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208 Chestnut Ave

Carlton, MN 55718

1 bed
1 bath
2,320 sqft
1,307 sqft lot
$127 per sqft
1920 build
– on site

Rare opportunity to own Multi Family Investment Property In Carlton MN! Located in the heart of Carlton, MN this Leased Fourplex offers a fantastic opportunity for investors looking to generate $42k+/yr in rental income. With it being well over the 1% rule, this property offers great cash flow potential and is perfect for both seasoned and first-time investors.

Listing courtesy of DAAR / Heirloom Realty, LLC

Last checked: Checking… • Last updated Dec 12, 2024 •

MLS# 6116532 —

The Building

Construction Type:

Frame/Wood
Stories:

2
Exterior:

Metal

Interior

Laundry:

Main Floor Laundry, Shared
Basement Style:

None
Basement Features:

N/A
Basement Material:

N/A
# of Overhead Doors:

4

Financial & Terms

Potential Short Sale:

no

Location

Latitude:

46.663858
Longitude:

-92.426274

The Property

Property Style:

Up & Down
Subtype:

Fourplex
0.03

Acres:
Classification:

Commercial

Listing Agent

Contact info:

Beds

Total Bedrooms:

5

Heating & Cooling

Heat:

Natural Gas, Electric

Utilities

Sewer:

City
Water:

City

Appliances

Appliances:

Refrigerator, Range/Stove
Appliances:

Refrigerator, Range/Stove
Appliances:

Refrigerator, Range/Stove

Schools

School District:

Carlton #93

Parking

Garage Type:

None
Parking/Driveway:

None

Extra Units

# of Units:

4
Unit 1 SqFt:

528 Sqft
Unit 2 SqFt:

500 Sqft
Unit 2 Total Bedrooms:

2
Unit 2 Total Baths:

1
Unit 3 SqFt:

500
Unit 3 Total Bedrooms:

2
Unit 3 Total Baths:

1
Unit 4:

Main
Unit 4 Total Baths:

1
Appliances Unit 4:

Refrigerator, Range/Stove

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
10/10/24 Oct 10, 2024	Listed / Active	DAAR	$295,000	20.4% (8.6% / YR)
5/31/22 May 31, 2022		DAAR	$245,000	4.3%
4/18/22 Apr 18, 2022		DAAR	$235,000

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This multifamily located in Carlton, MN 55718 is currently for sale for $295,000. 208 Chestnut Ave is a 2,320 square foot multifamily with 1 bed and 1 bath that has been on Estately for 69 days. This multifamily is in the attendance area of Carlton High School and South Terrace Elementary School.

Listing Courtesy of: DAAR and Heirloom Realty, LLC.

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. Duluth MLS / DAAR and Estately assume no responsibility for typographical errors, misprints or misinformation. This property listing is offered without respect to any protected classes in accordance with the law.