Movoto Real Estate
Sold on 12/20/2024

305 Main Ave, Bigfork, MN 56628

  • $82,500

    Last sold 12/20/2024 for $82.5K

  • 4

    bed

  • 3

    bath

  • 3,400

    Sqft ($24/Sqft)

Multi-family not for sale
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About 305 Main Ave

Property type Multi-family
Neighborhood
Year built 1960
HOA fee $0/month
Lot size 6,098 Sqft
Movoto estimate
Property description
Check out this great opportunity to own a 3 unit apartment building in the heart of Bigfork, MN with frontage on the Bigfork River! There is a 1 bedroom apartment with a walk in closet and a full bath and a long term tenant. Next to this apartment is a commercial space currently rented out by the US Post Office with a long term lease through 2034. In the back is a big 3 bedroom unit with big living room windows overlooking the backyard, new appliances, new countertop, mostly newer windows, and a bathroom upgrade with laundry hookups, and a big back deck to relax on. The tenants do snow removal and lawn care and pay for their own electric. Landlord pays for heat, water, and sewer. This would be a great owner occupant situation for anyone! Other recent upgrades include new electrical service boxes in the post office and 1 bedroom apartment, new sump pump, new water heater, new doors on the apartments and lower level, and newly painted front of the building. Potential income with the 3 bedroom apartment rented out would be $28,004.04 a year with expenses being around $9,155 for a net income of $18,849!
Listed by
Listing Agent - Joseph Tome
Listing Office - GRAND PROPERTIES
Source: Northstar MLS mls logo
MLS#6599932 • last updated 5 months ago
Movoto checked Northstar MLS for data 20 minutes ago
Overview
Heating Forced Air
Levels/Style One
MLS # 6599932
Type Residential Income
SubType Triplex
Property Tax 1914
Tax Assessment 1914
Foreclosure (Y/N) No
Short Sale (Y/N) No
Interior
Total # of Bathrooms 3
# Bedrooms 4
Laundry In Unit
Accessibility Features No Stairs Internal
Exterior
Construction Brick
Parking Desc Asphalt
Amenities / Utilities
Electric 100 Amp Service
Power Company Minnesota Power
Water Source City Water/Connected
Location
County Itasca
Subdivision Fourth Add To Bigfork
High School District Grand Rapids
APN 854400220
Zoning Business/Commercial
Multifamily Details
Tenant Pays Broadband, Cable TV, Electricity, Snow Removal, Trash Collection
Owner Pays Electricity, Fuel, Repairs, Taxes
Total # of Units 3
Annual Gross Income 28004.04
Expense: Trash 553
Operating Expense 9155
Expense: Insurance 2202
Expense: Water/ Sewer 1800
Expense: Electricity 600
Expense: Fuel 4000
Net Operating Income 18849
Lot/ Land Details
Road Frontage City Street
Present Use Yearly
Road Responsibility Public Maintained Road
$82.5K
Range: $74.2K-$90.7K
Last 30 days 
  • Jan 2025
    mls logo MLS # 6599932
  • Jan 25, 2025 Sold
    $82,500 (-2.9%)
  • Dec 20, 2024 Pending
  • Dec 2, 2024 Price Change
    $85,000 (-15.0%)
  • Nov 20, 2024 Price Change
    $100,000 (-9.1%)
  • Oct 28, 2024 Price Change
    $110,000 (-8.3%)
  • Sep 10, 2024 Listed
    $120,000 (+50.2%)
  • Oct 2023
    mls logo MLS # 6432085
  • Oct 10, 2023 Price Change
    $79,900 (-11.1%)
  • Sep 12, 2023 Listed
    $89,900
  • 305 Main Ave
    $82.5K
  • Fourth Add To Bigfork
  • 56628
    $315K -8% y/y
  • Bigfork
    $315K -13% y/y
No chart available
Statistics calculated by Movoto

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4/10
Bigfork Elementary School
public Grades PK, K-6
Grand Rapids Public School District
6/10
Bigfork Secondary
public Grades 7-12
Grand Rapids Public School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Fourth Add To Bigfork

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Nearby recently sold homes in Bigfork, MN

  • Real Estate
  • MN
  • Itasca County
  • Bigfork
  • 56628
  • 305 Main Ave
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