Grand Rapids, MN 55744,515 NW 7th AVE
See all 31 photos
Grand Rapids, MN 55744,515 NW 7th AVE
Grand Rapids, MN 55744,515 NW 7th AVE
Grand Rapids, MN 55744,515 NW 7th AVE
Grand Rapids, MN 55744,515 NW 7th AVE

$216,000

Est. payment /mo

$209,000

3.3%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

515 NW 7th AVE Grand Rapids, MN 55744

1,880 SqFt

SOLD DATE : 02/21/2025

Key Details

Sold Price $216,000

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Sold

Purchase Type For Sale

Square Footage 1,880 sqft

Price per Sqft $114

Subdivision Grand Rapids Second Div

MLS Listing ID 6652316

Sold Date 02/21/25

Year Built 1952

Annual Tax Amount $2,259

Tax Year 2024

Contingent None

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 45x143x45x143

Property Sub-Type Duplex Up and Down

Property Description

Fantastic Opportunity to Live, Earn, and Enjoy – All in One Place!
Have you ever dreamed of living in your very own Airbnb while having an additional apartment upstairs to help minimize your mortgage? If so, this property is perfect for you!
This meticulously maintained duplex is currently being run as an Airbnb on the main level, with an additional apartment upstairs that could generate $850+ per month in rental income. Are you an investor looking to expand your portfolio? Keep the setup as it is and enjoy steady cash flow.
The main level features two bedrooms, one full bathroom, and an open-concept kitchen, living, and dining area. It also includes a basement with a washer and dryer, as well as a versatile flex space that can be used for storage or as a potential playroom.
The upstairs apartment has a private entrance at the back and includes a kitchen, two bedrooms, one full bathroom, and a cozy living area.
The property also boasts a detached garage and a freshly built pergola adorned with string lights, creating a warm and inviting path to your home.
Move-in ready and offering flexibility, this duplex is ideal for owner-occupants who want to rent one unit or for investors seeking a combination of Airbnb and long-term rental income. Don't miss your chance to own this income-generating gem.

Location

State MN

County Itasca

Zoning Residential-Multi-Family

Rooms

Basement Block, Full

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features Detached

Garage Spaces 1.0

Roof Type Asphalt

Building

Story Two

Foundation 720

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Vinyl Siding

New Construction false

Schools

School District Grand Rapids

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Alexandra Bloch • EDGE OF THE WILDERNESS REALTY
agent

Curtis Nelson

Agent | License ID: 87201-94

+1(715) 557-2191

GET MORE INFORMATION

Name
Phone*
Message