11.56% in place cap rate. Current lease expires on August 31st, 2024. 9 bedrooms and 4 bathrooms. Single Family investment. Cash flow positive. Brand new water heater, two washers, and two dryers. Solid investment property situated in a prime location steps to the U of M campus. $5,250 gross monthly.
Closed
$397,142
1065 23rd Ave SE, Minneapolis, MN 55414
9beds
3,024sqft
Single Family Residence
Built in 2003
5,227 Square Feet Lot
$399,400 Zestimate®
$131/sqft
$3,241 Estimated rent
Home value
$399,400
$367,000 - $435,000
$3,241/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Joshua J Keller 415-582-0001,
Gramercy Real Estate Group
Bought with:
Bridge Realty, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6380124
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 4
- Full bathrooms: 4
Bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Bedroom 3
- Level: Upper
Bedroom 4
- Level: Upper
Dining room
- Level: Main
Family room
- Level: Main
Kitchen
- Level: Main
Living room
- Level: Main
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Cooktop, Dishwasher, Dryer, Range, Refrigerator, Washer
Features
- Basement: Finished
Interior area
- Total structure area: 3,024
- Total interior livable area: 3,024 sqft
- Finished area above ground: 2,128
- Finished area below ground: 896
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 5,227 Square Feet
- Dimensions: 4 x 128
Details
- Foundation area: 980
- Parcel number: 1902923210218
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2003
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Glencar Add
HOA
- Has HOA: No
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $471,000
- Annual tax amount: $5,131
- Date on market: 6/1/2023
- Cumulative days on market: 65 days
Price history
| Date | Event | Price |
|---|---|---|
| 5/15/2025 | Sold | $397,142-19.8%$131/sqft |
Source: Public Record Report a problem | ||
| 4/19/2025 | Price change | $600-87.9% |
Source: Zillow Rentals Report a problem | ||
| 3/29/2025 | Listed for rent | $4,950-5.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/11/2024 | Listing removed | $5,250$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/31/2024 | Listed for rent | $5,250-4%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/17/2023 | Sold | $495,000-0.9%$164/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6380124 Report a problem | ||
| 8/8/2023 | Pending sale | $499,700$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380124 Report a problem | ||
| 6/26/2023 | Price change | $499,700-13.8%$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380124 Report a problem | ||
| 6/4/2023 | Listed for sale | $580,000+16%$192/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6380124 Report a problem | ||
| 1/9/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 10/19/2022 | Price change | $5,470-8.1%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/5/2022 | Listed for rent | $5,950$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/6/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/6/2022 | Listed for rent | $5,950$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 11/25/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/25/2021 | Listed for rent | $5,950+20.2%$2/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 2/2/2021 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #5650976 Report a problem | ||
| 1/29/2021 | Listed for sale | $499,900$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5650976 Report a problem | ||
| 1/22/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 12/23/2020 | Pending sale | $499,900+14.8%$165/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5650976 Report a problem | ||
| 11/24/2020 | Listed for rent | $4,950$2/sqft |
Source: Owner Report a problem | ||
| 2/3/2020 | Listing removed | $4,950$2/sqft |
Source: Owner Report a problem | ||
| 1/29/2020 | Price change | $4,950-8.3%$2/sqft |
Source: Owner Report a problem | ||
| 11/12/2019 | Price change | $5,400-7.7%$2/sqft |
Source: Owner Report a problem | ||
| 10/17/2019 | Listed for rent | $5,850+18.2%$2/sqft |
Source: Owner Report a problem | ||
| 12/13/2018 | Listing removed | $4,950$2/sqft |
Source: Owner Report a problem | ||
| 11/13/2018 | Listed for rent | $4,950$2/sqft |
Source: Owner Report a problem | ||
| 9/22/2005 | Sold | $435,500+691.8%$144/sqft |
Source: Public Record Report a problem | ||
| 4/7/2003 | Sold | $55,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,365 +13.9% | $471,000 +10% |
| 2024 | $5,587 +8.9% | $428,000 |
| 2023 | $5,131 +9.5% | $428,000 +15.1% |
| 2022 | $4,684 +4.2% | $372,000 +10.1% |
| 2021 | $4,497 +3.8% | $338,000 +13% |
| 2020 | $4,334 -3.6% | $299,000 |
| 2019 | $4,497 +3.8% | $299,000 |
| 2018 | $4,334 +6.1% | $299,000 +15.4% |
| 2017 | $4,086 +2.5% | $259,000 +10% |
| 2016 | $3,988 +6.5% | $235,500 |
| 2015 | $3,745 -8.1% | $235,500 |
| 2014 | $4,075 +0.8% | $235,500 +4.9% |
| 2013 | $4,042 -2.6% | $224,500 -5.1% |
| 2012 | $4,150 -10.8% | $236,500 -14.9% |
| 2011 | $4,653 +11.8% | $278,000 -5% |
| 2010 | $4,164 -11.9% | $292,500 -10% |
| 2009 | $4,727 +9.8% | $325,000 +5.2% |
| 2006 | $4,305 +9.9% | $308,800 +18.8% |
| 2005 | $3,917 +848.7% | $259,900 +1143.5% |
| 2004 | $413 +95.3% | $20,900 +30.6% |
| 2002 | $211 | $16,000 |
Find assessor info on the county website
Neighborhood: Southeast Como
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Nearby schools
GreatSchools rating
- 2/10Pillsbury Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 2.3 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 2 mi
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Estimated market value
$399,400
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Estimated market value
$399,400
- Minnesota
- Hennepin County
- Minneapolis
- 55414
- Southeast Como
- 1065 23rd Ave SE
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