407 1st Avenue Northwest

Forest Lake, MN 55025

$349,900
Price
—
Beds
1,900 Sq. Ft.
$184 / Sq. Ft.
1,900
Sq. Ft.
$184
per Sq. Ft.

Description

This is a great opportunity for someone looking to be a rental business owner! The up/down duplex is located off Main St and is within walking distance of Forest Lake, Restaurants & Shopping. $60k in updates and renovations have been put into the property Since 2020 INCLUDING New Roof & Siding! This rental is ready for its next investor with excellent renters in both units.This is a great opportunity for someone looking to be a rental business owner! The up/down duplex is located off Main St and is within walking distance of Forest Lake, Restaurants & Shopping. $60k in updates and renovations have been put into the property Since 2020 INCLUDING New Roof & Siding! This rental is ready for its next investor with excellent renters in both units.
  1. Listed by Elite Realty Minnesota

Property Details for 407 1st Avenue Northwest

Subdivision Name
Houles Jw Add
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 11/02/2024 11:09 AM

Property Details for 407 1st Avenue Northwest

StatusActive
MLS #6608265
Days on Compass17
Taxes$2,856 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex Up and Down
Year Built1890
Lot Size0.17 AC / 7,405 SF
CountyWashington County

Building Information for 407 1st Avenue Northwest

Stories-Residences2Year Built1890Building Size-Lot Size0.17 AC / 7,405 SF

Property Information for 407 1st Avenue Northwest

Summary
Location and General Information
  • City Name: Forest Lake
  • County Or Parish: Washington
  • County: Washington-MN
  • Directions: Hwy 61 to Broadway Ave; WEST to 4th St NW; NORTH to duplex
  • Latitude: 45.280782
  • Longitude: -92.988991
  • Map Coordinate: 39-B3
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Forest Lake
  • City and Location Text: Forest Lake(MN)
  • Postal Code: 55025
  • State Or Province: MN
  • Public Survey Township: 32
  • Topography: Level
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 0803221210045
  • Tax Annual Amount: $2,856.00
  • Tax Legal Description: SUBDIVISIONNAME J W HOULE'S ADD LOT 12 BLOCK 1 SUBDIVISIONCD 32720
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 2856.0000
School Information
  • High School District: 831 - Forest Lake
  • School District Number: 831
  • School District Phone: 651-982-8103
Property
Lot Information
  • Above Grade Fin SQFT: 1900.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 1900.0
  • Lot Features: Tree Coverage - Medium
  • Lot Size Area: 0.17
  • Lot Size Dimensions: 50x150
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Duplex Up and Down
  • Property Type: Residential Income
  • SQFT Main Total: 1350.0000
  • Building Area Total: 2300.0
  • Above Grade SqFt Total: 1900.0000
  • Below Grade SqFt Total: 400.0000
Property and Assessments
  • Age Of Property: 134
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1350.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Roof: Asphalt, Pitched
Interior Features
  • Basement Type: Crawl Space, Shared Access, Stone/Rock, Sump Pump
  • DP Resource: Y
  • Garage Dimensions: 24x26
  • Garage Door Height: 7
  • Garage Square Feet: 624
  • Heating: Forced Air
  • Levels: One and One Half
  • Number of Refrigerator: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 200.00
  • Unit Rooms Total: 6
  • Unit SqFt: 1350
  • Unit Type Actual Rent: $1,745.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 1
  • Bedroom 1 Room Dimensions: 16x11
  • Bedroom 1 Room Level: Main (Ground)
  • Bedroom 2 Room Dimensions: 11x10
  • Bedroom 2 Room Level: Main (Ground)
  • Bedroom 3 Room Dimensions: 12x10
  • Bedroom 3 Room Level: Main (Ground)
  • Bedroom 4 Room Dimensions: 13x11
  • Bedroom 4 Room Level: Main (Ground)
  • Dining Room Dimensions: 12x12
  • Dining Room Level: Main (Ground)
  • Kitchen Room Dimensions: 12x7
  • Kitchen Room Level: Main (Ground)
  • Unit Level: Main Level
  • Unit Type Total Rent: 20940
Unit 2
  • Unit Amenities: Ceiling Fan(s)
  • Unit Appl: Dishwasher,Gas Water Heater,Microwave,Range
  • Unit Bath 3Qtr: 0
  • Unit Bath Description: Upper Level Full Bath
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 200.00
  • Unit Rooms Total: 4
  • Unit SqFt: 550
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Bedroom 1 Room Dimensions: 20x14
  • Bedroom 1 Room Level: Upper
  • Bedroom 2 Room Dimensions: 8x8
  • Bedroom 2 Room Level: Upper
  • Bedroom 3 Room Dimensions: 12x12
  • Bedroom 3 Room Level: Upper
  • Bedroom 4 Room Dimensions: 15x15
  • Bedroom 4 Room Level: Upper
  • Dining Room Description: Breakfast Bar
  • Unit Type Total Rent: 12000

Property History for 407 1st Avenue Northwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 407 1st Avenue Northwest

Taxable ValueLand$81,000Additions$194,100Total$275,100
Tax Record2023$2,814 ($234 / month)
Home Facts
Beds3Baths2Total Finished SqFt1,224 SqFtAbove Grade Finished SqFt1,224 SqFtStories1Lot Size7,479 SqFtStyleSingle Family ResidenceYear Built1890CountyWASHINGTONAPN08-032-21-21-0045Fireplace TypeHas Fireplace

Schools near 407 1st Avenue Northwest

This home is within Forest Lake Public School District.
Rating
School
Type
Grades
Distance
Public - 4 to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Forest Lake Elementary School
Public4 to 6

Forest Lake Area Middle School
Public7 to 8

Forest Lake Senior High School
Public9 to 12

Central Montessori Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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407 1st Avenue Northwest is a multi-family home for sale in Forest Lake, MN 55025. This property was listed for sale on October 16, 2024 by Elite Realty Minnesota, it's currently listed at $349,900. It has been on the market for a total of 17 days and was last sold on December 1, 2020. This listing's school district is Forest Lake Public School District. Nearby schools include Forest Lake Elementary School, Forest Lake Area Middle School and Forest Lake Senior High School. 407 1st Avenue Northwest is a 0-bed, 0-bath, 1,900 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Elite Realty Minnesota

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 11/02/2024 11:09 AM