REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Nick Leavy

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

$360,000

Est. payment - /mo

5 Beds

2 Baths

2,076 SqFt

Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,076 sqft

Price per Sqft $173

Subdivision Fifth Add To Milaca

MLS Listing ID 7036294

Bedrooms 5

Year Built 1920

Annual Tax Amount $3,434

Tax Year 2026

Contingent None

Lot Size 0.414 Acres

Lot Dimensions 122x148

Property Sub-Type Duplex Up and Down

Property Description

Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit, generating $3,000/month in rental income ($36,000 annually) with leases in place through 2026, providing immediate and stable income. Recent updates in both units include painted cabinets, updated fixtures, and new lighting. See supplements for more updates/details. Roof replaced in 2022. The property also features separately metered utilities and a detached 3-stall garage with a separate electric meter (2024), offering added income potential or flexibility for owner use. Tenants pay for gas, electricity, lawn care, and snow removal, which helps keep operating expenses low. This is a great fit for those seeking a reliable investment, a house-hack opportunity, or a multi-family property.

Location

State MN

County Mille Lacs

Zoning Residential-Multi-Family,Residential-Single Family

Rooms

Basement Daylight/Lookout Windows, Full, Unfinished

Interior

Heating Baseboard, Boiler, Hot Water, Radiator, Radiant

Fireplace No

Laundry None

Exterior

Parking Features Detached Garage, Asphalt, Garage Door Opener

Garage Spaces 3.0

Roof Type Age 8 Years or Less,Asphalt

Building

Lot Description Corner Lot, Tree Coverage - Medium

Story Two

Foundation 1351

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Block,Concrete,Frame

New Construction false

Schools

School District Milaca

Read Less Info

Listed by Samantha Severson • RE/MAX Advantage Plus

Nearby School & Business

PICK YOUR CITY

345 2nd AVE SW Milaca, MN 56353