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
15.22%
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
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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
-
N
Seller's Agent in 2025
Nate Morris
DMR Realty INC
-
D
Seller Co-Listing Agent in 2025
Dave Roppe
DMR Realty INC
-
J
Buyer's Agent in 2025
John Murray
Edina Realty, Inc.
-
T
Seller's Agent in 2022
Todd Ginsberg
RE/MAX Results
-
R
Seller Co-Listing Agent in 2022
Robert Day
RE/MAX Results
-
S
Buyer's Agent in 2022
Shannon VonWald-Ramirez
Weichert, Realtors-Advantage
Map
Source: NorthstarMLS
MLS Number: 6702933
APN: 15-028-24-34-0081
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