Investment Potential for 1223 E 21st St

The property has a current estimated value of $258,325, which is 29% above the neighborhood median, based on public records. It last sold on April 15, 2016 for $144K. Projected long-term

is $24,000 annually ($2,000 per month) with a 92% occupancy rate.

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$144,000

Sold April 15, 2016

Est. Current Value
property value
This property valuation is based on proprietary algorithms utilizing publicly available market data. Whitepages’ Property Value is NOT an appraisal and should not be used in place of one. Learn More.

$258K

($248K - $268K)

29% above neighborhood median

5-Year Forecast
5-year appreciation
This is an estimate of the appreciated property value by year over the next 5 years, based on proprietary algorithms and historical market data. Actual appreciation of a property can differ materially for a variety of reasons. Learn More.

$******

View Forecast

Discover more Single Family Homes in Ventura Village.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$24,000 per year($2,000 per month)

$****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

****%View Cap Rate

Occupancy Rate

92%in 55404 zip code

View Rental Potential

Owners & Occupancy for 1223 E 21st St

This property is owned by Sherzad Fraydun Kordian. Owner contact information includes 7 phone numbers and 5 email addresses.

Occupancy

*****

View Occupancy

Appreciation Since Purchased

$114,325

Purchased April 15, 2016

Number of Owners

1

Property Owners

Sherzad Fraydun Kordian, age **

Occupation	Executive Chef, Culinaire
Cell Phone	(612) *-**View Cell Phone
Residence	***************
Landline	(612) 722-4556
Distance from Property	**********
Email Address	*************@yahoo.comView Email

View All Owner Info

Property Ownership Information

Purchase Date	April 15, 2016
Property Tax Amount	$3,002 in 2024
Purchase Price	$144,000

Occupancy

Current Occupancy	*****View Occupancy
Resident 1	***************
Resident 2	*********************** age 39
Resident 3	**********
Resident 4	************ age 68
Resident 5	*****************
Resident 6	*******************
Resident 7	**************
Resident 8	***************
Resident 9	************* age 65

Property Details for 1223 E 21st St

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity

$******

View Equity

Property Age

125 years

16 years older than neighborhood median

Property Details

Property Sq Ft

Living Area

1,136 sq ft

14% below market

Lot Size

1,742 sq ft

67% below market

Price Per Sq Ft

Living Area

$227 / sq ft

57% above market

Lot Size Area

$148 / sq ft

261% above market

Property Information

Property condition, age, exterior, etc. for 1223 E 21s…

Land & Location Information

Longitude: -93.256434 Latitude: 44.961653 Parcel Number (APN): 35-029-24-12-0053…

Mortgage & Equity Information

Mortgage originated on through lender: Pacific Union Fin'l for$******View Mortgage Details

