525 W 4th Street, Duluth, MN 55806 (MLS# 7028930)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1883
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 781
Above Ground SqFt: 1500
Below Grd Total SqFt: 781
Total SqFt: 2281
Foundation Size: 781
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1562.00
Lot Dimensions: 50x150x50x150
Acres: 0.08
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Full Construction Materials: Stone Construction Status: Previously Owned Electric: 100 Amp Service Exterior: Aluminum Siding; Wood Fencing: None Foundation: Stone Fuel: Natural Gas Heating: Forced Air Internet Options: Cable; Fiber Optic; Satellite Lock Box Type: Combo Lot Description: Tree Coverage - Light Owner Pays: Fuel; Gas; Maintenance/Repair; Sewer; Taxes; Water Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Telephone Unit 1 Amenities: Porch Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Dining Room Description: Eat In Kitchen Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 265000
ListPrice: 265000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 525
Street Direction Prefix: W
Street Name: 4th
Street Suffix: Street
Postal City: Duluth
County: St. Louis
State: MN
Zip Code: 55806
Complex/Dev/Subdivision: Duluth Proper Third Div

Assessments

Tax With Assessments: 2612
Assessment Balance: 0

Basement

Foundation Dimensions: 36x22
Full: Yes

More Information

Building Information

Finished SqFt Above Ground: 1562

Income and Expenses

Annual Gross Income: 31200
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: SPAAR
Combo: Yes

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Unit 1

Furnished?: No
Leased?: No
Unit Number: Yes
Annual Rent: 15600
Finished SqFt: 781
Full Baths: Yes
Monthly Rent: 1300
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 2

Furnished?: No
Leased?: No
Unit Number: 2
Annual Rent: 15600
Finished SqFt: 781
Full Baths: Yes
Monthly Rent: 1300
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 2

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: E1/2
Listing City: Duluth
Map Page: 999
Municipality: Duluth
School District: Duluth
School District Phone: 218-336-8700
Zip Plus 4: 4608
Property ID Number: 010127003690
Tax Year: 2025
Tax Amount: 2612
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: How about 3 lots for the price of 1. This duplex was recently rented for $1,200 (Upper Unit) & $1,300 (Lower Unit). Next cycle would be $1,300 each unit. Good cash flowing property with 3 PID's. Perhaps the city would allow you to build a three tiered row house with a zero lot line. Great location for this income producing duplex. Good views of Lake Superior and the bay. Backyard and side yard available for use. Tenants pay for utilities electric, heat and garbage. Hot water heater is 2019. Off street parking for 2 vehicles. Both units currently vacant & ready to rent.
Directions: I35 to N Lake Ave, go West to 4th Street, Go South to property.

Accessible

None: Yes

Assumable Loan

Not Assumable: Yes

Construction Materials

Stone: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes

Exterior

Aluminum Siding: Yes
Wood: Yes

Fencing

None: Yes

Foundation

Stone: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Internet Options

Cable: Yes
Fiber Optic: Yes
Satellite: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Fuel: Yes
Gas: Yes
Maintenance/Repair: Yes
Sewer: Yes
Taxes: Yes
Water: Yes

Patio, Porch and Deck Features

Front Porch: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Telephone: Yes

Unit 1 Amenities

Porch: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes