For Sale: Montevideo MLS# 6702887
Active
NEW!
$950,000
Commercial: Apartments
Built 1904
0.53 acres
Montevideo schools
MLS# 6702887
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Property Description
Welcome to a property with character and multi-dimensional opportunity.
Like a diamond...beautiful from every side. A story to tell and value to appreciate!
Approach this property from a variety of angles while savoring the story of one of the most historic homes in town. Built at the turn of the century, this home often served as a buzz of hospitality for political gatherings, hosting the likes of Hubert Humphrey and Eleanor Roosevelt. In the 30's, the 3rd story was added to rent rooms and mitigate effects of the depression. The rich woodwork and interior created the perfect ambience to host a wedding. The fireplace mantle still marks the spot where a candle burned a bit too long during the festivities.
The house has transitioned from single family to multifamily under the tender care of a few owners over a century.
Intentional and thorough screening of residents has ensured each apartment space is maintained well. One will notice great care was taken in transitioning some spaces to apartments by preserving original woodwork should anyone desire to take it back to single family living. Whichever way you approach it, this gem shines with authentic value.
Multifamily cashflow? Have you dreamed of living in a historic home with rental income to help cover the costs?
Perhaps you love the stories this historic home must tell. Envision additional income inviting others in as a historic bed and breakfast or short-term rental? The history and beauty offer natural curiosity to others. The nature-based playground and grand front porch allows adults and children to enjoy their own unique experience while the rental income provides fuel for the dream and owners living space.
Interior photos and pro-forma available with signed NDA. Showings must be at least 24 hour notice.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$950,000
Property Type:
Commercial
City:
Montevideo
Garage Spaces:
2
County:
Chippewa
Year Built:
1904
State:
MN
Property Style:
Apartments
Zip Code:
56265
Subdivision Name:
Frinks 1st Add
Interior
Basement Details:
- Full
- Partially Finished
- Walkout
Exterior
Stories:
Three Or More
Garage Spaces:
2
Garage Dimensions:
1
Garage Size:
1 ft2
Other Parking Spaces:
5
Foundation Size:
1 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
- Concrete
- Detached
- Paved
Road Frontage:
City Street
Exterior Material:
Brick/Stone
Roof Details:
Asphalt
Lot & Land
Acres:
0.53
Geolocation:
44.9437892963, -95.7209850846
Inclusions:
Leases
Lot Dimensions:
1X1
Zoning:
Residential-Single Family
Lot Description:
Corner Lot
Schools
School District:
129
District Phone:
320-269-8833
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$7,326
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$7,686
Units
Total Units:
9
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Edina Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.