717 South Cedar Avenue

Owatonna, MN 55060

$442,500
Price
—
Beds
—
Baths
4,792 Sq. Ft.
$92 / Sq. Ft.
4,792
Sq. Ft.
$92
per Sq. Ft.

Description

Income-Producing 7 unit property in the Heart of Owatonna! Discover this exceptional cash-flow-generating property perfectly situated in the vibrant heart of Owatonna. Boasting historic charm with updates throughout, this property is an ideal investment for those seeking minimal maintenance and steady income. Upgrades include a new roof, newer energy-efficient windows, and fresh paint throughout, ensuring long-term durability and appeal. The property's historic character shines through with unique...Income-Producing 7 unit property in the Heart of Owatonna! Discover this exceptional cash-flow-generating property perfectly situated in the vibrant heart of Owatonna. Boasting historic charm with updates throughout, this property is an ideal investment for those seeking minimal maintenance and steady income. Upgrades include a new roof, newer energy-efficient windows, and fresh paint throughout, ensuring long-term durability and appeal. The property's historic character shines through with unique architectural details, while thoughtful updates enhance its functionality and desirability. Whether you're a seasoned investor or a first-time buyer, this property offers an incredible opportunity to generate income while owning a piece of Owatonna's rich history. Don't miss out on this rare find! Contact us today for a private tour or more details.
  1. Listed by Berkshire Hathaway Advantage Real Estate

Property Details for 717 South Cedar Avenue

Subdivision Name
Phelps Add
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 01/28/2025 02:42 PM

Property Details for 717 South Cedar Avenue

StatusActive
MLS #6653271
Days on Compass21
Taxes$3,704 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1893
Lot Size0.46 AC / 20,037 SF
CountySteele County

Building Information for 717 South Cedar Avenue

Stories-Residences7Year Built1893Lot Size0.46 AC / 20,037 SF

Property Information for 717 South Cedar Avenue

Summary
Location and General Information
  • City Name: Owatonna
  • County Or Parish: Steele
  • County: Steele-MN
  • Directions: Coming from I-35, take the Bridge Street exit and head east into Owatonna. Continue on Bridge Street which turns into Main Street until you reach Cedar Avenue, then turn right onto Cedar Avenue. Follow Cedar Avenue south, and you will arrive at 717 S Cedar Avenue on the left.
  • Latitude: 44.077798
  • Longitude: -93.225421
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Owatonna
  • City and Location Text: Owatonna(MN)
  • Postal Code: 55060
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 171010519
  • Tax Annual Amount: $3,704.00
  • Tax Legal Description: BLK 5 N 5R OF LOTS 9 & 10 & COM NW COR L10 N8.25' E15R S8.25' W15' TO BEG EX COM 5R N & 1R W OF SE COR L9 W4R N9' E4R S9' TO BEG
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 3704.0000
School Information
  • High School District: 761 - Owatonna
  • School District Number: 761
  • School District Phone: 507-444-8610
Property
Lot Information
  • Current Use: Residential
  • Lot Size Area: 0.46
  • Lot Size Dimensions: 82.30 x 74
  • Lot Size Units: Acres
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 4792.0
Property and Assessments
  • Age Of Property: 132
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Common, Heating Common, Hot Water Common
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: Coin-op Laundry Owned, Fire Sprinkler System
  • Foundation Area: 1794.0
  • Fuel: Electric
  • Road Frontage Type: City Street, Sidewalks
  • Roof: Age 8 Years or Less, Asphalt
Interior Features
  • Appliances: Cooktop, Freezer, Gas Water Heater, Refrigerator
  • Amenities Unit: Ceiling Fan(s),Indoor Sprinklers,Kitchen Window,Walk-In Closet,Walk-Up Attic
  • Cooling: Window Unit(s)
  • Heating: Baseboard
  • Number of Refrigerator: One Per Unit
  • Basement YN: No
Multi Family
Unit 1
  • Unit Bath Full: 1
  • Unit Rooms Total: 5
  • Unit SqFt: 770
  • Unit Type Actual Rent: $1,350.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 1
Unit 2
  • Unit Bath Full: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 513
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 2
Unit 3
  • Unit Bath Full: 1
  • Unit Rooms Total: 3
  • Unit SqFt: 377
  • Unit Type Actual Rent: $875.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 3
Unit 4
  • Unit Bath Full: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 433
  • Unit Type Actual Rent: $930.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 4
Unit 5
  • Unit Bath Full: 1
  • Unit SqFt: 600
  • Unit Type Actual Rent: $700.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 5
Unit 6
  • Unit Bath Full: 1
  • Unit Rooms Total: 3
  • Unit SqFt: 323
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 6
Unit 7
  • Unit Bath Full: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 374
  • Unit Type Actual Rent: $825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 0
  • Unit Level: SECND
  • Unit Number: 7

Property History for 717 South Cedar Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 717 South Cedar Avenue

Taxable ValueLand$67,200Additions$124,400Total$191,600
Tax Record2024$3,704 ($309 / month)
Home Facts
Total Finished SqFt4,171 SqFtAbove Grade Finished SqFt4,171 SqFtStories2StyleMulti-Family Res (5+ Units)Year Built1893CountySTEELEAPN17-101-0519

Schools near 717 South Cedar Avenue

This home is within Owatonna Public School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lincoln Elementary School
PublicK to 6

Owatonna Junior High School
Public6 to 8

Owatonna Senior High School
Public9 to 12

Owatonna Night School
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.

Similar Homes

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717 South Cedar Avenue is for sale in Owatonna, MN 55060. This property was listed for sale on January 27, 2025 by Berkshire Hathaway Advantage Real Estate, it's currently listed at $442,500. It has been on the market for a total of 21 days and was last sold on May 24, 2019. This listing's school district is Owatonna Public School District. Nearby schools include Lincoln Elementary School, Owatonna Junior High School and Owatonna Senior High School. 717 South Cedar Avenue is a 0-bed, 0-bath, 4,792 sqft built in 1893.

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 Berkshire Hathaway Advantage Real Estate

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 01/28/2025 02:42 PM