2 months on rocket

305 Main Ave, Bigfork, MN, 56628

$100,000

Home List Price

$1,188*

Closing Credit

0 Baths
3,400 SqFt
$29/SqFt
Multi

Location

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305 Main Ave, Bigfork$100,000

Buyer Closing Credits

$1,188*

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

Other

Directions Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $100,000
  • Price Per SqFt: $29/SqFt
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Housing Market Comparison

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

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Bigfork, MN

City

Med. Sold Price

$250.9K

Med. Price/SqFt

$211

Avg. Days On Market

52

# of Sold Homes

3

305 Main Ave vs Bigfork

72 DAYS ON ROCKET

+20 Days

$100,000

-$150.9K Less

$29/SqFt

-$183 Less

KEY TAKEAWAY

This property is $150.9K less than the Median Sold Price and $183/SqFt less than other homes in Bigfork, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6599932

Listing Office:

  • Office Name: GRAND PROPERTIES REAL ESTATE

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Last updated on: 11/21/2024, 12:22:49 PM 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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$567

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$366

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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-289077
6
/10

  • Bigfork Elementary School

  • 100 Huskie Blvd

  • 0.15 miles

  • Public District Grades KG-6

school-card-donut-289078
5
/10

  • Northome Elementary School

  • 11731 Highway 1

  • 28.89 miles

  • Public District Grades PK-6

school-card-donut-289079
5
/10

  • King Elementary School

  • 500 5th St SE

  • 29.49 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,222. Most Bigfork, MN residents have annual incomes less than $35k. Typical family type is married, no kids. Residents of this area typically have high school diploma education.

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 $100,000.

While more than 1 listings in Bigfork, MN in October 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below. Between September 2024 and October 2024, Bigfork, MN real estate market has seen decrease in the number of listings by 11.8%. The median list price of listings available in October 2024 was $250,900, while the average time on the real estate market was 52 days.

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

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