5200 Nicollet Ave Minneapolis, MN 55419
Tangletown Neighborhood
6
Beds
4
Baths
3,044
Sq Ft
4,792
Sq Ft Lot
Highlights
- Corner Lot
- 2 Car Attached Garage
- Forced Air Heating System
- Burroughs Elementary School Rated A-
- Patio
- 3-minute walk to Elmwood Triangle
About This Home
As of May 2025A rare opportunity to acquire a Triplex in the heart of Minneapolis' Tangletown neighborhood - known for its tree-lined streets and walkability. This classic property offers a blend of character and functionality. Two of the three units feature a sought-after Townhouse style layouts with 2 levels of above ground living and opportunity to expand further with basement space ready to be finished. The third unit, a top floor one bedroom has been recently renovated with a fully updated bathroom, refinished hardwood floors and fresh interior finishes. The current owner has replaced 5200s heating system and the 9w heating system has also been replaced in the last 5 years, along with a roof less than 6 years old, some of the major capital expenses have been addressed. A shard backyard patio and proximity to Minnehaha Parkway help add to the desirability of the property.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,099
Year Built
- Built in 1941
Lot Details
- Lot Dimensions are 70x70
- Wood Fence
- Corner Lot
Parking
- 2 Car Attached Garage
Home Design
- Triplex
Interior Spaces
- 2-Story Property
- Partially Finished Basement
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Additional Features
- Patio
- Forced Air Heating System
Community Details
- 3 Units
- Johansons Washburn Park Add Subdivision
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- The owner pays for grounds care, repairs, taxes, trash collection
- Assessor Parcel Number 1502824340081
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 18, 2025
Closed on
May 30, 2025
Sold by
Chime Ventures Llc
Bought by
D Butler Properties Llc
Seller's Agent
Nate Morris
DMR Realty INC
Buyer's Agent
John Murray
Edina Realty, Inc.
List Price
$689,900
Sold Price
$660,000
Premium/Discount to List
-$29,900
-4.33%
Views
60
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.08%
Original Mortgage
$350,000
Outstanding Balance
$350,000
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$326,092
Purchase Details
Listed on
Aug 11, 2022
Closed on
Dec 19, 2022
Sold by
Chime Chukwunonso U and Chime Vivien
Bought by
Chime Ventures Llc
Seller's Agent
Todd Ginsberg
RE/MAX Results
Buyer's Agent
Shannon VonWald-Ramirez
Weichert, Realtors-Advantage
List Price
$599,900
Sold Price
$530,000
Premium/Discount to List
-$69,900
-11.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.02%
Original Mortgage
$397,500
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 11, 2022
Closed on
Nov 14, 2022
Sold by
Heitzman Anthony D and Heitzman Christi
Bought by
Chime Chukwunonso U
Seller's Agent
Todd Ginsberg
RE/MAX Results
Buyer's Agent
Shannon VonWald-Ramirez
Weichert, Realtors-Advantage
List Price
$599,900
Sold Price
$530,000
Premium/Discount to List
-$69,900
-11.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,500
Interest Rate
6.95%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 30, 2003
Sold by
Mehran Mehtash and Mehran Sarya
Bought by
Heitzman Anthony D
Purchase Details
Closed on
Jun 26, 2001
Sold by
Estate Of Mary W Culhane
Bought by
Mehran Mehrtash
Similar Homes in Minneapolis, MN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $660,000 | Partners Title | |
| Quit Claim Deed | $500 | -- | |
| Warranty Deed | $530,000 | -- | |
| Warranty Deed | $439,500 | -- | |
| Warranty Deed | $347,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $350,000 | New Conventional | |
| Previous Owner | $397,500 | New Conventional | |
| Previous Owner | $287,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $660,000 | -4.3% | $217 / Sq Ft |
| 05/15/2025 05/15/25 | Pending | -- | -- | -- |
| 04/18/2025 04/18/25 | For Sale | $689,900 | +30.2% | $227 / Sq Ft |
| 11/14/2022 11/14/22 | Sold | $530,000 | -3.6% | $174 / Sq Ft |
| 09/27/2022 09/27/22 | Pending | -- | -- | -- |
| 09/13/2022 09/13/22 | Price Changed | $550,000 | -4.3% | $181 / Sq Ft |
| 08/29/2022 08/29/22 | Price Changed | $575,000 | -4.2% | $189 / Sq Ft |
| 08/11/2022 08/11/22 | For Sale | $599,900 | -- | $197 / Sq Ft |
Source: NorthstarMLS
Tax History Compared to Growth
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 | $9,099 | $570,000 | $199,000 | $371,000 |
| 2022 | $9,449 | $575,000 | $199,000 | $376,000 |
| 2021 | $9,106 | $544,000 | $166,000 | $378,000 |
| 2020 | $9,330 | $543,500 | $115,500 | $428,000 |
| 2019 | $8,718 | $522,500 | $100,000 | $422,500 |
| 2018 | $7,945 | $475,000 | $100,000 | $375,000 |
| 2017 | $7,527 | $396,500 | $90,900 | $305,600 |
| 2016 | $7,420 | $379,000 | $90,900 | $288,100 |
| 2015 | $7,076 | $344,500 | $90,900 | $253,600 |
| 2014 | -- | $299,500 | $90,900 | $208,600 |
Source: Public Records
Agents Affiliated with this Home
-
Nate Morris
N
Seller's Agent in 2025
Nate Morris
DMR Realty INC
(612) 868-6283
1 in this area
2 Total Sales
-
Dave Roppe
D
Seller Co-Listing Agent in 2025
Dave Roppe
DMR Realty INC
(763) 227-4309
1 in this area
33 Total Sales
-
John Murray
Buyer's Agent in 2025
John Murray
Edina Realty, Inc.
(612) 710-0710
1 in this area
101 Total Sales
-
Todd Ginsberg
Seller's Agent in 2022
Todd Ginsberg
RE/MAX Results
1 in this area
69 Total Sales
-
Robert Day
Seller Co-Listing Agent in 2022
Robert Day
RE/MAX Results
(612) 961-8882
1 in this area
48 Total Sales
-
Shannon VonWald-Ramirez
S
Buyer's Agent in 2022
Shannon VonWald-Ramirez
Weichert, Realtors-Advantage
(239) 269-5576
1 in this area
52 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6702933
APN: 15-028-24-34-0081
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked.
Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information:
(1) description of the copyrighted work that is the subject of claimed infringement;
(2) description of the alleged infringing content and information sufficient to permit us to locate the content;
(3) contact information for you, including your address, telephone number and email address;
(4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law;
(5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and
(6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Nearby Homes
- 21 Luverne Ave
- 6 Elmwood Place E
- 3 E Minnehaha Pkwy
- 5028 Nicollet Ave
- 5341 Nicollet Ave
- 129 W 50th St
- 5317 3rd Ave S
- 404 Luverne Ave
- 5231 Clinton Ave
- 324 W Diamond Lake Rd
- 4853 Nicollet Ave
- 212 E Diamond Lake Rd
- 5446 Pleasant Ave
- 300 E Diamond Lake Rd
- 141 Rustic Lodge W
- 4857 3rd Ave S
- 5540 Pillsbury Ave S
- 4816 3rd Ave S
- 721 W Minnehaha Pkwy
- 5631 Blaisdell Ave