NOT LISTED FOR SALE

Estimated Value: $224,000 - $272,000

4 Beds
2 Baths
1,681 Sq Ft
$147/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $243,000 $145 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,720/month

16 Days on Market

About This Home

As of November 2022

Excellent cash flowing well maintained duplex, perfect for investors and or an owner occupier in the McKinley neighborhood. Huge kitchens and bedrooms, solid mechanicals, metal siding, large 2 car garage and shed, are just some of the many features of this home. Both units have been recently updated with new flooring, paint, along with added coin op laundry in the basement. Owner occupiers can live well below what it would cost to rent and investors can bring in up to an 11+ cap return. Book your showing today!

Last Listed By

Todd Ginsberg

RE/MAX Results Listed on: 09/13/2022

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,438

Year Built

  • Built in 1902

Lot Details

  • Lot Dimensions are 46x126
  • Few Trees

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,681 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Hot Water Heating System

Listing and Financial Details

  • Tenant pays for electricity, fuel
  • The owner pays for insurance, repairs, taxes, trash collection, water
  • Assessor Parcel Number 0902924110101

Community Details

Overview

  • 2 Units
  • A Y Davidsons 2Nd Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,438

Year Built

Built in 1902

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Year Built: 1902
  • Above Grade Finished Sq Ft: 1681
  • Water Sewer Expenses: 810
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 1681
  • Fireplace: No
  • Owner Pays: Insurance, Repairs, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Amenities: Tile Floors
  • Appliances: Dryer,Gas Water Heater,Range
  • Total Rooms: 5
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • ConstructionMaterialsDesc: Block
  • Neighborhood: McKinley

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 250

Utilities

  • Heating: Hot Water
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 46x126
  • Land Lease: No
  • Lot Features: Tree Coverage - Light
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding, Slate
  • Units Total: 2

Rental Info

  • Expenses: 2620.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 0902924110101
  • Tax Annual Amount: 2438
  • TaxWithAssessments: 2438.0000

Multi Family

  • TenantPays: Electricity, Fuel
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2022
Closed on
Oct 31, 2022
Sold by
Dkw Properties Llc
Bought by
Ngando Rashelle
Seller's Agent
Todd Ginsberg
RE/MAX Results
Buyer's Agent
Diamond Chand
RE/MAX Results
List Price
$235,000
Sold Price
$243,000
Premium/Discount to List
$8,000
3.4%
Total Days on Market
16
Current Estimated Value
$246,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,435
Avg. Annual Appreciation
0.55%
Original Mortgage
$222,522
Outstanding Balance
$216,450
Interest Rate
6.7%
Mortgage Type
FHA
Estimated Equity
$29,985

Purchase Details

Closed on
Apr 29, 2020
Sold by
Wright Damarlin and Wright Kenyari
Bought by
Dkw Properties Llc

Purchase Details

Closed on
May 23, 2019
Sold by
Dkw Properties Llc
Bought by
Wright Damarlin N and Wright Kenyari A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 12, 2018
Sold by
Swensrud Donald G and Oconnor Mary Galen
Bought by
Dkw Proeprties L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,300
Interest Rate
4.5%
Mortgage Type
Commercial

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 Buyer Sale Price Title Company
Ngando Rashelle $243,000 Land Title
Dkw Properties Llc -- None Available
Wright Damarlin N $500 Titlesmart Inc
Dkw Proeprties L L C $127,000 West Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ngando Rashelle $222,522
Previous Owner Wright Damarlin N $123,200
Previous Owner Dkw Proeprties L L C $114,300
Closed Ngando Rashelle $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $243,000 +8.0% $145 / Sq Ft
09/29/2022 09/29/22 Pending -- -- --
09/27/2022 09/27/22 Price Changed $225,000 -4.3% $134 / Sq Ft
09/13/2022 09/13/22 For Sale $235,000 -- $140 / 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 $4,090 $178,000 $17,000 $161,000
2022 $2,438 $155,000 $14,000 $141,000
2021 $2,345 $143,500 $12,000 $131,500
2020 $2,368 $143,500 $10,400 $133,100
2019 $2,070 $119,500 $6,900 $112,600
2018 $1,804 $99,500 $6,900 $92,600
2017 $1,668 $74,000 $6,300 $67,700
2016 $1,721 $74,000 $6,300 $67,700
2015 $1,308 $64,500 $6,300 $58,200
2014 -- $61,500 $6,300 $55,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6258782

NorthstarMLS

APN: 09-029-24-11-0101