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24 W 5th St, Duluth, MN, 55806

0beds
1baths
0sqft
$390,000
--price/sqft
$2,789/moest. monthly cost
$111,560/yrincome needed

About This Home

Create your ultimate urban oasis! Bring your grandest architectural vision to life in this expansive, blank canvas property offering over 3.000 sq ft of customizable space. Perched on the hillside, this exceptional building boasts unobstructed views of the lake, downtown skyline and Canal Park. Whether you dream of a luxury loft or a live-work masterpiece, this property provides the foundation to design a wonderful space tailored to your lifestyle. The heavy lifting has already been completed by the seller. Key structural and mechanical upgrades include the roof, energy efficient windows, plumbing and electric! A garage door has been added to the front of the building, leading to a space that has been engineered to withstand the weight of multiple vehicles. This opens up possibilities for a premium workshop or secure urban parking. Step into the exciting design phase of your dream property! Schedule your private tour today to experience the scale and breathtaking vistas! Seller will consider a Contract For Deed

Getting Around

80
WalkingVery Walkable
52
TransitGood Transit
36
BikeSomewhat Bikeable

Schools

2/10
Myers-Wilkins ElementaryGrades PK-50.9 mi
4/10
5/10

Construction

Condition

  • Property condition: Previously Owned
  • Year built: 1911

Materials

  • Foundation: Stone
  • Construction materials: Brick,Frame/Wood

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bathrooms: 1
  • 1/4 bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 0

Heating

  • Heating features: Natural Gas

Property

Details

  • Parcel number: 010102000430
  • Foundation area: 1500

Lot

  • Lot size: 3,484 sqft
  • Lot size dimensions: Irreg

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

  • Lightning
    LightningRelatively High

How This Home’s Risks Compare

Lightning

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 $1,972$23,664
Home Insurance *$158$1,896
Property Taxes $489$5,868
Electricity $170$2,050
Total$2,789$33,468
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$95,622/yr
40% on housing$83,670/yr
45% on housing$74,373/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

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 55806$163
St. Louis County$177

vs Homes Sold Last Month

Median $/sqft

ZIP 55806
St. Louis County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-10Price change$369,000
2026-06-07Listed for sale$390,000
2018-11-26Sold$90,000
2018-10-22Pending sale$89,900
2018-10-11Listed for sale$89,900
2018-09-20Pending sale$89,900
2018-09-03Price change$89,900
2018-08-07Price change$99,900
2018-07-13Price change$114,900
2018-05-31Listed for sale$119,900

For Sale by Agent

AgentJack Harnstrom
BrokerageNational Realty Guild

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