NOT LISTED FOR SALE
5 Beds
9 Baths
3,464 Sq Ft
0.72 Acres

Last Sold September 23, 2024

Last sale price $500,000 $144 Per Sq Ft

130 Days on Market

Highlights

  • 0.72 Acre Lot
  • 1-Story Property
  • Boiler Heating System
  • No HOA
  • Wood Siding
  • 4-minute walk to GND Park

About This Home

As of September 2024

Amazing investment opportunity! This 9 unit building in Gary New Duluth is a prime investment. The property includes (2) 1 bdrm units, (1) 3 bdrm house (potential for an onsite property manager or owner occupied!) and (6) efficiency units. Each unit features it's own entry, kitchen area and bathroom. The house basement has laundry machines and storage space. There is also a storage shed in the spacious back yard. The property offers off street parking for all tenants. The owner currently pays elec, water, sewer and trash. Seller is a licensed agent in MN.

Last Agent to Sell the Property

Betsy Norman

Think Minnesota Realty LLC Listed on: 04/11/2024

Co-Listed By

Dave Lilja

Think Minnesota Realty LLC

Last Buyer's Agent

Amy Spampinato

RE/MAX Professionals - Duluth

RE/MAX Professionals - Duluth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,568

Year Built

  • Built in 1954

Lot Details

  • 0.72 Acre Lot
  • Lot Dimensions are 225x140

Home Design

  • Side-by-Side
  • Poured Concrete
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 9 Bathrooms

Parking

  • No Garage
  • Off-Street Parking

Utilities

  • Boiler Heating System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 9 Units

Listing and Financial Details

  • Tenant pays for cable TV, internet service
  • Assessor Parcel Number 010-3430-12720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,568

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: From the South: From I-35, take the Midway Road exit, turn right and continue on Becks Rd. to Commonwealth Ave. Turn right on Commonwealth - approx. 1/2 - 1 mile, property is on your left. From the North: From I-35, take the Grand Ave (left exit), continue approx. 6.8 miles. Property is on the left.
  • L O1 Office Phone1 Number: 218-387-5508
  • Tax Year: 2024
  • Lot Description Waterfront: No
  • CondoPropertyType: Side by Side
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 3224
  • Below Grade Finished Sq Ft: 240
  • Garage Type: None
  • Heat: Boiler, Natural Gas, Electric
  • Reso Roof: Metal
  • TotalBedrooms: 5
  • MediaType: 5-10 Units
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Stories: 1 Story
  • Total Bathrooms: 9
  • Total Fin Square Footage: 3464

Exterior Features

  • Exterior: Wood

Garage/Parking

  • Parking Driveway: Off Street

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 225x140
  • Estimated Number of Acres: 0.72
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 010-3430-12720

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Cable TV, Internet Service

Tax Info

  • Tax Amount: 4568
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2024 09/23/24 Sold $500,000 -4.8% $144 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $524,999 -- $152 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $4,542 $271,900 $37,500 $234,400
2023 $4,542 $265,100 $36,600 $228,500
2022 $4,568 $216,800 $29,900 $186,900
2021 $3,678 $205,600 $29,900 $175,700
2020 $3,706 $187,400 $82,100 $105,300
2019 $3,068 $183,400 $82,100 $101,300
2018 $2,886 $153,100 $68,500 $84,600
2017 $2,878 $153,100 $68,500 $84,600
2016 $2,798 $5,600 $5,600 $0
2015 $2,891 $153,100 $68,500 $84,600
2014 $2,891 $154,400 $13,600 $140,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lake Superior Area REALTORS®

MLS Number: 6115536