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1901 Minnehaha Avenue

1901 Minnehaha Avenue, Minneapolis, MN 55404
Property in Seward
Sold Jul 12, 2021
Transfer
$8,618,000 by Northmarq Capital Llc
Mortgage Due Aug 01, 2031
Sold Jul 12, 2021
$6,420,000
$8,618,000 by Northmarq Capital Llc
Mortgage Due Aug 01, 2031
1901 Minnehaha Avenue has been categorized by the local assessors in Minneapolis, MN as a residential type of property. The building on the property was first built in 1970 and is 54 years old. The building has a total of 5 stories. In addition, 1901 Minnehaha Avenue has 48,192 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,750 ft and across the front of the lot is 1,580 ft. The area measurement of the land has been determined as 50,965 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. The building has a flat style roof made of tar and gravel. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a hot water heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Prior to that sales transaction, the property was sold for $6,420,000 in Jul 6, 2021. Current property owners are expected to pay $175,201 in taxes per year. The property on 1901 Minnehaha Avenue was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $10,544,000. To break that down further, the land itself was valued at $655,800. While improvements to the property were assessed at a total of $9,888,200. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Bedroom Count: 0
  • Building Condition: Average
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 5
  • Living Units: 66
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 50,965
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 1,580
  • Total Building Area: 118,224
  • Gross Building Area: 118,224
  • Building Area: 118,224
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 48,192
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MURPHYS ADDN TO MPLS
  • Land Acres: 1.17
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: 027 MURPHYS ADDN TO MPLS LOTS 8 AND 9, AND THAT PART OF LOT 10 AND THAT PART OF THE WEST 1/2 OF THE WEST 1/3 OF LOTS 5, 6,

Ownership

  • Current Owner : 1901 PARTNERS LLC
  • Previous Owner : MCGUIRE MICHAEL D
  • Previous Owner 2: DAVID C MCGUIRE REVOCABLE TRUS
  • Owner Before Previous Owner: MCGUIRE MICHAEL
  • Owner Before Previous Owner 2: MCGUIRE KIRSTIN C
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Minneapolis Public School District
  • School Tax School District: MINNEAPOLIS
  • Census Tract: 106200

Zoning

  • Zoning: R6

Geography

  • Assessors Map Reference: MB:11880
  • District: 01
  • Parcel: 25-029-24-33-0238
  • Block: 27
  • Lot: 5-10
  • Meridian: SEC 25 QTR 33 TWN 029 RNG 24
  • Municipality: MINNEAPOLIS
  • Latitude: 44.9643
  • Longitude: -93.2452

    Address

  • Full Address: 1901 Minnehaha Ave
  • Address - House Number: 1901
  • Address - Street Name: Minnehaha
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C016
  • 4-Digit Zip Code: 2264
  • Zip Code: 55404

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $175,201

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $17,236,000
  • First Open Lien Mortgage Lender: NORTHMARQ CAPITAL LLC
  • First Open Lien Mortgage Recording Date: Jul 12, 2021
  • First Open Lien Mortgage Loan Amount: $8,618,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2031
  • Second Open Lien Mortgage Lender: NORTHMARQ CAPITAL, LLC
  • Second Open Lien Mortgage Recording Date: Jul 08, 2021
  • Second Open Lien Mortgage Loan Amount: $8,618,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: Aug 01, 2031

    Market Valuation

  • Market Total Value: $10,544,000
  • Market Land Value: $655,800
  • Market Improvement Value: $9,888,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $10,544,000
  • Assessed Land Value: $655,800
  • Assessed Improvements Value: $9,888,200

    Sales

  • Current Sale Contract Date: Jul 06, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Transaction ID: 11842135415
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: A10979851
  • Previous Sale Recording Date: Jul 12, 2021
  • Previous Sale Contract Date: Jul 06, 2021
  • Previous Sale Amount: $6,420,000
  • Previous Sale Document Type: Limited Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: NORTHMARQ CAPITAL LLC
  • Previous Mortgage Transaction Date: Jul 12, 2021
  • Previous Mortgage Loan Amount: $8,618,000
  • Previous Mortgage Term: 120
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Aug 01, 2031

About Longfellow



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Frequently Asked Questions

What neighborhood is 1901 Minnehaha Avenue located in?
The 1901 Minnehaha Avenue is a located in the neighborhood of Seward in Longfellow, Minneapolis.
What is the average sales price for listings in 1901 Minnehaha Avenue?
The average sales price for units in 1901 Minnehaha Avenue is $0 currently.

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