Owner
$403,753
5116 31ST AVE S, MINNEAPOLIS, MN
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
4
baths
2
sq. ft.
1,286
property type
Single Family Residential
hoa
Yes
About
Residential
Building Quality D
Average Condition
Living Area
Detached Garage
1.5 Stories
Unspecified Basement
Forced Air Unit
Wood
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1923
Building Size
1,286 sq ft
Lot Size
5,227 sq ft
Lot Size (Acres)
0.12 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
13-028-24-41-0207
County
Hennepin County, Minnesota
Metro Area
Minneapolis-St. Paul-Bloomington, MN-WI
Zoning
R1A
Neighborhood/Subdivision
THORPE BROS FRANKLIN STEELE GROVE
Lot Number
5
School District
Minneapolis Public School District
Legal Description
LOT 005 BLOCK 008 A THORPE BROS FRANKLIN STEELE GROVE 40.00 X 127.00
Tax & Value Information
Market Value (Total)
$356,000
Building Value
$216,000
Land Value
$140,000
Annual Property Tax
$4,577
Tax Assessment Year
2024
Assessed Value
$356,000
Last Assessment Year
2023
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
8/3/2021
Recording Date
8/6/2021
Sales Document #
2021.10999966
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$227,582
Average Price per Sq.Ft.: $176.97
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$15,623
Return on Investment
15.60%
After Repair Value
$444,128
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
Show Advanced Options
Analysis Details
Purchase Price
$363,378
Renovation Cost
$20,188
Closing Costs (buying)
$7,268
Holding Costs
$11,025
Selling Costs
$26,648
Total Investment
$100,131
After Repair Value (ARV)
$444,128
Total Costs
$428,505
Estimated Profit
$15,623
Cash Invested
$92,863
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
Lk Nokomis Community-Wenonah Campus
Elementary
5625 23rd Avenue South, MN
0.26 miles away
Lk Nokomis Community-Keewaydin Campus
Elementary, Middle
5209 30th Avenue South, MN
0.26 miles away
Roosevelt High School - Sws
B
High
4029 South 28th Avenue, MN
0.59 miles away
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Family-Friendly
Walkability
Excellent
(30 POIs within 1mi)
Amenities Within 0.5mi
14
locations
Schools Within 1mi
9
schools
Area Class
C
class
Investor Insight
This is a family-friendly area with 30 amenities within 1 mile.
The area has a good concentration of nearby amenities.
Key features for tenant appeal:
Schools Nearby
Public Transit
Recreation
Map Filters
Key Amenities in the Area
Keewaydin Elementary School
0.1 mi • Education
Keewaydin Park
0.2 mi • Recreation
McDonald's Liquor and Wine
0.3 mi • Adult Entertainment & Liquor
Speedway
0.3 mi • Automotive & Industrial
Oxendale's Market Minneapolis
0.3 mi • Essential Services
Minneapolis Fire Station 12
0.4 mi • Emergency Services
46th St
0.8 mi • Transit