Recommended Properties in Ventura Village

Discover more single family homes near 1223 E 21st St in Minneapolis, Minnesota. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Owned for Less Than 5 Years
$170K - $189K
Est. Value
2206 Elliot Ave, Minneapolis, MN 55404
3 beds · 1 baths · 1,392 sq ft · Last Sold: $299,900 in 2023 · Built: 1900
Owned for 25 - 50 Years
$218K - $237K
Est. Value
1834 15th Ave S, Minneapolis, MN 55404
4 beds · 1 baths · 1,469 sq ft · Last Sold: $56,000 in 1997 · Built: 1900
Owner Age 45 - 55
$253K - $275K
Est. Value
2203 Chicago Ave, Minneapolis, MN 55404
3 beds · 2 baths · 2,036 sq ft · Last Sold: $90,000 in 2012 · Built: 1900
Owned for 5 - 10 Years
$202K - $226K
Est. Value
2210 Bloomington Ave, Minneapolis, MN 55404
4 beds · 1 baths · 1,824 sq ft · Last Sold: $219,900 in 2017 · Built: 1906
Owned for Less Than 5 Years
$220K - $237K
Est. Value
2115 13th Ave S, Minneapolis, MN 55404
3 beds · 2 baths · 1,384 sq ft · Last Sold: $235,000 in 2024 · Built: 1900
Occupancy Status
$143K - $163K
Est. Value
1801 Elliot Ave Apt 10, Minneapolis, MN 55404
2 beds · 1 baths · 907 sq ft · Built: 1891
Owned for 25 - 50 Years
$262K - $295K
Est. Value
2009 Portland Ave, Minneapolis, MN 55404
3 beds · 1 baths · 1,492 sq ft · Built: 1900
Owned for 15 - 25 Years
$233K - $262K
Est. Value
2200 10th Ave S, Minneapolis, MN 55404
4 beds · 2 baths · 1,532 sq ft · Last Sold: $176,500 in 2006 · Built: 1913
High Demand Long-Term Rental
$169K - $186K
Est. Value
614 E 22nd St, Minneapolis, MN 55404
4 beds · 1 baths · 1,327 sq ft · Last Sold: $54,000 in 2013 · Built: 2003
Owned for 10 - 15 Years
$218K - $238K
Est. Value
2303 11th Ave S, Minneapolis, MN 55404
3 beds · 2 baths · 1,328 sq ft · Last Sold: $70,000 in 2011 · Built: 1986
High Demand Long-Term Rental
$176K - $191K
Est. Value
2314 16th Ave S, Minneapolis, MN 55404
3 beds · 1 baths · 1,268 sq ft · Last Sold: $583,170 in 1997 · Built: 1900
Owner Age 45 - 55
$91.8K - $97.7K
Est. Value
1824 Elliot Ave Apt 103, Minneapolis, MN 55404
1 beds · 1 baths · 650 sq ft · Built: 1928
Owner Age 45 - 55
$89.2K - $95K
Est. Value
1824 Elliot Ave Apt 9, Minneapolis, MN 55404
1 beds · 1 baths · 625 sq ft · Built: 1928
High Demand Long-Term Rental
$189K - $210K
Est. Value
2216 11th Ave S, Minneapolis, MN 55404
4 beds · 1 baths · 1,306 sq ft · Last Sold: $232,000 in 2021 · Built: 1900
Owner Age 55 - 65
$165K - $187K
Est. Value
1001 E 19th St, Minneapolis, MN 55404
2 beds · 1 baths · 1,672 sq ft · Built: 1900
Owned for 5 - 10 Years
$287K - $320K
Est. Value
1112 E 19th St, Minneapolis, MN 55404
4 beds · 1 baths · 1,256 sq ft · Last Sold: $105,000 in 2017 · Built: 1900
Owned for 25 - 50 Years
$155K - $172K
Est. Value
2216 13th Ave S, Minneapolis, MN 55404
2 beds · 1 baths · 984 sq ft · Last Sold: $46,000 in 1995 · Built: 1986
Occupancy Status
$146K - $166K
Est. Value
1811 Elliot Ave Apt 4, Minneapolis, MN 55404
2 beds · 1 baths · 952 sq ft · Built: 1891
High Demand Long-Term Rental
$159K - $189K
Est. Value
1807 Elliot Ave Apt 9, Minneapolis, MN 55404
3 beds · 1 baths · 956 sq ft · Built: 1891
High Demand Long-Term Rental
$129K - $138K
Est. Value
1835 Park Ave Apt 2, Minneapolis, MN 55404
2 beds · 1 baths · 944 sq ft · Last Sold: $175,000 in 2021 · Built: 1908

Market Benchmarks

Compare data for 1223 E 21st St in Hennepin County to the median in the neighborhood area and surrounding markets, where available.

