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Active NEW!
$425,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1920
5,857 sqft • 0.79 acres
International Falls schools
MLS# 6731318
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    Property Description

    Introducing a rare opportunity to own a beautifully preserved Craftsman-style 4-plex, offering both timeless elegance and strong investment potential. This meticulously maintained property features four distinct apartments—ranging from a cozy 1BR/1BA to a spacious 3BR/2BA—all with a solid rental history and impressive care throughout. Rich in character, the home showcases traditional details like built-ins, custom cabinetry, tin ceilings, butcher block counters, hardwood floors, intricate moldings, built-in buffets, and charming enclosed porches. Each unit boasts a private entrance, move-in-ready condition, and unique touches that reflect the home's storied past. Whether you continue its success as a multi-unit investment or restore it to its original grandeur as a single-family residence, the possibilities here are exceptional. Additional perks include income from a coin-op laundry, extra tenant storage, a lower-level rec room perfect for private gatherings, and an owner’s garage.

    Listing

    Contingency: None
    Price per sq ft: $73
    City: International Falls
    County: Koochiching
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 56649
    Subdivision Name: Wallace Add To Koochiching

    Interior

    Living Area: 5,857 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Concrete
    • Partial

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 20 x 35
    Garage Size: 700 ft2
    Foundation Size: 5,859 ft2
    Handicap Accessible: None
    Heating System: Hot Water
    Exterior Material:
    • Fiber Board
    • Wood Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.79
    Geolocation: 48.589208, -93.405261
    Lot Dimensions: 250.00 x 250.00

    Schools

    School District: 361
    District Phone: 218-283-2571

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,080
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $5,150

    Income

    Annual Gross Income: $39,000

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Propane
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Listing provided by RMLS, courtesy of Z'Up North Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.