58 Birch Ave S Maple Lake, MN 55358
Estimated payment $1,914/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 |
|---|---|---|---|---|
| 06/09/2025 06/09/25 | Price Changed | $299,999 | -7.7% | $124 / Sq Ft |
| 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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