NOT LISTED FOR SALE

610 E 23rd St 2310 6th Ave E Hibbing, MN 55746

6 Beds
5 Baths
8,582 Sq Ft
1929 Built

Last Sold August 13, 2021

Last sale price $275,000 $32 Per Sq Ft

179 Days on Market

Highlights

  • Deck
  • Laundry in Utility Room
  • Hot Water Heating System
  • Balcony
  • Ceiling Fan
  • Heating System Uses Steam

About This Home

As of August 2021

MAJOR RENOVATIONS happening in this 14-unit apartment complex and tri-plex with additional garage and garage apt in great neighborhood location in Hibbing. Two apartments are being completely renovated, and a steam to natural gas heat is being installed in three of the buildings! There are new windows throughout and the roofs were done in 2011 and 2013. There is a convenient parking lot between buildings. Classic looking apts have beautiful coved ceilings with newer doors. There are 5 apartments in 610 and 5 apts in 610 1/2. Mailboxes in 610 and laundry room is in 610 1/2. There are 3 apts in 2310 and a Garage apt. This 10-unit apartment complex is being sold together with the white 4-unit property adjacent at 2310 6th Ave E, a 3 unit house and garage apartment, for a total of 14 apartments. They share the parking lot at 610.

Last Agent to Sell the Property

Patti Stoddard

Perrella & Associates License #40572242 Listed on: 06/24/2020

Last Buyer's Agent

Patti Stoddard

Perrella & Associates License #40572242 Listed on: 06/24/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,024

Year Built

  • Built in 1929

Parking

  • Parking Lot

Home Design

  • Wood Frame Construction
  • Stucco

Interior Spaces

  • 8,582 Sq Ft Home
  • Ceiling Fan

Laundry

  • Laundry in Utility Room
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Deck

Lot Details

  • Lot Dimensions are 325 x 100

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Gas
  • Gas Available

Community Details

Overview

  • 14 Units

Building Details

  • Insurance Expense $567
  • Utility Expense $2,500
  • Gross Income $8,860
  • Net Operating Income $4,475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,024

Year Built

Built in 1929

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 06/24/2020
  • Percent Of Bsmnt Finished: 70
  • Real Estate Tax: 5024
  • Type: Apartment Complex
  • Year Built: 1929
  • Lot Size Length: 325
  • Lot Size Width: 100
  • Utilities Expenses: 2500
  • Insurance Expenses: 567
  • Laundry Storage: Inside Utility, Washer/Dryer
  • Net Income: 4475
  • Projected Income: 8860
  • Rent: Negotiable, One Year Lease
  • Repairs Maint Expenses: 462
  • Total Expense: 4685
  • Total Income: 9160
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 8582
  • Basement: Poured
  • Other Income: 300

Exterior Features

  • Exterior: Steel, Stucco, Wood
  • Outside Features: Balcony, Deck

Garage/Parking

  • Parking: Parking Lot, Five To Ten Cars

Utilities

  • Cooling: Ceiling Fan, Multi Window A/C
  • Utilities: City Sewer, City Water, Gas, Steam
  • Heating: Gas, Steam, Hot Water

Fee Information

  • Rent Income: 8860

Lot Info

  • Zoning: res

Rental Info

  • Actual Income: 5625

Multi Family

  • Management Expenses: 500
  • Number Of Units: 14

Tax Info

  • Taxes: 418
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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
08/13/2021 08/13/21 Sold $275,000 0.0% $32 / Sq Ft
12/20/2020 12/20/20 Pending -- -- --
12/16/2020 12/16/20 For Sale $275,000 0.0% $32 / Sq Ft
12/12/2020 12/12/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $275,000 0.0% $32 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/17/2020 07/17/20 Price Changed $275,000 +83.3% $32 / Sq Ft
06/24/2020 06/24/20 For Sale $150,000 -- $17 / Sq Ft
Source: Range Association of REALTORS®

Agents Affiliated with this Home

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Map

Source: Range Association of REALTORS®

MLS Number: 139694

Range Association of REALTORS®
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