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This home will be available soon!

515 NW 7th Avenue

Grand Rapids, MN 55744

– beds
– baths
1,880 sqft
$111 per sqft
1952 build
– on site

Fantastic Opportunity to Live, Earn, and Enjoy – All in One Place! Have you ever dreamed of living in your very own Airbnb while having an additional apartment upstairs to help minimize your mortgage? If so, this property is perfect for you! This meticulously maintained duplex is currently being run as an Airbnb on the main level, with an additional apartment upstairs that could generate $850+ per month in rental income. Are you an investor looking to expand your portfolio? Keep the setup as it is and enjoy steady cash flow. The main level features two bedrooms, one full bathroom, and an open-concept kitchen, living, and dining area. It also includes a basement with a washer and dryer, as well as a versatile flex space that can be used for storage or as a potential playroom. The upstairs apartment has a private entrance at the back and includes a kitchen, two bedrooms, one full bathroom, and a cozy living area. The property also boasts a detached garage and a freshly built pergola adorned with string lights, creating a warm and inviting path to your home. Move-in ready and offering flexibility, this duplex is ideal for owner-occupants who want to rent one unit or for investors seeking a combination of Airbnb and long-term rental income. Don’t miss your chance to own this income-generating gem.

Listing courtesy of NORTHSTAR / Alexandra Bloch / EDGE OF THE WILDERNESS REALTY

Last checked: Checking… • Last updated Jan 24, 2025 •

MLS# 6652316 —

The Building

Year Built:

1952
New Construction:

false
Age Of Property:

73
Construction Materials:

Vinyl Siding
Construction Materials Desc:

Block
Roof:

Asphalt
Accessibility Features:

Wheelchair Ramp(s)
Levels:

Two
Main Level Finished Area:

720.0000
Basement:

Block, Full
Basement:

true
Foundation Area:

720
Foundation Dimensions:

24x30
Building Area Total:

2160
Above Grade Finished Area:

1440
Below Grade Finished Area:

440

Room Dimensions

Living Area:

1880

Location

Directions:

Hwy 2 W to right on NW 3rd Ave, left on to NW 5th St. Right on to 7th Ave NW to property on your left
Latitude:

47.237555
Longitude:

-93.539331

The Property

Parcel Number:

914201210
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Duplex Up and Down
Additional Parcels:

false
Lot Size Area:

0.15
Lot Size Dimensions:

45x143x45x143
Lot Size Units:

Acres
Road Frontage Type:

City Street
Road Responsibility:

Public Maintained Road
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

2259
Tax With Assessments:

2304.0000

The Listing

Virtual Tour
Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Forced Air

Utilities

Electric:

200+ Amp Service
Sewer:

City Sewer/Connected

Schools

High School District:

Grand Rapids

The Community

Subdivision Name:

Grand Rapids Second Div
Assessment Pending:

No

Parking

Parking Features:

Detached
Garage Spaces:

1
Garage Dimensions:

21x13
Garage SqFt:

344

Extra Units

# of Units Total:

2

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
1/24/25 Jan 24, 2025	Coming Soon	NORTHSTAR	$209,000	63.3% (15.6% / YR)
1/7/21 Jan 7, 2021		NORTHSTAR	$128,000	-3.0%
11/14/20 Nov 14, 2020		NORTHSTAR	$132,000

Multifamily

$209,000

Listing provided by broker:

Alexandra Bloch

EDGE OF THE WILDERNESS REALTY

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This multifamily is located in Grand Rapids, MN 55744. 515 NW 7th Avenue is a 1,880 square foot multifamily with – beds and – baths that has been on Estately for 0 days. This multifamily is in the attendance area of Forest Lake Elementary School, Grand Rapids Senior High School, and Robert J. Elkington Middle School.

Listing Courtesy of: NORTHSTAR and EDGE OF THE WILDERNESS 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.