Investment Potential for 2428 10th Ave S

The property has a current estimated value of $216,139, which is 2% below the neighborhood median, based on public records. It last sold on December 02, 2024 for $315K. Projected long-term

is $29,400 annually ($2,450 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

$315,000

Sold December 02, 2024

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.

$216K

($207K - $225K)

2% below 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 Midtown Phillips.

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

$29,400 per year($2,450 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 2428 10th Ave S

No contact information is available.

Appreciation Since Purchased

-$98,861

Purchased December 02, 2024

Number of Residents

3

Occupancy

Resident 1	************ age 80
Resident 2	**********
Resident 3	************** age 81

Property Details for 2428 10th Ave S

Estimated Mortgage Balance

$********

View Mortgage Info

Estimated Equity

$******

View Equity

Property Age

24 years

94 years newer than neighborhood median

Property Details

Property Sq Ft

Living Area

1,320 sq ft

4% below market

Lot Size

5,227 sq ft

0% above market

Price Per Sq Ft

Living Area

$164 / sq ft

1% above market

Lot Size Area

$41 / sq ft

5% below market

Property Information

Property condition, age, exterior, etc. for 2428 10th …

Land & Location Information

Longitude: -93.260396 Latitude: 44.95817 Parcel Number (APN): 35-029-24-24-0165…

Mortgage & Equity Information

Mortgage originated on through lender: Wells Fargo Bk Na for$******View Mortgage Details

Recommended Properties in Midtown Phillips

Discover more single family homes near 2428 10th Ave S 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.

Good value per sqft
$183K - $212K
Est. Value
2432 15th Ave S, Minneapolis, MN 55404
3 beds · 2 baths · 1,741 sq ft · Last Sold: $86,000 in 1999 · Built: 1997
Owned for 10 - 15 Years
$207K - $224K
Est. Value
2914 15th Ave S, Minneapolis, MN 55407
3 beds · 1 baths · 1,179 sq ft · Last Sold: $75,750 in 2014 · Built: 1907
Owned for 25 - 50 Years
$186K - $215K
Est. Value
1019 E 28th St, Minneapolis, MN 55407
3 beds · 1 baths · 1,012 sq ft · Last Sold: $75,000 in 2000 · Built: 1900
High Demand Long-Term Rental
$191K - $207K
Est. Value
1511 E 28th St, Minneapolis, MN 55407
2 beds · 1 baths · 1,266 sq ft · Last Sold: $211,000 in 2021 · Built: 2004
Owned for 5 - 10 Years
$422K - $458K
Est. Value
2926 12th Ave S, Minneapolis, MN 55407
5 beds · 3 baths · 2,923 sq ft · Last Sold: $439,000 in 2019 · Built: 1916
High Demand Long-Term Rental
$168K - $183K
Est. Value
2929 Chicago Ave Unit 1122, Minneapolis, MN 55407
1 beds · 1 baths · 1,040 sq ft · Last Sold: $194,900 in 2023 · Built: 1900
Neighborhood Appreciation Outlook
$161K - $178K
Est. Value
2900 11th Ave S Apt 406, Minneapolis, MN 55407
1 beds · 1 baths · 988 sq ft · Built: 2006
Owned for 10 - 15 Years
$239K - $259K
Est. Value
2653 14th Ave S, Minneapolis, MN 55407
4 beds · 3 baths · 1,634 sq ft · Last Sold: $170,000 in 2014 · Built: 2007
Owned for Less Than 5 Years
$201K - $215K
Est. Value
2929 Chicago Ave Unit 1116, Minneapolis, MN 55407
2 beds · 1,220 sq ft · Last Sold: $220,000 in 2024 · Built: 1900
Owned for 25 - 50 Years
$161K - $178K
Est. Value
2421 13th Ave S, Minneapolis, MN 55404
3 beds · 1 baths · 1,100 sq ft · Last Sold: $43,500 in 1992 · Built: 1900
Owned for 25 - 50 Years
$299K - $328K
Est. Value
2703 14th Ave S, Minneapolis, MN 55407
3 beds · 2 baths · 1,549 sq ft · Last Sold: $20,000 in 1997 · Built: 1982
Owned for 5 - 10 Years
$294K - $323K
Est. Value
2423 Elliot Ave, Minneapolis, MN 55404
2 beds · 1 baths · 1,355 sq ft · Last Sold: $141,500 in 2018 · Built: 1982
Owned for 15 - 25 Years
$133K - $150K
Est. Value
2509 12th Ave S, Minneapolis, MN 55404
1,428 sq ft · Last Sold: $118,000 in 2009 · Built: 1997
Owned for 15 - 25 Years
$214K - $237K
Est. Value
2917 14th Ave S, Minneapolis, MN 55407
3 beds · 1 baths · 1,054 sq ft · Last Sold: $146,000 in 2002 · Built: 1913
High Demand Long-Term Rental
$207K - $221K
Est. Value
2929 Chicago Ave Unit 905, Minneapolis, MN 55407
2 beds · 1 baths · 1,170 sq ft · Built: 1900
Good value per sqft
$203K - $230K
Est. Value
2437 11th Ave S, Minneapolis, MN 55404
4 beds · 1 baths · 1,840 sq ft · Last Sold: $223,500 in 2021 · Built: 1906
Owned for Less Than 5 Years
$189K - $207K
Est. Value
2436 14th Ave S, Minneapolis, MN 55404
3 beds · 2 baths · 1,448 sq ft · Last Sold: $287,350 in 2023 · Built: 2001
Owner Age 55 - 65
$202K - $219K
Est. Value
2929 Chicago Ave Unit 907, Minneapolis, MN 55407
2 beds · 1 baths · 1,100 sq ft · Last Sold: $235,000 in 2021 · Built: 1900
Valued above Market Median
$252K - $273K
Est. Value
2736 12th Ave S, Minneapolis, MN 55407
3 beds · 1 baths · 1,356 sq ft · Built: 1910
High Demand Long-Term Rental
$216K - $236K
Est. Value
2837 14th Ave S, Minneapolis, MN 55407
4 beds · 1 baths · 1,620 sq ft · Built: 1900

