NOT LISTED FOR SALE

5191 3rd St NE Minneapolis, MN 55421

Estimated Value: $377,000 - $412,460

5 Beds
2 Baths
2,344 Sq Ft
$171/Sq Ft Est. Value

Last Sold January 16, 2025

Last sale price $390,000 $166 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,530/month

58 Days on Market

Highlights

  • 3 Car Attached Garage
  • Laundry Facilities
  • Wood Siding
  • Forced Air Heating System
  • Partially Fenced Property

About This Home

As of January 2025

Fantastic investment opportunity or live in one unit while renting out the other! This cash-flowing duplex is situated in a desirable area and offers separate utilities, a newer roof, water heaters, and driveway. The upper unit (#1) features 3 bedrooms, 1 full bathroom, a 2-car garage, and a private deck overlooking the backyard. The lower unit (#2) includes 2 bedrooms, 1 full bathroom, a spacious patio, and a 1-car garage. Both units boast updated flooring throughout and shared access to washers and dryers. Conveniently located near public transportation, restaurants, highways, shopping, parks, and more.

Last Agent to Sell the Property

Amber Lange

Keller Williams Classic Rlty NW Brokerage Phone: 763-226-7911 Listed on: 10/22/2024

Keller Williams Classic Rlty NW

Last Buyer's Agent

Jose Hilario

Keller Williams Premier Realty Lake Minnetonka

Keller Williams Premier Realty Lake Minnetonka

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,204

Year Built

  • Built in 1979

Lot Details

  • Lot Dimensions are 114x126x114x128
  • Partially Fenced Property
  • Privacy Fence
  • Wood Fence
  • Chain Link Fence

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex
  • Bi-Level Home
  • Wood Siding

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Finished Basement

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

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • The owner pays for insurance, repairs, sewer, taxes, trash collection
  • Assessor Parcel Number 263024220009

Community Details

Overview

  • 2 Units
  • Carlsons Summit Manor Annex 2 Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,204

Year Built

Built in 1979

Lot Details

0

Parking

3

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Garage Spaces: 3
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Laundry
  • Year Built: 1979
  • Above Grade Finished Sq Ft: 1192
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Attribution Contact: 763-226-7911
  • Attribution Contact: 763-226-7911
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Egress Window(s), Finished, Full, Walkout
  • Living Area: 2344
  • Below Grade Finished Sq Ft: 1152
  • Owner Pays: Insurance, Repairs, Sewer, Taxes, Trash Collection
  • Basement YN: Yes
  • Amenities: Deck
  • Appliances: Dishwasher,Range
  • Amenities: Patio
  • Appliances: Dishwasher,Range

Beds/Baths

  • Total Bedrooms: 5

Exterior Features

  • Roof: Asphalt
  • Fencing: Chain Link, Partial, Privacy, Wood
  • ConstructionMaterialsDesc: Block
  • PatioPorchType: Deck,Patio

Garage/Parking

  • Parking Features: Attached Garage, Asphalt
  • Other Parking Spaces: 4
  • Other Parking Spaces: 2

Utilities

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

Schools

  • Junior High Dist: Columbia Heights
  • SchoolDistrictPhone: 763-528-4500

Lot Info

  • Lot Size: 114x126x114x128
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks)
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

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

Rental Info

  • Expenses: 10087.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 263024220009
  • Tax Annual Amount: 5204
  • TaxWithAssessments: 5204.0000

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Jan 15, 2025
Sold by
Hynes Steven and Hynes Jaimee
Bought by
Chimborazo Guaman Jose
Seller's Agent
Amber Lange
Keller Williams Classic Rlty NW
Buyer's Agent
Jose Hilario
Keller Williams Premier Realty Lake Minnetonka
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Views
97
Current Estimated Value
$400,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,865
Avg. Annual Appreciation
2.87%
Original Mortgage
$390,000
Outstanding Balance
$387,228
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$13,637

Purchase Details

Closed on
Apr 19, 2013
Sold by
Hynes Steven M and Hynes Jaimee L
Bought by
Hynes Steven M and Hynes Jaimee L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 1997
Sold by
Sinigaglio Joseph and Sinigaglio Carol
Bought by
Hynes Steve M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chimborazo Guaman Jose $390,000 --
Hynes Steven M -- None Available
Hynes Steve M $119,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chimborazo Guaman Jose $390,000
Previous Owner Hynes Steven M $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2025 01/16/25 Sold $390,000 -2.5% $166 / Sq Ft
12/19/2024 12/19/24 Pending -- -- --
10/22/2024 10/22/24 For Sale $400,000 -- $171 / 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
2025 $5,226 $382,200 $94,600 $287,600
2024 $5,226 $360,200 $72,600 $287,600
2023 $5,111 $406,000 $77,200 $328,800
2022 $4,448 $377,400 $51,200 $326,200
2021 $4,727 $279,900 $47,700 $232,200
2020 $4,459 $279,900 $45,800 $234,100
2019 $4,269 $274,400 $45,400 $229,000
2018 $3,838 $242,600 $0 $0
2017 $3,793 $202,600 $0 $0
2016 $3,149 $183,200 $0 $0
2015 $2,998 $183,200 $29,800 $153,400
2014 -- $148,000 $24,100 $123,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6621179

NorthstarMLS

APN: 26-30-24-22-0009