$1,089,400
- Studio
- 8,512 sqft (on 0.73 acres)
720 S 2nd Ave, Sioux Falls, SD 57104
Currently Off Market - Sold Mar 15, 2024 for $984,000
Home Value
Trulia Estimate
$1.09MSince last month
Decreased$23K (-2%)Since last year
Increased$180K (+19.3%)Since last sale
Increased$128K (+13%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value decreased by -14% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $1.11M |
| August 2026 | $1.14M |
| July 2026 | $1.15M |
| June 2026 | $1.1M |
| May 2026 | $1.11M |
| April 2026 | $1.07M |
| March 2026 | $1.08M |
| February 2026 | $1.13M |
| January 2026 | $1.06M |
2025 | |
2023 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.07 | Multi-Family Home | $515,000 | 04/29/26 | - | 4,590 | ||
0.67 | Multi-Family Home | $1,000,000 | 10/22/25 | - | 12,696 | ||
0.04 | Multi-Family Home | $200,000 | 04/23/26 | - | 1,984 | ||
0.14 | Multi-Family Home | $250,000 | 07/31/26 | - | 1,666 | ||
0.12 | Multi-Family Home | $275,000 | 03/18/26 | - | 2,358 | ||
0.10 | Multi-Family Home | $275,000 | 03/18/26 | - | 2,112 | ||
0.49 | Multi-Family Home | $200,000 | 11/20/25 | 4 | 3 | 1,836 | |
0.74 | Multi-Family Home | $262,500 | 04/10/26 | - | 2,480 | ||
0.63 | Multi-Family Home | $260,000 | 08/31/26 | - | 2,300 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.07 | $515,000 | Studio | - | 4,590 | Recently Sold | |
0.06 | $257,600 | 3 | 2 | 1,490 | Off Market | |
0.04 | $200,000 | Studio | - | 1,984 | Recently Sold | |
0.07 | $199,900 | Studio | - | 1,484 | For Sale | |
0.08 | $247,500 | 4 | 2 | 1,150 | Off Market | |
0.10 | $275,000 | Studio | - | 2,112 | Recently Sold | |
0.10 | $263,000 | Studio | - | 2,265 | Off Market | |
0.11 | $885,000 | 2 | 3 | 1,983 | For Sale | |
0.13 | $255,700 | Studio | - | 2,148 | Off Market | |
0.12 | $275,000 | Studio | - | 2,358 | Recently Sold | |
0.12 | $210,000 | 3 | 1 | 1,446 | Recently Sold |
Local Information
-- mins to
Home Highlights
Multi-Family
Built in 1967
0.73 acre lot
8,512 sqft
$128/sqft
About this House
What's unique:Minutes from downtown
J & M Real Estate Group, Inc is pleased to present the opportunity to acquire 2nd Ave. Apartments, 12 unit property. Two identical buildings with 6 units in each building, and a common driveway in between. Eight 2 bedroom units and four 1 bedroom units. Parking in the back of the property in 2 carport structures. Offered at $88,000 per door, and a Gross Multiplier of 10.2. These apartments have a proven track record of consistent rent increases and tenant retention. 2nd Avenue Apartments have ample opportunity to increase rents based on the current market conditions in and around the Sioux Falls area. The property appeals to a diverse group of residents, including young professionals, families and seniors due to it's proximity to public transportation, minutes from downtown and the serene neighborhood tucked away in the a quaint historical neighborhood that is sure to grow in charm year after year.
720 S 2nd Ave, Sioux Falls, SD 57104 is a studio, 8,512 sqft multi-family in All Saints, built in 1967. It last sold for $984,000 on Mar 15, 2024 (25% below the $1,320,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,089,400.
