215 S 5th Street Montevideo, MN 56265
For Sale MLS# 7009752
6,797 sq ft Commercial
Details for 215 S 5th Street
MLS# 7009752
Description for 215 S 5th Street, Montevideo, MN, 56265
Rare opportunity to acquire a well-maintained 9-unit multifamily property featuring two separate buildings on one parcel. The main turn-of-the-century home offers seven units and retains much of its original historic charm, blending character with modern updates. A second building provides an additional two units, creating a versatile unit mix. Most units have been renovated, offering updated interiors while preserving classic architectural details. Property amenities include on-site coin laundry, a three-car garage, ample off-street parking, and a fenced yard with outdoor features.The property offers a strong 7% cap rate, making it an attractive option for investors seeking stable income. The combination of historic appeal, functional updates, and on-site amenities contributes to long-term value and broad rental appeal.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Lot Size: 0.53 Acres
Square Feet: 6,797 sq ft
Year Built: 1910
Foundation: 1,622 sq ft
Garage: Yes
Stories: Three Or More
Subdivision: Montevideo
Number Of Units Total: 9
Current Use: Residential
County: Chippewa
Days On Market: 46
Construction Status: Previously Owned
School Information
District: 129 - Montevideo
Interior Features
Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Water Softener - Owned
Flooring: Carpet,Vinyl/Linoleum,Wood
Basement: Finished (Livable)
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common,Hot Water Common
Heating: Boiler, Natural Gas
Exterior / Lot Features
Garage Spaces: 3
Open Parking: 10
Parking Description: Paved Lot, Garage Door Opener, More Parking Onsite for Fee, Driveway - Concrete, Detached Garage
Exterior: Brick/Stone
Roof: Architectural Shingle
Lot Dimensions: 200x105x108x22x92x127
Zoning: Residential-Multi-Family
Fencing: Full, Chain Link
Additional Exterior/Lot Features: Tree Coverage - Light, Underground Utilities, Land Inclusions - Building,Inventory,Rental License, Road Frontage - City, Curbs, Paved Streets, Sidewalks, Street Lights
Driving Directions
From Hwy 7 turn south on 5th St., and the home will be on your right about 8 blocks south.
Financial Considerations
Other Annual Tax: $8,392
Tenant Pays: See Remarks
Owner Pays: All Utilities,See Remarks
Gross Income: 98645
Tax/Property ID: 703750320
Tax Amount: 8392
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Weichert REALTORS Tower Properties
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 215 S 5th Street
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 215 S 5th Street
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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