4 months on rocket

1220 3rd Ave, Grand Rapids, MN, 55744

$630,000

Home List Price

$7,481*

Closing Credit

0 Baths
3,536 SqFt
$178/SqFt
Multi

Location

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1220 3rd Ave, Grand Rapids$630,000

Buyer Closing Credits

$7,481*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingDetached, Gravel, Asphalt, Shared Driveway, Garage Door Opener, Multiple Garages, Storage
Garage4 spaces
Year Built1985
HeatingBaseboard
BasementYes
WaterfrontCreek/Stream, Dock, Lake Front, Lake
ViewOther, Lake
MLS #6550879
StatusActive

About 1220 3rd Ave

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

Property Features

Property Information:

  • Year Built: 1985
  • Living Area: 3,536 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Waterfront: Creek/Stream, Dock, Lake Front, Lake
  • View: Other, Lake

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Detached, Gravel, Asphalt, Shared Driveway, Garage Door Opener, Multiple Garages, Storage

Lot Features

Lot Information:

  • Lot: Accessible Shoreline, Some Trees

Utilities

Utilities Information:

  • Heating: Baseboard

School Info

Assigned Schools Information:

  • Grand Rapids Senior High School, Public District Grades 9-12
  • Robert J. Elkington Middle School, Public District Grades 5-8
  • Forest Lake Elementary School, Public District Grades KG-4

Other

Directions Information:

  • Directions: From the SE: NW on Hwy 2/6th Ave NE. Left on NE 4th St. Right on NW 3rd Ave. 3/4 mile to property. From the S: N on Pokegama Ave/Hwy 169. Left on NW 4th St. Right on NW 3rd Ave. 3/4 mile to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $630,000
  • Price Per SqFt: $178/SqFt
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Housing Market Comparison

See how this home compares to others in Grand Rapids, MN.

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Grand Rapids, MN

City

Med. Sold Price

$275K

Med. Price/SqFt

$159

Avg. Days On Market

52

# of Sold Homes

20

1220 3rd Ave vs Grand Rapids

145 DAYS ON ROCKET

+93 Days

$630,000

+$355K More

$178/SqFt

+$18 More

KEY TAKEAWAY

This property is $355K more than the Median Sold Price and $18/SqFt more than other homes in Grand Rapids, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6550879

Listing Office:

  • Office Name: Coldwell Banker Realty

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Last updated on: 11/5/2024, 9:22:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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.

Elementary School

school-card-donut-1942152
5
/10

  • Forest Lake Elementary School

  • 715 NW 7th Ave

  • 0.60 miles

  • Public District Grades KG-4

Middle School

school-card-donut-1942153
5
/10

  • Robert J. Elkington Middle School

  • 1000 NE 8th Ave

  • 0.90 miles

  • Public District Grades 5-8

High School

school-card-donut-1942154
8
/10

  • Grand Rapids Senior High School

  • 800 NW Conifer Dr

  • 0.48 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,828. The majority of Grand Rapids, MN residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Itasca County›Grand Rapids›55744›1220 3rd Ave

This home is located at 1220 3rd Ave in Grand Rapids, MN and zip code 55744. This 3,536 square foot home was built in 1985. It has been listed on Rocket Homes since June 12, 2024 and is currently priced at $630,000.

In October 2024, from all listings sold in Grand Rapids, MN there were more than 7 sold above asking price, over 10 sold below and more than 3 were sold right at the asked price. The number of listings in Grand Rapids, MN decreased by 7.9% between September 2024 and October 2024. In October 2024, listings were on the market for 52 days. During the same period, the median list price in this real estate market was $275,000.

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

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