Market Benchmarks

Compare data for 2428 10th Ave S in Hennepin County to the median in the neighborhood area and surrounding markets, where available.

View neighborhood benchmarks

Property

Neighborhood

Difference

State

Difference

$216,139

$220,549

-$4,410 (-2%)

$306,922

-$90,783 (-30%)

$******

$********

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

$381,663

-$152,099 (-40%)

YoY Price Change

****%

2%

-265%

Year Built

2001

1907

94 years

1972

29 years

Living Space

1,320 sq ft

1,372 sq ft

-52 (-4%)

1,644 sq ft

-324 (-20%)

$ Per Living Sq Ft

$164

$162

$2 (1%)

$187

-$23 (-12%)

Lot Size

5,227 sq ft

0 (0%)

11,705 sq ft

-6478 (-55%)

$ Per Lot Sq Ft

$41

$43

-$2 (-5%)

$29

$12 (40%)

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

$1,093 (6%)

Annual Revenue

$29,400

$24,000

$5,400 (22%)

$28,200

$1,200 (4%)

$****

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

$9,056

$329 (4%)

Net Operating Income

$*****

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

$18,922

$1,093 (6%)

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	1.5
Year Built	2001
Building Sq Ft	1,320 sq ft
Lot Size	0 Acres
Living Space	1,320 sq ft
Ground Floor	660 sq ft
Basement	660 sq ft
Heating / Fuel	Forced Air
Roof Covering	Asphalt
Garage	Garage

Loan Amount	$******
Lender	Wells Fargo Bk Na
Origination Date	December 09, 2024
Interest Rate	****%
Term	30 Years
Rate Type	Fixed
Est Balance	$********
Due Date	****************
Equity	View Equity

APN	35-029-24-24-0165
Census Tract	1258001002
Municipality	Minneapolis
County	Hennepin
Subdivision	Melvilles Rgt Blks Brackett &
Zoning	R2B
Neighborhood	Midtown Phillips
Longitude / Latitude	-93.260396 / 44.95817
Lot Size	5,227 sq ft

2428 10th Ave S Minneapolis, MN 55404

property value

$216,139

neighborhood valuation

$220,549

market valuation

$207,717

investment intelligence

Investment Potential for 2428 10th Ave S

rental income

property appreciation

Last Sale Amount

$315,000

property value

$216K

($207K - $225K)

5-year appreciation

rental income

operating expenses

Owners & Occupancy for 2428 10th Ave S

Appreciation Since Purchased

-$98,861

Number of Residents

3

Occupancy

Property Details for 2428 10th Ave S

Estimated Mortgage Balance

Estimated Equity

$******

Property Age

24 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 Midtown Phillips

$183K - $212K

Est. Value

2432 15th Ave S, Minneapolis, MN 55404

3 beds · 2 baths · 1,741 sq ft · Last Sold: $86,000 in 1999 · Built: 1997

$207K - $224K

Est. Value

2914 15th Ave S, Minneapolis, MN 55407

3 beds · 1 baths · 1,179 sq ft · Last Sold: $75,750 in 2014 · Built: 1907

$186K - $215K

Est. Value

1019 E 28th St, Minneapolis, MN 55407

3 beds · 1 baths · 1,012 sq ft · Last Sold: $75,000 in 2000 · Built: 1900

$191K - $207K

Est. Value

1511 E 28th St, Minneapolis, MN 55407

2 beds · 1 baths · 1,266 sq ft · Last Sold: $211,000 in 2021 · Built: 2004

$422K - $458K

Est. Value

2926 12th Ave S, Minneapolis, MN 55407

5 beds · 3 baths · 2,923 sq ft · Last Sold: $439,000 in 2019 · Built: 1916

$168K - $183K

Est. Value

2929 Chicago Ave Unit 1122, Minneapolis, MN 55407

1 beds · 1 baths · 1,040 sq ft · Last Sold: $194,900 in 2023 · Built: 1900

$161K - $178K

Est. Value

2900 11th Ave S Apt 406, Minneapolis, MN 55407

1 beds · 1 baths · 988 sq ft · Built: 2006

$239K - $259K

Est. Value

2653 14th Ave S, Minneapolis, MN 55407

4 beds · 3 baths · 1,634 sq ft · Last Sold: $170,000 in 2014 · Built: 2007

$201K - $215K

Est. Value

2929 Chicago Ave Unit 1116, Minneapolis, MN 55407

2 beds · 1,220 sq ft · Last Sold: $220,000 in 2024 · Built: 1900

$161K - $178K

Est. Value