NOT LISTED FOR SALE

9 & 15 Schmitz St Adams, MN 55909

Estimated Value: $162,000 - $198,000

7 Beds
6 Baths
3,849 Sq Ft
$47/Sq Ft Est. Value

Last Sold May 15, 2025

Last sale price $195,000 $51 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,312/month

230 Days on Market

Highlights

  • Corner Lot
  • Patio
  • Forced Air Heating System
  • 5 Car Attached Garage

About This Home

As of May 2025

Discover a prime investment opportunity with this 4-plex located in Adams. This versatile property features a mix of residential units designed for easy living and consistent rental income. Included is a 3-bedroom house, 2 – 1 bedroom efficiency apartments and a 2-bedroom apartment. Each unit boasts its own garage space, ensuring parking and storage for each unit. Tenants will also enjoy backyard patio spaces. This property offers the essential amenities for straightforward living, making it an attractive option for prospective renters and an excellent addition to any real estate portfolio.

Last Agent to Sell the Property

Courtney Hackensmith

Dwell Realty Group LLC Listed on: 09/03/2024

Last Buyer's Agent

Luke Miller

Minnesota First Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • Corner Lot
  • Additional Parcels

Parking

  • 5 Car Attached Garage

Home Design

  • Quadruplex
  • Bi-Level Home
  • Metal Roof

Interior Spaces

  • Unfinished Basement
  • Partial Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Patio

Utilities

  • Forced Air Heating System
  • Boiler Heating System

Community Details

  • 4 Units

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for sewer, trash collection
  • Assessor Parcel Number 210050165

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Parking

5

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Garage Spaces: 5
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1961
  • Above Grade Finished Sq Ft: 3449
  • Water Sewer Expenses: 1245.92
  • Unit Levels: Split Entry (Bi-Level)
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Unfinished
  • Living Area: 3849
  • Below Grade Finished Sq Ft: 400
  • Owner Pays: Sewer, Trash Collection
  • Basement YN: Yes
  • Amenities: Patio
  • Appliances: Range
  • Number Of Fireplaces: 0
  • Total Rooms: 9
  • Appliances: Range
  • Total Rooms: 4
  • Appliances: Range
  • Total Rooms: 4
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 7

Exterior Features

  • Roof: Metal
  • PatioPorchType: Patio

Garage/Parking

  • Parking Features: Attached Garage
  • Garage Square Feet: 1524

Utilities

  • Heating: Boiler, Forced Air
  • Sewer: City Sewer/Connected
  • Electric: Circuit Breakers
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

  • Junior High Dist: Southland
  • SchoolDistrictNumber: 500
  • SchoolDistrictPhone: 507-582-3283

Lot Info

  • Topography: Level
  • Lot Size: .31
  • Land Lease: No
  • Lot Features: Corner Lot
  • Additional Parcels Description: 210050160
  • Additional Parcels: Yes
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick/Stone, Steel Siding
  • Units Total: 4

Rental Info

  • Expenses: 8950.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: 210050165
  • Tax Annual Amount: 5180
  • TaxWithAssessments: 6664.0000

Multi Family

  • TenantPays: Electricity
  • Resident Manager Expense: 2396
  • Number Of Refrigerators: Four

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 15, 2009
Sold by
Annabelle Retterath Trust
Bought by
The Annabelle Retterath Credit Trust
Current Estimated Value
$181,547
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
The Annabelle Retterath Credit Trust -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2025 05/15/25 Sold $195,000 -9.3% $51 / Sq Ft
04/21/2025 04/21/25 Pending -- -- --
04/10/2025 04/10/25 Price Changed $215,000 -10.4% $56 / Sq Ft
11/07/2024 11/07/24 Price Changed $240,000 -4.0% $62 / Sq Ft
10/03/2024 10/03/24 Price Changed $250,000 -7.4% $65 / Sq Ft
09/03/2024 09/03/24 For Sale $270,000 -- $70 / Sq Ft
Source: NorthstarMLS

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
2025 $4,130 $162,000 $30,000 $132,000
2024 $4,130 $157,100 $30,000 $127,100
2023 $4,152 $173,500 $30,000 $143,500
2022 $4,666 $153,800 $30,000 $123,800
2021 $4,342 $142,400 $16,900 $125,500
2020 $3,944 $126,700 $16,900 $109,800
2018 $1,134 $101,500 $16,900 $84,600
2017 $2,268 $0 $0 $0
2016 $2,066 $0 $0 $0
2015 $676 $0 $0 $0
2012 $676 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6596415

NorthstarMLS

APN: 21-005-0165