215 S 5th ST, Montevideo, MN 56265 - MLS#6702887

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$950,000

Est. payment - /mo

22,651 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 22,651 sqft

Price per Sqft $41

Subdivision Frinks 1St Add

MLS Listing ID 6702887

Year Built 1904

Annual Tax Amount $7,686

Lot Size 8,619 Sqft

Acres 0.52

Lot Dimensions 1X1

Property Description

Welcome to a property with character and multi-dimensional opportunity.
Like a diamond...beautiful from every side. A story to tell and value to appreciate!
Approach this property from a variety of angles while savoring the story of one of the most historic homes in town. Built at the turn of the century, this home often served as a buzz of hospitality for political gatherings, hosting the likes of Hubert Humphrey and Eleanor Roosevelt. In the 30's, the 3rd story was added to rent rooms and mitigate effects of the depression. The rich woodwork and interior created the perfect ambience to host a wedding. The fireplace mantle still marks the spot where a candle burned a bit too long during the festivities.
The house has transitioned from single family to multifamily under the tender care of a few owners over a century.
Intentional and thorough screening of residents has ensured each apartment space is maintained well. One will notice great care was taken in transitioning some spaces to apartments by preserving original woodwork should anyone desire to take it back to single family living. Whichever way you approach it, this gem shines with authentic value.
Multifamily cashflow? Have you dreamed of living in a historic home with rental income to help cover the costs?
Perhaps you love the stories this historic home must tell. Envision additional income inviting others in as a historic bed and breakfast or short-term rental? The history and beauty offer natural curiosity to others. The nature-based playground and grand front porch allows adults and children to enjoy their own unique experience while the rental income provides fuel for the dream and owners living space.
Interior photos and pro-forma available with signed NDA. Showings must be at least 24 hour notice.

Location

State MN

County Chippewa

Community Frinks 1St Add

Zoning Residential-Single Family

Direction WHEN YOU TAKE 5TH STREET SOUTH TO THE ADDRESS YOU WILL FIND IT ON YOUR RIGHT EAST OF THE DOWNTOWN AREA.

Rooms

Basement Full, Walkout

Interior

Heating Boiler, Hot Water

Flooring 22651.2

Exterior

Parking Features Detached Garage, Driveway - Concrete, Paved Lot

Garage Spaces 2.0

Utilities Available Electric Common, Electric Separate

Roof Type Asphalt Shingles

Accessibility None

Total Parking Spaces 2

Building

Lot Description Corner Lot

Foundation Combination

Water City Water/Connected

Structure Type Frame

Others

Senior Community No

Tax ID 701650730

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Listed by Edina Realty

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