518 N Lake Ave, Duluth, MN, 55805

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518 N Lake Ave, Duluth$279,000

Buyer Closing Credits

$3,313^*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex

ParkingDriveway - Asphalt, Off Street

HeatingForced Air, Natural Gas

ViewLake

MLS #6114447

Lot Size0.13 Acres

StatusActive
(ACTIVE)

About 518 N Lake Ave

Looking for that hillside duplex with tons of potential? This is it. Views of Lake Superior from both units! Very close to eveything downtown/canal park, and not far up the hill to Central Entrance. Updated kitchens, floors, bathrooms, countertops, decks/stairs, and mechanicals. Tenants pay all utilties. If you are looking for a low maintenance investment, this one could be for you!

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Property Details

Property Features

Property Information:

• Architectural Style: Up & Down
• Stories: 2
• Living Area: 1,600 SqFt

Listing Office:

• Office Name: Bachand Realty
• Listing Agent: Aiden Bachand

Exterior Features

Exterior Information:

• View: Lake
• Exterior: Deck

Parking Information:

• Attached Garage: No
• Parking: Driveway - Asphalt, Off Street

Lot Features

Lot Information:

• Lot Size: 0.13 Acres

Utilities

Utilities Information:

• Heating: Forced Air, Natural Gas

Other

Directions Information:

• Directions: Traveling North on Mesaba Ave, take a right onto W 7th St, take another right onto Lake Ave, building will be on the left hand side after a block.

Price Information

Listing Price Info

Price Summary:

• List Price: $279,000
• Price Per SqFt: $174/SqFt

Tax Information:

• Annual Amount: $1,836
• Tax Year: 2020

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Housing Market Comparison

See how this home compares to others in Duluth, MN.

Duluth, MN

City

Med. Sold Price

$305.3K

Med. Price/SqFt

$191

Avg. Days On Market

25

# of Sold Homes

124

518 N Lake Ave vs Duluth

183 DAYS ON ROCKET

+158 Days

$279,000

-$26.3K Less

$174/SqFt

-$17 Less

KEY TAKEAWAY

This property is $26.3K less than the Median Sold Price and $17/SqFt less than other homes in Duluth, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Number: #6114447

Listing Office:

• Office Name: Bachand Realty
• Listing Agent: Aiden Bachand

IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Information is supplied by seller and other third parties and has not been verified. ©2024 Lake Superior Area REALTORS® MLS - All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 3:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
May 12, 2020	May 12, 2020Home Sold	$60,000
Jul 29, 2019	Jul 29, 2019Home Sold	$56,000
Nov 07, 2013	Nov 07, 2013Home Sold	$79,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$1,836	$92,300
2019	$1,722	$84,000
2017	$1,586	$82,800

History based on county public records data.

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**Disclosures

Rocket Homes›Minnesota›Saint Louis County›Duluth›55805›518 N Lake Ave

This home is located at 518 N Lake Ave in Duluth, MN and zip code 55805 in the Central Hillside neighborhood. This 1,600 square foot home sits on a 0.13 acre lot. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $279,000.

While more than 37 listings in Duluth, MN in November 2024 were sold above asking price, there were more than 29 listings sold at asking price, and more than 51 were sold below. In November 2024 in Duluth, MN there were 20.3% less homes for sale than in October 2024. In November 2024 median list price was $305,357 and the average listing age was 25 days.

From Rocket Homes Real Estate and based on county public records data.