Attention investors! Here’s your chance to purchase a home currently licensed as a short-term rental in the highly sought-after city of Two Harbors, a boutique community along the North Shore of Lake Superior. The location of this home allows it to continue to be a short-term rental without going against the city's cap on short-term rental licenses. Close to shopping and restaurants, one mile to Agate Bay beach, and one mile to Burlington Bay. This turnkey cutie can sleep 6 people- featuring 2 bedrooms with queen beds and a living room sofa that converts to a queen sleeping bed. It’s absolutely adorable, and it’s been updated from top to bottom: a new boiler furnace in 2023, newer plank flooring and carpet, an updated bathroom with tub/surround, sink, and toilet, and an updated kitchen. The foundation has been reinforced and has newer insulated skirting. All furnishings are included so you can literally start generating income right away. Excellent rental history, especially in the summer months when the tourist traffic along the north shore is really buzzing. This is a rare opportunity!
Sold for $201,000 on 04/11/24
$201,000
724 7th Ave, Two Harbors, MN 55616
2beds
850sqft
Single Family Residence
Built in 1903
3,484.8 Square Feet Lot
$209,300 Zestimate®
$236/sqft
$1,515 Estimated rent
Home value
$209,300
Estimated sales range
Not available
$1,515/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 08, 2025 at 04:20pm
Listed by:
Alicia Lokke 218-590-0431,
Messina & Associates Real Estate
Bought with:
Leah Hollenbach, MN 40467370|WI 58695-90
RE/MAX Results
Source: Lake Superior Area Realtors,MLS#: 6112275
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Main
- Area: 96.8 Square Feet
- Dimensions: 8.8 x 11
Bedroom
- Level: Main
- Area: 160.46 Square Feet
- Dimensions: 11.3 x 14.2
Bathroom
- Level: Main
- Area: 41.39 Square Feet
- Dimensions: 5.11 x 8.1
Kitchen
- Level: Main
- Area: 165.06 Square Feet
- Dimensions: 12.6 x 13.1
Laundry
- Level: Main
- Area: 24.48 Square Feet
- Dimensions: 4.8 x 5.1
Living room
- Level: Main
- Area: 221.13 Square Feet
- Dimensions: 11.7 x 18.9
Heating
- Baseboard, Boiler, Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
- Laundry: Main Level, Dryer Hook-Ups, Washer Hookup
Features
- Eat In Kitchen
- Windows: Vinyl Windows
- Basement: Posts
- Has fireplace: No
Interior area
- Total interior livable area: 850 sqft
- Finished area above ground: 850
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Off Street, None, Slab
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
- Has view: Yes
- View description: City Lights
Lot
- Size: 3,484 sqft
- Dimensions: 50 x 70
Details
- Parcel number: 23766134030
- Zoning description: Business/Commercial,Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl, Frame/Wood
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1903
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Two Harbors
Other
Other facts
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2025 | Listing removed | $250,000+24.4%$294/sqft |
Source:  Lake Superior Area Realtors #6103383 | ||
| 4/11/2024 | Sold | $201,000-4.3%$236/sqft |
Source: Lake Superior Area Realtors #6112275 | ||
| 3/9/2024 | Pending sale | $210,000$247/sqft |
Source: Lake Superior Area Realtors #6112275 | ||
| 2/26/2024 | Price change | $210,000-4.5%$247/sqft |
Source: Lake Superior Area Realtors #6112275 | ||
| 2/15/2024 | Listed for sale | $220,000-12%$259/sqft |
Source: Lake Superior Area Realtors #6112275 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,352 +17.1% | $183,300 +7.7% |
| 2024 | $2,008 +14.7% | $170,200 +14.2% |
| 2023 | $1,750 -12.1% | $149,100 +29.5% |
Find assessor info on the county website
Neighborhood: 55616
Nearby schools
GreatSchools rating
- 6/10Minnehaha Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 7/10Two Harbors SecondaryGrades: 6-12Distance: 1.7 mi
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