520 Ravine Street

Faribault, MN 55021

$450,000
Price
—
Beds
4,781 Sq. Ft.
$94 / Sq. Ft.
4,781
Sq. Ft.
$94
per Sq. Ft.

Description

Charming 5-Unit Rental Property in Historic Faribault! Nestled near the heart of Faribault’s vibrant and historic downtown, this charming 5-unit rental property offers a rare blend of timeless character and modern convenience. Located within walking distance to the Minnesota Academy for the Deaf and the prestigious Shattuck-St. Mary’s School, this property is ideally situated for tenants seeking proximity to top local institutions and the amenities of downtown living. Inside, the building showcases...Charming 5-Unit Rental Property in Historic Faribault! Nestled near the heart of Faribault’s vibrant and historic downtown, this charming 5-unit rental property offers a rare blend of timeless character and modern convenience. Located within walking distance to the Minnesota Academy for the Deaf and the prestigious Shattuck-St. Mary’s School, this property is ideally situated for tenants seeking proximity to top local institutions and the amenities of downtown living. Inside, the building showcases original hardwood floors, elegant arched doorways, and classic architectural details that create a warm and inviting atmosphere. Tenants enjoy the convenience of on-site laundry facilities and off-street parking, while the property’s layout and features make it an excellent opportunity for an owner-occupant to live comfortably while generating rental income. Whether you’re an investor looking to expand your portfolio or a homeowner seeking a property with income potential, this versatile gem is worth exploring. Don't miss the chance to own a piece of Faribault’s historic charm with incredible potential for the future. Schedule your showing today!
  1. Listed by eXp Realty

Property Details for 520 Ravine Street

Subdivision Name
City/Faribault
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 12/06/2024 08:05 PM

Property Details for 520 Ravine Street

StatusActive
MLS #6637545
Days on Compass16
Taxes$4,732 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1900
Lot Size0.44 AC / 19,166 SF
CountyRice County

Building Information for 520 Ravine Street

Stories-Residences5Year Built1900Lot Size0.44 AC / 19,166 SF

Property Information for 520 Ravine Street

Summary
Location and General Information
  • City Name: Faribault
  • County Or Parish: Rice
  • County: Rice-MN
  • Directions: 35W S. TO FARIBAULT TURN E ON HWY 60 TO RAVINE
  • Latitude: 44.294898
  • Longitude: -93.259692
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Faribault
  • City and Location Text: Faribault(MN)
  • Postal Code: 55021
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 1831126026
  • Tax Annual Amount: $4,732.00
  • Tax Legal Description: ORIG TOWN PART B28 & PART VACATED 4TH ST BEG 230FT S & 73FT W OF NE COR TH W 125FT S163.7FT NELY 127.29FT N138.5FT TO BEG
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 4732.0000
School Information
  • High School District: 656 - Faribault
  • School District Number: 656
  • School District Phone: 507-333-6016
Property
Lot Information
  • Current Use: Residential
  • Lot Features: Tree Coverage - Light
  • Lot Size Area: 0.44
  • Lot Size Dimensions: 125x165
  • Lot Size Units: Acres
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 4781.0
Property and Assessments
  • Age Of Property: 124
Utilities
  • Sewer: City Sewer - In Street
  • Utilities: Electric Separate, Heating Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 2462.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Asphalt, Pitched
Interior Features
  • Amenities Unit: Hardwood Floors
  • Cooling: None
  • Heating: Hot Water
  • Levels: Two
  • Number of Refrigerator: Five
  • Basement YN: No
Multi Family
Unit 1
  • Unit Bath 3Qtr: 1
  • Unit Bath Full: 0
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 7
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Is Leased: 0
  • Unit Level: MAIN
  • Unit Number: A
Unit 2
  • Unit Bath 3Qtr: 1
  • Unit Rooms Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: B
Unit 3
  • Unit Bath Full: 1
  • Unit Rooms Total: 4
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: C
Unit 4
  • Unit Bath 3Qtr: 1
  • Unit Rooms Total: 6
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 0
  • Unit Level: SECND
  • Unit Number: D
Unit 5
  • Unit Bath 3Qtr: 1
  • Unit Rooms Total: 5
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: E

Property History for 520 Ravine Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 520 Ravine Street

Taxable ValueLand$76,100Additions$248,400Total$324,500
Tax Record2024$4,732 ($394 / month)
Home Facts
Baths5Total Finished SqFt4,781 SqFtAbove Grade Finished SqFt4,781 SqFtStories2Lot Size19,062 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900CountyRICEAPN18.31.1.26.026

Schools near 520 Ravine Street

This home is within Faribault Public School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - PK to 5
Faribault Middle School
Public - 6 to 8
Faribault Senior High School
Public - 9 to 12
Secondary Area Learning Center Summer
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicPK to 5

Faribault Middle School
Public6 to 8

Faribault Senior High School
Public9 to 12

Secondary Area Learning Center Summer
Public9 to 12

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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More information about 520 Ravine Street, Faribault, MN 55021

520 Ravine Street is for sale in Faribault, MN 55021. This property was listed for sale on December 6, 2024 by eXp Realty, it's currently listed at $450,000. This listing's school district is Faribault Public School District. Nearby schools include Roosevelt Elementary School, Faribault Middle School and Faribault Senior High School. 520 Ravine Street is a 0-bed, 0-bath, 4,781 sqft built in 1900.

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 eXp Realty

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 12/06/2024 08:05 PM