This well-maintained investment property offers strong cash flow, minimal upkeep, and a proven rental history. A fantastic opportunity for first-time investors or a valuable addition to any portfolio, the building features four fully occupied 2-bedroom, 1-bath apartments.
Each unit includes a dedicated garage, with tenants covering electricity costs—including heat—for added efficiency. Additional amenities include a shared coin-operated laundry and expansive grounds for tenant enjoyment.
Ideally situated just one block from an excellent school, this property provides quiet small-town living with easy access to city conveniences. A short drive connects residents to shopping, employment, and entertainment options, making this a highly desirable rental location.
Active with contingency
$275,000
108 Cleveland Ave W, Underwood, MN 56586
8beds
4baths
3,456sqft
Est.:
Quadruplex
Built in 1976
-- sqft lot
$-- Zestimate®
$80/sqft
$-- HOA
What's special
Shared coin-operated laundryDedicated garageExpansive grounds
- 42 days
- on Zillow |
- 383 |
- 28 |
Zillow last checked: 7 hours ago
Listing updated: May 06, 2025 at 05:54am
Listed by:
Brian Tjaden 612-963-3810,
Trilogy Real Estate
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6713002

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard
Features
- Basement: Daylight
Interior area
- Total structure area: 3,456
- Total interior livable area: 3,456 sqft
- Finished area above ground: 1,728
- Finished area below ground: 1,728
Property
Parking
- Total spaces: 4
- Parking features: Detached
- Garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
Lot
- Size: 0.52 Acres
- Dimensions: 50 x 150
Details
- Foundation area: 1728
- Parcel number: 80000990085000
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- Age of Property: 49
- New construction: No
- Year built: 1976
Utilities & green energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Underwood
Location
- Region: Underwood
Financial & listing details
- Price per square foot: $80/sqft
- Annual tax amount: $2,762
- Date on market: 5/1/2025
- Tenant pays: Electricity
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