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For Sale:  Elgin MLS# 7093939

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Active NEW!
$349,900
/mo Edit
Multi-family:  Fourplex
8 br • 4 ba • Built 1979
3,552 sqft • 0.282 acres
Plainview-Elgin-Millville schools
MLS# 7093939
763-576-8286
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    Property Description

    Excellent investment opportunity in Elgin! This well-maintained 4-plex features numerous updates, including a new roof in 2023 and updated windows, siding, and boiler in 2016. Additional improvements include a new coin-operated washer and dryer, providing added convenience and income potential. Tenants enjoy off-street parking, while owners will appreciate the storage shed for lawn equipment and additional storage needs. Situated on a desirable corner lot directly across from the school, park, and ball fields, this property offers a great location with easy access to nearby walking trails and community amenities. Water softener is rented through Culligan and located in the utility room. Strong rental appeal, major mechanical updates, and a prime location make this a fantastic addition to any investment portfolio!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $349,900
    Price per sq ft: $99
    Property Type: Multi-family
    City: Elgin
    Garage Spaces: 0
    County: Wabasha
    Year Built: 1979
    State: MN
    Property Style: Fourplex
    Zip Code: 55932
    Subdivision Name: Millers Add

    Interior

    Bedrooms: 8
    Bathrooms: 4
    Finished Area: 3,552 ft2
    Living Area: 3,552 ft2
    Basement Details:
    • Block
    • Walkout

    Exterior

    Stories: Split Entry (Bi-Level)
    Garage Spaces: 0
    Foundation Size: 1,776 ft2
    Foundation Dimensions: Common
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Boiler
    Parking Features:
    • Gravel
    • Parking Lot
    Shared Amenities:
    • Coin-op Laundry Owned
    • Deck
    Roof Details: Age 8 Years or Less

    Rooms

    Laundry: Laundry Room

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.282
    Geolocation: 44.128467, -92.256023
    Lot Dimensions: 82 x 150
    Lot Description: Tree Coverage - Light

    Schools

    School District: 2899
    District Phone: 5075343651

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,644
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: $1,396
    Annual Water/Sewer Expense: $1,354
    Tenant Expenses: Broadband, Cable TV, Electricity, Telephone

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $5,186
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,186

    Income

    Annual Gross Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: Yes
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of RE/MAX Advantage Plus.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.