NOT LISTED FOR SALE

723 S Lake Ave Duluth, MN 55802

Park Point Neighborhood
3 Beds
3 Baths
2,496 Sq Ft
7,841 Sq Ft Lot

Last Sold November 15, 2021

Last sale price $1,000,000 $401 Per Sq Ft

24 Days on Market

Highlights

  • RV Access or Parking
  • Deck
  • Balcony
  • Bay View
  • Wood Flooring
  • Porch

About This Home

As of November 2021

Amazing property and location! Extremely high visibility property located just 300' from the famous Aerial Lift Bridge! Commercially zoned property consists of an architecturally designed multi-use building with a full basement and parking for 8 cars. Potential of two ADA accessible residential or commercial spaces on the main level, plus a one bedroom apartment upstairs. Fantastic vacation rental potential withing walking distance of all that Canal Park has to offer, or live on the main level with a total of 3 bedrooms & 2 baths and rent out the upper level apartment that has incredible views of the bay, lake, shipping channel and bridge. Suitable for a variety of uses; let your imagination run wild with this unique Park Point opportunity!

Last Agent to Sell the Property

Ruth Rabold

Century 21 Atwood Listed on: 05/27/2021

Last Buyer's Agent

Michael Schraepfer

Heirloom Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,255

Year Built

  • Built in 1998

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot
  • Zero Lot Line

Property Views

  • Bay
  • Lake
  • Panoramic
  • City Lights

Home Design

  • Triplex
  • Poured Concrete
  • Fire Rated Drywall
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property
  • Woodwork
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • No Garage
  • Gravel Driveway
  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Balcony
  • Deck
  • Porch

Utilities

  • Baseboard Heating
  • Boiler Heating System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for electric
  • Assessor Parcel Number 010-4380-02380, bal

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,255

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Just past the Aerial Lift Bridge on the bayside of Park Point.
  • L O1 Office Phone1 Number: 218-722-8221
  • Remodeled Addition: Yes
  • Taxes With Assessments: 10280
  • Tax Year: 2021
  • View Type:Pond View: Lake Superior, Bay, Panoramic, City Lights
  • Lot Description Waterfront: No
  • Property Info:Total 34 Baths2: 1
  • Amenities3: Hardwood Floors, Natural Woodwork, Tiled Floors, Washer/Dryer Hookups, Drywalls, Patio Door
  • Amenities Exterior: Balcony, Deck, Porch
  • Appliances 1: Dishwasher, Range/Stove, Refrigerator
  • Appliances 2: Exhaust Fan/Hood
  • CondoPropertyType: Other
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2496
  • Garage Type: None
  • Heat: Baseboard, Boiler, Natural Gas
  • Laundry: 2nd Floor Laundry
  • Reso Roof: Metal
  • TotalBedrooms: 3
  • MediaType: Triplex
  • Year Built: 1998
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances 3: Dishwasher, Dryer, Exhaust Fan/Hood, Range/Stove, Refrigerator, Washer
  • Basement Features: Unfinished
  • Basement Material: Poured Concrete
  • Basement Style: Full
  • Stories: 2 Story
  • Total Bathrooms: 3
  • Total Fin Square Footage: 2496

Exterior Features

  • Road Frontage: City, Paved, Sidewalk
  • Construction Status: Previously Owned
  • Exterior: Other

Garage/Parking

  • Parking Driveway: Off Street, RV Parking, Driveway - Gravel

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Association/Amenities

  • AmenitiesOtherAmenities1: Hardwood Floors, Natural Woodwork, Tiled Floors, Drywalls
  • Association Fees Include:Amenities2: Natural Woodwork, Tiled Floors, Drywalls

Schools

  • Junior High Dist: Duluth #709

Lot Info

  • Estimated Lot Dimensions: 85' x 100' less 400 sf
  • Estimated Number of Acres: 0.18
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Lot Description: Zero Lot Line, Level
  • Parcel Number: 010-4380-02380, bal TBD

Rental Info

  • Lease Terms: Cash, Conventional
  • Tenant Expense: Electric

Tax Info

  • Tax Amount: 10255
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/15/2021 11/15/21 Sold $1,000,000 +73.9% $401 / Sq Ft
06/20/2021 06/20/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $575,000 -- $230 / Sq Ft
Source: Lake Superior Area REALTORS®

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 $15,786 $837,000 $417,200 $419,800
2023 $15,786 $815,600 $238,900 $576,700
2022 $8,722 $692,900 $201,800 $491,100
2021 $8,524 $433,000 $59,400 $373,600
2020 $6,384 $433,000 $59,400 $373,600
2019 $6,108 $314,700 $66,800 $247,900
2018 $6,094 $303,600 $66,800 $236,800
2017 $5,656 $322,100 $74,200 $247,900
2016 $5,502 $299,600 $74,200 $225,400
2015 $5,624 $233,800 $96,400 $137,400
2014 $5,624 $216,000 $107,200 $108,800
Source: Public Records

Agents Affiliated with this Home

  • Ruth Rabold

    Seller's Agent in 2021

    Ruth Rabold

    Century 21 Atwood

    (218) 722-8221

    3 in this area

    50 Total Sales

    Ruth Rabold
    Section Image

  • M

    Buyer's Agent in 2021

    Michael Schraepfer

    Heirloom Realty, LLC

    (218) 390-4317

    2 in this area

    26 Total Sales

    Michael Schraepfer
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6097143

APN: 010-4380-02380

Minnesota St Louis County Duluth 55802 Park Point

723 S Lake Ave, Duluth, MN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

IDX listing data provided by Multiple Listing Service, Inc. Information is supplied by seller and other third parties and has not been verified.

Copyright 2026 – Multiple Listing Service, Inc. – All Rights Reserved.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.