NOT LISTED FOR SALE

5212 Bloomington Ave Minneapolis, MN 55417

Hale Neighborhood

Estimated Value: $589,000 - $624,504

3 Beds
3 Baths
2,464 Sq Ft
$247/Sq Ft Est. Value

Last Sold July 25, 2024

Last sale price $590,000 $239 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,786/month

40 Days on Market

Highlights

  • Community Garden
  • Forced Air Heating System
  • Partially Fenced Property
  • Hale Elementary School Rated A-
  • Coin Laundry

About This Home

As of July 2024

Fantastic triplex in a premium location. Blocks from Lake Nokomis, Triangle Park, and some of the area's best restaurants, coffee shops, breweries, and more.
Each unit is 1 bedroom, 1 bathroom, and open concept kitchen/dining with separate furnaces and utilities.
Two car garage, shared laundry and storage units in the basement. Strong rents and extremely low vacancy due to high demand location. Great long term investment in a strong location!
Two units fully rented, one vacant. Excellent opportunity to live in one unit and have the other two pay down a huge part of your mortgage.

Last Agent to Sell the Property

Timothy Devane

Real Broker, LLC Listed on: 05/08/2024

Real Broker, LLC

Last Buyer's Agent

Jason Huerkamp

Keller Williams Preferred Rlty

Keller Williams Preferred Rlty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,327

Year Built

  • Built in 1952

Lot Details

  • Lot Dimensions are 40x123
  • Partially Fenced Property

Parking

  • 2 Car Garage
  • Varies By Unit
  • Garage Door Opener

Home Design

  • Triplex
  • Bi-Level Home
  • Pitched Roof
  • Shake Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Natural lighting in basement

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 1402824430009

Community Details

Overview

  • 3 Units
  • Thorpe Bros 09Th Add Subdivision

Amenities

  • Community Garden
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,327

Year Built

Built in 1952

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Triplex
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Coin-op Laundry Owned, Common Garden, Concrete Floors & Walls
  • Year Built: 1952
  • Above Grade Finished Sq Ft: 1232
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Daylight/Lookout Windows, Finished, Full, Walkout
  • Living Area: 2464
  • Below Grade Finished Sq Ft: 1232
  • Owner Pays: Sewer, Trash Collection
  • Basement YN: Yes
  • Amenities: Tile Floors
  • Appliances: Dryer,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 4
  • Amenities: Tile Floors
  • Appliances: Dryer,Range
  • Total Rooms: 4
  • Number Of Fireplaces: 0
  • Amenities: Tile Floors
  • Appliances: Dryer,Range
  • Number Of Fireplaces: 0
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 3

Exterior Features

  • Roof: Asphalt, Pitched
  • Fencing: Partial
  • Neighborhood: Hale

Garage/Parking

  • Parking Features: Detached, Concrete, Garage Door Opener, Units Vary
  • Garage Square Feet: 0
  • Other Parking Spaces: 3
  • Other Parking Spaces: 1

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Three

Schools

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

Lot Info

  • Lot Size: 40x123
  • Land Lease: No
  • Lot Features: Public Transit (w/in 6 blks), Many Trees
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Shake Siding
  • Units Total: 3

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2023
  • Assessor Parcel Number: 1402824430009
  • Tax Annual Amount: 5327
  • TaxWithAssessments: 5327.0000

Multi Family

  • TenantPays: Electricity, Gas
  • Number Of Refrigerators: Three

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2024
Sold by
Hellevik Mark and Hellevik Jean
Bought by
Hellevik Mark and Hellevik Jean
Current Estimated Value
$608,626

Purchase Details

Listed on
May 8, 2024
Closed on
Jul 25, 2024
Sold by
Torta Andrew and Tortora Rachel
Bought by
Hellevik Mark
Seller's Agent
Timothy Devane
Real Broker, LLC
Buyer's Agent
Jason Huerkamp
Keller Williams Preferred Rlty
List Price
$589,000
Sold Price
$590,000
Premium/Discount to List
$1,000
0.17%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.98%
Original Mortgage
$584,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2017
Sold by
Blanck Christina R and Blanck Jennifer
Bought by
Tortora Andrew P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,806
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 26, 2006
Sold by
Gross Lester L and Gross Agnes W
Bought by
Blanck Christian R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,600
Interest Rate
6.39%
Mortgage Type
New Conventional
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
Hellevik Mark -- None Listed On Document
Hellevik Mark $590,000 --
Tortora Andrew P $338,000 Minnesola Title
Blanck Christian R $352,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hellevik Mark $584,000
Previous Owner Tortora Andrew P $50,000
Previous Owner Tortora Andrew P $310,670
Previous Owner Tortora Andrew P $331,806
Previous Owner Blanck Christian R $281,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2024 07/25/24 Sold $590,000 +0.2% $239 / Sq Ft
06/20/2024 06/20/24 Pending -- -- --
05/11/2024 05/11/24 For Sale $589,000 -- $239 / 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
2023 $5,641 $433,000 $186,000 $247,000
2022 $5,346 $406,000 $142,000 $264,000
2021 $5,166 $383,000 $106,000 $277,000
2020 $5,099 $382,500 $96,100 $286,400
2019 $4,737 $351,000 $65,800 $285,200
2018 $5,358 $319,000 $61,200 $257,800
2017 $4,816 $257,000 $55,600 $201,400
2016 $4,316 $223,500 $55,600 $167,900
2015 $3,936 $194,500 $55,600 $138,900
2014 -- $177,000 $53,000 $124,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6526481

NorthstarMLS

APN: 14-028-24-43-0009