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Active NEW!
$685,000
/mo Edit
Commercial:  Apartments
Built 1890
0.4 acres
Duluth schools
MLS# 6771208
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    Property Description

    Don’t miss this opportunity to own this wonderful Lincolon Park 7 Plex! This building has had so many updates and has been well cared for for years! Rarely a vacancy, nice roomy apartments, great parking and a 4 stall garage for additional income! These spacious two bedroom units have separate water heaters, a great boiler heat system, a sprinkler system and more! Each unit has its own electrical pannel, each floor is zoned for heat. There is a black top parking lot for tenants. Two sets of coin op washer and dryers. Really nice turn key investment! Add this one to your portfolio!

    Listing

    Contingency: None
    City: Duluth
    County: St. Louis
    State: MN
    Property Style: Apartments
    Zip Code: 55806
    Subdivision Name: Duluth Proper Second Div

    Interior

    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 4
    Garage Dimensions: 38x26
    Garage Size: 988 ft2
    Other Parking Spaces: 10
    Air Conditioning: Window Unit(s)
    Foundation Size: 5,644 ft2
    Foundation Dimensions: IRREGULAR
    Handicap Accessible: Partially Wheelchair
    Heating System: Boiler
    Parking Features: Detached
    Exterior Material: Wood Siding

    Lot & Land

    Acres: 0.4
    Geolocation: 46.767415, -92.130144
    Inclusions: Building
    Lot Dimensions: 123 x 140
    Addl Parcels: 010118000990
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Schools

    School District: 709
    District Phone: 218-336-8700

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,386
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,386

    Units

    Total Units: 7

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Results.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.