View neighborhood benchmarks

Property

Neighborhood

Difference

State

Difference

$258,325

$200,179

$58,146 (29%)

$306,922

-$48,597 (-16%)

$******

$********

$***** (****%)

$381,663

-$107,292 (-28%)

YoY Price Change

—

Year Built

1900

1916

-16 years

1972

-72 years

Living Space

1,136 sq ft

1,328 sq ft

-192 (-14%)

1,644 sq ft

-508 (-31%)

$ Per Living Sq Ft

$227

$145

$83 (57%)

$187

$41 (22%)

Lot Size

1,742 sq ft

5,227 sq ft

-3485 (-67%)

11,705 sq ft

-9963 (-85%)

$ Per Lot Sq Ft

$148

$41

$107 (261%)

$29

$119 (403%)

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$***** (****%)

$18,922

-$3,019 (-16%)

Annual Revenue

$24,000

$26,400

-$2,400 (-9%)

$28,200

-$4,200 (-15%)

$****

$******

$*** (****%)

$9,056

-$959 (-11%)

Net Operating Income

$*****

$***** (****%)

$18,922

-$3,019 (-16%)

Cap Rate

****%

—

5.91%

—

View Neighborhood Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

Property Condition	*******View Condition
Property Type	Single Family Home
Total Bedrooms	3
Total Bathrooms	1
Year Built	1900
Building Sq Ft	1,136 sq ft
Lot Size	0 Acres
Living Space	1,136 sq ft
Ground Floor	696 sq ft
Basement	720 sq ft
Heating / Fuel	Forced Air
Roof Covering	Asphalt
Garage	Garage

Loan Amount	$******
Lender	Pacific Union Fin'l
Origination Date	November 23, 2019
Interest Rate	****%
Term	30 Years
Rate Type	Fixed
Est Balance	$********
Due Date	*****************
Equity	View Equity

APN	35-029-24-12-0053
Census Tract	1060002006
Municipality	Minneapolis
County	Hennepin
Subdivision	Eliots Add
Zoning	R2B
Neighborhood	Ventura Village
Longitude / Latitude	-93.256434 / 44.961653
Lot Size	1,742 sq ft

1223 E 21st St Minneapolis, MN 55404

property value

$258,325

neighborhood valuation

$200,179

market valuation

$207,717

investment intelligence

Investment Potential for 1223 E 21st St

rental income

property appreciation

Last Sale Amount

$144,000

property value

$258K

($248K - $268K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 1223 E 21st St

Occupancy

Appreciation Since Purchased

$114,325

Number of Owners

1

Property Owners

Sherzad Fraydun Kordian, age **

Property Ownership Information

Occupancy

Property Details for 1223 E 21st St

Estimated Mortgage Balance

Estimated Equity

$******

Property Age

125 years

Property Details

Property Sq Ft

Living Area

Lot Size

Price Per Sq Ft

Living Area

Lot Size Area

Property Information

Land & Location Information

Mortgage & Equity Information

Recommended Properties in Ventura Village

$170K - $189K

Est. Value

2206 Elliot Ave, Minneapolis, MN 55404

3 beds · 1 baths · 1,392 sq ft · Last Sold: $299,900 in 2023 · Built: 1900

$218K - $237K

Est. Value

1834 15th Ave S, Minneapolis, MN 55404

4 beds · 1 baths · 1,469 sq ft · Last Sold: $56,000 in 1997 · Built: 1900

$253K - $275K

Est. Value

2203 Chicago Ave, Minneapolis, MN 55404

3 beds · 2 baths · 2,036 sq ft · Last Sold: $90,000 in 2012 · Built: 1900

$202K - $226K

Est. Value

2210 Bloomington Ave, Minneapolis, MN 55404

4 beds · 1 baths · 1,824 sq ft · Last Sold: $219,900 in 2017 · Built: 1906

$220K - $237K

Est. Value

2115 13th Ave S, Minneapolis, MN 55404

3 beds · 2 baths · 1,384 sq ft · Last Sold: $235,000 in 2024 · Built: 1900

$143K - $163K

Est. Value

1801 Elliot Ave Apt 10, Minneapolis, MN 55404

2 beds · 1 baths · 907 sq ft · Built: 1891

$262K - $295K

Est. Value

2009 Portland Ave, Minneapolis, MN 55404

3 beds · 1 baths · 1,492 sq ft · Built: 1900

$233K - $262K

Est. Value

2200 10th Ave S, Minneapolis, MN 55404

4 beds · 2 baths · 1,532 sq ft · Last Sold: $176,500 in 2006 · Built: 1913

$169K - $186K

Est. Value