Great Investment opportunity, this cash flow 4plex, with a very large units. Each unit has been fresh painted and renovated. Building have three units with 3 bedrooms each and one unit with 2 bedrooms. Share coin laundry machine that generate extra income.
Closed
$710,000
2908 16th Ave S, Minneapolis, MN 55407
11beds
4baths
4,896sqft
Multi Family
Built in 1961
-- sqft lot
$714,600 Zestimate®
$145/sqft
$1,864 Estimated rent
Home value
$714,600
$657,000 - $779,000
$1,864/mo
Zestimate® history
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$4,502/mo
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Zillow last checked:
Listing updated:
Listed by:
Omar Antonio Perez Valencia 612-990-2145,
National Realty Guild
Bought with:
Ismail Harun
eXp Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6354850
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 4
Heating
- Baseboard
Appliances
- Laundry: Common Area
Features
- Basement: Finished
Interior area
- Total structure area: 4,896
- Total interior livable area: 4,896 sqft
- Finished area above ground: 2,448
- Finished area below ground: 2,448
Property
Parking
- Total spaces: 6
- Parking features: Concrete
- Carport spaces: 6
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Fencing: Chain Link
Lot
- Size: 6,534 Square Feet
- Dimensions: 54 x 123
Details
- Foundation area: 2448
- Parcel number: 3502924440046
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1961
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Allan & Andersons Add
HOA
- Amenities included: None
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $145/sqft
- Tax assessed value: $552,500
- Annual tax amount: $9,144
- Date on market: 4/19/2023
- Cumulative days on market: 175 days
- Tenant pays: Cable TV, Electricity, Gas, Insurance
Price history
| Date | Event | Price |
|---|---|---|
| 10/23/2023 | Sold | $710,000-2.1%$145/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6354850 Report a problem | ||
| 7/31/2023 | Price change | $725,000-1.9%$148/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6354850 Report a problem | ||
| 5/27/2023 | Price change | $739,000-1.3%$151/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6354850 Report a problem | ||
| 5/11/2023 | Price change | $749,000-3.9%$153/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6354850 Report a problem | ||
| 5/1/2023 | Listed for sale | $779,000+24.6%$159/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6354850 Report a problem | ||
| 9/20/2021 | Sold | $625,000+6%$128/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6014457 Report a problem | ||
| 9/17/2019 | Listing removed | $589,900$120/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5279477 Report a problem | ||
| 8/15/2019 | Price change | $589,900-1.7%$120/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5279477 Report a problem | ||
| 7/29/2019 | Listed for sale | $599,900+31.6%$123/sqft |
Source: Edina Realty, Inc., a Berkshire Hathaway affiliate #5270533 Report a problem | ||
| 5/24/2018 | Listing removed | $1,600 |
Source: Zillow Rental Manager Report a problem | ||
| 4/29/2018 | Listed for rent | $1,600 |
Source: Owner Report a problem | ||
| 5/12/2017 | Sold | $456,000+356%$93/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4811351 Report a problem | ||
| 1/21/2011 | Sold | $100,000+72.4%$20/sqft |
Source: Public Record Report a problem | ||
| 9/29/2010 | Sold | $58,000-35.6%$12/sqft |
Source: Public Record Report a problem | ||
| 10/12/1998 | Sold | $90,000$18/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,721 +5.1% | $552,500 +3.7% |
| 2024 | $9,245 +1.1% | $533,000 -7.8% |
| 2023 | $9,145 -10% | $578,000 +1.8% |
| 2022 | $10,159 +0.4% | $568,000 -5% |
| 2021 | $10,119 +0.5% | $598,000 |
| 2020 | $10,066 -0.5% | $598,000 +5% |
| 2019 | $10,119 +0.5% | $569,500 +25% |
| 2018 | $10,066 +47% | $455,500 +36.6% |
| 2017 | $6,849 +8.2% | $333,500 +15% |
| 2016 | $6,332 +11.3% | $290,000 +13.1% |
| 2015 | $5,691 +7.6% | $256,500 |
| 2014 | $5,289 -10.8% | $256,500 -5% |
| 2013 | $5,930 +131.2% | $270,000 +125% |
| 2012 | $2,565 +4.8% | $120,000 |
| 2011 | $2,447 -82.2% | $120,000 -68% |
| 2010 | $13,722 +111.9% | $375,000 |
| 2009 | $6,474 -1% | $375,000 +4.5% |
| 2006 | $6,538 +8.9% | $359,000 +10% |
| 2005 | $6,006 -4.7% | $326,500 +5.3% |
| 2004 | $6,300 -0.5% | $310,000 +17.2% |
| 2002 | $6,330 -31.3% | $264,500 |
| 2001 | $9,220 | -- |
Find assessor info on the county website
Neighborhood: East Phillips
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Nearby schools
GreatSchools rating
- NAAndersen CommunityGrades: PK-8Distance: 0.4 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 0.5 mi
- NAFolwell Arts MagnetGrades: PK-8Distance: 1 mi
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Estimated market value
$714,600
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Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$714,600
- Minnesota
- Hennepin County
- Minneapolis
- 55407
- East Phillips
- 2908 16th Ave S
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