345 2nd Avenue SW Milaca, MN 56353
For Sale MLS# 7036294
5 beds 2 baths 2,076 sq ft Multi-family
Details for 345 2nd Avenue SW
MLS# 7036294
Description for 345 2nd Avenue SW, Milaca, MN, 56353
Lower Unit is currently vacant, offering a perfect opportunity for owner-occupants to live in the lower unit and rent the upper unit. Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit. With the upper lease in place through 2026, providing immediate and stable income. Recent updates in both units include painted cabinets, updated fixtures, and new lighting. See supplements for more updates/details. Roof replaced in 2022. The property also features separately metered utilities and a detached 3-stall garage with a separate electric meter (2024), offering added income potential or flexibility for owner use. Tenants pay for gas, electricity, lawn care, and snow removal, which helps keep operating expenses low. This is a great fit for those seeking a reliable investment, a house-hack opportunity, or a multi-family property.
Listing Information
Property Type: Multi-family, Duplex Up and Down
Status: Active
Bedrooms: 5
Bathrooms: 2
Lot Size: 0.41 Acres
Square Feet: 2,076 sq ft
Year Built: 1920
Foundation: 1,351 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Fifth Add To Milaca
Number Of Units Total: 2
County: Mille Lacs
Days On Market: 74
Construction Status: Previously Owned
School Information
District: 912 - Milaca
Interior Features
Square Footage above: 2,076 sq ft
Basement: Full, Unfinished, Daylight/Lookout Windows
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Baseboard, Boiler, Hot Water, Natural Gas, Radiant, Radiator
Exterior / Lot Features
Garage Spaces: 3
Parking Description: Garage Door Opener, Detached Garage, Driveway - Asphalt, Garage Dimensions - 7x16, Garage Sq Ft - 728.0
Exterior: Fiber Board
Roof: Age 8 Years or Less, Asphalt Shingles
Lot Dimensions: 122x148
Zoning: Residential-Multi-Family,Residential-Single Family
Topography: Sloped, Level
Additional Exterior/Lot Features: Corner Lot, Tree Coverage - Medium
Driving Directions
Milaca - Hwy. 23 / 4th Street, go north on 2nd Ave SW - Home on right
Financial Considerations
Other Annual Tax: $15
Tenant Pays: Electric,Gas,Lawn,Snow
Owner Pays: Sewer,Trash,Water
Gross Income: 36000
Expense: 7439
Tax/Property ID: 210460070
Tax Amount: 3434
Tax Year: 2026
HomeStead Description: Non-Homesteaded
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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 345 2nd Avenue SW
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 345 2nd Avenue SW
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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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