NOT LISTED FOR SALE

124 E Lincoln St Caledonia, MN 55921

8 Beds
6 Baths
2,880 Sq Ft
8,276 Sq Ft Lot

Last Sold January 10, 2025

Last sale price $121,500 $42 Per Sq Ft

21 Days on Market

Highlights

  • Detached Carport Space
  • Community Deck or Porch
  • 2-minute walk to Pocket Park
  • Caledonia Elementary School Rated A-

About This Home

As of January 2025

Add this to your investment portfolio. 5 apartments along with a 1 bedroom bungalow. This property is ready for your ideas for renovation! It offers immense potential for the savvy investor or experienced developer. With solid bones and prime location, this property is ready for you to renovate and unlock its maximum value. While the property does require TLC, including interior and exterior, it presents an exciting chance to create a high-demand rental asset. Located just off the main street in town, they are ideal for walking to the parks, eateries, and schools. Take a look and make this a beauty again!

Last Agent to Sell the Property

Kelly Meyer

Keller Williams Premier Realty Listed on: 11/26/2024

Keller Williams Premier Realty

Last Buyer's Agent

Kelly Meyer

Keller Williams Premier Realty Listed on: 11/26/2024

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,106

Year Built

  • Built in 1939

Lot Details

  • 8,276

Parking

  • Detached Carport Space

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Additional Features

  • Lot Dimensions are 60x137
  • Boiler Heating System

Listing and Financial Details

  • Assessor Parcel Number R210763000

Community Details

Overview

  • 4 Units
  • Caledonia Subdivision

Amenities

  • Community Deck or Porch

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,106

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Type: Residential Income
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Association Amenities: Deck
  • Year Built: 1939
  • Above Grade Finished Sq Ft: 2880
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial
  • Living Area: 2880
  • Basement YN: Yes

Garage/Parking

  • Parking Features: Carport
  • Carport Spaces: 2

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Caledonia
  • SchoolDistrictPhone: 5077253389

Lot Info

  • Lot Size: 60x137
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 4

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: R210763000
  • Tax Annual Amount: 1106
  • TaxWithAssessments: 1106

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
01/10/2025 01/10/25 Sold $121,500 -19.0% $42 / Sq Ft
12/17/2024 12/17/24 Pending -- -- --
11/26/2024 11/26/24 For Sale $150,000 -- $52 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

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
2025 $2,050 $137,800 $24,500 $113,300
2024 $1,106 $125,100 $24,500 $100,600
2023 $1,624 $66,600 $14,100 $52,500
2022 $1,212 $56,900 $14,100 $42,800
2021 $2,024 $61,100 $14,100 $47,000
2020 $2,588 $105,500 $17,700 $87,800
2019 $2,050 $105,500 $17,700 $87,800
2018 $2,070 $105,500 $17,700 $87,800
2017 $2,070 $105,500 $17,700 $87,800
2016 $1,994 $104,300 $16,500 $87,800
2015 $1,910 $92,800 $16,500 $76,300
2014 $1,910 $93,600 $16,500 $77,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6635759

NorthstarMLS