$64,999

118 2nd St S Virginia, MN 55792

Estimated payment $433/month

Total Views 20,393
3 Beds
2 Baths
1,742 Sq Ft
$37 Price per Sq Ft

About This Home

SELLER MOTIVATED! ASK ABOUT A BUNDLE DEAL THAT INCLUDES 3 OTHER PROPERTIES! Welcome to this great up/down duplex located in the vibrant and growing community of Virginia, MN. Offering a fantastic investment opportunity or owner-occupant living with rental income potential, this property is perfectly situated near local favorites, including Dave’s Pizza, Main Street, and a variety of small businesses. It also provides easy access to Highway 53, just minutes from the shopping district and local amenities. Upgrades: Newer HVAC, electrical, and plumbing systems, ensuring modern efficiency and peace of mind for years to come. Additional Potential: The large back lot offers the possibility of adding a garage, enhancing the property’s value and convenience. Schedule a showing today!

Listing Agent

Jacob Fahrendorff

Keller Williams Classic Realty Northwest License #40739435 Listed on: 01/24/2025

Keller Williams Classic Realty Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $890

Year Built

  • Built in 1906

Lot Details

  • Lot Dimensions are 120 x 25

Home Design

  • 1,742 Sq Ft Home
  • Duplex

Community Details

Overview

  • 2 Units

Building Details

  • Utility Expense $5,416
  • Gross Income $22,380
  • Net Operating Income $13,270

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$890

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Class: Multi Family
  • Lvt Date: 01/24/2025
  • Real Estate Tax: 890
  • Total Above Grade Sq Ft: 1742
  • Type: Duplex
  • Year Built: 1906
  • Lot Size Length: 120
  • Lot Size Width: 25
  • Utilities Expenses: 5416
  • Net Income: 13270
  • Projected Income: 22380
  • Repairs Maint Expenses: 3694
  • Total Expense: 9110
  • Total Income: 22380
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 1742
  • Lower Level Sq Ft: 634
  • Main Level Sq Ft: 624
  • Upper Level Sq Ft: 1118

Fee Information

  • Rent Income: 22380

Schools

  • School District: Virginia

Lot Info

  • Zoning: Res

Rental Info

  • Actual Income: 22380

Multi Family

  • Number Of Units: 2

Tax Info

  • Taxes: 890

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,004 $42,400 $2,500 $39,900
2022 $624 $27,200 $2,200 $25,000
2021 $550 $29,000 $2,200 $26,800
2020 $536 $25,000 $2,200 $22,800
2019 $412 $25,000 $2,200 $22,800
2018 $410 $21,000 $2,500 $18,500
2017 $532 $21,000 $2,500 $18,500
2016 $540 $25,600 $2,500 $23,100
2015 $511 $28,700 $2,500 $26,200
2014 $511 $28,700 $2,500 $26,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Price Changed $64,999 -7.1% $37 / Sq Ft
05/22/2025 05/22/25 Price Changed $69,999 -12.5% $40 / Sq Ft
01/31/2025 01/31/25 Price Changed $79,999 -11.1% $46 / Sq Ft
01/24/2025 01/24/25 For Sale $90,000 -- $52 / Sq Ft
Source: Range Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed $500 None Listed On Document
Contract Of Sale $200,000 --
Corporate Deed $21,215 --
Contract Of Sale $21,215 --
Contract Of Sale $22,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 Seller Take Back
Source: Public Records

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Source: Range Association of REALTORS®

MLS Number: 147875

Range Association of REALTORS®

APN: 090001012080

Minnesota St Louis County Virginia 55792

118 2nd St S, Virginia, MN

This home is located at 118 2nd St S, Virginia, MN 55792 and is currently priced at $64,999, approximately $37 per square foot. This property was built in 1906. 118 2nd St S is a home located in St. Louis County with nearby schools including Parkview Elementary School, North Star Elementary School, and Virginia Secondary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Range Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Jacob Fahrendorff
Section Image
Keller Williams Classic Realty Northwest
(218) 506-1694