
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,512 sqft
Price per Sqft $1,190
MLS Listing ID 6812816
Bedrooms 3
Full Baths 2
Year Built 1987
Tax Year 2024
Contingent None
Lot Size 5.262 Acres
Acres 5.262
Lot Dimensions Common
Property Sub-Type Single Family Residence
Property Description
The existing three-bedroom, two-bath home (built in 1987) sits on a solid foundation and is primed for a value-add transformation. Renovate the interior and exterior to create a modern luxury lake home, finish the lower level for additional living space, bedrooms, recreation areas, and entertaining zones, or explore an addition to increase total square footage and elevate the property into a true premier lakefront estate.
For buyers focused on cash flow, the layout and setting also create a compelling opportunity to reposition the home as a luxury lakefront vacation rental—leveraging the acreage, the shoreline, and the recreational draw of Green Lake, while also exploring additional income potential by renting out the pole barn for storage or specialty use.
Developers and builders will recognize another major upside: the parcel may offer the potential to be divided into three to four 1+ acre lots with the opportunity to build multiple single-family homes—similar to development activity seen on the neighboring parcel (buyer to verify subdivision and building feasibility with the city/county).
Financing flexibility adds another layer of opportunity: the loan is assumable, and the seller is open to creative terms, making this a rare lakefront offering with both asset upside and deal-structure options. Minutes from downtown Chisago City and within easy reach of the Twin Cities, this is a true value-add lake property with multiple paths to create long-term wealth and legacy. Buyer agent to verify all measurements.
Location
State MN
County Chisago
Zoning Residential-Single Family
Rooms
Basement Block, Full
Interior
Heating Forced Air
Cooling Central Air
Fireplaces Number 1
Fireplace Yes
Exterior
Parking Features Attached Garage, Detached Garage
Garage Spaces 8.0
Waterfront Description Lake Front
Roof Type Age 8 Years or Less
Building
Story One and One Half
Foundation 1512
Sewer Other
Water Lake Water, Well
Level or Stories One and One Half
New Construction false
Schools
School District Chisago Lakes
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