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$950,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 11 Total Beds
  • 2 Car Garage
  • Updated 9 hours ago
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This one-of-a-kind 4-plex is perfectly situated within the 1st block of the Detroit Lake City Beach and The Heartland State Trail, directly across the street from People's Park and just up the street from Zorbaz, not to mention Kent Freeman Arena, The Becker County Fairgrounds, MN Flyers Gymnastics, and more - offering unbeatable convenience and appeal for tenants. Extensive renovations have been completed on multiple units in recent years, featuring modern appliances, updated flooring, kitchen remodels, bathroom updates, new lighting, and thoughtful insulation improvements. The property continues to benefit from strong rental performance and has established itself as a reliable source of income. The 5-bed/3-bath unit is fully furnished and turnkey for immediate occupancy. The 2-bed unit will be vacant and available at the end of the month. Whether you're an investor looking for steady cash flow or someone seeking to live in a unique multi-family property with strong upside and increasing value in a high-demand area for future development, this is truly a standout opportunity.

Full Property Details for 1311 Summit Ave

General

  • Price: $950,000
  • Taxes: $8,584 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7082979
  • Updated: 5/30/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 7

Bedrooms

  • Total Bedrooms: 11

Other Rooms

  • Laundry: In Unit, In Unit

Exterior

  • Porch/Patio/Deck: Deck, Other, Side Porch

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Concrete

Location

  • County: Becker
  • Township: Detroit Lakes
  • Subdivision: Iversons Add
  • Driving Directions: West Lake to Summit Ave - Turn North at Zorbaz. 3 properties to the north of the vacant city lot on the East Side of the road.

School Information

  • School District: 22 - Detroit Lakes
  • High School District: Detroit Lakes

Heating & Cooling

  • Heating Type: Baseboard, Forced Air, Fireplace(s)
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Partial, Partially Finished
  • Foundation Size: 3048
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 6,892
  • Above Ground: 5,892 Sq. Ft.
  • Below Ground: 1,392 Sq. Ft.
  • Finished Down/Base.: 7,284 Sq. Ft.
  • Year Built: 1949

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.43
  • Lot Dimensions: 150 x 125
  • Frontage: City Street, Curbs, Sidewalks, Storm Sewer
  • Zoning: Residential-Multi-Family
  • Lot Description: Medium Tree Coverage
  • Fencing (Description): Partial, Vinyl

Financial Considerations

  • Tax Amount: $8,584
  • Tax Year: 2025
  • Terms: Conventional, FHA, Cash
  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Repairs, Roof Maintenance, Snow Removal, Taxes, Trash Collection, Water
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: IVERSONS ADDITION DL BLOCK 002 PT LOTS 4, 5 BLK 2. E1/2 LOT 4. N 40' OF E1/2 LOT 5 LESS S 5' OF N 40' E1/2 LOT 5.
  • Property ID: 491535000

Listed by The Real Estate Company of Detroit Lakes

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— 1311 Summit Ave —

  • The Real Estate Company of Detroit Lakes

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NMLS#: 1598647

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Schools serving 1311 Summit Ave

School District:Detroit Lakes Public School District
NameGradesDistance
Rossman Elementary School
1221 Rossman Avenue, Detroit Lakes, MN 56501
PK-50.2 mi
Detroit Lakes Middle School
500 11th Avenue, Detroit Lakes, MN 56501
5-81.2 mi
Detroit Lakes Senior High School
1301 Roosevelt Avenue, Detroit Lakes, MN 56501
9-120.6 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 1311 Summit Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/29/2026
Listed
$950,000
52%
MLS
2/02/2024
Sold
$625,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1311 Summit Ave

Year
Property Taxes
Change
Tax Assessment
Change
2026
$8,100
-4%
$721,500
4%
2024
$8,404
-2%
$696,600
5%
2023
$8,586
—
$664,000
8%
2023
$8,586
-9%
$612,600
-9%
2021
$9,410
39%
$670,000
42%
2020
$6,784
17%
$471,500
23%
2019
$5,786
-18%
$382,700
-28%
2018
$7,036
25%
$530,000
34%
2017
$5,614
—
$394,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by The Real Estate Company of Detroit Lakes

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1311 Summit Avenue, Detroit Lakes, MN 56501 (MLS# 7082979) is a Multi-Family property with 4 units containing 11 bedrooms and 0 full bathrooms. 1311 Summit Avenue is currently listed for $950,000 and was received on May 29, 2026. Want to learn more about 1311 Summit Avenue? Do you have questions about finding other Multi-Family real estate for sale in Detroit Lakes? You can browse all Detroit Lakes real estate or contact a Coldwell Banker agent to request more information.

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