$146,070
SOLD NOV 22, 2024
2 Beds
2 Baths
1,377 Sq Ft
1905 Built

Recently Sold

$106 Per Sq Ft

2% Below List Price

19 Days on Market

About This Home

As of November 2024

Investment Opportunity Priced to Sell! This vacant Minneapolis duplex, located close to major
thoroughfares for easy access to the Twin Cities and suburbs, is a rare find for both seasoned and new
investors --this property offers significant value-add potential.

The main-level unit is move-in ready, with room for cosmetic improvements to increase rental income. The
upper unit offers a prime opportunity for updates to build sweat equity and maximize cash flow.

Key updates include: New Roof, Siding, Soffit & Fascia, New 3-Car Garage with Loft for added storage or
potential rental income, New Back Deck & Stairs, New Gutters with Gutter-Guards and Downspouts, Separate Electrical Meters for easy utility management, Each unit features front and back entrances, providing convenience for tenants, and Newer Lennox furnace. Major updates are already complete, leaving room to further enhance the property's value.

This duplex is an ideal opportunity for investors looking to expand their portfolio or secure their next
investment. Accepting conventional, cash, and special financing.

Don't miss this opportunity—schedule your showing today!

Last Agent to Sell the Property

Paige Severson

Keller Williams Realty Integrity Lakes Listed on: 10/21/2024

Keller Williams Realty Integrity Lakes

Last Buyer's Agent

Erik Holm

Bridge Realty, LLC

Bridge Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,344

Year Built

  • Built in 1905

Parking

  • 3 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,377 Sq Ft Home
  • 1.5-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Additional Features

  • Lot Dimensions are 157x40
  • Forced Air Heating System

Community Details

  • 2 Units
  • Farnhams Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0302924320065

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,344

Year Built

Built in 1905

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
  • Year Built: 1905
  • Above Grade Finished Sq Ft: 1377
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 1377
  • Basement YN: Yes
  • Total Rooms: 5
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Neighborhood: Webber - Camden

Garage/Parking

  • Garage Square Feet: 1108

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: 157x40
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Metal Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 0302924320065
  • Tax Annual Amount: 3344
  • TaxWithAssessments: 3343.6400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Nov 22, 2024
Sold by
That Property Place Llc A Minnesota Lim
Bought by
Thompson Steven
Seller's Agent
Paige Severson
Keller Williams Realty Integrity Lakes
Buyer's Agent
Erik Holm
Bridge Realty, LLC
List Price
$149,000
Sold Price
$146,070
Premium/Discount to List
-$2,930
-1.97%
Views
60
Current Estimated Value
$159,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,354
Avg. Annual Appreciation
26.74%

Purchase Details

Closed on
Aug 15, 2019
Sold by
Hammer Nancy A
Bought by
Hammer Nancy A and Labelle Craig L
Source: Public Records

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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 Type Sale Price Title Company
Deed $146,070 --
Deed -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2024 11/22/24 Sold $146,070 0.0% $106 / Sq Ft
11/12/2024 11/12/24 Pending -- -- --
11/06/2024 11/06/24 Off Market $146,070 -- --
10/24/2024 10/24/24 For Sale $149,000 -- $108 / 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 $3,344 $209,000 $22,000 $187,000
2022 $2,922 $196,000 $17,000 $179,000
2021 $2,352 $172,000 $12,000 $160,000
2020 $1,403 $144,000 $24,900 $119,100
2019 $1,274 $120,000 $16,600 $103,400
2018 $990 $109,000 $16,600 $92,400
2017 $913 $85,000 $15,100 $69,900
2016 $945 $85,000 $15,100 $69,900
2015 $810 $74,000 $15,100 $58,900
2014 -- $58,000 $15,100 $42,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6620926

NorthstarMLS

APN: 03-029-24-32-0065