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1426-1428 E 1st St, Duluth, MN, 55805

1beds
4baths
4,828sqft
$475,000
$98price/sqft
$3,368/moest. monthly cost
$134,720/yrincome needed

About This Home

Own a little piece of Duluth with this rare find 5 unit apartment complex near Lake Superior boardwalk. All units are rented and the roof have been recently replaced. Three studio units, a single one bedroom and a single three bedroom. Rents total $5400/month. Owner pays utilities. Beautiful hardwoods and spacious apartments ranging from 444 sq ft to 1090 sq ft. Near the University of Minnesota Duluth and College of St. Scholastica in Duluth’s East End. The East End offers a variety of parks, restaurants, shops, and cafes. Leif Erikson Park/Duluth Rose Garden offers access to exceptional views of Lake Superior, and close proximity to Lake walk and Downtown. Very near Chester Creek offering hikers stunning waterfall views and hiking. Possible Seller Financing Option

Getting Around

75
WalkingVery Walkable
43
TransitSome Transit
78
BikeVery Bikeable

Schools

8/10
7/10
10/10
East Senior High SchoolGrades 9-122.4 mi

Construction

Condition

  • Property condition: Previously Owned
  • Year built: 1893

Materials

  • Foundation: Rock,Stone
  • Roof: Asphalt Shingle
  • Construction materials: Vinyl,Frame/Wood

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Full,Unfinished,Walkout,Utility Room

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 4

Features

  • Finished area below ground: 0
  • Finished area above ground: 4,828

Heating

  • Heating features: Boiler,Radiant,Hot Water,Natural Gas

Interior Area

  • Total interior livable area: 4,828 sqft

Property

Details

  • Parcel number: 010148004880
  • Attached to another structure: Yes
  • Zoning description: Business/Commercial

Lot

  • Lot size: 4,791 sqft
  • Lot size dimensions: 50 x 100

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hail
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in St. Louis County and Minnesota

Fire
Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,401$28,812
Home Insurance *$157$1,884
Property Taxes $403$4,836
Electricity $407$4,886
Total$3,368$40,416
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,474/yr
40% on housing$101,040/yr
45% on housing$89,813/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.6%
6.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$98This listing

vs Other Active Listings

Avg $/sqft

ZIP 55805$142
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55805
St. Louis County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-05-08Price change$475,000
2025-11-05Price change$500,000
2025-08-20Listed for sale$550,000

For Sale by Agent

AgentCorrine Hobbs
BrokerageEdina Realty, Inc. - Duluth

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