722 E 3rd St Duluth, MN 55805
East Hillside NeighborhoodEstimated payment $1,614/month
About This Home
Discover the perfect blend of historic character and modern industrial design in this unique up-and-down duplex. Situated in a prime area for rentals in Duluth near hospitals, bus lines, and downtown, this property is an ideal addition to a portfolio or a perfect owner-occupy opportunity. Step into the lower unit a 1 bedroom, 1 bath completely reimagined main-level unit, where classic Duluth architecture meets a modern open-concept layout with a stunning industrial/unfinished aesthetic. Honestly with the exposed brick, industrial aesthetic, and the high ceilings it feels like it could be a New York City style artists loft. The upper-level unit offers a well-maintained, classic apartment layout that is both clean, spacious and freshly painted since purchase. Unit provides a comfortable living environment and is currently occupied by a reliable tenant, ensuring immediate rental income for the new owner. While it retains its original charm, the space is move-in ready and serves as a perfect complement to the modern industrial main floor. Upper unit rents as a 2 bedroom, but unit has a 3rd bedroom currently being used as its laundry room complete with new washer/dryer. A new owner could move these machines to the basement (there are hookups) if a 3rd br is desired for a higher ROI. Both units can access the lower level walk-out through back hallway/stairway. Basement area has a tuck under parking space, loads of storage, a 1/2 bath, and possibly future potential to reimagine the space. The backyard space received a fresh update by removing some unneeded trees, (helped view from units, can now peek a boo Lake Superior) adding a new deck, fence, & new sod. Making this area a plus for tenants as a back yard space, or kept as a private yard for a owner occupant buyer. Whether you are a owner occupant looking for your 1st home/rental property, (live in one side, rent other) or a seasoned investor this property is worth the time it takes to go check out.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,370
Year Built
- Built in 1891
Lot Details
- 6,534 Sq Ft Lot
- Lot Dimensions are 25 x 140
Parking
- 1
Property Views
- Lake
- Limited
Home Design
- Flat Roof Shape
- Rubber Roof
Interior Spaces
- 2-Story Property
Kitchen
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Laundry
- Dryer
- Washer
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 010383009810
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,370 | $197,400 | $12,700 | $184,700 |
| 2023 | $2,370 | $171,300 | $15,200 | $156,100 |
| 2022 | $2,884 | $157,600 | $14,000 | $143,600 |
| 2021 | $2,178 | $142,400 | $13,000 | $129,400 |
| 2020 | $2,044 | $109,700 | $11,200 | $98,500 |
| 2019 | $2,028 | $99,900 | $10,200 | $89,700 |
| 2018 | $1,880 | $99,900 | $10,200 | $89,700 |
| 2017 | $1,650 | $98,500 | $10,200 | $88,300 |
| 2016 | $1,606 | $48,700 | $18,200 | $30,500 |
| 2015 | $1,637 | $86,500 | $22,900 | $63,600 |
| 2014 | $1,637 | $86,500 | $22,900 | $63,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/09/2026 03/09/26 | Pending | -- | -- | -- | |
| 03/06/2026 03/06/26 | For Sale | $265,000 | +14.2% | $117 / Sq Ft | |
| 05/07/2024 05/07/24 | Sold | $232,000 | +19.0% | $88 / Sq Ft | View Prior Sale |
| 03/18/2024 03/18/24 | Pending | -- | -- | -- | |
| 03/13/2024 03/13/24 | For Sale | $195,000 | -- | $74 / Sq Ft |
Source: Lake Superior Area REALTORS®
MLS Number: 6123912
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Ask me questions while you tour the home.