205 1st Ave SE Pine City, MN 55063
Estimated payment $1,356/month
About This Home
Affordable Investor opportunity or owner-occupant duplex next to Cross lake and 2
blocks from down town. This spacious and unique property features 5 bedrooms and
2bathrooms, offering flexible living arrangements in a high-demand location. With work
and school in walkable radius, rental units are in extremely high demand. The upper unit
includes 2 bedrooms, 1 bathroom, a living room, and large kitchen. The main level
features 3 bedrooms, bathroom, living room, and back private porch connected to back
bedroom. Main floor is spacious and ideal for family or live in landlord. Exterior cleaned
up this summer with some new windows, new paint, and resurfaced driveway. The lower
level includes laundry hook ups in basement and ample storage space with plenty of
potential. With two 2-car detached garages and plenty of off-street parking, this duplex
combines space, convenience, and location. Perfect for Pine Tech student housing,
rental income, or multi-generational living.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,660
Year Built
- Built in 1895
Lot Details
- Lot Dimensions are 100x150
Parking
- 3 Car Garage
Home Design
- Duplex
Interior Spaces
- 1,712 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Block Basement Construction
Utilities
- Boiler Heating System
- 150 Amp Service
Community Details
- 2 Units
- Townsite Of Pine City Subdivision
Listing and Financial Details
- The owner pays for gas, sewer, trash collection
- Assessor Parcel Number 0425006000
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 |
|---|---|---|---|---|
| 2025 | $2,762 | $159,900 | $45,000 | $114,900 |
| 2024 | $2,650 | $179,200 | $37,000 | $142,200 |
| 2023 | $2,382 | $170,700 | $42,800 | $127,900 |
| 2022 | $2,208 | $141,000 | $31,300 | $109,700 |
| 2021 | $2,134 | $114,400 | $27,300 | $87,100 |
| 2020 | $2,288 | $105,800 | $24,000 | $81,800 |
| 2019 | $2,156 | $111,100 | $22,300 | $88,800 |
| 2018 | $1,282 | $101,900 | $20,300 | $81,600 |
| 2017 | $1,352 | $99,400 | $20,300 | $79,100 |
| 2016 | $1,334 | $103,800 | $20,800 | $83,000 |
| 2014 | $1,246 | $73,400 | $14,680 | $58,720 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/03/2025 11/03/25 | Price Changed | $219,000 | 0.0% | $128 / Sq Ft |
| 11/03/2025 11/03/25 | For Sale | $219,000 | -4.6% | $128 / Sq Ft |
| 11/01/2025 11/01/25 | Off Market | $229,500 | -- | -- |
| 09/26/2025 09/26/25 | Price Changed | $229,500 | -4.2% | $134 / Sq Ft |
| 09/04/2025 09/04/25 | Price Changed | $239,500 | -4.2% | $140 / Sq Ft |
| 07/01/2025 07/01/25 | For Sale | $250,000 | 0.0% | $146 / Sq Ft |
| 06/23/2025 06/23/25 | Off Market | $250,000 | -- | -- |
| 06/23/2025 06/23/25 | For Sale | $250,000 | -- | $146 / Sq Ft |
Source: NorthstarMLS
MLS Number: 6737336
APN: 042.5006.000
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