10 days on rocket

305 Main Ave, Bigfork, MN, 56628

$120,000

Home List Price

$1,425*

Closing Credit

0 Baths
3,400 SqFt
$35/SqFt
Multi

Location

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305 Main Ave, Bigfork$120,000

Buyer Closing Credits

$1,425*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAsphalt
Year Built1960
HeatingForced Air
BasementYes
MLS #6599932
StatusActive

About 305 Main Ave

Check out this great opportunity to own a 3 unit apartment building in the heart of Bigfork, MN with frontage on the Bigfork River! There is a 1 bedroom apartment with a walk in closet and a full bath and a long term tenant. Next to this apartment is a commercial space currently rented out by the US Post Office with a long term lease through 2034. In the back is a big 3 bedroom unit with big living room windows overlooking the backyard, new appliances, new countertop, mostly newer windows, and a bathroom upgrade with laundry hookups, and a big back deck to relax on. The tenants do snow removal and lawn care and pay for their own electric. Landlord pays for heat, water, and sewer. This would be a great owner occupant situation for anyone! Other recent upgrades include new electrical service boxes in the post office and 1 bedroom apartment, new sump pump, new water heater, new doors on the apartments and lower level, and newly painted front of the building. Potential income with the 3 bedroom apartment rented out would be $28,004.04 a year with expenses being around $9,155 for a net income of $18,849!

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Living Area: 3,400 SqFt

Listing Office:

  • Office Name: GRAND PROPERTIES REAL ESTATE

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Asphalt

Utilities

Utilities Information:

  • Heating: Forced Air

School Info

Assigned Schools Information:

  • Bigfork Secondary School, Public District Grades 7-12
  • Bigfork Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: Follow hwy 38 to address. no sign on property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $120,000
  • Price Per SqFt: $35/SqFt
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MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6599932

Listing Office:

  • Office Name: GRAND PROPERTIES REAL ESTATE

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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-167676
6
/10

  • Bigfork Elementary School

  • 100 Huskie Blvd

  • 0.11 miles

  • Public District Grades KG-6

High School

school-card-donut-167677
3
/10

  • Bigfork Secondary School

  • 100 Huskie Blvd

  • 0.11 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,222. Most Itasca County, MN residents have annual incomes less than $35k. The majority of families are married, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Itasca County›Bigfork›56628›305 Main Ave

This home is located at 305 Main Ave in Bigfork, MN and zip code 56628. This 3,400 square foot home was built in 1960. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $120,000.

Over 23 listings were sold over their listed price in August 2024 in Itasca County, MN. In the same period over 39 listings were sold below the listed price and 22 listings were sold for the listed price. In August 2024 in Itasca County, MN there were 6.5% more homes for sale than in July 2024. The median list price of listings available in August 2024 was $250,656, while the average time on the real estate market was 43 days.

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

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