UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Montevideo
MLS Listing ID 7009752
Year Built 1910
Annual Tax Amount $8,392
Tax Year 2025
Contingent None
Lot Size 0.528 Acres
Lot Dimensions 200x105x108x22x92x127
Property Description
Most units have been renovated, offering updated interiors while preserving classic architectural details. Property amenities include on-site coin laundry, a three-car garage, ample off-street parking, and a fenced yard with outdoor features.
The property offers a strong 7% cap rate, making it an attractive option for investors seeking stable income. The combination of historic appeal, functional updates, and on-site amenities contributes to long-term value and broad rental appeal.
Location
State MN
County Chippewa
Zoning Residential-Multi-Family
Rooms
Basement Finished
Interior
Heating Boiler
Flooring Carpet, Vinyl, Wood
Inclusions Building, Inventory, Rental License
Fireplace No
Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener Owned
Exterior
Parking Features Detached Garage, Concrete, Garage Door Opener, Paved Lot, More Parking Onsite for Fee
Garage Spaces 3.0
Fence Chain Link, Full
Pool None
Utilities Available Electric Common, Heating Common, Hot Water Common
Roof Type Architectural Shingle
Present Use Residential
Building
Lot Description Tree Coverage - Light, Underground Utilities
Story Three Or More
Foundation 1622
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
Structure Type Frame
New Construction false
Schools
School District Montevideo
NEARBY SCHOOL & BUSINESS
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