$299,700
PENDING

622 3rd Ave NW East Grand Forks, MN 56721

Estimated payment $2,033/month

Total Views 9,085
6 Beds
4 Baths
3,016 Sq Ft
$99 Price per Sq Ft

About This Home

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!

Listing 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

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

Property History

Date Event Price Change Sq Ft Price
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®

Purchase History

Date Type Sale Price Title Company
Deed $275,000 --
Deed $145,000 --
Source: Public Records

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Source: Grand Forks Area Association of REALTORS®

MLS Number: 24-1725

Grand Forks Area Association of REALTORS®

APN: 83.01066.00