Date
Details
Price
Change
Source
10/15/2026
Listed
$200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Strong income-producing opportunity featuring a 4-unit multifamily building plus a separate 3-bedroom, 1.5-bath single-family home-all being sold together. With 4 of the 5 total units currently rented and vacant unit #1 undergoing renovations, this property offers immediate cash flow with additional upside upon completion. Originally a church with a pastor's residence, the main building was converted into four rental units while still showcasing unique architectural character. The unfinished third level with vaulted ceilings provides excellent potential for additional unit(s), expanded living space, or increased rental income. The accompanying single-family home adds flexibility for owner-occupancy, additional rental revenue, or on-site management. Ideal for investors or house hackers looking to expand their portfolio with a versatile multi-unit property offering multiple income streams, value-add potential, and long-term growth. Owner is a licensed real estate agent in the state of Minnesota.
Full Property Details
Full Property Details for 516 7th Ave
General
- Price: $200,000
- Taxes: $1,576 (2026)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7160877
- Updated: 10/16/2026
- Added to Site: 1 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: In Basement, Gas Dryer Hookup, Lower Level, Sink, Washer Hookup, In Basement, Gas Dryer Hookup, Lower Level, Sink, Washer Hookup
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 3
- Parking Features: Attached Garage, On-Street Parking Only, Parking Lot
Location
- County: Koochiching
- Township: International Falls
- Subdivision: International Falls
- Driving Directions: From downtown International Falls, head east on 3rd Street (US-71) for approximately 0.5 miles. Turn left (north) onto 7th Avenue and continue for about 0.2 miles. The property at 516 7th Ave will be on your left-hand side.
School Information
- School District: 361 - International Falls
- High School District: International Falls
Heating & Cooling
- Heating Type: Boiler, Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Basement: Yes
- Basement Desc.: Block, Full
- Foundation Size: 2368
- Roof: Asphalt, Metal, Other, Pitched
- Disability Access: None
- Square Feet: 4,733
- Above Ground: 2,365 Sq. Ft.
- Below Ground: 2,365 Sq. Ft.
- Finished Down/Base.: 4,730 Sq. Ft.
- Year Built: 1910
Unit Information
- Units w/Refrigerators: 4
Lot Features
- Lot Size (Acres): 0.23
- Lot Dimensions: 75 x 140
- Zoning: Residential-Multi-Family
Financial Considerations
- Operating Expenses: $14,356
- Tax Amount: $1,576
- Tax Year: 2026
- Terms: Conventional, VA, FHA, Cash, Other
Disclosures and Reports
- Legal Description: LOTS 13-15 BLK 31
Listed by eXp Realty
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NMLS#: 1598647
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Schools
Schools serving 516 7th Ave
School District:International Falls School District
| Name | Grades | Distance |
|---|---|---|
Falls Elementary School 1414 15th Avenue, International Falls, MN 56649 | PK-5 | 0.9 mi |
Falls Secondary 1515 11th Street, International Falls, MN 56649 | 6-12 | 1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 7th Ave
Tax History
Tax History for 516 7th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2026
$1,576
19%
$72,700
20%
2025
$1,328
-6%
$60,400
-17%
2023
$1,414
-3%
$72,400
—
2022
$1,464
2%
$72,400
-2%
2020
$1,442
—
$74,200
2%
2020
$1,442
2%
$72,400
—
2019
$1,418
3%
$72,400
—
2019
$1,376
5%
$72,400
—
2018
$1,316
12%
$72,400
—
2017
$1,178
-3%
$72,400
—
2015
$1,214
—
$72,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 516 7th Ave
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- Single Family
- Closed
- 2Beds
- 1Total Bath
- 936Sq. Ft.
Listed by Pemberton RE
Sold by Non-MLS
Sold by Non-MLS
- Single Family
- Closed
- 4Beds
- 3Total Baths
- 1,759Sq. Ft.
Listed and Sold by Blackduck Realty
516 7th Avenue, Big Falls, MN 56649 (MLS# 7160877) is a Multi-Family property with 4 units containing 7 bedrooms and 0 full bathrooms. 516 7th Avenue is currently listed for $200,000 and was received on October 15, 2026. Want to learn more about 516 7th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Big Falls? You can browse all Big Falls real estate or contact a Coldwell Banker agent to request more information.