Closed

$250,000

2826 Aldrich Ave N, Minneapolis, MN 55411

6beds

2baths

3,085sqft

Multi Family

Built in 1900

-- sqft lot

$288,900 Zestimate^®

$81/sqft

$1,620 Estimated rent

Home value

$288,900

$266,000 - $312,000

$1,620/mo

Zestimate^® history

Owner options

List your home for rent

$1,620/mo

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$1,620/mo

Rent Zestimate^®

Refinance and save

$1,301/mo

Est. payment

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$1,301/mo

Est. payment

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What's special

Check out this fantastic investment opportunity! This duplex offers robust cash flow potential that any investor would appreciate. With 95 percent of the rent guaranteed every month, the return on investment exceeds the one percent rule by a significant margin. Add it to your portfolio for steady income streams- it's a true "cash cow"! Perfect for owner-occupant investors looking to "house hack" - live in one unit and let the other generate income. With three bedrooms on the main level and three in the upper unit, this turn-key duplex caters to both seasoned investors and newcomers. Don't pass up on securing your financial future - schedule a viewing today!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2

Heating

Forced Air

Features

Basement: Unfinished

Interior area

Total structure area: 3,085
Total interior livable area: 3,085 sqft
Finished area above ground: 2,055
Finished area below ground: 1,030

Property

Parking

Total spaces: 3
Parking features: Detached Garage
Garage spaces: 3

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 6,970 Square Feet
Dimensions: 54 x 126

Details

Foundation area: 1030
Parcel number: 0902924440014
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Condition

New construction: No
Year built: 1900

Utilities & green energy

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

Community & HOA

Location

Region: Minneapolis

Financial & listing details

Price per square foot: $81/sqft
Tax assessed value: $227,500
Annual tax amount: $4,626
Date on market: 3/12/2024
Cumulative days on market: 5 days
Tenant pays: All Utilities

Price history

Date	Event	Price
4/25/2024	Sold	$250,000+4.2%$81/sqft
Source: NorthstarMLS as distributed by MLS GRID #6500887 Report a problem
3/12/2024	Pending sale	$239,900$78/sqft
Source: NorthstarMLS as distributed by MLS GRID #6500887 Report a problem
3/12/2024	Listing removed	--
Source: NorthstarMLS as distributed by MLS GRID #6500887 Report a problem
3/8/2024	Listed for sale	$239,900+17.9%$78/sqft
Source: NorthstarMLS as distributed by MLS GRID #6500887 Report a problem
11/20/2020	Sold	$203,500+1.8%$66/sqft
Source: NorthstarMLS as distributed by MLS GRID #5668583 Report a problem
10/2/2020	Listed for sale	$199,900+88.6%$65/sqft
Source: Creative Results #5668583 Report a problem
5/14/2001	Sold	$106,000+107.8%$34/sqft
Source: Public Record Report a problem
5/30/1997	Sold	$51,000$17/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,395 -26.6%	$227,500 -9%
2024	$4,626 -13.1%	$250,000 +15.2%
2023	$5,321 +141.7%	$217,000 +3.3%
2022	$2,202 +6.6%	$210,000 +18%
2021	$2,065 -23.9%	$178,000 +2.6%
2020	$2,713 -4.3%	$173,500 +13%
2019	$2,835 +4.5%	$153,500 +12%
2018	$2,713 +17.9%	$137,000 +31.1%
2017	$2,302 +17.6%	$104,500 -5%
2016	$1,958 -7.9%	$110,000 +20.2%
2015	$2,127 +91.4%	$91,500 +5.2%
2014	$1,111 +0.9%	$87,000
2013	$1,101 -15.6%	$87,000 -12.1%
2012	$1,304 -14.9%	$99,000 -8.3%
2011	$1,533 -4%	$108,000 -15%
2010	$1,597 -28.9%	$127,000 -24%
2009	$2,248 +57.8%	$167,000 +40.7%
2006	$1,425 +26.2%	$118,700 +25.6%
2005	$1,129 +24.6%	$94,500 +26%
2004	$906 +16.8%	$75,000 +18.7%
2002	$776 -50.3%	$63,200
2001	$1,560	--