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$169,999   Price Analysis
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423 Litchfield Ave SE
Willmar, MN 56201
4 bed 3 bath 1,907 SqFt ($89/SqFt)
6,970SqFt lot. Built 1922
Listed 2024-02-28, Taxes $1,074
USDA Eligible
near Willmar, MN
 

This duplex is situated on the suthea st side of Willmar and offers a unique combination of residential and investment potential.

The property consists of two units: A roomy 3-bedroom residence on the upper level and a convenient studio Airbnb on the lower level. Additionally, the property is located in an opportunity zone, which can offer potential tax benefits and incentives for investors.

Opportunity Zones are designated areas that aim to stimulate economic development and job creation. Investors in these zones may be eligible for certain tax advantages, contributing to the overall attractiveness of the property for those looking to make a real estate investment.


Presented by Jason Dowdey at
Weichert REALTORS Tower Properties (Willmar).
Listing Agent Photo

Property MLS #6495964 from NorthstarMLS

Bedrooms: 4

Basement Features: Concrete Block

Full Bathrooms: 3

Fuel Expense: 3000.00
Heating Features: Boiler
Heating Fuel: Propane

Vinyl
Road Frontage Type: City, Curbs, Paved Streets, Sidewalks, Storm Sewer, Street Lights
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Description: Tree Coverage - Medium
Lot Size Acres: 0.16
Lot Size Dimensions: 50x137
Lot Size Square Feet: 6970

Association: No
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 500.00

Gross Income: 21900.00
Tenant Pays: Trash

Number of Units: 2

School District: 347 - Willmar

Willmar Middle School is a public middle school located approximately 0.8 miles away.
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Lakeland Elementary School is a public elementary school located approximately 1.2 miles away.
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Willmar Senior High School is a public high school located approximately 2.6 miles away.
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Community Christian School is a private elementary, middle and high school located approximately 1.7 miles away.
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Annual Tax Amount: 1450.00
Source Listing Status: Active
County: Kandiyohi
Directions: From Hwy 23 head west on Hwy 12 and the duplex will be on your right at the sign.
Tax Year: 2023
Source Property Type: Multi-Family
Insurance Expense: 1800.00
Source Neighborhood: Paulson & Sundes Sub Of Eastern Ad
Owner Pays: Electric, Fuel, Lawn, Maintenance/Repair, Snow, Taxes, Water/Sewer
Parcel Number: 956300840
Subdivision: Paulson & Sundes Sub Of Eastern Ad
Zoning: Residential-Single Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$52,200 + $7,800
$60,000
$1,074
2021$48,900 + $7,800
$56,700
$1,004
2020$48,500 + $7,800
$56,300
$998
2019$45,000 + $7,800
$52,800
$940
2018$45,800 + $7,800
$53,600
$774
2017$46,200 + $7,800
$54,000
$796
2016$46,200 + $7,800
$54,000
$756
2015$46,300 + $7,800
$54,100
$674
2014$50,900 + $7,800
$58,700
$758
2013$55,500 + $7,800
$63,300
$894
2012$unknown + $40,100
$40,100
$644

Listed 2024-02-28
$169,999
NorthstarMLS
Listing removed 2020-06-06
$128,900
NorthstarMLS
Relisted 2020-05-07
$128,900
NorthstarMLS
Listing removed 2020-04-01
$128,900
NorthstarMLS
Listing removed 2020-02-03
$0
RentFeeder
Listing removed 2020-02-03
$0
RentFeeder
Listing removed 2020-01-22
$0
ShowMojo
Listing removed 2020-01-22
$0
ShowMojo
Listed for rent 2019-12-21
$1,095
RentFeeder
Listed for rent 2019-12-21
$575
RentFeeder
Listed for rent 2019-12-21
$1,095
ShowMojo
Listed for rent 2019-12-21
$575
ShowMojo
Listing removed 2019-12-20
$0
ShowMojo
Listing removed 2019-12-20
$0
ShowMojo
Listing removed 2019-12-20
$0
RentFeeder
Listing removed 2019-12-20
$0
RentFeeder
Listed for rent 2019-11-05
$1,095
RentFeeder
Listed for rent 2019-11-05
$575
RentFeeder
Listed for rent 2019-11-05
$1,095
ShowMojo
Listed for rent 2019-11-05
$575
ShowMojo
Price Changed 2019-10-04
$128,900
NorthstarMLS
Listed 2019-09-25
$139,900
NorthstarMLS
Sold 2017-04-11
$55,000
Public Record

Operating Expense: 6500.00

Total Square Feet Living: 1907
Above Grade Finished Area: 1211
BelowGradeFinishedArea: 696
Construction Materials: Frame
Foundation Area: 808.00
Property Age: 102
Property Condition: Previously Owned
Roof: Age Over 8 Years
Levels or Stories: 1
Total Above Grade Sqft Area: 1504.00
Total Area Main: 920.00
Total Below Grade Area: 808.00

Electric: 100 Amp Service, Circuit Breakers
Electric Expense: 1800.00
Sewer: City Sewer/Connected
Water Source: City Water/Connected
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.