$475,000

1220 N Front St Crookston, MN 56716

Estimated payment $3,128/month

Total Views 6,006
1 Bed
15 Baths
2,592 Sq Ft
$183 Price per Sq Ft

Highlights

  • 1.52 Acre Lot
  • Laundry Facilities
  • Heating Available

About This Home

Investment Opportunity in Crookston, MN!

Park Apartments - a 15-unit multifamily complex offering strong occupancy and significant value-add potential.

Currently 93.3% occupied, with rents well below market - providing an excellent opportunity for immediate income growth.$28.9K+ in targeted renovations have been completed across select units in past 24 months. Boiler replaced in 2021. Affordable Units with Upside: Efficiency/studio units with private entrances, and on-site coin laundry, with loads of parking and green space.

Prime Location: Conveniently located near local amenities, including grocery stores and shops, ensuring consistent tenant demand.

Lots of surrounding land for ample value add opportunities.

Contact us today to schedule a private tour and receive full financials.

Listing Agent

Derek Nolte

TruHome Realty License #9799 Listed on: 03/14/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,436

Year Built

  • Built in 1950

Lot Details

  • 1.52 Acre Lot
  • Lot Dimensions are 220x300

Home Design

  • 2,592 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 15 Bathrooms

Schools

  • Crookston Elementary And Middle School
  • Crookston High School

Utilities

  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 820089700

Community Details

Amenities

  • Laundry Facilities

Building Details

  • Electric Expense $2
  • Insurance Expense $2,440
  • Professional Management Expense $7
  • Water Sewer Expense $5

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,436

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Lot Size: 220x300
  • Property Sub Type: Multi Family
  • Prop. Type: MultiFamily
  • Year Built: 1950
  • Expenses Electricity: $2,253
  • Expenses Heat Expense: $4,473
  • Expenses Tax And Specials Exp: $7,436.00
  • Income Scheduled Rent: $5,735
  • Income: 59893.0
  • Income Vacancy Percent: 6.7%
  • Miscellaneous Laundry: Common Area
  • Schools Grade Schools: Crookston
  • Schools High Schools: Crookston
  • Schools Middle Schools: Crookston
  • Lot Size Acres: 1.52
  • Above Grade Finished Sq Ft: 2592.0
  • Carport Y N: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 1

Garage/Parking

  • Attached Garage: No
  • General Property Information:Garage Type: None

Utilities

  • Heating: Gas Hot Water
  • Heating Yn: Yes

Schools

  • Elementary School: Crookston
  • High School: Crookston
  • Middle Or Junior School: Crookston

Lot Info

  • Parcel #: 820089700
  • Zoning: A-1 Limited Development
  • Lot Size Sq Ft: 66000.0

Multi Family

  • Operating Expenses Insurance: 2439.85

Tax Info

  • Tax Annual Amount: 7436.0

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

Property History

Date Event Price Change Sq Ft Price
08/14/2025 08/14/25 Price Changed $475,000 -9.5% $183 / Sq Ft
03/14/2025 03/14/25 For Sale $525,000 -- $203 / Sq Ft
Source: Grand Forks Area Association of REALTORS®

Source: Grand Forks Area Association of REALTORS®

MLS Number: 25-281

Grand Forks Area Association of REALTORS®
Minnesota Polk County Crookston 56716

1220 N Front St, Crookston, MN

This home is located at 1220 N Front St, Crookston, MN 56716 and is currently priced at $475,000, approximately $183 per square foot. This property was built in 1950. 1220 N Front St is a home located in Polk County with nearby schools including Washington Elementary School, Highland Elementary School, and Crookston 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.

Grand Forks Area 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.

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Derek Nolte
Listing Agent
Derek Nolte
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TruHome Realty
(218) 752-0510