NOT LISTED FOR SALE

5008 Morgan Ave S Unit Lower Minneapolis, MN 55419

Lynnhurst Neighborhood

Estimated Value: $511,000 - $673,933

3 Beds
1 Bath
1,405 Sq Ft
$436/Sq Ft Est. Value

Highlights

  • 1 Fireplace
  • No HOA
  • Hot Water Heating System
  • Burroughs Elementary School Rated A-
  • Living Room

About This Home

As of September 2023

Charming lower level unit in a duplex in demand Lynnhurst neighborhood, less than 2 blocks from Lake Harriet and Minnehaha Creek. Enjoy restaurants, coffee shops and Lynnhurst Park just down the street. Each unit has private entry from foyer, gorgeous hardwood floors, fireplace, spacious dining room, 3 bedrooms (2 of the bedrooms have a connection but can be used separately), full bath and kitchen with dishwasher. Each unit also has its own storage, garage space and washer and dryer.

Last Agent to Rent the Property

Carol March

Classic Lake Realty Inc Listed on: 07/31/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,997

Year Built

  • Built in 1927

Lot Details

  • 5,227

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 1,405 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace
  • Living Room
  • Unfinished Basement
  • Basement Storage

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Lot Dimensions are 129x40
  • Hot Water Heating System

Community Details

  • No Home Owners Association
  • Thornton Park 2Nd Div Subdivision

Listing and Financial Details

  • Property Available on 10/1/23
  • Tenant pays for cable TV, trash collection
  • Assessor Parcel Number 1602824320060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,997

Year Built

Built in 1927

Lot Details

0

Parking

1

Rental Info

  • Furnished: Unfurnished
  • Lease Term: 12 Months
  • Available Date: 2023-10-01
  • Lease Price: 2145.0000
  • ApplicationFee: 50.0000
  • SecurityDeposit: 2045.0000
  • SmokingPermitted: No

Listing Details

  • Type: Residential Lease
  • Property Subtype 1: Duplex Up and Down
  • Cooling System: Window Unit(s)
  • Garage Spaces: 1
  • Accessibility Features: None
  • Fireplaces: 1
  • Water Source: City Water/Connected
  • Year Built: 1927
  • Above Grade Finished Sq Ft: 1405
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Storage Space, Unfinished
  • Appliances: Dishwasher, Range, Refrigerator
  • Living Area: 1405
  • Basement YN: Yes
  • Dining Room Type: Living Room, Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bedroom 3
  • SqFtTotal: 2810.00

Beds/Baths

  • Full Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Neighborhood: Lynnhurst

Garage/Parking

  • Parking Features: Detached

Utilities

  • Heating: Hot Water
  • Sewer: City Sewer - In Street
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Natural Woodwork

Schools

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

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size: 129X40
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Stucco

Tax Info

  • Assessor Parcel Number: 1602824320060

Multi Family

  • TenantPays: Cable TV, Trash Collection

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 16, 2019
Sold by
Angelica Emil W and Angelica Emil W
Bought by
March Carol A and March Laurel
Current Estimated Value
$612,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,950
Outstanding Balance
$307,666
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$305,317

Purchase Details

Closed on
Jul 15, 2019
Sold by
Angelica Emil W and Angelica Marion P
Bought by
Angelica Angelica Emil W Emil W and Emil W Angelica & Marion P Angelica Char

Purchase Details

Closed on
Apr 20, 2017
Sold by
Angelica Emil W and Angelica Marion P
Bought by
Angelica Emil W and Angelica Mnarion P
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 Buyer Sale Price Title Company
March Carol A $540,000 Edina Realty Title Inc
Angelica Angelica Emil W Emil W -- None Available
Angelica Emil W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open March Carol A $365,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2023 09/11/23 Rented $2,170 +1.2% --
07/31/2023 07/31/23 For Rent $2,145 -- --
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
2024 $11,997 $660,000 $296,000 $364,000
2023 $11,095 $695,000 $309,000 $386,000
2022 $9,579 $604,000 $269,000 $335,000
2021 $8,759 $564,000 $234,000 $330,000
2020 $9,471 $535,500 $219,000 $316,500
2019 $9,724 $535,500 $185,900 $349,600
2018 $8,901 $535,500 $185,900 $349,600
2017 $8,665 $455,000 $169,000 $286,000
2016 $8,515 $433,500 $169,000 $264,500
2015 $8,406 $408,000 $169,000 $239,000
2014 -- $359,500 $156,900 $202,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6410010

NorthstarMLS

APN: 16-028-24-32-0060