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1220 NW 3rd Avenue

Grand Rapids, MN 55744

– beds
– baths
3,536 sqft
$166 per sqft
1985 build
– on site

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Unique, multi-family, lakeshore property in the heart of Grand Rapids! This triplex sits on 1+ acres of beautifully manicured grounds including a creek and 318ft of frontage on Crystal (Ice) Lake. Units 1 & 3 feature private decks overlooking the lake, while Unit 2 has a walk-out, covered patio. Units 1 & 2 have 2 bedrooms and 1 full bath each and share a 2-stall, divided garage. The larger, split-level Unit 3 has 3 bedrooms and 2 full baths with an oversized 2-stall garage. All units are currently rented to tenants who hope to stay with new ownership. This beautiful property includes a dock, walking bridge over the creek, and ample guest parking. The location cannot be beat, across the street from Yanmar Ice Arena, 1/2 mile from the Mesabi biking trailhead, near numerous parks/recreation areas, and across the lake from the Itasca County fairgrounds. Enjoy the many year-round festivals and events Grand Rapids has to offer. Don't miss this one-of-a-kind investment opportunity in a prime Northwoods location!

Listing courtesy of NORTHSTAR / Susie Williamson / Coldwell Banker Realty

Last checked: Checking… • Last updated Jan 8, 2025 •

MLS# 6550879 —

The Building

Year Built:

1985
New Construction:

false
Age Of Property:

40
Construction Materials:

Fiber Cement, Fiber Board
Construction Materials Desc:

Block
Roof:

Age 8 Years or Less, Architectural Shingle
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1822.0000
Basement:

Egress Window(s), Finished, Full, Walkout
Basement:

true
Foundation Area:

1714
Building Area Total:

3536
Above Grade Finished Area:

1822
Below Grade Finished Area:

1714

Room Dimensions

Living Area:

3536

Location

Directions:

From the SE: NW on Hwy 2/6th Ave NE. Left on NE 4th St. Right on NW 3rd Ave. 3/4 mile to property. From the S: N on Pokegama Ave/Hwy 169. Left on NW 4th St. Right on NW 3rd Ave. 3/4 mile to property.
Latitude:

47.246621
Longitude:

-93.532282

The Property

Parcel Number:

915850210
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Triplex
Additional Parcels:

false
Lot Features:

Accessible Shoreline, Tree Coverage - Medium
Lot Size Area:

1.14
Lot Size Dimensions:

Irregular
Lot Size Units:

Acres
Topography:

Level,Walkout
View:

East, Lake
Lake Chain:

N
Lake Acres:

38
Lake Depth:

53
Lake Bottom:

Hard,Reeds,Sand
Water Body Name:

Ice
Waterfront Slope:

Level
Waterfront Feet:

318
Waterfront Elevation:

0-4
Road Between Waterfront and Home:

No
Road Frontage Type:

City Street, Paved Streets, Sidewalks, Unpaved Streets
Road Responsibility:

Public Maintained Road
Fencing:

None
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

6684
Tax With Assessments:

6684.0000

Heating & Cooling

Heating:

Baseboard

Utilities

Electric:

Circuit Breakers
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

One Per Unit

Schools

High School District:

Grand Rapids

The Community

Subdivision Name:

Kearneys 1st Add To Gr
Waterfront:

true
Waterfront Features:

Creek/Stream, Dock, Lake Front, Lake View
Association Amenities:

Dock, Patio
Assessment Pending:

No

Parking

Parking Features:

Detached, Gravel, Asphalt, Shared Driveway, Garage Door Opener, Multiple Garages, Storage
Garage Spaces:

4
Garage SqFt:

1148

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
1/8/25 Jan 8, 2025	Sold	NORTHSTAR	$588,500	-6.6%
12/14/24 Dec 14, 2024	Pending	NORTHSTAR	$630,000
8/30/24 Aug 30, 2024	Price Changed	NORTHSTAR	$630,000	-3.1%

Multifamily Sold on 1/8/2025

$588,500

Listing provided by broker:

Susie Williamson

Coldwell Banker Realty

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Listing Courtesy of: NORTHSTAR and Coldwell Banker Realty.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

1220 NW 3rd Avenue

Grand Rapids, MN 55744