423 1ST Street NW Cass Lake, MN 56633
For Sale MLS# 6786479
5 beds 3 baths 3,024 sq ft Multi-family
Details for 423 1ST Street NW
MLS# 6786479
Description for 423 1ST Street NW, Cass Lake, MN, 56633
This triplex offers immediate cash flow with proven rental history. Currently generating $1,975 per month in gross rent, this property exceeds the 1% rule and is an excellent addition to any portfolio.
Listing Information
Property Type: Multi-family, Triplex
Status: Active
Bedrooms: 5
Bathrooms: 3
Lot Size: 0.22 Acres
Square Feet: 3,024 sq ft
Year Built: 1940
Foundation: 1,008 sq ft
Stories: More Than 2 Stories
Number Of Units Total: 3
County: Cass
Days On Market: 107
Construction Status: Previously Owned
School Information
District: 115 - Cass Lake-Bena Schools
Interior Features
Square Footage above: 3,024 sq ft
Basement: Owner Access
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Baseboard, Electric
Exterior / Lot Features
Parking Description: On-Street Parking Only, Parking Lot, Garage Dimensions - 0, Garage Door Height - 0, Garage Door Width - 0, Garage Sq Ft - 0.00
Exterior: Cedar
Lot Dimensions: 75.6x129.75.6x129
Zoning: Residential-Multi-Family
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 700
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 4
Unit 2 Units Total: 1
Unit 2 Actual Rent: 550
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 2 Rooms Total: 3
Unit 3 Units Total: 1
Unit 3 Actual Rent: 725
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 3 Rooms Total: 4
Driving Directions
South on HWY 371 from US HWY 2. Take a left onto 1st St NW and the triplex will be on your left.
Financial Considerations
Other Annual Tax: $66
Tenant Pays: Electric,Fuel
Gross Income: 24300
Expense: 3200
Tax/Property ID: 853441025
Tax Amount: 1264
Tax Year: 2025
HomeStead Description: Non-Homesteaded
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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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 423 1ST Street NW
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 423 1ST Street NW
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Data powered by ATTOM Data Solutions. Copyright© 2025. 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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