2032 N Minneapolis St Wichita, KS 67214

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2 beds · 1 bath · 779 sq ft · Lot Size: 6,970 sq ft · Single Family Home · Power
Est. Property Value: $80,206

High Demand Long-Term RentalValued below Market MedianLarge Lot AdvantageOwned for 15 - 25 YearsOwner Age Above 75

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2032 N Minneapolis St is in the Power neighborhood of Wichita, KS. It is located in Sedgwick County and ZIP code 67214. This Single Family Home was built in 1948 and is approximately 77 years old. The single family home spans 779 sq ft with 2 bedrooms and 1 bathroom and sits on a 6970 sq ft lot. According to public records, it was last sold in 2003 and has a tax-assessed value of $41,400, which is $103 per sq ft. The Power area of Wichita has 399 residential homes with an average size of 846 sq ft. Analyze and compare real estate investment strategies for properties like this home at 2032 N Minneapolis St Wichita, KS 67214 with Property Intel by Whitepages.

2032 N Minneapolis St

Wichita, KS 67214

Owner Info

Owners & Occupancy for 2032 N Minneapolis St

This property is owned by Kenneth M Witherspoon. Owner contact information includes 2 phone numbers and 2 email addresses.

Property Owners

Cell Phone(316) ***-****View Cell Phone
Residence***********
Landline
Distance from Property**********
Email Address******@yahoo.comView Email
View All Owner Info

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************** age 72
Resident 2********************* age 76

Property Financials for 2032 N Minneapolis St

2032 N Minneapolis St, Wichita, KS has no known mortgage. The Sedgwick county assessment for 2024 values it at $41,400, with annual taxes of $455.

Property Tax

Purchase DateJune 04, 2003
Property Tax Amount$455 in 2024
Assessed Value$41,400 on 2024

Investment Potential for 2032 N Minneapolis St

The property has a current estimated value of $80,206, which is 22% below the neighborhood median, based on public records. It last sold on June 04, 2003. Projected long-term
is $10,800 annually ($900 per month) with a 75% occupancy rate.

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Long-Term

Gross Rental
$10,800 per year($900 per month)
Net Operating Income
$****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
75%in 67214 zip code
 
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Property Details for 2032 N Minneapolis St

Property Details

Property Sq Ft

Living Area

779 sq ft

8% below market

Lot Size

6,970 sq ft

0% above market

Price Per Sq Ft

Living Area

$103 / sq ft

6% below market

Lot Size Area

$12 / sq ft

23% below market

Property condition, age, exterior, etc. for 2032 N Min…
Longitude: -97.314719 Latitude: 37.720026 Parcel Number (APN): 122-10-0-22-07-007.00…

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Market Benchmarks

Compare data for 2032 N Minneapolis St in Sedgwick County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$80,206
$111,418
-$31,212 (-28%)
$******
$229,990
-$31,202 (-14%)
YoY Price Change
****%
2.96%
1291%
Year Built
1948
1946
2 years
Living Space
779 sq ft
1,056 sq ft
-277 (-26%)
$ Per Living Sq Ft
$103
$103
$0 (0%)
Lot Size
6,970 sq ft
8,276 sq ft
-1306 (-16%)
$ Per Lot Sq Ft
$12
$12
$0 (-2%)

Net Operating Income
$****
$12,462
-$4,151 (-33%)
Annual Revenue
$10,800
$16,800
-$6,000 (-36%)
$****
$4,163
-$1,674 (-40%)
Net Operating Income
$****
$12,462
-$4,151 (-33%)
Cap Rate
****%
11.11%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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