NOT LISTED FOR SALE

206 Main St S Biwabik, MN 55708

7 Beds
5 Baths
4,205 Sq Ft
1910 Built

Last Sold March 03, 2022

Last sale price $129,900 $31 Per Sq Ft

Highlights

  • Patio
  • Hot Water Heating System
  • 4-minute walk to Biwabik Park Pavilion

About This Home

As of March 2022

CALLING ALL INVESTORS! Beautiful Investment property in historic downtown Biwabik featuring 5 rental units along with a 500 ft. store front w/bathroom & storage area. Good location next to the Post Office. Most units have been remodeled and are well-maintained. Good cash flow, could be vacation rentals or keep as is with renters. Unlimited possibilities in close proximity to Giants Ridge Ski & Golf resort.

Last Agent to Sell the Property

Rick Marwick

Vermilion Land Office Inc License #20502408 Listed on: 12/07/2021

Last Buyer's Agent

Paula Mackey

Laurentian Realty License #40092509

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,778

Year Built

  • Built in 1910

Home Design

  • 4,205 Sq Ft Home
  • Wood Frame Construction
  • Asphalt Roof

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Gas
  • Gas Available

Additional Features

  • Patio
  • Lot Dimensions are 125 x 60

Community Details

Overview

  • 5 Units

Building Details

  • Insurance Expense $3,300
  • Utility Expense $7,800
  • Gross Income $46,800
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,778

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Class: Multi Family
  • Construction: Wood Frame
  • Lvt Date: 12/07/2021
  • Percent Of Bsmnt Finished: 90
  • Real Estate Tax: 2778
  • Total Above Grade Sq Ft: 3037
  • Type: Apartment Complex
  • Year Built: 1910
  • Inclusions: Additional 500 s.f. store front w/bath/storage
  • Lot Size Length: 125
  • Lot Size Width: 60
  • Utilities Expenses: 7800
  • Insurance Expenses: 3300
  • Laundry Storage: Extra Storage
  • Net Income: 18000
  • Projected Income: 46,800
  • Rent: Month To Month
  • Total Expense: 18200
  • Total Income: 27000
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Finished Sq Ft: 4205
  • Basement: Block, Full
  • Lower Level Sq Ft: 1298
  • Main Level Sq Ft: 1739
  • Upper Level Sq Ft: 1298

Exterior Features

  • Exterior: Steel
  • Roof: Asphalt
  • Outside Features: Fenced Area, Patio

Garage/Parking

  • Parking: Parking Area, On Street Parking, Up To 5 Cars

Utilities

  • Cooling: Window Unit
  • Utilities: City Sewer, City Water, Gas
  • Heating: Gas, Hot Water

Fee Information

  • Rent Income: 36200

Schools

  • School District: Ara-Hyt Lk/Bwbk

Lot Info

  • Zoning: Com

Multi Family

  • Number Of Units: 5

Tax Info

  • Taxes: 2778

Range of Values:

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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
03/03/2022 03/03/22 Sold $129,900 0.0% $31 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/01/2022 01/01/22 For Sale $129,900 0.0% $31 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
12/07/2021 12/07/21 For Sale $129,900 -- $31 / Sq Ft
Source: Range Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Rick Marwick

    Vermilion Land Office Inc

    Section Image
  • Paula Mackey

    Buyer's Agent in 2022

    Paula Mackey

    Laurentian Realty

    (218) 780-2778

    60 Total Sales

    Paula Mackey
    Section Image
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Map

Source: Range Association of REALTORS®

MLS Number: 142687

Range Association of REALTORS®
Minnesota St Louis County Biwabik 55708

206 Main St S, Biwabik, MN

This home is located at 206 Main St S, Biwabik, MN 55708 since 07 December 2021. This property was built in 1910. 206 Main St S is a home located in St. Louis County with nearby schools including Mesabi East Elementary School and Mesabi East 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.

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