$245,000
$20K PRICE DROP

731 College Ave Red Wing, MN 55066

Red Wing Area

Estimated payment $1,557/month

Total Views 4,324
2 Beds
2 Baths
1,600 Sq Ft
$153 Price per Sq Ft

About This Home

Well maintained duplex with a strong rental history and consistent occupancy. A great opportunity for investors, owner occupants, or those looking to house hack. Both units feature private laundry, updated kitchens and baths, and include all major appliances, including washer, dryer, refrigerator, stove, microwave, dishwasher, and A/C units. Enjoy great curb appeal, a quiet setting, and a welcoming covered front porch. Photos shown are of Unit A. Unit B is a walkout lower level unit and is also well maintained.

Listing Agent

Andrea Jensen

Edina Realty, Inc. Listed on: 05/22/2026

Edina Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,668

Year Built

  • Built in 1880

Home Design

  • Duplex
  • Block Foundation
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Partially Finished Basement
  • Block Basement Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • 2 Units
  • Institute Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number 553000850

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,668

Year Built

Built in 1880

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Outside Features: Wood
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1880
  • Above Grade Finished Sq Ft: 1050
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Block, Partially Finished
  • Living Area: 1600
  • Below Grade Finished Sq Ft: 550
  • Owner Pays: See Remarks
  • Basement YN: Yes
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

Beds/Baths

  • Total Bedrooms: 2

Exterior Features

  • Roof: Age 8 Years or Less
  • Foundation Details: Block

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Red Wing
  • SchoolDistrictPhone: 6513854500

Lot Info

  • Waterfront YN: No
  • Lot Size: .2
  • Land Lease: No
  • Additional Parcels: No
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Units Total: 2

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 553000850
  • Tax Annual Amount: 2668
  • TaxWithAssessments: 2668

Multi Family

  • TenantPays: See Remarks

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,710 $165,700 $37,500 $128,200
2024 $1,302 $161,800 $37,500 $124,300
2023 $1,302 $153,300 $37,500 $115,800
2022 $2,384 $152,500 $37,500 $115,000
2021 $2,220 $131,600 $37,500 $94,100
2020 $2,228 $124,400 $37,500 $86,900
2019 $2,182 $116,700 $37,500 $79,200
2018 $1,858 $115,600 $36,000 $79,600
2017 $1,832 $102,800 $36,000 $66,800
2016 $1,690 $99,200 $36,000 $63,200
2015 $1,648 $95,400 $36,000 $59,400
2014 -- $92,200 $36,000 $56,200
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/02/2026 07/02/26 Price Changed $245,000 -7.5% $153 / Sq Ft
05/26/2026 05/26/26 For Sale $265,000 -- $166 / Sq Ft
Source: NorthstarMLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $100,000 --
Contract Of Sale $68,900 --
Deed $68,900 --
Warranty Deed $48,000 --
Source: Public Records

Source: NorthstarMLS

MLS Number: 7073676

NorthstarMLS

APN: 55.300.0850

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