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$489,000   Price Analysis
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1917 Stevens Ave
Minneapolis, MN 55403
8 bed 4 bath 3,552 SqFt ($137/SqFt)
6,534SqFt lot. Built 1893
Listed 2024-02-23, Taxes $8,511
Ⓧ USDA Ineligible
due to location

near Minneapolis

Prime Stevens Square location.

* Sale Pending *

PRISTINE ROOF 2023 and newer boiler! Fully rented, 4 two-bedroom units. Month-to-month leases with rent per unit, $1100, $1100 and $1400/mo. One unit with full-year lease: $1375/mo started 2/24. Tenants pay for gas and electricity. The owner pays for heat/ water/trash.

Rent includes off-street parking. Easy commute to downtown. Great investment opportunity. Both south-facing units have original tile-front fireplaces, Old-world character and charm nice architectural details inclu de hardwood floors and natural woodwork around windows and doors. Potential Portfolio purchase with 1909 and 1920 Stevens Avenue, also currently lsted for sale!


Presented by Scott Belcher at
RE MAX Results.
Listing Agent Photo

Property MLS #6493618 from NorthstarMLS

Bedrooms: 8

Basement Features: Stone

Full Bathrooms: 4

Heating Features: Boiler
Heating Fuel: Natural Gas

Brick/Stone
Wood
Road Frontage Type: City, Curbs, Paved Streets, Sidewalks
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Description: Tree Coverage - Light
Lot Size Acres: 0.15
Lot Size Dimensions: 50x128
Lot Size Square Feet: 6534

Parking Features: Uncovered/Open

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 59700.00
Tenant Pays: Electric, Fuel

Number of Units: 4

School District: 1 - Minneapolis

Kenwood Elementary School is a public elementary school located approximately 1.6 miles away.
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Anwatin Middle Com & Spanish D I is a public middle school located approximately 2.2 miles away.
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North Academy Senior High is a public high school located approximately 2.5 miles away.
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Loring Nicollet Alternative School is a private high school located approximately 0.1 miles away.
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Annual Tax Amount: 7922.00
Source Listing Status: Pending
County: Hennepin
Directions: Nicollet Avenue to 19th Street, East to Stevens Avenue, South to home.
Tax Year: 2023
Source Property Type: Multi-Family
Source Neighborhood: Steven's Square - Loring Heights
Owner Pays: Lawn, Maintenance/Repair, Snow, Taxes, Trash
Parcel Number: 2702924430116
Subdivision: Replat Jackson Daniel Whitney-Blks
Zoning: Residential-Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$373,000 + $128,000
$501,000
$8,511
2021$373,000 + $128,000
$501,000
$8,185
2020$307,500 + $128,000
$435,500
$7,824
2019$285,900 + $77,100
$363,000
$6,722
2018$246,900 + $77,100
$324,000
$6,080
2017$229,900 + $70,100
$300,000
$5,768
2016$229,900 + $70,100
$300,000
$5,953
2015$209,900 + $70,100
$280,000
$5,840
2014$201,600 + $58,400
$260,000
$5,843
2013$225,100 + $44,900
$270,000
$6,101
2012$255,100 + $44,900
$300,000
$6,590
2011$255,100 + $44,900
$300,000
$6,301
2010$288,100 + $44,900
$333,000
$6,117
2009$288,100 + $44,900
$333,000
$6,190
2008$272,100 + $44,900
$317,000
$5,357
2007$282,500 + $34,500
$317,000
$5,515

Relisted 2024-03-26
$489,000
NorthstarMLS
Listing removed 2024-03-20
$0
NorthstarMLS
Price Changed 2024-03-07
$489,000
NorthstarMLS
Price Changed 2024-03-01
$499,700
NorthstarMLS
Listed 2024-02-23
$499,000
NorthstarMLS
Listing removed 2023-08-02
$0
NorthstarMLS
Relisted 2023-03-29
$699,000
NorthstarMLS
Listing removed 2023-03-23
$0
NorthstarMLS
Price Changed 2023-03-10
$699,000
NorthstarMLS
Listed 2022-09-26
$749,900
NorthstarMLS
Sold 2021-09-27
$1,234,200
Public Record
Sold 1996-10-02
$79,500
Public Record

Total Square Feet Living: 3552
Above Grade Finished Area: 3552
Construction Materials: Timber/Post & Beam
Foundation Area: 1776.00
Property Age: 131
Property Condition: Previously Owned
Roof: Age Over 8 Years, Asphalt Shingles
Levels or Stories: 2
Total Above Grade Sqft Area: 3552.00
Total Area Main: 1776.00
Total Below Grade Area: 1776.00

Electric: Circuit Breakers
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.