$389,900

316 2nd St N Delano, MN 55328

Estimated payment $2,374/month

Total Views 1,782
4 Beds
4 Baths
2,540 Sq Ft
$154 Price per Sq Ft

About This Home

Four 1 Bed, 1 Bath units with annual lease in place. Excellent location within 1-4 blocks from restaurants, city offices, Central Park and the Delano 4th of July Celebration. Exceptional cash flow. This historic, former church from the late 1880s has great charm and investment potential!

Listing Agent

Becky Schaust

Compass Listed on: 10/21/2025

Compass

Co-Listing Agent

Douglas Schaust

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,914

Year Built

  • Built in 1885

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,540 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Lot Dimensions are 100x150
  • Baseboard Heating

Community Details

  • 4 Units
  • Litchfields Add Subdivision

Listing and Financial Details

  • The owner pays for insurance, grounds care, repairs, sewer, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 107022006050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,914

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Apartment
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1885
  • Above Grade Finished Sq Ft: 2540
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 2540
  • Owner Pays: Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: No
  • Appliances: Range, Refrigerator
  • Appliances: Range, Refrigerator
  • Amenities: Main Floor Primary Bedroom
  • Appliances: Dishwasher, Range, Refrigerator
  • Total Rooms: 4
  • Total Rooms: 4

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years, Asphalt
  • PoolFeatures: None
  • Fencing: None

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer/Connected
  • LaundryFeatures: None
  • Fuel: Electric

Schools

  • Junior High Dist: Delano
  • SchoolDistrictPhone: 7639723365

Lot Info

  • Lot Size: 100x150
  • Land Lease: No
  • Additional Parcels: No
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Brick
  • Units Total: 4

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 107022006050
  • Tax Annual Amount: 3914
  • TaxWithAssessments: 3914

Multi Family

  • TenantPays: All Utilities, Cable TV, Electricity
  • ElectricExpense: 1000
  • FuelExpense: 1500
  • Resident Manager Expense: 600
  • Number Of Refrigerators: Four

Map

Range of Values:

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Value Increase
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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 Prior Sale
12/11/2025 12/11/25 Price Changed $389,900 -2.5% $154 / Sq Ft
11/19/2025 11/19/25 Price Changed $399,900 -5.9% $157 / Sq Ft
10/23/2025 10/23/25 For Sale $425,000 +214.8% $167 / Sq Ft
09/15/2014 09/15/14 Sold $135,000 -1.8% $53 / Sq Ft View Prior Sale
08/01/2014 08/01/14 Pending -- -- --
05/22/2014 05/22/14 For Sale $137,500 -- $54 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 6807749

NorthstarMLS