


NORTHSTAR MLS as distributed by MLS GRID / Listed By: Anchor Realty 605 Main Street Tower, MN 55790
Description
7046763
$758(2025)
6,970 SQFT
Multifamily
1982
Two
St. Louis County
St. Louis County
Listed By
NORTHSTAR MLS
Last checked Jul 5 2026 at 8:04 PM GMT+0000
- Tower
- Boiler
- Sewer: City Sewer - In Street
- Fuel: Electric, Other
- On-Street Parking Only
- Off Site
- Gravel
- 2
- 4,464 sqft
Estimated Monthly Mortgage Payment
*Based on Fixed Interest Rate withe a 30 year term, principal and interest only
Listing price
Down payment
Interest rate
%
and detailed information about them includes the name of the listing brokers.Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.© 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
The building features four spacious 2-bedroom, 1-bath units with separate electric meters, allowing tenants to pay their own electricity. All units are currently rented at $1,000 per month on flexible month-to-month leases, providing immediate rental income with room for future rent increases.
Located in one of northern Minnesota’s premier recreation destinations, this property offers quick access to boating, fishing, snowmobile trails, and ATV trails right outside your door. The historic building has seen updates throughout while still maintaining its character and charm.
Additional opportunity available with a neighboring commercial lot that may be purchased together or separately.
Live in one unit while the other tenants help offset your mortgage, or add a solid income-producing property to your portfolio in a highly desirable lake community.