Rare opportunity to own Multi Family Investment Property In Carlton MN! Located in the heart of Carlton, MN this Leased Fourplex offers a fantastic opportunity for investors looking to generate $42k+/yr in rental income. With it being well over the 1% rule, this property offers great cash flow potential and is perfect for both seasoned and first-time investors.
Sold
$287,000
208 Chestnut Ave, Carlton, MN 55718
5beds
4baths
2,320sqft
Quadruplex
Built in 1920
-- sqft lot
$291,500 Zestimate®
$124/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: April 01, 2025 at 01:04pm
Listed by:
Kaylee Bergstrom 218-750-4362,
Heirloom Realty, LLC,
Neal Jacobi 715-892-6325,
Heirloom Realty, LLC
Bought with:
Amy Spampinato, MN 40284359|WI 76307-94
RE/MAX Professionals - Duluth
Source: Lake Superior Area Realtors,MLS#: 6116532

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Natural Gas, Electric
Appliances
- Included: Unit 1(Range/Stove, Refrigerator), Unit 2(Range/Stove, Refrigerator), Unit 3(Range/Stove, Refrigerator), Unit 4(Range/Stove, Refrigerator)
- Laundry: Shared, Main Floor Laundry
Features
- Basement: N/A,None
- Has fireplace: No
Interior area
- Total structure area: 1,528
- Total interior livable area: 2,320 sqft
- Finished area above ground: 2,320
- Finished area below ground: 0
Property
Parking
- Parking features: None, None
Features
- Levels: Two
- Stories: 2
Lot
- Size: 1,306 sqft
- Dimensions: 56x25
Details
- Foundation area: 1400
- Parcel number: 150101080
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Frame/Wood, Metal
Condition
- Year built: 1920
Utilities & green energy
- Electric: Minnesota Power
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Carlton
HOA & financial
Other financial information
- Total actual rent: 3475
Services availability

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