$630,000
Pending

1220 NW 3rd Avenue

Grand Rapids, MN 55744
Listing OfficeColdwell Banker Realty
Browse 49 photos
Type:Multi-Family
Structure:3 Family
Zone:Residential

Description

Unique, multi-family, lakeshore property in the heart of Grand Rapids! This triplex sits on 1+ acres of beautifully manicured grounds including a creek and 318ft of frontage on Crystal (Ice) Lake. Units 1 & 3 feature private decks overlooking the lake, while Unit 2 has a walk-out, covered patio. Units 1 & 2 have 2 bedrooms and 1 full bath each and share a 2-stall, divided garage. The larger, split-level Unit 3 has 3 bedrooms and 2 full baths with an oversized 2-stall garage. All units are currently rented to tenants who hope to stay with new ownership. This beautiful property includes a dock, walking bridge over the creek, and ample guest parking. The location cannot be beat, across the street from Yanmar Ice Arena, 1/2 mile from the Mesabi biking trailhead, near numerous parks/recreation areas, and across the lake from the Itasca County fairgrounds. Enjoy the many year-round festivals and events Grand Rapids has to offer. Don't miss this one-of-a-kind investment opportunity in a prime Northwoods location!

  • Property Details
      • Parking FeaturesDetached, Gravel, Asphalt, Shared Driveway, Garage Door Opener, Multiple Garages, Storage
      • Lot FeaturesAccessible Shoreline, Tree Coverage - Medium
      • Lot DescriptionAccessible Shoreline, Tree Coverage - Medium
      • RoofAge 8 Years or Less, Architectural Shingle
      • Basement DescriptionEgress Window(s), Finished, Full, Walkout
      • Waterfront FeaturesCreek/Stream, Dock, Lake Front, Lake View
      • SubdivisionKearneys 1st Add To Gr
      • Sewer InformationCity Sewer/Connected
      • Utility SourceCity Water/Connected
      • Property TypeMulti-Family
      • School DistrictGrand Rapids
      • HeatingBaseboard
      • ViewEast, Lake
      • Parcel Number915850210
      • Parking TypeDriveway
      • MLS #6550879
      • Property SubtypeTriplex
      • MLS #6550879
      • CountyItasca
      • Taxes Annual$6,684
      • Cost630000
      • Square Feet3536
      • Year Built1985
      • Days on Market (Cumulative)183
      • Parking Spaces4
      • Basement1
      • Basement Finished1
      • Waterfront1

Location

Sean O'Brien | CB RealtyReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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