$199,900

720 N German St New Ulm, MN 56073

Estimated payment $1,281/month

Total Views 4,091
5 Beds
3 Baths
2,928 Sq Ft
$68 Price per Sq Ft

Highlights

  • Deck
  • Woodwork
  • Ceiling Fan
  • Wood Flooring
  • Forced Air Heating System
  • 4-minute walk to Johnson Baseball Park

About This Home

Cash flowing triplex in New Ulm now available. Original hardwood floors, shared washer and dryer accessible to all units on main level. Plenty of potential off street parking in back of property accessed thru alley. Upper unit rents for $925, main level $850. Lower level is a large efficiency with walk out floor plan. It is currently owner occupied but in past rented for $600. Owner currently pays for all utilities.

Listing Agent

Sonja Zoet

REAL BROKER, LLC License #40571335 Listed on: 07/19/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,121

Year Built

  • Built in 1939

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 50x165
  • Few Trees

Home Design

  • Triplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,928 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Ceiling Fan
  • Wood Flooring
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Finished Basement

  • Walk-Out Basement
  • Block Basement Construction
  • Natural lighting in basement

Outdoor Features

  • Deck

Location

  • Ground Level
  • Lower Level
  • Upper Level

Utilities

  • Forced Air Heating System
  • Gas Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Month-to-Month Lease Term
  • Assessor Parcel Number 00100103309070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,121

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Triplex
  • Assessment Balance: 673
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 1200
  • L V T Date: 07/20/2025
  • Mechanicals: Water Heater - Gas
  • Parcel Number: 00100103309070
  • Price Per Square Foot: 63.91
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 2794
  • Percentage Of Ownership: 100
  • Estimated Number of Acres: 0.19
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Basement Features: Daylight/Lookout Windows, Finished, Walkout
  • Basement Material: Concrete Block
  • Basement Style: Walk-out
  • Finished Above Grade Sq Ft: 1928
  • Total Fin Square Footage: 2928
  • Total Square Footage: 3128
  • Below Grade Finished Sq Ft: 1000

Exterior Features

  • Frontage Road: City, Curb/Gutters, Sidewalk
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles
  • Exterior Amenities: Deck

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Schools

  • School District: New Ulm #88

Lot Info

  • Lot/Land Description: Tree Coverage - Light, Paved Streets
  • Estimated Lot Dimensions: 50x165

Rental Info

  • Type of Tenancy: Month to Month, One Year Lease

Building Info

  • Year Built: 1939

Tax Info

  • Year: 2025
  • Tax Value: 2121

MLS Schools

  • School District: New Ulm #88

Map

Range of Values:

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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 $2,794 $123,200 $31,500 $91,700
2023 $2,794 $118,600 $31,500 $87,100
2022 $1,566 $94,400 $27,400 $67,000
2021 $1,504 $76,200 $27,400 $48,800
2020 $1,492 $74,300 $27,400 $46,900
2019 $1,464 $73,300 $27,400 $45,900
2018 $2,026 $73,100 $27,400 $45,700
2017 $1,872 $95,400 $27,400 $68,000
2016 $1,884 $89,199 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2025 07/19/25 For Sale $199,900 +37.9% $68 / Sq Ft
08/16/2021 08/16/21 Sold $145,000 -9.3% $50 / Sq Ft
06/23/2021 06/23/21 For Sale $159,900 -- $55 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Purchase History

Date Type Sale Price Title Company
Warranty Deed $145,000 None Available
Deed $145,000 --
Source: Public Records

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Source: REALTOR® Association of Southern Minnesota

MLS Number: 7038126

REALTOR® Association of Southern Minnesota

APN: 00100103309070