$525,000
SOLD JAN 24, 2025
4 Beds
3 Baths
2,758 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$190 Per Sq Ft

40 Days on Market

Highlights

  • Patio
  • Partially Fenced Property
  • 3-minute walk to Sibley Park
  • Hot Water Heating System

About This Home

As of January 2025

An amazing duplex with premium finishes you won't normally find in a multi-family. Use as a quality rental, owner occupied, multi-generation, or rent a unit short/long term. It would make a great Airbnb. Kitchens, baths, and boilers in both units updated. Mini-split AC in both living rooms. Hardwood floors and natural woodwork throughout. 3rd newer bathroom in basement could be dedicated to one unit. Extra finished space in basement also for exercise, office, etc. Two sets of washer/dryers in basement for separate laundry. A two car garage and fenced in yard top off this wonderful property. Located on bus line, near parks, trails, lakes, Minnehaha Crk., and a bustling S. Mpls. Whether an investor or owner occupied, you'll be proud to own this great duplex.

Last Agent to Sell the Property

John Thompson

RE/MAX Results Listed on: 11/09/2024

RE/MAX Results

Last Buyer's Agent

Nathan Dawit

RES Realty

RES Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,109

Year Built

  • Built in 1928

Lot Details

  • Partially Fenced Property
  • Wood Fence

Parking

  • 2 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Basement Window Egress

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Hot Water Heating System
  • Boiler Heating System
  • 200+ Amp Service

Community Details

  • 2 Units
  • Cedar Ave Heights 3Rd Add Subdivision

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for trash collection
  • Assessor Parcel Number 1202824220140

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,109

Year Built

Built in 1928

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: Laundry
  • Year Built: 1928
  • Above Grade Finished Sq Ft: 2245
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • FoundationDimensions: 0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Egress Window(s), Partially Finished
  • Living Area: 2758
  • Below Grade Finished Sq Ft: 513
  • Owner Pays: Trash Collection
  • Basement YN: Yes
  • Amenities: Countertops-Granite,Custom Cabinetry,Historic/Period Millwork,Kitchen Center Island,Main Floor Primary Bedroom,Open Floorplan
  • Appliances: Dishwasher,Gas Water Heater,Microwave,Range,Stainless Steel Appliances
  • Number Of Fireplaces: 1
  • Total Rooms: 7
  • Amenities: Countertops-Granite,Custom Cabinetry,Kitchen Center Island,Open Floorplan,Tile Floors
  • Appliances: Dishwasher,Gas Water Heater,Microwave,Range,Stainless Steel Appliances
  • Total Rooms: 6
  • Number Of Fireplaces: 1

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • Fencing: Partial, Wood
  • Neighborhood: Bancroft
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Detached
  • Garage Square Feet: 420

Utilities

  • Heating: Boiler, Ductless Mini-Split, Hot Water, Radiator(s)
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers, 200+ Amp Service
  • Fuel: Electric,Natural Gas
  • Number of Ranges: Two

Schools

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

Lot Info

  • Lot Size: 0
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 1202824220140
  • Tax Annual Amount: 6109
  • TaxWithAssessments: 0.0000

Multi Family

  • TenantPays: All Utilities
  • Number Of Refrigerators: Two

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2024
Closed on
Jan 24, 2025
Sold by
Richardson Mark Daniel and Richardson Jeanette Barbara
Bought by
Jama Bilan and Jama Mohamed Ali
Seller's Agent
John Thompson
RE/MAX Results
Buyer's Agent
Nathan Dawit
RES Realty
List Price
$525,000
Sold Price
$525,000
Views
69
Current Estimated Value
$545,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,799
Avg. Annual Appreciation
4.21%
Original Mortgage
$50,000
Outstanding Balance
$49,790
Interest Rate
6.93%
Estimated Equity
$489,247

Purchase Details

Closed on
Aug 31, 2020
Sold by
Gloss Michael A and Gloss Diana
Bought by
Richardson Mark Daniel and Richardson Jeanetta Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,900
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 11, 2014
Closed on
Dec 30, 2014
Sold by
Affinity Plus Federal Credit Union
Bought by
Gloss Michael A
Seller's Agent
Bruce Bjorklund
Bjorklund Realty, Inc.
Buyer's Agent
Mohamed "Moe" Mossa
Success Realty
List Price
$214,900
Sold Price
$198,000
Premium/Discount to List
-$16,900
-7.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.80%
Original Mortgage
$188,100
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2013
Sold by
Lory Jamie A
Bought by
Affinity Plus Federal Credit Union

Purchase Details

Closed on
Jul 17, 2007
Sold by
Grishen Carol
Bought by
Lory Jamie A
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $525,000 Pillar Title
Warranty Deed $499,900 Results Title
Limited Warranty Deed $198,000 Liberty Title Inc
Sheriffs Deed $260,278 None Available
Warranty Deed $265,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $50,000 No Value Available
Open $446,250 New Conventional
Previous Owner $424,900 New Conventional
Previous Owner $188,100 New Conventional
Previous Owner $28,413 Credit Line Revolving
Previous Owner $33,200 Unknown
Previous Owner $262,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2025 01/24/25 Sold $525,000 0.0% $190 / Sq Ft
12/21/2024 12/21/24 Pending -- -- --
11/11/2024 11/11/24 For Sale $525,000 +165.2% $190 / Sq Ft
12/31/2014 12/31/14 Sold $198,000 -7.9% $74 / Sq Ft
12/01/2014 12/01/14 Pending -- -- --
11/11/2014 11/11/14 For Sale $214,900 -- $80 / 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 $6,110 $469,000 $85,000 $384,000
2022 $5,958 $464,000 $77,000 $387,000
2021 $4,959 $430,000 $47,000 $383,000
2020 $4,940 $373,500 $39,300 $334,200
2019 $4,823 $346,000 $26,200 $319,800
2018 $4,153 $329,500 $26,200 $303,300
2017 $3,818 $260,000 $23,800 $236,200
2016 $3,366 $226,500 $23,800 $202,700
2015 $5,552 $199,000 $23,800 $175,200
2014 -- $173,000 $28,500 $144,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6629298

NorthstarMLS

APN: 12-028-24-22-0140