Stand by
USDAProperties.com is verifying property eligibility...

 

 

 

$750,000   Price Analysis
USDAProperties Agent Contact Page  Agent Details  share icon     map icon  QR
2514 Lincoln St NE
Minneapolis, MN 55418
9 bed 4 bath 4,071 SqFt ($184/SqFt)
6,970SqFt lot. Built 1900
Listed 2024-04-03, Taxes $6,549
Ⓧ USDA Ineligible
due to location

near Minneapolis

The story goes

* Sale Pending *

This classic 2 story building located in Northeast Minneapolis was originally built as a meeting hall for the lumber union. This 1900's 4-plex sits nar Windom Park and steps from the bus stop. Each unit has hardwood floors, tall ceilings, its own character and layout and storage units in basement.

No two units are the same with their classic charm. Since 2012, all units have had new appliances, electrical breaker boxes, furnaces and other updates as well. Close to all windows have been re placed as well.


Presented by Amy Grafenstein at
RE/MAX Results.
Listing Agent Photo

Property MLS #6510997 from NorthstarMLS

Bedrooms: 9

Basement Features: Concrete Block, Daylight/Lookout Windows, Full

Full Bathrooms: 4

Heating Features: Forced Air
Heating Fuel: Natural Gas

Wood

Land Lease Amount Frequency: No
Lot Description: Public Transit (w/in 6 blks)
Lot Size Acres: 0.16
Lot Size Dimensions: 56.7x124.75
Lot Size Square Feet: 6970

Parking Features: On-Street Parking Only

Association: No
Association Amenities: Coin-op Laundry Owned
Calculated Total Monthly Association Fees: 0
Maintenance Expense: 593.00

Gross Income: 71940.00
Tenant Pays: Electric, Fuel

Number of Units: 4

School District: 1 - Minneapolis

Pillsbury Elementary School is a public elementary school located approximately 0.3 miles away.
directions icon Map directions

Northeast Middle School is a public middle school located approximately 0.6 miles away.
directions icon Map directions

Edison Senior High School is a public high school located approximately 0.7 miles away.
directions icon Map directions

St Charles Borromeo School is a private elementary and middle school located approximately 0.7 miles away.
directions icon Map directions

Annual Tax Amount: 8078.00
Source Listing Status: Pending
County: Hennepin
Directions: 694 S on Central- left on Lowry, left on Lincoln, 2nd house on left.
Tax Year: 2024
Source Property Type: Multi-Family
Insurance Expense: 4621.00
Source Neighborhood: Audubon Park
Owner Pays: Insurance, Lawn, Maintenance/Repair, Sewer, Snow, Taxes, Trash, Water
Parcel Number: 1202924240199
Subdivision: Tillie Matsons Add
Zoning: Residential-Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$314,800 + $70,700
$385,500
$6,549
2021$314,800 + $70,700
$385,500
$6,297
2020$279,800 + $70,700
$350,500
$6,194
2019$253,800 + $59,200
$313,000
$5,681
2018$226,300 + $61,200
$287,500
$5,272
2017$218,400 + $55,600
$274,000
$5,135
2016$205,400 + $55,600
$261,000
$5,047
2015$187,900 + $55,600
$243,500
$4,941
2014$182,400 + $55,600
$238,000
$5,197
2013$187,300 + $50,700
$238,000
$5,226
2012$132,100 + $47,900
$180,000
$4,148
2011$202,100 + $65,900
$268,000
$5,898
2010$260,600 + $65,900
$326,500
$5,809
2009$260,600 + $65,900
$326,500
$5,874
2008$277,600 + $65,900
$343,500
$5,583
2007$292,800 + $50,700
$343,500
$4,627

Listed 2024-04-03
$750,000
NorthstarMLS
Sold 2011-08-10
$172,000
NorthstarMLS
Listed 2011-05-10
$168,000
NorthstarMLS
Sold 2004-09-20
$357,250
Public Record
Sold 1999-07-06
$180,000
Public Record
Sold 1996-10-03
$42,000
Public Record
Sold 1995-10-20
$46,400
Public Record
Sold 1992-12-31
$91,351
Public Record
Sold 1992-01-06
$112,400
Public Record

Net Operating Income: 54887.00
Operating Expense: 19053.00

Total Square Feet Living: 4071
Above Grade Finished Area: 4071
Foundation Area: 1983.00
Property Age: 124
Property Condition: Previously Owned
Roof: Age Over 8 Years
Levels or Stories: 2
Total Above Grade Sqft Area: 4192.00
Total Area Main: 2209.00
Total Below Grade Area: 1983.00

Electric: Circuit Breakers
Electric Expense: 2285.00
Sewer: City Sewer/Connected
Water Sewer Expense: 3586.00
Water Source: City Water/Connected
Click Thumbnail Images To View Full Size
house_viewhouse_viewunknownunknownunknown
unknownliving_roomlaundry_roomliving_roomliving_room
kitchenkitchenbedroombedroombathroom
living_roomliving_roomkitchenkitchenbedroom
unknownbedroombedroombathroomunknown
unknownliving_roomliving_roomliving_roomlaundry_room
bedroomunknownunknownbathroombedroom
living_roomlaundry_roomliving_roomliving_roombedroom
bedroombathroomunknownlaundry_roomlaundry_room
unknownunknownunknownunknownhouse_view
house_viewunknownfloor_planfloor_planfloor_plan

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.