NOT LISTED FOR SALE

5046 Hiawatha Ave Minneapolis, MN 55417

Minnehaha Neighborhood

Estimated Value: $478,000 - $548,000

7 Beds
2 Baths
2,996 Sq Ft
$167/Sq Ft Est. Value

Last Sold June 30, 2023

Last sale price $502,900 $168 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,169/month

19 Days on Market

Highlights

  • Forced Air Heating System
  • Baseboard Heating
  • 3-minute walk to 50Th Street/Minnehaha Park Station

About This Home

As of June 2023

This powerhouse of a property can do it all. Perfectly situated near Airport, MOA, Minnehaha Falls, Lake Nokomis and features a killer garage rooftop overlooking Minnehaha Park for short term rentals. Near many hospitals (VA Hospital & Children's), close to light-rail & downtown Minneapolis & St. Paul and other major business traveler attractions for medium term rental. Amazing & spacious for long term renters. Phenomenal as a house hack for any owner-occupier. Mix & Match your strategies for the highest returns or to compliment your lifestyle. This newly updated duplex will be the perfect addition or start to your portfolio. Smart updates with Nest Thermostat & keyless entry for both units. New paint, carpet in both units. Roof & garage rooftop replaced 2018. Upper unit countertops to be replaced in coming weeks. Separate Gas & Electric Meters.You will regret missing out. See it today!

Last Agent to Sell the Property

Andre Anderson

Fuze Real Estate Listed on: 05/17/2023

Last Buyer's Agent

Taylor Doolittle

RE/MAX Results

RE/MAX Results

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,057

Year Built

  • Built in 1954

Lot Details

  • Lot Dimensions are 60 x 100

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Shake Siding

Interior Spaces

  • 1.5-Story Property

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Bathrooms

Finished Basement

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

Utilities

  • Forced Air Heating System
  • Baseboard Heating

Community Details

  • 2 Units
  • Fosters 2Nd Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1802823410042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,057

Year Built

Built in 1954

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 - In Street
  • Year Built: 1954
  • Above Grade Finished Sq Ft: 1900
  • Water Sewer Expenses: 1
  • Unit Levels: One and One Half
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Finished, Full, Walkout
  • Living Area: 2996
  • Below Grade Finished Sq Ft: 1096
  • Basement YN: Yes
  • Total Rooms: 5
  • Total Rooms: 11

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Neighborhood: Minnehaha

Garage/Parking

  • Garage Square Feet: 390
  • Other Parking Spaces: 1
  • Other Parking Spaces: 1

Utilities

  • Heating: Baseboard, Forced Air
  • Sewer: City Sewer - In Street
  • Fuel: Natural Gas

Schools

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

Lot Info

  • Lot Size: 60 x 100
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

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

Rental Info

  • Expenses: 1.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1802823410042
  • Tax Annual Amount: 5057
  • TaxWithAssessments: 5057.1200

Multi Family

  • ElectricExpense: 1
  • FuelExpense: 1
  • Resident Manager Expense: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2023
Closed on
Jun 30, 2023
Sold by
Anderson Andre
Bought by
Hein Charles and Hein Alyssa
Seller's Agent
Andre Anderson
Fuze Real Estate
Buyer's Agent
Taylor Doolittle
RE/MAX Results
List Price
$499,000
Sold Price
$502,900
Premium/Discount to List
$3,900
0.78%
Views
125
Current Estimated Value
$499,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,410
Avg. Annual Appreciation
-0.30%
Original Mortgage
$427,465
Outstanding Balance
$418,578
Interest Rate
6.57%
Mortgage Type
VA
Estimated Equity
$80,912

Purchase Details

Closed on
Oct 15, 2018
Sold by
Haas Amey L and Schnabel Amey L
Bought by
Anderson Andre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,370
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 2011
Sold by
Petersen Sharen
Bought by
Schnabel Amey L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
4.14%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hein Charles $502,900 Watermark Title
Anderson Andre $353,552 Watermark Title Agency
Schnabel Amey L $140,000 Midland Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hein Charles $427,465
Previous Owner Anderson Andre $368,068
Previous Owner Anderson Andre $368,767
Previous Owner Anderson Andre $370,370
Previous Owner Schnaberl Amey L $28,605
Previous Owner Schnabel Amey L $150,000
Previous Owner Schnabel Amey L $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2023 06/30/23 Sold $502,900 +0.8% $168 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $499,000 -- $167 / 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
2024 $6,124 $421,000 $102,000 $319,000
2023 $5,419 $416,000 $102,000 $314,000
2022 $6,535 $387,000 $77,000 $310,000
2021 $5,888 $375,000 $53,000 $322,000
2020 $5,306 $360,000 $56,600 $303,400
2019 $4,212 $300,000 $37,700 $262,300
2018 $3,764 $291,500 $37,700 $253,800
2017 $3,676 $251,500 $34,300 $217,200
2016 $3,494 $234,000 $34,300 $199,700
2015 $3,845 $244,000 $34,300 $209,700
2014 -- $175,000 $30,300 $144,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2023

    Andre Anderson

    Fuze Real Estate

    (612) 396-5216

    1 in this area

    11 Total Sales

    Andre Anderson
    Section Image
  • Taylor Doolittle

    Buyer's Agent in 2023

    Taylor Doolittle

    RE/MAX Results

    (952) 567-9939

    1 in this area

    283 Total Sales

    Taylor Doolittle
    Section Image
See All Agents

Map

Source: NorthstarMLS

MLS Number: 6366788

NorthstarMLS

APN: 18-028-23-41-0042

Minnesota Hennepin County Minneapolis 55417 Minnehaha

5046 Hiawatha Ave, Minneapolis, MN

This home is located at 5046 Hiawatha Ave, Minneapolis, MN 55417 since 17 May 2023 and is currently estimated at $499,490, approximately $166 per square foot. This property was built in 1954. 5046 Hiawatha Ave is a home located in Hennepin County with nearby schools including Lake Nokomis Keewaydin Elementary School, Lake Nokomis Wenonah Elementary School, and Sanford Middle School.

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