Neighborhood
1109 E 22nd St, Minneapolis, MN 55404
5 beds · 2 baths · 1,896 sq ft · Lot: 4,792 sq ft · Single Family Home · Last Sold: $146K in 2015 · Built: 1986
Est. Value:
$235K
Est. Rent:
$2.6K/month

1109 E 22nd St Minneapolis, MN 55404

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5 beds · 2 baths · 1,896 sq ft · Lot Size: 4,792 sq ft · Single Family Home · Ventura Village
Est. Property Value: $235,480

High Demand Long-Term RentalOwned for 5 - 10 YearsOwner Age 65 - 75

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1109 E 22nd St is in the Ventura Village neighborhood of Minneapolis, MN. It is located in Hennepin County and ZIP code 55404. This Single Family Home was built in 1986 and is approximately 39 years old. The single family home spans 1896 sq ft with 5 bedrooms and 2 bathrooms and sits on a 4792 sq ft lot. According to public records, it was last sold in 2015 for $146,000 and has a tax-assessed value of $233,000, which is $124 per sq ft. The Ventura Village area of Minneapolis has 72 residential homes with an average size of 1847 sq ft. Analyze and compare real estate investment strategies for properties like this home at 1109 E 22nd St Minneapolis, MN 55404 with Property Intel by Whitepages.

Investment Potential for 1109 E 22nd St

The property has a current estimated value of $235,480, which is 0% below the neighborhood median, based on public records. It last sold on May 13, 2015 for $146K. Projected long-term
is $31,200 annually ($2,600 per month) with a 92% occupancy rate.

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Long-Term

Gross Rental
$31,200 per year($2,600 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
92%in 55404 zip code
 
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Owners & Occupancy for 1109 E 22nd St

This property is owned by Ibrahim N Roble. Owner contact information includes 6 phone numbers and 4 email addresses.

Property Owners

OccupationManager, Gts Tire & Trucking Repair
Cell Phone(612) ***-****View Cell Phone
Residence***************
Landline(763) 535-4270
Distance from Property**********
Email Address********@hotmail.comView Email
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Property Ownership Information

Purchase DateMay 13, 2015
Property Tax Amount$2,849 in 2024
Purchase Price$146,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************
Resident 2****************
Resident 3************* age 25
Resident 4********************
Resident 5**************
Resident 6*************** age 46
Resident 7******************* age 75
Resident 8*************** age 70

Property Details for 1109 E 22nd St

Property Details

Property Sq Ft

Living Area

1,896 sq ft

3% above market

Lot Size

4,792 sq ft

21% below market

Price Per Sq Ft

Living Area

$124 / sq ft

7% below market

Lot Size Area

$49 / sq ft

26% above market

Property condition, age, exterior, etc. for 1109 E 22n…
Longitude: -93.257511 Latitude: 44.960702 Parcel Number (APN): 35-029-24-21-0228…
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Discover more single family homes near 1109 E 22nd 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.

Market Benchmarks

Compare data for 1109 E 22nd St in Hennepin County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$235,480
$398,398
-$162,918 (-41%)
$******
$486,022
-$235,916 (-49%)
YoY Price Change
—
—
—
Year Built
1986
1987
-1 years
Living Space
1,896 sq ft
2,316 sq ft
-420 (-18%)
$ Per Living Sq Ft
$124
$179
-$55 (-31%)
Lot Size
4,792 sq ft
14,246 sq ft
-9454 (-66%)
$ Per Lot Sq Ft
$49
$31
$18 (57%)

Net Operating Income
$*****
$19,897
$2,551 (13%)
Annual Revenue
$31,200
$31,200
$0 (0%)
$****
$11,153
-$2,401 (-22%)
Net Operating Income
$*****
$19,897
$2,551 (13%)
Cap Rate
****%
4.88%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 5-Bed Single Family Home Medians

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