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.
Closed
$300,000
523 NW 7th Ave, Grand Rapids, MN 55744
6beds
4baths
18,168sqft
Apartment
Built in 1950
-- sqft lot
$555,200 Zestimate®
$17/sqft
$-- Estimated rent
Home value
$555,200
$439,000 - $688,000
Not available
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 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#: 6130442
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
Price history
| Date | Event | Price |
|---|---|---|
| 10/13/2023 | Sold | $300,000-14.3%$17/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6130442 | ||
| 9/27/2023 | Pending sale | $349,900$19/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6130442 | ||
| 5/2/2023 | Price change | $349,900-7.7%$19/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6130442 | ||
| 4/7/2022 | Price change | $379,000-5.2%$21/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6130442 | ||
| 11/25/2021 | Listed for sale | $399,900$22/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6130442 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 55744
Nearby schools
GreatSchools rating
- 8/10East Rapids ElementaryGrades: K-5Distance: 1.4 mi
- 5/10Robert J. Elkington Middle SchoolGrades: 6-8Distance: 1.3 mi
- 7/10Grand Rapids Senior High SchoolGrades: 9-12Distance: 0.7 mi
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