Neighborhood
2020 N Minneapolis St, Wichita, KS 67214
2 beds · 1 bath · 916 sq ft · Lot: 6,970 sq ft · Single Family Home · Built: 1950
Est. Value:
$67K
Est. Rent:
$1K/month

2020 N Minneapolis St Wichita, KS 67214

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2 beds · 1 bath · 916 sq ft · Lot Size: 6,970 sq ft · Single Family Home · Power
Est. Property Value: $66,954

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2020 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 1950 and is approximately 75 years old. The single family home spans 916 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 2008 and has a tax-assessed value of $33,900, which is $73 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 2020 N Minneapolis St Wichita, KS 67214 with Property Intel by Whitepages.

Investment Potential for 2020 N Minneapolis St

The property has a current estimated value of $66,954, which is 15% below the neighborhood median, based on public records. It last sold on February 22, 2008. Projected long-term
is $12,000 annually ($1,000 per month) with a 75% occupancy rate.

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Long-Term

Gross Rental
$12,000 per year($1,000 per month)
Net Operating Income
Cap Rate
Occupancy Rate
75%in 67214 zip code
 
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Owners & Occupancy for 2020 N Minneapolis St

This property is owned by Betty L Lessard. Owner contact information includes 11 phone numbers and 5 email addresses.

Property Owners

Cell Phone(828) ***-****View Cell Phone
Residence***********
Landline(316) 684-1474
Distance from Property**********
Email Address********@gmail.comView Email

Property Ownership Information

Purchase DateFebruary 22, 2008
Property Tax Amount$373 in 2024

Occupancy

Resident 1**************** age 67
Resident 2*****************
Resident 3*************
Resident 4******************
Resident 5**************

Property Details for 2020 N Minneapolis St

Property Details

Property Sq Ft

Living Area

916 sq ft

8% above market

Lot Size

6,970 sq ft

0% above market

Price Per Sq Ft

Living Area

$73 / sq ft

15% below market

Lot Size Area

$10 / sq ft

16% below market

Property condition, age, exterior, etc. for 2020 N Min…
Longitude: -97.314717 Latitude: 37.719785 Parcel Number (APN): 122-10-0-22-07-009.00…
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Discover more single family homes near 2020 N Minneapolis St in Wichita, Kansas. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 2020 N Minneapolis St in Sedgwick County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$66,954
$150,892
-$83,937 (-56%)
$241,644
-$85,899 (-36%)
YoY Price Change
2.96%
-83%
Year Built
1950
1946
4 years
Living Space
916 sq ft
1,056 sq ft
-140 (-13%)
$ Per Living Sq Ft
$73
$131
-$58 (-44%)
Lot Size
6,970 sq ft
8,276 sq ft
-1306 (-16%)
$ Per Lot Sq Ft
$10
$19
-$9 (-49%)

Net Operating Income
$12,811
-$3,285 (-26%)
Annual Revenue
$12,000
$16,800
-$4,800 (-29%)
$3,813
-$1,339 (-35%)
Net Operating Income
$12,811
-$3,285 (-26%)
Cap Rate
8%
Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

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