NOT LISTED FOR SALE

3220 Chicago Ave Minneapolis, MN 55407

Central Neighborhood

Estimated Value: $410,099 - $483,000

9 Beds
5 Baths
5,230 Sq Ft
$86/Sq Ft Est. Value

Sale Details

Date Sold: July 31, 2014

Last sale price $262,500 $50 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,041 / mo

43 Days on Market

Highlights

  • Property is near public transit
  • Vaulted Ceiling
  • Skylights
  • Washburn High School Rated A-
  • Wood Flooring
  • Woodwork

About This Home

As of July 2014

Incredible opportunity to own large duplex in the heart of the Central and Powderhorn neighborhoods,2 blocks to Midtown Global Market,1 block to Powderhorn Park. Lower unit has finished basement. Upper unit has finished attic. Renovated throughout.

Last Agent to Sell the Property

Thomas Stutsman

Stutsman Realty, Inc Listed on: 06/06/2014

Last Buyer's Agent

Darrell Whiteis

Edina Realty, Inc.

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,445

Year Built

  • Built in 1906

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 44x123

Parking

  • Driveway

Home Design

  • Duplex
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 5,230 Sq Ft Home
  • Woodwork
  • Vaulted Ceiling
  • Skylights
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher

Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Window Egress

Location

  • Property is near public transit

Community Details

  • 2 Units
  • Community Deck or Porch

Listing and Financial Details

  • Tenant pays for cable TV, electric, fuel
  • The owner pays for janitorial, lawn, maint/repair, snow, trash, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,445

Year Built

Built in 1906

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Assessments: Unknown
  • Construction: Previously Owned
  • Street Designation: Avenue
  • Estimated Number of Acres: 0.13
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range/Stove, Refrigerator
  • Basement Features: Egress Windows, Finished
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 4006
  • Total Fin Square Footage: 5230
  • Below Grade Finished Sq Ft: 1224

Exterior Features

  • Frontage Road: City
  • Exterior: Stucco
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Asphalt

Condo/Co-op/Association

  • Shared: Porch

Lot Info

  • Lot/Land Description: Pub. Trans (w/in 6 blks)
  • Estimated Lot Dimensions: 44x123

Rental Info

  • Owner Expense: Janitorial, Lawn, Maint/Repair, Snow, Trash, Water/Sewer
  • Tenant Expense: Cable TV, Electric, Fuel

Building Info

  • Year Built: 1906

Multi Family

  • Total Units Available: 2
  • Est Annual Gross Expense: 6331

Tax Info

  • Year: 2014
  • Tax Value: 2445

MLS Schools

  • School District: Minneapolis #1

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

Closed on
Jul 7, 2016
Sold by
Olson Lars
Bought by
Current Estimated Value
$451,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,750
Outstanding Balance
$168,776
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$282,499

Purchase Details

Listed on
Jun 6, 2014
Closed on
Jul 31, 2014
Sold by
Sharma Amrit
Bought by
Olson Lars
Seller's Agent
Thomas Stutsman
Stutsman Realty, Inc
Buyer's Agent
Darrell Whiteis
Edina Realty, Inc.
List Price
$299,900
Sold Price
$262,500
Premium/Discount to List
-$37,400
-12.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.58%

Purchase Details

Closed on
Jun 11, 2010
Sold by
Vazquez Raul Garcia
Bought by
Sharma Amrit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
4.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 8, 2009
Sold by
Cardenas Edgar
Bought by
Vazquez Raul Garcia

Purchase Details

Closed on
Sep 22, 2009
Sold by
Cardenas Edgar
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Nov 12, 2004
Sold by
Patino Carlos
Bought by
Cardenas Edgar and Zhicay Celinda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,500
Interest Rate
5.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2000
Sold by
Powderhorn Residents Group Inc
Bought by
Patino Carlos and Patino Laura

Purchase Details

Closed on
Dec 24, 1996
Sold by
Schafer Michael D
Bought by
Powderhorn Residents Group Inc
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Central, MN

  • Brian Fiskum Real Estate Agent - Home Buyers Realty Corp.

    Brian Fiskum

    Home Buyers Realty Corp.

    (877) 641-1305

    71 Total Sales

    1 in Central

    $185,000 Price

    Brian Fiskum
     Section Image
  • Graham Smith Real Estate Agent - Keller Williams Realty Integrity Lakes

    Graham Smith

    Keller Williams Realty Integrity Lakes

    (763) 342-5386

    336 Total Sales

    2 in Central

    $280K - $400K Price Range

    Graham Smith
     Section Image
  • Christy Joyer Real Estate Agent - Keller Williams Premier Realty

    Christy Joyer

    Keller Williams Premier Realty

    (612) 448-3533

    148 Total Sales

    1 in Central

    $395,000 Price

    Christy Joyer
     Section Image
  • Jolene Tabery Real Estate Agent - Keller Williams Classic Realty

    Jolene Tabery

    Keller Williams Classic Realty

    (612) 446-0932

    69 Total Sales

    1 in Central

    $292,000 Price

    Jolene Tabery
     Section Image
  • Mustaf Sahal Real Estate Agent - Fahan Realty

    Mustaf Sahal

    Fahan Realty

    (952) 260-3420

    59 Total Sales

    1 in Central

    $419,900 Price

    Mustaf Sahal
     Section Image
  • Han Zhong Real Estate Agent - Keller Williams Classic Realty

    Han Zhong

    Keller Williams Classic Realty

    (763) 324-9479

    155 Total Sales

    1 in Central

    $421,900 Price

    Han Zhong
     Section Image
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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
$289,000 All American Title Company
Olson Lars $262,500 Burnet Title
Sharma Amrit $180,000 --
Vazquez Raul Garcia $60,000 --
Deutsche Bank National Trust Company $51,000 --
Cardenas Edgar $310,000 --
Patino Carlos $100,000 --
Powderhorn Residents Group Inc $71,000 --
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 $216,750
Previous Owner Sharma Amrit $5,000
Previous Owner Cardenas Edgar $294,500
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
07/31/2014 07/31/14 Sold $262,500 -12.5% $50 / Sq Ft
07/19/2014 07/19/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $299,900 -- $57 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

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
2025 $6,751 $356,900 $56,000 $300,900
2024 $7,798 $429,000 $56,000 $373,000
2023 $6,928 $434,000 $53,000 $381,000
2022 $6,438 $409,000 $53,000 $356,000
2021 $6,280 $379,000 $24,000 $355,000
2020 $6,013 $384,000 $61,200 $322,800
2019 $5,285 $340,000 $40,800 $299,200
2018 $4,641 $291,000 $20,400 $270,600
2017 $4,497 $240,000 $18,500 $221,500
2016 $4,191 $217,000 $18,500 $198,500
2015 $2,715 $181,000 $18,500 $162,500
2014 -- $157,500 $18,500 $139,000
Source: Public Records

Agents Affiliated with this Home

  • TS

    Seller's Agent in 2014

    Thomas Stutsman

    Stutsman Realty, Inc

  • DW

    Buyer's Agent in 2014

    Darrell Whiteis

    Edina Realty, Inc.

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4629821

REALTOR® Association of Southern Minnesota

APN: 02-028-24-23-0028

Minnesota Hennepin County Minneapolis 55407 Central

3220 Chicago Ave, Minneapolis, MN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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