605 Main ST Tower, MN 55790
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Contingent
Purchase Type For Sale
Square Footage 4,464 sqft
Price per Sqft $73
Subdivision Tower
MLS Listing ID 7046763
Bedrooms 8
Year Built 1982
Annual Tax Amount $758
Tax Year 2025
Contingent Inspection
Lot Size 6,969 Sqft
Lot Dimensions 140x50
Property Sub-Type Fourplex
Property Description
The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases.
Located in one of northern Minnesota's premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm.
Additional opportunity available with a neighboring commercial lot that may be purchased together or separately.
Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.
Location
State MN
County St. Louis
Zoning Residential-Single Family
Rooms
Basement None
Interior
Heating Boiler
Fireplace No
Laundry Other
Exterior
Parking Features Gravel, Off Site, On-Street Parking Only
Building
Story Two
Foundation 2979
Sewer City Sewer - In Street
Water City Water - In Street
Level or Stories Two
Structure Type Block,Concrete,Frame
New Construction false
Schools
School District St. Louis County
"Buying a home is one of the biggest decisions you’ll make. You deserve to be in the driver’s seat with someone in your corner who tells it to you straight. My job is to make the process clear, cut through the noise, and make sure you understand the full picture every step of the way. "