NOT LISTED FOR SALE

Estimated Value: $319,665

6 Beds
3 Baths
1,994 Sq Ft
$160/Sq Ft Est. Value

Last Sold June 29, 2020

Last sale price $272,000 $136 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,078/month

Highlights

  • 2 Car Detached Garage
  • Coin Laundry
  • 1-Story Property
  • Hot Water Heating System
  • Wood Fence

About This Home

As of June 2020

Incredible opportunity to add a strong cash-flow, rent ready 3 unit property to your portfolio. Property is a duplex with an additional "mother-in-law suite". This building has a practical layout which has a history of attracting very long term tenants. The front door steps into the main unit which features 4 bedroom, large eat-in kitchen, and spacious/sunny living area. 2nd unit is a basement apartment that has two separate entrances, over-sized egress windows, and a spacious living area. 3rd unit is attached to rear of building and is currently tenant occupied. All mechanicals have been well maintained.

Last Listed By

Eric Eickhof

Jason Mitchell Group Listed on: 05/24/2020

Jason Mitchell Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,872

Year Built

  • Built in 1909

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 40x124
  • Wood Fence

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Stucco Exterior
  • Block And Beam Construction

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

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

Utilities

  • Hot Water Heating System
  • Boiler Heating System

Listing and Financial Details

  • Assessor Parcel Number 0402924410156

Community Details

Overview

  • 3 Units
  • Farnhams 3Rd Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,872

Year Built

Built in 1909

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Outside Features: Stucco
  • Garage Spaces: 2.00
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned
  • Fuel Type: Natural Gas
  • Numberof Ranges: One Per Unit
  • Year Built: 1909
  • Fractional Ownership Y N: No
  • Above Grade Finished Sq Ft: 1994.00
  • Above Grade Finished Area Search: 1994.00
  • Assessment Pending Y N: No
  • Below Grade Finished Sq Ft: 573.00
  • Carport Y N: No
  • Foundation Area Units: Square Feet
  • Internet Entire Listing Display: Yes
  • List A O R Key Numeric: 18673
  • Listing Organization: Regional MLS of Minnesota
  • Living Area Finished: 2567.00
  • Living Area Finished Units: Square Feet
  • Minneapolis Community Names: Camden
  • Parcel Numbers: 0402924410156
  • Property Sub Type Additional: Duplex Up and Down
  • Refrigerator Number: One Per Unit
  • Rental License: No
  • Repairs Expense: 1.00
  • Stories Type: One and One Half
  • Water Sewer Expenses: 1.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Basement: Concrete Block, Egress Windows, Finished (Livable), Full, Shared Access
  • Fireplace: No
  • Stories: 1
  • Below Grade Finished Sq Ft: 573.00

Beds/Baths

  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 6

Exterior Features

  • Roof: Asphalt Shingles
  • Fencing: Wood

Garage/Parking

  • Parking Features: Detached Garage

Utilities

  • Heating: Boiler, Hot Water
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers

Schools

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Lot Info

  • Zoning: Residential-Multi-Family
  • Construction: Previously Owned
  • Waterfront YN: No
  • Assessment Pending: No
  • Lot Size: 40x124
  • Homestead: No
  • LandLeaseAmountFrequency: No
  • Lot Size Acres: 0.1100
  • Lot Size Area Units: Square Feet

Building Info

  • Construction Materials: Timber/Post & Beam
  • Units Total: 3.00

Tax Info

  • TaxLegalDescription: LOT 014 BLOCK 004 FARNHAMS 3RD ADDN TO MPLS
  • Tax Amount: 2871.88
  • Tax Year: 2020
  • Tax With Assessments: 2871.88
  • Assessor Parcel Number: 0402924410156

Multi Family

  • Unit Count: 3
  • ElectricExpense: 1.00
  • Above Grade Finished Sq Ft: Square Feet
  • FuelExpense: 1.00

MLS Schools

  • School District Name: 1 - Minneapolis

Range of Values:

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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
Abdullah Ahmed Zakee $272,000 Trademark Title Services Inc
Berg Richard A $207,000 --
Rausch John P $179,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Abdullah Ahmed Zakee $267,073
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2020 06/29/20 Sold $272,000 +18.8% $136 / Sq Ft
05/28/2020 05/28/20 Pending -- -- --
05/27/2020 05/27/20 For Sale $229,000 -- $115 / 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 $3,672 $284,000 $18,000 $266,000
2022 $3,653 $262,000 $14,000 $248,000
2021 $3,186 $215,000 $8,000 $207,000
2020 $2,872 $195,000 $17,400 $177,600
2019 $2,677 $162,500 $11,600 $150,900
2018 $2,274 $147,500 $11,600 $135,900
2017 $2,324 $124,000 $10,500 $113,500
2016 $2,523 $130,500 $10,500 $120,000
2015 $2,466 $116,500 $10,500 $106,000
2014 -- $106,000 $10,500 $95,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: NST5571752

NorthstarMLS

APN: 04-029-24-41-0156