1818-1 W Highway 61 Grand Marais, MN 55604
Estimated payment $3,941/month
Highlights
- No HOA
- 1-Story Property
- Level Lot
- Views
- Baseboard Heating
- Wood Siding
About This Home
Unique opportunity to find long-term, residential rental homes in the city limits of Grand Marais. There are two 3 bedroom, 2 bathroom homes and a two bedroom, 2 bath home. These homes are all one level, feature electric heat and are completed with half-log interior siding. There is room for expansion on this 1.3+ acre property that includes additional building pads with utilities stubbed in at the site. The property is zoned Commercial Industrial, so it could be converted to vacation rentals or some other type of commercial usage. The property is located off Highway 61 and abuts the Bike Trail, which doubles as a great walking path to downtown Grand Marais.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,758
Year Built
- Built in 2000
Lot Details
- 1.31 Acre Lot
- Lot Dimensions are 250 x 255
- Property fronts a highway
- Level Lot
- Few Trees
Home Design
- Poured Concrete
- Wood Frame Construction
- Asphalt Shingled Roof
- Wood Siding
- Log Siding
- Modular or Manufactured Materials
Interior Spaces
- 960 Sq Ft Home
- 1-Story Property
- Crawl Space
- Property Views
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Bathrooms
Parking
- No Garage
- Off-Street Parking
Utilities
- Baseboard Heating
- Electric Water Heater
- Fiber Optics Available
Community Details
- No Home Owners Association
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 80-020-3280
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $5,122 | $447,800 | $107,500 | $340,300 |
| 2023 | $48 | $412,800 | $103,100 | $309,700 |
| 2022 | $5,370 | $360,700 | $93,300 | $267,400 |
| 2021 | $5,168 | $337,400 | $88,900 | $248,500 |
| 2020 | $5,202 | $332,000 | $88,900 | $243,100 |
| 2019 | -- | $334,700 | $88,900 | $245,800 |
| 2018 | -- | $251,600 | $60,900 | $190,700 |
| 2017 | -- | $254,100 | $61,000 | $193,100 |
| 2016 | -- | $252,800 | $59,700 | $193,100 |
| 2015 | -- | $254,900 | $59,700 | $195,200 |
| 2014 | -- | $256,900 | $59,700 | $197,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/18/2025 07/18/25 | For Sale | $639,900 | +3.2% | $667 / Sq Ft |
| 05/26/2022 05/26/22 | Sold | $620,000 | +12.7% | $646 / Sq Ft |
| 03/14/2022 03/14/22 | Pending | -- | -- | -- |
| 03/09/2022 03/09/22 | For Sale | $549,900 | -- | $573 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $620,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $496,000 | New Conventional |
Source: Lake Superior Area REALTORS®
MLS Number: 6120592
APN: 80-020-3280
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