9 days on rocket

116 2nd St S, Virginia, MN, 55792

$145,000

Home List Price

$1,722*

Closing Credit

0 Baths
1,361 SqFt
$107/SqFt
Multi

Location

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116 2nd St S, Virginia$145,000

Buyer Closing Credits

$1,722*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1906
HeatingBaseboard
BasementYes
MLS #6642797
StatusActive

About 116 2nd St S

This triplex is a prime opportunity for investors or those seeking a project in a growing area. Located just minutes from prime downtown Virginia, MN, and conveniently close to Highway 53, this property offers easy access to local businesses, including the popular Dave’s Pizza and other surrounding small shops. The property features three separate units, each with its own living area and kitchen. Here's a breakdown of the units: Unit 1: 1 bedroom, 1 bathroom Unit 2: 3 bedrooms, 1 bathroom Unit 3: 1 bedroom, 1 bathroom While the building is in need of some TLC, it has several key updates already in place, including newer HVAC, plumbing, and electrical meters. With a little vision and elbow grease, this property has tremendous potential to be a lucrative investment or a charming multi-unit rental in a growing neighborhood. Don't miss your chance to own this versatile triplex in a great location! Schedule a showing today to see the possibilities for yourself.

Property Details

Property Features

Property Information:

  • Year Built: 1906
  • Living Area: 1,361 SqFt

Listing Office:

  • Office Name: Keller Williams Classic Rlty NW

Interior Features

Interior Information:

  • Basement: Yes

Utilities

Utilities Information:

  • Heating: Baseboard

Other

Directions Information:

  • Directions: From highway 53 turn onto second avenue w. From second avenue turn onto second street south. From there you will see the home on your left!

Price Information

Listing Price Info

Price Summary:

  • List Price: $145,000
  • Price Per SqFt: $107/SqFt

Tax Information:

  • Annual Amount: $1,180
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Virginia, MN.

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Virginia, MN

City

Med. Sold Price

$143.6K

Med. Price/SqFt

$93

Avg. Days On Market

84

# of Sold Homes

6

116 2nd St S vs Virginia

9 DAYS ON ROCKET

-75 Days

$145,000

+$1.4K More

$107/SqFt

+$14 More

KEY TAKEAWAY

This property is $1.4K more than the Median Sold Price and $14/SqFt more than other homes in Virginia, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6642797

Listing Office:

  • Office Name: Keller Williams Classic Rlty NW

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Last updated on: 1/4/2025, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,180$43,500
2019$1,144$43,500
2017$1,020$42,600

History based on county public records data.

Payment Calculator

$791

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$501

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-503647
8
/10

  • Merritt Elementary School

  • 8659 Unity Dr

  • 2.93 miles

  • Public District Grades PK-6

school-card-donut-503648
4
/10

  • Cherry Elementary School

  • 3943 Tamminen Rd

  • 11.58 miles

  • Public District Grades PK-6

school-card-donut-503649
5
/10

  • Mesabi East Elementary School

  • 601 N 1st St W

  • 13.65 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,000. Residents of Virginia, MN typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Saint Louis County›Virginia›55792›116 2nd St S

This home is located at 116 2nd St S in Virginia, MN and zip code 55792. This 1,361 square foot home was built in 1906. It has been listed on Rocket Homes since December 27, 2024 and is currently priced at $145,000.

Virginia, MN housing market in December 2024 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 4 sold below. The number of listings in Virginia, MN decreased by 31% between November 2024 and December 2024. Listings spent 84 days on the market in December 2024, and had a median list price of $143,600 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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