Michael Gacek
Edina Realty, Inc.
(855) 784-4214
29 Total Sales
1 in Sheridan
$320,000 Price
344 16th Ave NE Minneapolis, MN 55413
Sheridan NeighborhoodEstimated Value: $358,803
7
Beds
3
Baths
1,729
Sq Ft
$208/Sq Ft
Est. Value
Highlights
- Forced Air Heating System
- Coin Laundry
- Wood Siding
About This Home
As of October 2025Own this completely stabilized NE MPLS Triplex with amazing cash flow in Minneapolis the heart of the NE Minneapolis Arts District! Great owner occupancy/investment opportunity! Classic turn of the century home is walkable to breweries, restaurants theater, parks and trails.
Upper unit rents as single room occupancy with shared common areas, Month to Month leases with long term clients .High cash flow with low vacancy! **Monthly rent per unit: 2BR-$950/mo., 1BR-$850/mo., 4BR-$2340/mo.**
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,911
Year Built
- Built in 1900
Lot Details
- Lot Dimensions are 25x118
Parking
- 1 Car Garage
Home Design
- Triplex
- Wood Siding
Interior Spaces
- 1,729 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 7 Bedrooms
- 3 Bathrooms
Basement
- Partial Basement
- Crawl Space
Utilities
- Forced Air Heating System
- Space Heater
Listing and Financial Details
- Assessor Parcel Number 1402924210015
Community Details
Overview
- 3 Units
- Callaghans Sub Of Lts Bottineaus 2Nd Subdivision
Amenities
- Coin Laundry
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
Sep 2, 2025
Closed on
Oct 31, 2025
Sold by
Bsm Trust and Guardian Dst Services Wy Llc
Bought by
Seller's Agent
Kathryn Hammerseng
Edina Realty, Inc.
Buyer's Agent
Jeremy Hollingsworth
Twin City Real Estate Services
List Price
$345,000
Sold Price
$345,000
Views
57
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
$13,803
Avg. Annual Appreciation
4.51%
Original Mortgage
$258,750
Outstanding Balance
$253,783
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$105,020
Purchase Details
Listed on
Sep 2, 2025
Closed on
Oct 30, 2025
Sold by
Adams James and Adams Elizabeth
Bought by
Bsm Trust and Guardian Dst Services Wy Llc
Seller's Agent
Kathryn Hammerseng
Edina Realty, Inc.
Buyer's Agent
Jeremy Hollingsworth
Twin City Real Estate Services
List Price
$345,000
Sold Price
$345,000
Views
57
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$258,750
Outstanding Balance
$253,783
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$105,020
Purchase Details
Closed on
Jan 14, 2000
Sold by
Weller Howard B
Bought by
Bestland Allen J and Bestland Marsha R
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Sheridan, MN
-
Michael Gacek
-
Ryan Platzke
Ryan Platzke
Coldwell Banker Realty - Southwest Regional
(651) 615-9289
861 Total Sales
1 in Sheridan
$500,000 Price
-
Mary Jo Quay
Mary Jo Quay
Epique Realty
(612) 594-7887
38 Total Sales
1 in Sheridan
$590,000 Price
-
Joe Kasel
Joe Kasel
RE/MAX Results
(612) 453-0221
61 Total Sales
1 in Sheridan
$360,000 Price
-
Lynn Chheang
Lynn Chheang
Engel & Volkers Minneapolis
(763) 710-3124
168 Total Sales
1 in Sheridan
$330,000 Price
-
Kristie Bernard
Kristie Bernard
Keller Williams Integrity NW
(612) 448-3550
157 Total Sales
1 in Sheridan
$275,000 Price
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 |
|---|---|---|---|
| $345,000 | West Title | ||
| Bsm Trust | $500 | West Title | |
| Bestland Allen J | $46,000 | -- |
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 | $258,750 | ||
| Previous Owner | Adams James D | $449,900 |
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 |
|---|---|---|---|---|
| 10/31/2025 10/31/25 | Sold | $345,000 | 0.0% | $200 / Sq Ft |
| 09/28/2025 09/28/25 | Pending | -- | -- | -- |
| 09/02/2025 09/02/25 | For Sale | $345,000 | -- | $200 / Sq Ft |
Source: NorthstarMLS
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 | $5,918 | $311,600 | $100,000 | $211,600 |
| 2024 | $5,599 | $307,000 | $100,000 | $207,000 |
| 2023 | $4,911 | $307,000 | $89,000 | $218,000 |
| 2022 | $4,892 | $323,000 | $83,000 | $240,000 |
| 2021 | $4,624 | $288,000 | $45,000 | $243,000 |
| 2020 | $4,587 | $283,000 | $12,800 | $270,200 |
| 2019 | $4,283 | $259,500 | $8,500 | $251,000 |
| 2018 | $3,814 | $236,000 | $8,500 | $227,500 |
| 2017 | $3,252 | $173,500 | $7,700 | $165,800 |
| 2016 | $2,978 | $154,000 | $7,700 | $146,300 |
| 2015 | $2,719 | $134,000 | $7,700 | $126,300 |
| 2014 | -- | $122,000 | $7,700 | $114,300 |
Source: Public Records
Agents Affiliated with this Home
-
Kathryn Hammerseng
Seller's Agent in 2025
Kathryn Hammerseng
Edina Realty, Inc.
(612) 718-1586
1 in this area
246 Total Sales
-
Jeremy Hollingsworth
JH
Buyer's Agent in 2025
Jeremy Hollingsworth
Twin City Real Estate Services
(952) 210-4881
1 in this area
12 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6781332
APN: 14-029-24-21-0015
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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