523 NW 7th Avenue Grand Rapids, MN 55744
For Sale MLS# 6130442
6 beds 4 baths 3,720 sq ft Multi-family
MLS# 6130442
Great potential in this multifamily apartment building. 17,800 total square feet. Great GR location close to parks, shopping, and amenities. With some sweat equity and vision, this can be a tremendous investment opportunity. 2 units are finished and have been rented for years at $2,750 total per month. Remaining build-out could potentially have 4-6 more units. View supplement info for renderings on the potential layout. Much of the infrastructure has been completed water/sewer/electric is set up in the building. Zoned LB so some possible commercial applications also.
Property Type: Multi-family, Apartments/Multi Family
Status: Active
Bedrooms: 6
Bathrooms: 4
Lot Size: 0.41 Acres
Square Feet: 3,720 sq ft
Year Built: 1950
Foundation: 6,056 sq ft
Garage: No
Stories: 1.5 Stories
Construction:
Property Attached: No
Date Available:
Model Home:
Development:
Completion date:
Subdivision: Grand Rapids Second Div
Builder:
Foundation:
Total Units: 2
Current Use:
Background Check: No
Furnished:
Smoking Permitted: No
In Foreclosure: No
Lender Owned: No
Potential Short Sale: No
Auction: No
County: Itasca
Days On Market: 489
HERS Score:
Construction Status: Previously Owned
District: 318 - Grand Rapids
Elementary:
Middle:
High:
Bathrooms
Full Baths: 1
3/4 Baths: 1
1/2 Baths: 2
Square Footage above: 3,720 sq ft
Square Footage below:
Flooring:
Basement: Poured Concrete, Concrete Block, Unfinished, Partial Finished
Accessibility: Doors 36+
Additional Interior Features:
Water: City Water/Connected, City Water - In Street
Sewer: City Sewer/Connected
Available Utilities:
Other Utilities:
Heating: Baseboard, Electric
Parking Description: On-Street Parking Only, Paved Lot, Garage Sq Ft - 0.00
Exterior: Brick/Stone
Roof: Asphalt Shingles
Lot View:
Lot Dimensions: 10725
Farm Type:
Crop Type:
Zoning: Other,Residential-Multi-Family
Topography: Level
Additional Exterior/Lot Features: Corner Lot, Road Frontage - City, Street Lights, Storm Sewer
Soil Type:
Tillable Acres:
Number of Units Like This: 1
Monthly Rent: 1100
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 4
Number of Units Like This: 1
Monthly Rent: 1200
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 4
Other Deposit Fees:
Covenants/Deed Restrictions:
Terms:
Tenant Pays: Electric,Water/Sewer
Owner Pays:
Annual Income: $25,200
Ownership Type:
Tax/Property ID: 914201205
Tax Amount: $5,370
Tax Year: 2021
HomeStead Description: Non-Homesteaded
| Date | Price | Change |
|---|---|---|
| 4/7/2022 12:48 PM | $379,000 | -$20,900 |
| 11/24/2021 01:12 PM | $399,900 |
A broker reciprocity listing courtesy: COLDWELL BANKER NORTHWOODS
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.
Copyright 2023 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
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Data powered by ATTOM Data Solutions. Copyright© 2023. Information deemed reliable but not guaranteed.
| Schools in attendance boundaries | Grades | Distance | SchoolDigger® Rating i |
|---|---|---|---|
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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.
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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All rights reserved. 
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