622/624 3RD Avenue NW, East Grand Forks, MN 56721 (MLS# 24-1725)

622/624 3RD Avenue NW, East Grand Forks, MN 56721

$299,700
Property Type: MultiFamily Bedrooms: 6 Baths: 4 Square Footage: 3,016 Lot Size (sq. ft.): 5,250 Status: Closed
Current Price: $299,700 List Date: 10/09/2024 Last Modified: 8/06/2025

Overview

Description

This charming four-plex apartment complex presents a fantastic investment opportunity, It's recent repairs enhance its appeal and functionality. It has a new roof, newer windows, and a fully remodeled unit! With its strategic location and the benefit of all of the units currently being rented out, it offers the potential for significant rental income and long term growth!

Listing Details MLS# 24-1725

General Property Information

Property Subtype
Multi Family
Realtor.COM Type
Multi-Family
Total SqFt.
3016
Above Ground SQFT
3016
Total Bedrooms
6
Total Bathrooms
4
Garage Type
Detached
Garage Stalls
2
Year Built
1975
Lot Size Dimensions
140x37.50
Lot SqFt
5250
Waterfront
No
Below Ground SQFT
0

Property Features

Levels: Two

Location Tax and Legal Information

Area
E Grand Forks
House Number
622/624
Street Name
3RD
Street Suffix
Avenue
Street Direction Sfx
NW
State/Province
MN
Country
USA
Postal Code
56721
County
Polk
Zoning
A-1 Limited Development

Confidential Information

Begin Date
2024-10-08
Under Contract Date
2025-06-26
Sold Date
2025-07-29

Income

Gross Scheduled Income
4402
# Units
4
Vacancy Percent
0%

More Information

Expenses

Tax and Specials Exp Information
382.33
Insurance Expense Add'l Info
306.67

Showing Instructions

Showing Service
Broker Bay

Location, Tax and Legal Information

Tax Year
2023
Pend+Proposed Spec
0
Taxes
4536
Flood Plain
Contact Lender
Parcel Number
830106600
Specials Amount
No
Total Tax & Specials
4536
Specials Unpaid
No
Legal
LOT 1 & N2 OF SUBDIVISION NAME BUDGES 4TH ADD LOT 002 BLOCK 005 SUBDIVISION CD 83019

Levels

Two
Yes
Listing Office: RE/MAX Grand
Last Updated: August - 06 - 2025
Information deemed reliable but not guaranteed.