Amazing investment opportunity! This property will cash-flow, or, owner occupy one unit and have the rental income offset expenses! Excellent rental history, in the busy, bustling town of Hibbing! Close to parks, the golf course, and the bike trails run all the way from Grand Rapids to Ely! Located right on the bus line for easy and inexpensive commute to work, shopping, schools, and medical facilities. All three units have had recent kitchen & bath updates to include: oak kitchen cabinets, countertops, sinks & faucets, flooring, and paint. Opportunities like this don't come by often, so don't miss out! Schedule your showing today!
Closed
$150,000
1105 16th Ave E, Hibbing, MN 55746
3beds
3baths
2,472sqft
Triplex
Built in 1920
-- sqft lot
$173,600 Zestimate®
$61/sqft
$1,484 Estimated rent
Home value
$173,600
$153,000 - $196,000
$1,484/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: May 06, 2025 at 10:29am
Listed by:
Thunder Lake Realty
Bought with:
Pamela B. Gilhousen
COLDWELL BANKER NORTHWOODS
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6324115
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Baseboard, Forced Air
Appliances
- Laundry: Coin-op Laundry Leased
Features
- Basement: Block,Owner Access,Partial,Storage Space,Sump Pump
Interior area
- Total structure area: 2,472
- Total interior livable area: 2,472 sqft
- Finished area above ground: 1,800
- Finished area below ground: 0
Property
Parking
- Parking features: Concrete, On Street, Open
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Partially Wheelchair
Features
- Levels: Two
- Patio & porch: Covered, Deck, Front Porch, Rear Porch
- Fencing: Chain Link,Partial,Privacy
Lot
- Dimensions: 25 x 125 x 25 x z125
- Features: Near Public Transit, Wooded
- Topography: Level
Details
- Foundation area: 912
- Parcel number: 014005002020
- Zoning description: Residential-Multi-Family,Residential-Single Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Cedar, Engineered Wood, Frame
- Roof: Age 8 Years or Less,Metal
Condition
- Age of Property: 105
- New construction: No
- Year built: 1920
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Gas: Electric, Oil
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Hibbing
Price history
| Date | Event | Price |
|---|---|---|
| 6/2/2023 | Sold | $150,000-3.2%$61/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6324115 | ||
| 6/2/2023 | Pending sale | $154,900$63/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6324115 | ||
| 1/20/2023 | Listed for sale | $154,900+6.8%$63/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6324115 | ||
| 12/13/2022 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6237225 | ||
| 7/20/2022 | Listed for sale | $145,000+7150%$59/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6237225 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,154 +55.9% | $100,700 +30.6% |
| 2023 | $740 +7.2% | $77,100 +81.8% |
| 2022 | $690 +5.5% | $42,400 +10.4% |
Find assessor info on the county website
Neighborhood: 55746
Nearby schools
GreatSchools rating
- NAWashington Elementary SchoolGrades: K-2Distance: 0.8 mi
- 8/10Hibbing High SchoolGrades: 7-12Distance: 1 mi
- 6/10Lincoln Elementary SchoolGrades: 2-6Distance: 1 mi
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