Last check for updates: about 6 hours ago
Listed by Kim A Leif
J & M Real Estate Group, (605) 232-1819
Brandi L Jorgensen
J & M Real Estate Group, (605) 232-1819
Bought with: Brad D Benson, (605) 427-7777
Source: Realtor Association of the Sioux Empire, MLS#22400278

Home Details for 720 S 2nd Ave
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Interior Details Basement: Full |
Dimensions and Layout Living Area: 8512 Square Feet |
Appliances & Utilities Appliances: Range, RefrigeratorRefrigerator |
Heating & Cooling Heating: Natural GasHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Natural Gas |
Windows, Doors, Floors & Walls Flooring: Carpet, Laminate, Vinyl |
Levels, Entrance, & Accessibility Stories: 2Entry Location: PrivateFloors: Carpet, Laminate, Vinyl |
Security Security: Security Lights, Smoke Detector(s) |
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Exterior Home Features Roof: Other |
Parking & Garage No CarportParking: Detached |
Water & Sewer Sewer: Public Sewer |
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Year Built Year Built: 1967 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: HardiPlank Type, Wood Siding |
Property Information Parcel Number: 032581 |
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Price List Price: $1,320,000 |
Status Change & Dates Off Market Date: Thu Mar 21 2024Possession Timing: Close Of Escrow |
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MLS Status: Sold - Sold |
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Direction & Address City: Sioux FallsCommunity: Gales 6th Addn |
School Information Elementary School: Lowell ESElementary School District: Sioux FallsJr High / Middle School: Patrick Henry MSJr High / Middle School District: SiouxFallsHigh School: Lincoln HSHigh School District: SiouxFalls |
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Building Area Building Area: 8624 Square Feet |
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Lot Area: 0.73 acres |
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Listing Terms: Conventional |
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Owner Pays: Gas, Grounds Care, Sewer, Snow Removal, Trash Collection, Water |
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BasementMls Number: 22400278 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Nov 12, 2025 Source: Realtor Association of the Sioux Empire #22302535 | ListingRemoved | $1,056,000 |
Mar 15, 2024 Source: Realtor Association of the Sioux Empire #22400278 | Sold | $984,000 |
Oct 20, 2023 Source: Realtor Association of the Sioux Empire #22302535 | PriceChange | $1,056,000 Price decreased by 4% |
Oct 2, 2023 Source: Realtor Association of the Sioux Empire #22302535 | PriceChange | $1,100,000 Price decreased by 4% |
Sep 12, 2023 Source: Realtor Association of the Sioux Empire #22302535 | PriceChange | $1,140,000 Price decreased by 5% |
Aug 3, 2023 Source: Realtor Association of the Sioux Empire #22302535 | PriceChange | $1,200,000 Price decreased by 7% |
Jul 10, 2023 Source: Realtor Association of the Sioux Empire #22302535 | PriceChange | $1,295,000 Price decreased by 2% |
May 3, 2023 Source: Realtor Association of the Sioux Empire #22302535 | Listed For Sale | $1,320,000 |
Market trends in Sioux Falls
Last updated August 2026
Avg. sale price
$333K
$6.2KMoM
Sale-to-List Price
โ
Price per sq ft
$194
$2MoM
Available listings
1143
42MoM
Around this home
What Locals Say about All Saints
At least 14 Trulia users voted on each feature.
88 % Say it's walkable to restaurants
81 % Say there are sidewalks
79 % Say parking is easy
79 % Say there's holiday spirit
72 % Say it's quiet
68 % Say it's dog friendly
67 % Say people would walk alone at night
67 % Say it's walkable to grocery stores
65 % Say streets are well-lit
61 % Say neighbors are friendly
60 % Say kids play outside
53 % Say car is needed
47 % Say yards are well-kept
35 % Say they plan to stay for at least 5 years
29 % Say there are community events
19 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the REALTORยฎ Association of the Sioux Empire, Inc., Multiple Listing Service. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchangeโข logo or the Internet Data Exchange thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
Information is deemed reliable but not guaranteed.
Copyright 2026 REALTORยฎ Association of the Sioux Empire, Inc., Inc. Multiple Listing Service. All rights reserved.
Frequently asked questions about 720 S 2nd Ave
- What is 720 S 2nd Ave estimated to be worth?Trulia's estimated value for 720 S 2nd Ave in Sioux Falls, SD is $1,089,400.
- What is the price history for 720 S 2nd Ave?720 S 2nd Ave in Sioux Falls, SD last sold for $984,000 in March 2024.
- Is Sioux Falls a buyer's or seller's market?Sioux Falls is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Sioux Falls?The median sale price in Sioux Falls is $333K. That is up $6.2K from the prior month.
- Does 720 S 2nd Ave have air conditioning?Yes, 720 S 2nd Ave in Sioux Falls, SD has air conditioning.
- Does 720 S 2nd Ave have parking?Yes, 720 S 2nd Ave in Sioux Falls, SD has on-site parking.

