Closed

$474,900

5315 Hiawatha Ln, Minneapolis, MN 55417

5beds

3baths

2,572sqft

Multi Family

Built in 1981

-- sqft lot

$514,900 Zestimate^®

$185/sqft

$2,601 Estimated rent

Home value

$514,900

$489,000 - $541,000

$2,601/mo

Zestimate^® history

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$2,601/mo

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$2,601/mo

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$3,038/mo

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$3,038/mo

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What's special

Front porchScreened rear porchIn-unit laundryFinished family roomLarge deckNewer windows

Delightful up/down duplex in the Minnehaha neighborhood. Main unit features 3BRs, 2BAs, screened rear porch and accesses the main and lower level with finished family room, office, loads of storage, laundry and the 3rd bedroom. The upper unit boasts 2 bedroom, 1 full bath, in-unit laundry and large deck and is tenant occupied Lease is $1200/month and tenant on mo-to-mo with 60 day notice. The main unit is vacant and was previously occupied by a family member. Updates include: 2 new forced-air furnaces and central ACs in 2022, 1 hot water heater for upper unit replaced in 2021, front porch/deck added in 2015, basement remodel (added 3rd bedroom and 3/4 bath) in 2015, oversized 2-car garage constructed in 2014, upper unit kitchen/bath updated in 2014. Huge 2-car garage, fenced backyard, newer windows. Perfect opportunity for the owner/occupier or to add to an investment portfolio!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3

Heating

Forced Air

Appliances

Laundry: Lower Level, In Unit

Features

Basement: Block,Egress Window(s),Finished,Full,Storage Space

Interior area

Total structure area: 2,572
Total interior livable area: 2,572 sqft
Finished area above ground: 1,748
Finished area below ground: 824

Property

Parking

Total spaces: 2
Parking features: Detached Garage, Concrete, Electric, Garage Door Opener, Storage
Garage spaces: 2
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: Two
Patio & porch: Deck, Front Porch, Patio, Rear Porch, Screened
Fencing: Chain Link,Composite,Full,Privacy,Wood

Lot

Size: 8,712 Square Feet
Dimensions: 65 x 137 x 55 x 170
Features: Near Public Transit, Tree Coverage - Medium
Topography: Level

Details

Foundation area: 874
Parcel number: 1702823330030
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Roof: Age Over 8 Years,Asphalt

Condition

New construction: No
Year built: 1981

Utilities & green energy

Electric: Circuit Breakers, 100 Amp Service, Power Company: Xcel Energy
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Hiawatha Rgt Of Lts Mathers Outlots

HOA

Amenities included: Patio

Location

Region: Minneapolis

Financial & listing details

Price per square foot: $185/sqft
Tax assessed value: $415,100
Annual tax amount: $4,688
Date on market: 7/28/2023
Cumulative days on market: 8 days
Tenant pays: Broadband, Cable TV, Electricity, Fuel
Road surface type: Paved

Price history

Date	Event	Price
9/15/2023	Sold	$474,900$185/sqft
Source: NorthstarMLS as distributed by MLS GRID #6409522 Report a problem
8/8/2023	Pending sale	$474,900$185/sqft
Source: NorthstarMLS as distributed by MLS GRID #6409522 Report a problem
7/31/2023	Listed for sale	$474,900+187.8%$185/sqft
Source: NorthstarMLS as distributed by MLS GRID #6409522 Report a problem
3/31/2014	Sold	$165,000$64/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #2156831 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,124 +15%	$415,100 -1.4%
2024	$5,323 +13.5%	$421,000 +2.9%
2023	$4,688 -7.7%	$409,000 +13.3%
2022	$5,078 +14.8%	$361,000 -2.4%
2021	$4,423 +13%	$370,000 +10%
2020	$3,915 -11.5%	$336,500 +20%
2019	$4,423 +13%	$280,500 +2.9%
2018	$3,915 +12.2%	$272,500 +35.9%
2017	$3,489 +23.3%	$200,500 +0%
2016	$2,830 -3.1%	$200,400 +1.7%
2015	$2,920 -26.8%	$197,000 +10.1%
2014	$3,988 +1.8%	$179,000
2013	$3,919 -5.1%	$179,000 -7.7%
2012	$4,129 +17.4%	$194,000
2011	$3,516 +18.7%	$194,000 -10%
2010	$2,962 -12.2%	$215,500 -10.1%
2009	$3,374 -19.3%	$239,700 +7.7%
2006	$4,184 +8.6%	$222,600 +15%
2005	$3,853 +17.1%	$193,600 +15%
2004	$3,290 +9.8%	$168,400 +12%
2002	$2,996 -52.7%	$150,400
2001	$6,328	--