83,300 $66,200
2016 $3,375 $130,000 $83,300 $46,700
2015 $6,556 $203,500 $83,300 $120,200
2014 -- $203,500 $35,100 $168,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6722717

NorthstarMLS

APN: 03-028-24-22-0053