NOT LISTED FOR SALE

328 E 4th St Litchfield, MN 55355

4 Beds
4 Baths
2,832 Sq Ft
0.39 Acres

Last Sold March 07, 2024

Last sale price $199,000 $70 Per Sq Ft

182 Days on Market

About This Home

As of March 2024

With 20% down, this is a terrific opportunity for a cash flowing investment property. Future upgrades would add additional property and rental value. With as little as 5% down, this is an amazing opportunity for an owner occupant who wants to live in one unit, rent out the other three, and potentially live for free. Build equity while your tenants pay off your mortgage. There are four units each of which have 1 bedroom and 1 bath. It is closer than you think: 66 miles to the heart of Minneapolis. 42 miles to St Cloud 37 miles to Buffalo 27 miles to Willmar 21 miles to Hutchinson

Last Agent to Sell the Property

Derrick Witt

LPT Realty, LLC Listed on: 08/11/2023

LPT Realty, LLC

Last Buyer's Agent

Geri Dahmes

Weichert REALTORS Tower Properties

Weichert REALTORS Tower Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,290

Year Built

  • Built in 1890

Lot Details

  • Lot Dimensions are 80x210
  • Few Trees

Home Design

  • Quadruplex
  • Wood Siding
  • Shake Siding

Interior Spaces

  • 2,832 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Utilities

  • Boiler Heating System

Community Details

  • 4 Units
  • Crosbys Add Subdivision

Listing and Financial Details

  • Tenant pays for cable TV
  • The owner pays for electricity, gas, insurance, grounds care, repairs, snow removal, taxes, trash collection, water
  • Assessor Parcel Number 271413000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,290

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Quadruplex
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1890
  • Above Grade Finished Sq Ft: 2832
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • InternetOptions: Cable,Fiber Optic
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Living Area: 2832
  • Owner Pays: Electricity, Gas, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water
  • Basement YN: Yes
  • Total Rooms: 4
  • Total Rooms: 5

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Age Over 8 Years
  • Fencing: None

Garage/Parking

  • Parking Features: Concrete

Utilities

  • Heating: Boiler
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Litchfield
  • SchoolDistrictPhone: 320-693-2444

Lot Info

  • Lot Size: 80x210
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Shake Siding, Wood Siding
  • Units Total: 4

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2022
  • Assessor Parcel Number: 271413000
  • Tax Annual Amount: 2290
  • TaxWithAssessments: 2290.0000

Multi Family

  • TenantPays: Cable TV

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
03/07/2024 03/07/24 Sold $199,000 0.0% $70 / Sq Ft
02/10/2024 02/10/24 Pending -- -- --
12/13/2023 12/13/23 Price Changed $199,000 -5.2% $70 / Sq Ft
10/31/2023 10/31/23 Price Changed $209,900 -2.4% $74 / Sq Ft
10/05/2023 10/05/23 Price Changed $215,000 -2.2% $76 / Sq Ft
08/11/2023 08/11/23 For Sale $219,900 -- $78 / Sq Ft
Source: NorthstarMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6416568

NorthstarMLS