$588,500
$630,000
6.6%For more information regarding the value of a property, please contact us for a free consultation.
1220 NW 3rd AVE Grand Rapids, MN 55744
3,536 SqFt
Key Details
Sold Price $588,500
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,536 sqft
Price per Sqft $166
Subdivision Kearneys 1St Add To Gr
MLS Listing ID 6550879
Sold Date 01/08/25
Year Built 1985
Annual Tax Amount $6,684
Tax Year 2024
Contingent None
Lot Size 1.140 Acres
Acres 1.14
Lot Dimensions Irregular
Property Description
Unique, multi-family, lakeshore property in the heart of Grand Rapids! This triplex sits on 1+ acres of beautifully manicured grounds including a creek and 318ft of frontage on Crystal (Ice) Lake. Units 1 & 3 feature private decks overlooking the lake, while Unit 2 has a walk-out, covered patio. Units 1 & 2 have 2 bedrooms and 1 full bath each and share a 2-stall, divided garage. The larger, split-level Unit 3 has 3 bedrooms and 2 full baths with an oversized 2-stall garage. All units are currently rented to tenants who hope to stay with new ownership. This beautiful property includes a dock, walking bridge over the creek, and ample guest parking. The location cannot be beat, across the street from Yanmar Ice Arena, 1/2 mile from the Mesabi biking trailhead, near numerous parks/recreation areas, and across the lake from the Itasca County fairgrounds. Enjoy the many year-round festivals and events Grand Rapids has to offer. Don't miss this one-of-a-kind investment opportunity in a prime Northwoods location!
Location
State MN
County Itasca
Zoning Residential-Multi-Family
Body of Water Ice
Rooms
Basement Egress Window(s), Finished, Full, Walkout
Interior
Heating Baseboard
Fireplace No
Exterior
Parking Features Detached, Gravel, Asphalt, Shared Driveway, Garage Door Opener, Multiple Garages, Storage
Garage Spaces 4.0
Fence None
Waterfront Description Creek/Stream,Dock,Lake Front,Lake View
View East, Lake
Roof Type Age 8 Years or Less,Architectural Shingle
Road Frontage No
Building
Lot Description Accessible Shoreline, Tree Coverage - Medium
Story Two
Foundation 1714
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Fiber Cement,Fiber Board
New Construction false
Schools
School District Grand Rapids
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