Closed

$425,000

187 James Ave N, Minneapolis, MN 55405

4beds

3baths

2,880sqft

Triplex

Built in 1917

-- sqft lot

$-- Zestimate^®

$148/sqft

$1,687 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,687/mo

Zestimate^® history

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What's special

For Sale we have 2 Contiguous Lots, 187 & 191 James Ave N, totaling 0.38 acres, one is a Triplex, the other is vacant land with a 2 car garage. The lots are amongst several completed and under construction development projects on or surrounding James Ave N in the Bryn Mawr Neighborhood of Minneapolis. Zoned R5 Multiple Family District with BFC4 Corridor 4 Built Form Overlay District allows MF, SF and Commercial. 86 feet of frontage along James Avenue. Multiple-Opportunity with 4 different plays. (1) Planned Unit Development; (2) Community Residential Facilities; (3) Buy & Hold; (4) Redevelop to Multi-Family or Mixed Use. James Ave N has become a revitalized area with variety of residential , office and retail completed or under construction. The Triplex has 3 Tenants, property condition is Tier 1 with many updates over the years (see supplements). Do not disturb tenants. Seller may be open to CD.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Heating

Boiler

Appliances

Laundry: In Basement, Electric Dryer Hookup, Gas Dryer Hookup

Features

Basement: Block,Full,Unfinished

Interior area

Total structure area: 2,880
Total interior livable area: 2,880 sqft
Finished area above ground: 1,824
Finished area below ground: 1,056

Property

Parking

Total spaces: 2
Parking features: Detached Garage, Gravel, Guest, Off Site, Open
Garage spaces: 2
Has uncovered spaces: Yes
Details: Garage Dimensions (26x30)

Accessibility

Accessibility features: None

Features

Levels: Two
Patio & porch: Front Porch, Rear Porch
Fencing: None

Lot

Size: 0.38 Acres
Dimensions: 86 x 215
Features: Additional Land Available, Tree Coverage - Medium
Topography: Level

Details

Foundation area: 1056
Additional parcels included: 2102924340108
Parcel number: 2102924340109
Zoning description: Business/Commercial,Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Roof: Age Over 8 Years,Asphalt

Condition

New construction: No
Year built: 1917

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Byrnes Add

HOA

Amenities included: Laundry, Porch

Location

Region: Minneapolis

Financial & listing details

Price per square foot: $148/sqft
Tax assessed value: $352,200
Annual tax amount: $5,552
Date on market: 8/21/2023
Cumulative days on market: 16 days
Tenant pays: Broadband, Cable TV
Road surface type: Paved

Price history

Date	Event	Price
9/29/2023	Sold	$425,000+7.6%$148/sqft
Source: NorthstarMLS as distributed by MLS GRID #6420614 Report a problem
9/6/2023	Pending sale	$395,000$137/sqft
Source: NorthstarMLS as distributed by MLS GRID #6420614 Report a problem
8/21/2023	Listed for sale	$395,000+900%$137/sqft
Source: NorthstarMLS as distributed by MLS GRID #6420614 Report a problem
11/5/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
10/21/2021	Listed for rent	$750
Source: Zillow Rental Manager Report a problem
3/15/2004	Sold	$39,500$14/sqft
Source: Public Record Report a problem
9/22/1997	Sold	$39,500$14/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,298 +25.9%	$352,200 +1.5%
2024	$5,002 +4.3%	$347,000 +10.5%
2023	$4,798 +18.7%	$314,000 +5%
2022	$4,044 +17.3%	$299,000 +25.1%
2021	$3,448 -7.5%	$239,000 +12.7%
2020	$3,730 +8.2%	$212,000
2019	$3,448 -7.5%	$212,000 +10.1%
2018	$3,730 +10.6%	$192,500 +16.3%
2017	$3,372 +9.4%	$165,500 +14.9%
2016	$3,081 +11.5%	$144,000 -10%
2015	$2,764 -14.1%	$160,000 +15.1%
2014	$3,216 +6.3%	$139,000
2013	$3,025 +2.9%	$139,000
2012	$2,938 -0.6%	$139,000 -5.1%
2011	$2,955 +2.8%	$146,500 -10.1%
2010	$2,874 -11.1%	$163,000 -10.3%
2009	$3,232 +66%	$181,700 +60.5%
2006	$1,947 +20.5%	$113,200 +26.8%
2005	$1,617 +18.4%	$89,300 +27.9%
2004	$1,366 +19.9%	$69,800 +21%
2002	$1,139 -52.2%	$57,700
2001	$2,384	--