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Closed
  • $300,000

    523 NW 7th Ave, Grand Rapids, MN 55744

    6beds
    4baths
    18,168sqft
    Apartment
    Built in 1950
    -- sqft lot
    $392,300 Zestimate®
    $17/sqft
    $-- Estimated rent

    What's special

    Variance Approved for 7 more units , total of 9 possible units! Great potential in this multifamily apartment building. 17,800 total square feet. Great GR location close to parks, shopping, and amenities. With some sweat equity and vision, this can be a tremendous investment opportunity. 2 units are finished and have been rented for years at $2,750 total per month. Remaining build-out could potentially have 7 more units. View supplement info for renderings on the potential layout. Much of the infrastructure has been completed water/sewer/electric is set up in the building. Zoned LB so some possible commercial applications also.

    Zillow last checked: 7 hours ago

    Listing updated: May 06, 2025 at 03:59pm

    Listed by:

    Mitchel Kellin 218-398-1821,

    COLDWELL BANKER NORTHWOODS,

    LUKE GARNER 218-259-5342

    Bought with:

    Christopher Fritch

    eXp Realty

    Emily Blake

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6130442MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    Heating
    • Baseboard
    Features
    • Basement: Block,Concrete,Partially Finished,Unfinished
    • Has fireplace: No
    Interior area
    • Total structure area: 18,168
    • Total interior livable area: 18,168 sqft
    • Finished area above ground: 3,720
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: On Street, Paved
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: Doors 36"+
    Features
    • Levels: One and One Half
    Lot
    • Size: 0.41 Acres
    • Dimensions: 10725
    • Features: Corner Lot
    • Topography: Level
    Details
    • Foundation area: 6056
    • Additional parcels included: 914201250
    • Parcel number: 914201205
    • Lease amount: $0
    • Zoning description: Residential-Multi-Family,Other

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Materials
    • Brick/Stone, Concrete, Frame
    • Roof: Asphalt
    Condition
    • Age of Property: 75
    • New construction: No
    • Year built: 1950

    Utilities & green energy

    • Electric: 200+ Amp Service
    • Gas: Electric
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected, City Water - In Street

    Community & neighborhood

    Location
    • Region: Grand Rapids
    • Subdivision: Grand Rapids Second Div
    Services availability
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