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For Sale:  Monticello MLS# 7078077

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Active NEW!
$275,000
/mo Edit
Multi-family:  Triplex
4 br • 4 ba • Built 1903
2,050 sqft • 0.25 acres
Monticello schools
MLS# 7078077
763-576-8286
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    Property Description

    Excellent investment opportunity in the heart of Monticello! This triplex offers strong rental potential with recent upgrades throughout, including a new roof and updated plumbing in 2025. Each of the three units features its own private entrance, kitchen, and in-unit laundry, providing convenience and privacy for tenants. The property also includes a detached garage, concrete driveway and ample parking. Conveniently located near shopping, restaurants, parks, and easy freeway access, this is a fantastic opportunity to add to your investment portfolio or owner-occupy while generating rental income. Interior photos will be uploaded on 5/26.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $275,000
    Price per sq ft: $134
    Property Type: Multi-family
    City: Monticello
    Garage Spaces: 2
    County: Wright
    Year Built: 1903
    State: MN
    Property Style: Triplex
    Zip Code: 55362
    Subdivision Name: Lower Monticello

    Interior

    Bedrooms: 4
    Bathrooms: 4
    Finished Area: 2,050 ft2
    Living Area: 2,050 ft2
    Refrigerators: Three
    Basement Details:
    • Egress Window(s)
    • Finished
    • Single Tenant Access

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Dimensions: 24x28
    Garage Size: 672 ft2
    Foundation Size: 720 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features: Detached Garage
    Road Frontage: Paved Streets
    Roof Details: Age 8 Years or Less

    Rooms

    Laundry:
    • Lower Level
    • Main Level
    • Upper Level

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.25
    Geolocation: 45.304695, -93.790087
    Lot Dimensions: 66 x 165
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Light

    Schools

    School District: 882
    District Phone: 7632722000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $1,983
    Annual Fuel Expense: $1,388
    Annual Insurance Expense: $1,591
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $849

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $3,210
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,210

    Income

    Annual Gross Income: $34,200

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.