58 Birch Ave S Maple Lake, MN 55358
Estimated payment $2,051/month
About This Home
Unlock a prime investment opportunity with this versatile four-plex featuring a commercial storefront, all offered by a motivated landlord ready for a new chapter. This property combines residential and commercial potential, providing a unique opportunity for savvy investors or entrepreneurial homeowners. Looking for additional revenue income you can wall off the commercial space into two separate units to maximize rental return.The building includes:Two Renovated Residential Units: Modern upgrades ensure these units are move-in ready, offering immediate appeal to renters. One lower level unit with tenant in place.Commercial Storefront: Perfect for a business venture or additional rental income, the storefront provides flexibility and visibility in a vibrant area.Below-Market Rents: Current rental rates are under market value, presenting an immediate chance for increased equity and cash flow.This property is not just a real estate investment—it's a chance to capitalize on below-market rents and a prime location. Whether you're looking to expand your portfolio or find a new business location, this four-plex offers the potential for significant returns. Act now to seize this opportunity and transform it into a profitable venture!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,988
Year Built
- Built in 1910
Interior Spaces
- 2,428 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Partially Finished Basement
- Partial Basement
- Crawl Space
Additional Features
- Lot Dimensions are 150x50x150x50
- Boiler Heating System
Community Details
- 4 Units
- Original Maple Lake Subdivision
Listing and Financial Details
- Assessor Parcel Number 110010004070
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 |
|---|---|---|---|---|
| 2024 | $2,988 | $136,600 | $35,000 | $101,600 |
| 2023 | $2,916 | $131,600 | $30,000 | $101,600 |
| 2022 | $3,036 | $118,900 | $26,300 | $92,600 |
| 2021 | $3,104 | $112,000 | $24,400 | $87,600 |
| 2020 | $3,212 | $109,900 | $24,400 | $85,500 |
| 2019 | $3,254 | $74,300 | $0 | $0 |
| 2018 | $3,296 | $33,200 | $0 | $0 |
| 2017 | $2,344 | $105,500 | $0 | $0 |
| 2016 | $3,500 | $0 | $0 | $0 |
| 2015 | $3,546 | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | Price Changed | $325,000 | 0.0% | $134 / Sq Ft |
| 05/13/2025 05/13/25 | For Sale | $325,000 | +8.3% | $134 / Sq Ft |
| 12/06/2024 12/06/24 | Off Market | $300,000 | -- | -- |
| 09/28/2024 09/28/24 | Price Changed | $300,000 | -24.1% | $124 / Sq Ft |
| 09/05/2024 09/05/24 | Price Changed | $395,000 | -1.3% | $163 / Sq Ft |
| 07/29/2024 07/29/24 | For Sale | $400,000 | -- | $165 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: NorthstarMLS
MLS Number: 6572277
APN: 110-010-004070
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