$750,000
SOLD SEP 6, 2024
8 Beds
4 Baths
4,372 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$172 Per Sq Ft

9% Above List Price

6 Days on Market

Highlights

  • Multiple Garages
  • Partially Fenced Property
  • 5-minute walk to Phelps Park
  • 4 Car Attached Garage

About This Home

As of September 2024

Ericksons' 1925 Phelps Park Craftsman: a Quadruple Boxcar overlooking Phelps Park: four craftsman era apartments with immense intact originality: dining room built-in hutches, original ice boxes, oak and birch inset panel doors throughout, all original hardware and knobs, period correct lighting throughout building on dimmers. All 4 kitchens have restored birch shaker cabinetry, dishwashers, farm sinks and great space and storage much more cook friendly than typical apartments. Euro spec appliances throughout, bathrooms with ceramic tile and fans in each. Units have long 25' hallways and live like a bungalow with 1100 feet per unit. See home highlights for major updates including new Anderson Windows throughout, closed cell foam roof, updated electrical & plumbing. Building has a great energy and would make a wonderful owner occupant four-plex. Lower unit is easy to show, only available due to 1031 exchange. ** Multiple offers, Please adjust showing schedule to view prior to end of business Monday, sellers will be reviewing offers Monday evening **

Last Agent to Sell the Property

Steve Imhoff

Rare Form Properties Listed on: 07/24/2024

Last Buyer's Agent

Michael Moe

Superior Property Management

Superior Property Management

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,401

Year Built

  • Built in 1925

Lot Details

  • Lot Dimensions are 53x122
  • Partially Fenced Property
  • Wood Fence

Parking

  • 4 Car Attached Garage
  • Multiple Garages
  • Tuck Under Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Quadruplex
  • Flat Roof Shape

Interior Spaces

  • 4,372 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Utilities

  • Boiler Heating System
  • 100 Amp Service

Community Details

  • 4 Units
  • Chicago Ave Park Subdivision

Listing and Financial Details

  • Tenant pays for electricity, fuel, gas, grounds care, snow removal
  • The owner pays for insurance, repairs, sewer, taxes, trash collection
  • Assessor Parcel Number 1102824210129

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,401

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry
  • Year Built: 1925
  • Above Grade Finished Sq Ft: 4372
  • Water Sewer Expenses: 2400
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Fiber Optic
  • FoundationDimensions: 40x59
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, 8 ft+ Pour, Full, Storage/Locker, Walkout
  • Living Area: 4372
  • Owner Pays: Insurance, Repairs, Sewer, Taxes, Trash Collection
  • Basement YN: Yes
  • Number Of Fireplaces: 0
  • Total Rooms: 8
  • Total Rooms: 8
  • Number Of Fireplaces: 0
  • Amenities: Built-In Bookcases,Ceiling Fan(s),Countertops-Solid Surface,Custom Cabinetry,Historic/Period Millwork,Tile Floors,Walk-In Closet
  • Appliances: Chandelier,Dishwasher,Energy Star Appliances,Range,Stainless Steel Appliances
  • Total Rooms: 8
  • Amenities: Built-In Bookcases,Ceiling Fan(s),Custom Cabinetry,Historic/Period Millwork,Paneled Doors,Tile Floors,Walk-In Closet
  • Appliances: Chandelier,Dishwasher,Energy Star Appliances,Range,Stainless Steel Appliances
  • Number Of Fireplaces: 0
  • Total Rooms: 8

Beds/Baths

  • Total Bedrooms: 8

Exterior Features

  • Roof: Flat, Other
  • Fencing: Partial, Wood
  • ConstructionMaterialsDesc: Block,Timber/Post & Beam,Brick,Concrete
  • Neighborhood: Bancroft

Garage/Parking

  • Parking Features: Assigned, Attached Garage, Asphalt, Garage Door Opener, Multiple Garages, Paved, Tuckunder Garage
  • Garage Square Feet: 684
  • Garage Door Height: 7

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

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

Lot Info

  • Topography: Level,Walkout
  • Lot Size: 53x122
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Stucco
  • Units Total: 4

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1102824210129
  • Tax Annual Amount: 10401
  • TaxWithAssessments: 10401.0000

Multi Family

  • TenantPays: Electricity, Fuel, Gas, Grounds Care, Snow Removal
  • Number Of Refrigerators: Four

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Sold $750,000 +8.7% $172 / Sq Ft
07/30/2024 07/30/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $689,999 +76.7% $158 / Sq Ft
08/15/2014 08/15/14 Sold $390,400 +4.1% $89 / Sq Ft
05/30/2014 05/30/14 Pending -- -- --
05/27/2014 05/27/14 For Sale $375,000 -- $86 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6573702

NorthstarMLS

APN: 11-028-24-21-0129