Grand Rapids, MN 55744,523 NW 7th AVE
Grand Rapids, MN 55744,523 NW 7th AVE
Grand Rapids, MN 55744,523 NW 7th AVE
25
$300,000
$349,900
14.3%
Est.Price: ?

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3,720 SqFt

523 NW 7th AVE Grand Rapids, MN 55744

Est. payment /mo
SOLD DATE : 10/13/2023

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Key Details

Sold Price $300,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Square Footage 3,720 sqft

Price per Sqft $80

Subdivision Grand Rapids Second Div

MLS Listing ID 6130442

Sold Date 10/13/23

Year Built 1950

Annual Tax Amount $5,370

Tax Year 2021

Contingent None

Lot Size 0.410 Acres

Acres 0.41

Lot Dimensions 10725

Property Description

Variance Approved for 7 more units , total of 9 possible units! 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 7 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.

Location

State MN

County Itasca

Zoning Residential-Multi-Family,Other

Rooms

Basement Block, Concrete, Partially Finished, Unfinished

Interior

Heating Baseboard

Fireplace No

Exterior

Garage On-Street Parking Only, Paved

Roof Type Asphalt

Parking Type On-Street Parking Only, Paved

Building

Lot Description Corner Lot

Story One and One Half

Foundation 6056

Sewer City Sewer/Connected

Water City Water/Connected, City Water - In Street

Level or Stories One and One Half

Structure Type Brick/Stone

New Construction false

Schools

School District Grand Rapids

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Listed by Mitchel Kellin • COLDWELL BANKER NORTHWOODS

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Nicole Biczkowski

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