SOLD JUL 29, 2025

622 3rd Ave NW East Grand Forks, MN 56721

6 Beds
4 Baths
3,016 Sq Ft
5,250 Sq Ft Lot

Recently Sold

260 Days on Market

About This Home

As of July 2025

This charming four-plex apartment complex presents a fantastic investment opportunity, It's recent repairs enhance its appeal and functionality. It has a new roof, newer windows, and a fully remodeled unit! With its strategic location and the benefit of all of the units currently being rented out, it offers the potential for significant rental income and long term growth!

Last Agent to Sell the Property

Taylor Olschlager

RE/MAX Grand License #11663 Listed on: 10/09/2024

RE/MAX Grand

Last Buyer's Agent

Taylor Olschlager

RE/MAX Grand License #11663 Listed on: 10/09/2024

RE/MAX Grand

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,536

Year Built

  • Built in 1975

Lot Details

  • 5,250 Sq Ft Lot
  • Lot Dimensions are 140x37.50

Parking

  • 2 Car Detached Garage

Interior Spaces

  • 3,016 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Community Details

  • 4 Units
  • Insurance Expense $307

Listing and Financial Details

  • Assessor Parcel Number 830106600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,536

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Lot Size: 140x37.50
  • Property Sub Type: Multi Family
  • Prop. Type: MultiFamily
  • Year Built: 1975
  • Expenses Tax And Specials Exp: 382.33
  • Income Scheduled Rent: 4402
  • Income Vacancy Percent: 0%
  • Lot Size Acres: 0.12
  • Above Grade Finished Sq Ft: 3016.0
  • Architectural Style: 2 Story
  • Carport Y N: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 6

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage Type: Detached
  • General Property Information:Garage Stalls: 2.0

Lot Info

  • Parcel #: 830106600
  • Zoning: A-1 Limited Development
  • Lot Size Sq Ft: 5250.0

Multi Family

  • Operating Expenses Insurance: 306.67
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4536.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 2024
Sold by
Rustad Mark
Bought by
Loca-Vore Wisconsin Llc
Current Estimated Value
$270,311

Purchase Details

Closed on
Nov 5, 2010
Bought by
Rustad Anthony
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Deed $275,000 --
Deed $145,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2025 07/29/25 Sold -- -- --
06/26/2025 06/26/25 Pending -- -- --
06/03/2025 06/03/25 Price Changed $299,700 -7.4% $99 / Sq Ft
05/08/2025 05/08/25 Price Changed $323,800 -6.8% $107 / Sq Ft
02/06/2025 02/06/25 Price Changed $347,500 -8.6% $115 / Sq Ft
12/06/2024 12/06/24 Price Changed $380,000 -9.1% $126 / Sq Ft
11/18/2024 11/18/24 Price Changed $418,000 -6.1% $139 / Sq Ft
10/09/2024 10/09/24 For Sale $445,000 -- $148 / Sq Ft
Source: Grand Forks Area Association of REALTORS®

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
2024 $3,932 $225,400 $33,100 $192,300
2023 $4,588 $264,600 $13,200 $251,400
2022 $4,264 $234,300 $13,200 $221,100
2021 $4,160 $214,700 $13,200 $201,500
2020 $4,064 $214,700 $13,200 $201,500
2019 $4,140 $213,600 $13,200 $200,400
2018 $3,884 $216,400 $13,200 $203,200
2017 -- $203,600 $10,600 $193,000
2016 $3,280 $194,400 $10,600 $183,800
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2012 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2025

    Taylor Olschlager

    RE/MAX

    (701) 410-6598

    1 in this area

    4 Total Sales

    Taylor Olschlager
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Map

Source: Grand Forks Area Association of REALTORS®

MLS Number: 24-1725

Grand Forks Area Association of REALTORS®

APN: 83.01066.00

Minnesota Polk County East Grand Forks 56721

622 3rd Ave NW, East Grand Forks, MN

Sold

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