$465,000
SOLD FEB 20, 2025
4 Beds
2 Baths
2,288 Sq Ft
5,663 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

11% Above List Price

7 Days on Market

About This Home

As of February 2025

Welcome to this beautifully maintained up/down duplex featuring two spacious units. You will be impressed by the amount of space here. Each unit offers comfortable space for singles as well as roommates. With large living and dining rooms, and eat-in kitchens, these apartments provide ample space for relaxation and entertaining. Enjoy the beauty of hardwood floors throughout each unit, adding warmth and character to your home. Large windows ensure that your home is filled with natural light all day long. The property has been well-maintained, with the recent addition of new roof, siding, and gutters. The deck at the back is great for summer enjoyment. While there is no garage, there is plenty of parking available off the alley. With a strong rental history, this duplex is an excellent investment opportunity. It's perfect for those looking to invest in a reliable and well-kept property or those seeking to live in one unit while renting out the other. Don't miss out!

Last Agent to Sell the Property

Marzena Melby

Coldwell Banker Realty Brokerage Phone: 612-267-6798 Listed on: 01/09/2025

Coldwell Banker Realty

Last Buyer's Agent

Drew Hoefler

Side by Side Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,995

Year Built

  • Built in 1965

Home Design

  • Duplex

Interior Spaces

  • 2,288 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System
  • 100 Amp Service

Additional Features

  • Deck
  • Lot Dimensions are 128 x 67 x 136 x 20

Community Details

  • 2 Units
  • Thorpe Bros Minnehaha Ave Add Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for insurance, grounds care, snow removal, taxes, trash collection
  • Assessor Parcel Number 0702823420206

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,995

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Deck
  • Year Built: 1965
  • Above Grade Finished Sq Ft: 2288
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Attribution Contact: 612-267-6798
  • Attribution Contact: 612-267-6798
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full, Unfinished
  • Living Area: 2288
  • Owner Pays: Insurance, Grounds Care, Snow Removal, Taxes, Trash Collection
  • Basement YN: Yes
  • Amenities: Deck
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 5
  • Shared Rooms: Other

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age 8 Years or Less
  • Neighborhood: Hiawatha
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Concrete
  • Other Parking Spaces: 1

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Electric: 100 Amp Service
  • Fuel: Natural Gas
  • Number of Ranges: One Per Unit

Schools

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

Lot Info

  • Lot Size: 128 x 67 x 136 x 20
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Unknown
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Vinyl Siding
  • Units Total: 2

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 0702823420206
  • Tax Annual Amount: 4995
  • TaxWithAssessments: 5359.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: One Per Unit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2025
Closed on
Feb 20, 2025
Sold by
Berglund Theresa T
Bought by
Vellicolungara Kavya and Vellicolungara Maya
Seller's Agent
Marzena Melby
Coldwell Banker Realty
Buyer's Agent
Drew Hoefler
Side by Side Realty LLC
List Price
$420,000
Sold Price
$465,000
Premium/Discount to List
$45,000
10.71%
Views
15
Current Estimated Value
$491,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,476
Avg. Annual Appreciation
1.71%
Original Mortgage
$427,500
Outstanding Balance
$425,713
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$43,962

Purchase Details

Closed on
Feb 1, 2016
Sold by
Brown Mark and Brown Kathleen L
Bought by
Berglund Theresa T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,015
Interest Rate
3.87%
Mortgage Type
FHA
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 $475,000 K2 Title Co
Warranty Deed $220,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $427,500 New Conventional
Previous Owner $245,300 New Conventional
Previous Owner $216,015 FHA
Previous Owner $140,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2025 02/20/25 Sold $465,000 +10.7% $203 / Sq Ft
01/23/2025 01/23/25 Pending -- -- --
01/16/2025 01/16/25 For Sale $420,000 -- $184 / 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 $5,359 $385,000 $101,000 $284,000
2022 $5,682 $385,000 $92,000 $293,000
2021 $5,508 $384,500 $65,000 $319,500
2020 $5,774 $384,500 $51,200 $333,300
2019 $5,029 $373,500 $34,100 $339,400
2018 $4,555 $316,500 $34,100 $282,400
2017 $5,293 $259,000 $31,000 $228,000
2016 $3,551 $237,000 $31,000 $206,000
2015 $3,585 $229,000 $31,000 $198,000
2014 -- $209,000 $31,000 $178,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6640320

NorthstarMLS

APN: 07-028-23-42-0206