NOT LISTED FOR SALE

Estimated Value: $412,860 - $447,000

4 Beds
2 Baths
2,214 Sq Ft
$196/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $425,000 $192 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,745/month

24 Days on Market

Highlights

  • Corner Lot
  • Forced Air Heating System
  • Wood Fence
  • Patio
  • Coin Laundry
  • 4-minute walk to Sibley Park

About This Home

As of August 2022

Don't miss this turnkey opportunity to own a classic, well maintained up/down duplex in Standish Neighborhood, South Mpls. This is a perfect owner occupied OR investment opportunity. Each unit has two bedrooms and one bathroom. The upstairs unit has a kitchen with higher end SS appliances and opens to the dining room. Both units are very sunny and the building itself sits high on a corner lot. Coin op washer and dryer in the basement adds an additional revenue stream. Newer furnaces for both units. It's a very friendly, walkable location, and convenient to transportation and amenities. Sibley Park and Community Center is just steps away. Multiple restaurants and cafes are within walking distance. Everett's Grocery and Meats is three blocks down and the 38th Street Light Rail Station is less than a mile away. Lake Nokomis, beaches and trails, and Hiawatha Golf Course are about a mile away. This duplex is truly worth a look. You won't be disappointed.

Last Agent to Sell the Property

Timothy Ontko

Keller Williams Realty Integrity Lakes Listed on: 07/11/2022

Keller Williams Realty Integrity Lakes

Last Buyer's Agent

Jim Camarata

Keller Williams Premier Realty Lake Minnetonka

Keller Williams Premier Realty Lake Minnetonka

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,522

Year Built

  • Built in 1924

Lot Details

  • Wood Fence
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2,214 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Additional Features

  • Patio
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for fuel, insurance, taxes, water
  • Assessor Parcel Number 1202824220146

Community Details

Overview

  • 2 Units
  • Cedar Ave Heights 3Rd Add Subdivision

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,522

Year Built

Built in 1924

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, Patio
  • Year Built: 1924
  • Above Grade Finished Sq Ft: 2214
  • Water Sewer Expenses: 1828
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable,Fiber Optic
  • FoundationDimensions: 27x41
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Full, Storage Space, Unfinished
  • Living Area: 2214
  • Fireplace: No
  • Owner Pays: Fuel, Insurance, Taxes, Water
  • Basement YN: Yes
  • Amenities: Patio
  • Appliances: Dishwasher,Range
  • Number Of Fireplaces: 1
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: Wood
  • Neighborhood: Standish

Garage/Parking

  • Garage Square Feet: 323

Utilities

  • Heating: Forced Air
  • 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: 40122.3
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels: No
  • ResoLotSizeUnits: SquareFeet
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 5038.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 1202824220146
  • Tax Annual Amount: 6522
  • TaxWithAssessments: 6522.0000

Multi Family

  • FuelExpense: 800
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Aug 15, 2022
Sold by
3900 Llc A Minnesota Limited Liability
Bought by
Aronson Eli
Seller's Agent
Timothy Ontko
Keller Williams Realty Integrity Lakes
Buyer's Agent
Jim Camarata
Keller Williams Premier Realty Lake Minnetonka
List Price
$425,000
Sold Price
$425,000
Total Days on Market
24
Current Estimated Value
$433,215

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,215
Avg. Annual Appreciation
1.02%
Original Mortgage
$341,820
Outstanding Balance
$329,400
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$107,808

Purchase Details

Listed on
Jul 11, 2022
Closed on
Aug 11, 2022
Sold by
3900 Llc
Bought by
Aronson Eli
Seller's Agent
Timothy Ontko
Keller Williams Realty Integrity Lakes
Buyer's Agent
Jim Camarata
Keller Williams Premier Realty Lake Minnetonka
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,820
Outstanding Balance
$329,400
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$107,808

Purchase Details

Closed on
Feb 17, 2016
Sold by
Tjmo Holdings Llc
Bought by
3900 Llc

Purchase Details

Closed on
Jun 30, 2015
Sold by
Ontko Timothy J and Ontko Janine M
Bought by
Tjmo Holdings Llc

Purchase Details

Closed on
Nov 22, 2006
Sold by
Hamilton Scott T
Bought by
Ontko Timothy J
Source: Public Records

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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
Aronson Eli $425,000 --
Aronson Eli $420,000 --
3900 Llc -- Attorney
Tjmo Holdings Llc -- Attorney
Ontko Timothy J $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Aronson Eli $341,820
Closed Aronson Eli $341,820
Previous Owner Ontko Timothy J $145,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2022 08/15/22 Sold $425,000 0.0% $192 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
07/20/2022 07/20/22 Off Market $425,000 -- --
07/11/2022 07/11/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $425,000 -- $192 / 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 $5,352 $411,000 $108,000 $303,000
2022 $6,522 $415,000 $98,000 $317,000
2021 $5,970 $384,000 $67,000 $317,000
2020 $5,978 $365,000 $46,100 $318,900
2019 $5,847 $338,000 $30,700 $307,300
2018 $5,135 $322,000 $30,700 $291,300
2017 $4,788 $255,500 $27,900 $227,600
2016 $4,934 $255,500 $27,900 $227,600
2015 $4,493 $222,000 $27,900 $194,100
2014 -- $193,000 $27,900 $165,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6232962

NorthstarMLS

APN: 12-028-24-22-0146