$287,000
SOLD JAN 15, 2025

208 Chestnut Ave Carlton, MN 55718

5 Beds
4 Baths
2,320 Sq Ft
1,307 Sq Ft Lot

Recently Sold

$124 Per Sq Ft

3% Below List Price

70 Days on Market

About This Home

As of January 2025

Rare opportunity to own Multi Family Investment Property In Carlton MN! Located in the heart of Carlton, MN this Leased Fourplex offers a fantastic opportunity for investors looking to generate $42k+/yr in rental income. With it being well over the 1% rule, this property offers great cash flow potential and is perfect for both seasoned and first-time investors.

Last Agent to Sell the Property

Kaylee Bergstrom

Heirloom Realty, LLC Listed on: 10/10/2024

Co-Listed By

Neal Jacobi

Heirloom Realty, LLC

Last Buyer's Agent

Amy Spampinato

RE/MAX Professionals - Duluth

RE/MAX Professionals - Duluth

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,484

Year Built

  • Built in 1920

Lot Details

  • 1,307 Sq Ft Lot
  • Lot Dimensions are 56x25

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Metal Siding

Interior Spaces

  • 2,320 Sq Ft Home
  • 2-Story Property
  • Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Parking

  • No Garage
  • No Driveway

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electric, water, sewer
  • Assessor Parcel Number 15-010-1080

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,484

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Class: MULTI-FAMILY
  • Directions: Turn off of 3rd St On To Chestnut Ave Property is Located Right on Main Ave.
  • L O1 Office Phone1 Number: 218-390-4317
  • List Price/ Sq Ft: 123.71
  • Tax Year: 2023
  • Lot Description Waterfront: No
  • Appliances 1: Range/Stove, Refrigerator
  • Appliances 2: Range/Stove, Refrigerator
  • Appliances 4: Range/Stove, Refrigerator
  • CondoPropertyType: Up & Down
  • Mfg And Park Info Construction Type: Frame/Wood
  • FinFootageAboveGrade: 2320
  • F I R E P L A C E2: No
  • Upper Level Totals:Fireplace3: No
  • Garage Type: None
  • Heat: Natural Gas, Electric
  • Laundry: Shared, Main Floor Laundry
  • TotalBedrooms: 5
  • MediaType: Fourplex
  • Year Built: 1920
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances 3: Range/Stove, Refrigerator
  • Basement Features: N/A
  • Basement Material: N/A
  • Basement Style: None
  • Unit Features:Fireplace4: No
  • Stories: 2 Story
  • Total Bathrooms: 4
  • Total Fin Square Footage: 2320

Exterior Features

  • Exterior: Metal

Garage/Parking

  • Parking Driveway: None

Utilities

  • Power Company: Minnesota Power
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association Fee: No

Association/Amenities

  • AmenitiesFireplace1: No

Schools

  • School District: Carlton #93
  • Junior High Dist: Carlton #93

Lot Info

  • Geo Update Timestamp: 2024-10-10
  • Estimated Lot Dimensions: 56x25
  • Estimated Number of Acres: 0.03
  • Cultivated Acreage: LSAR
  • Geo Subdivision: MN
  • Parcel Number: 15-010-1080

Rental Info

  • Tenant Expense: Electric, Water, Sewer

Tax Info

  • Tax Amount: 2484

Range of Values:

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Average Value
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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 Change Sq Ft Price
01/15/2025 01/15/25 Sold $287,000 -2.7% $124 / Sq Ft
12/19/2024 12/19/24 Pending -- -- --
10/10/2024 10/10/24 For Sale $295,000 +20.4% $127 / Sq Ft
05/31/2022 05/31/22 Sold $245,000 +4.3% $106 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $235,000 +129.3% $101 / Sq Ft
04/22/2016 04/22/16 Sold $102,500 -8.4% $44 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
02/18/2016 02/18/16 For Sale $111,900 -- $48 / Sq Ft
Source: Lake Superior Area REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2025

    Kaylee Bergstrom

    Heirloom Realty, LLC

    (218) 750-4362

    13 Total Sales

    Kaylee Bergstrom
    Section Image

  • N

    Seller Co-Listing Agent in 2025

    Neal Jacobi

    Heirloom Realty, LLC

    (715) 892-6325

    109 Total Sales

    Neal Jacobi
    Section Image
  • Amy Spampinato

    Buyer's Agent in 2025

    Amy Spampinato

    RE/MAX

    (218) 348-7027

    162 Total Sales

    Amy Spampinato
    Section Image
  • Christi Pionk Slattengren

    Seller's Agent in 2022

    Christi Pionk Slattengren

    Messina & Associates Real Estate

    (218) 590-2844

    68 Total Sales

    Christi Pionk Slattengren
    Section Image
  • Mike Jorgensen

    Seller's Agent in 2016

    Mike Jorgensen

    Edina Realty, Inc. - Duluth

    (218) 428-8808

    44 Total Sales

    Mike Jorgensen
    Section Image
  • Jamie Sathers-Day

    Buyer's Agent in 2016

    Jamie Sathers-Day

    JS Realty

    (218) 390-6541

    376 Total Sales

    Jamie Sathers-Day
    Section Image
See All Agents

Map

Source: Lake Superior Area REALTORS®

MLS Number: 6116532

Minnesota Carlton County Carlton 55718

208 Chestnut Ave, Carlton, MN

This home is located at 208 Chestnut Ave, Carlton, MN 55718 and is currently priced at $287,000, approximately $123 per square foot. This property was built in 1920. 208 Chestnut Ave is a home located in Carlton County with nearby schools including South Terrace Elementary School, Carlton Secondary School, and Cloquet Christian Academy.

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