Address
215 S 5th Street, Montevideo, MN
Price
$ 899,900
Property Attributes
- ID#7009752
- TypeCommercial
- Listing Status Active
- CountyCHIPPEWA
- CityMontevideo
- AreaMontevideo
- NeighborhoodMontevideo
- Zip56265
- Style
- Year Built1910
- Taxes$ 8392
- Price$ 899,900
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage8619
- Lot Size0.528 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description
Rare opportunity to acquire a well-maintained 9-unit multifamily property featuring two separate buildings on one parcel. The main turn-of-the-century home offers seven units and retains much of its original historic charm, blending character with modern updates. A second building provides an additional two units, creating a versatile unit mix. Most units have been renovated, offering updated interiors while preserving classic architectural details. Property amenities include on-site coin laundry, a three-car garage, ample off-street parking, and a fenced yard with outdoor features. The property offers a strong 7% cap rate, making it an attractive option for investors seeking stable income. The combination of historic appeal, functional updates, and on-site amenities contributes to long-term value and broad rental appeal.
| Price History | |
|---|---|
| 1/17/2026 | Listed $980,000 |
| 2/3/2026 | 4$949,900 |
| 3/4/2026 | 3$924,900 |
| 3/13/2026 | 1$919,900 |
| 4/8/2026 | 3$899,900 |
General Features
| Sewer | City Sewer/Connected |
|---|---|
| Heating | Boiler |
| Utilities | Electric Common,Heating Common,Hot Water Common |
| Roof | Architectural Shingle |
| Appliances | Dishwasher,Dryer,Microwave,Range,Refrigerator,Washer,Water Softener Owned |
| Garage Spaces | 3 |
| Pool Features | None |
| Construction Materials | Frame |
| Year Built | 1910 |
| Tenant Pays | See Remarks |
| Levels | Three Or More |
| Tax Year | 2025 |
| Current Use | Residential |
| Gross Income | 98645 |
| OwnerPays | All Utilities,See Remarks |
| Accessibility | None |
| County | Chippewa |
| Net Operating Income | 72355 |
| Operating Expense | 26290 |
| New Construction | No |
| Property Type | Commercial Sale |
| Contingency | None |
| Subdivision Name | Montevideo |
| Directions | From Hwy 7 turn south on 5th St.,and the home will be on your right about 8 blocks south. |
| City | Montevideo |
| High School District | Montevideo |
| Zoning Description | Residential-Multi-Family |
| Number Of Units Total | 9 |
| Lot Size Units | Acres |
| Land Lease Y/N | No |
| Tax Annual Amount | 8392 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Lender Owned | No |
| PostalCity | Montevideo |
Interior Features
| Basement | Finished |
|---|---|
| Basement (Y/N) | Yes |
| Ceiling Height | 8-10 |
| Fuel | Natural Gas |
Exterior Features
| Fencing | Chain Link,Full |
|---|---|
| Parking Features | Detached Garage,Concrete,Garage Door Opener,Paved Lot,More Parking Onsite for Fee |
| Lot Features | Tree Coverage - Light,Underground Utilities |
| Water Source | City Water/Connected |
| Inclusions | Building,Inventory,Rental License |
| Lot Size Area | 0.528 |
| Building Area Total | 8619 |
| Lot Dimensions | 200x105x108x22x92x127 |
| Waterfront Y/N | No |
| Foundation Area | 1622 |
| Road Frontage Type | City Street,Curbs,Paved Streets,Sidewalks,Street Lights |
| Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 56265
Price
Taxes
Year Built
Visits
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house) and detailed information about them includes the name of the listing brokers.
