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$810,000

  • Sold
  • Closed
  • Apartment
  • 12,500 Sq. Ft.
  • 0.83 Acres
See This Home
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Cash flowing 16 units (2 - 8 unit buildings). Looking for a solid investment property with room to increase cash on cash significantly? This is the one. Never any vacancy unless wanted for unit turns. Chippewa County has a strong need for affordable rental property. This property has 2 well maintained 8 unit buildings. 50% of the windows have been replaced. The exterior was recently painted and there is room to grow rents. 50 year Metal roofs on both buildings (approximately 10 years old). 2 BR units are 750 SF, 1 BR are 700 SF. Water, garbage and hot water are included in the rents. Tenants pay electricity, cable and internet. Coin operated laundry. Contact agent for P/L and showings. Strong, low maintenance, income producing property. Remaining showings cancelled, an offer has been accepted - 4/8/25

Full Property Details for 116 Baldwin St

General

  • Sold For: $810,000
  • Taxes: $7,484 (2024)
  • Status: Closed
  • Type: Apartment
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6690933
  • Added to Site: 321 day(s) ago

Parking

  • Parking Features: Asphalt, Gravel

School Information

  • School District: 2190 - Yellow Medicine East
  • High School District: Yellow Medicine East

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Baseboard
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (In-Street)
  • Utility Description: Electric Separate

Financial Considerations

  • Operating Expenses: $38,408
  • Tax Amount: $7,484
  • Tax Year: 2024
  • Owner Pays: Electricity, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection
  • Tenant Pays: Cable TV, Electricity
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: SUBD S1-2 BK11 & BK4 PILLSBURY PART OF LOTS 1, 2, 3, 4 & 5 DESC AS BEG AT SE COR BLK 4 PILLSBURYS 1ST TH N 10 DEG E AL E LINE OF BLK 11 ORIG PLAT & BLK 4 PILLSBURY 1ST A DIS OF 97 FT TH W 10 DEG N 208 FT TH N 37 DEG 38 MIN W 150 FT SW 170.97 FT TO PT ON S LINE OF SAID BLK 4 LOCATED 382 FT FROM SE COR BLK 4 TH ELY 382 FT TO BEG
  • Inclusions: Building, Land, Leases
  • Property ID: 401800110

Listed by RE/MAX Advantage Plus
Sold by Glenwood State Real Estate

Listing agents

— 116 Baldwin St —

  • RE/MAX Advantage Plus

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 116 Baldwin St

School District:Yellow Medicine East
NameGradesDistance
Bert Raney Elementary School
555 7th Avenue, Granite Falls, MN 56241
PK-50.6 mi
Yellow Medicine East Senior High School
450 9th Avenue, Granite Falls, MN 56241
9-120.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 Baldwin St

Date
Details
Price
Change
Source
5/30/2025
Sold
$810,000
1.25%
MLS
3/27/2025
Listed
$800,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by RE/MAX Advantage Plus
Sold by Glenwood State Real Estate

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116 Baldwin Street, Granite Falls, MN 56241 (MLS# 6690933) is a Apartment property that was sold at $810,000 on May 30, 2025. Want to learn more about 116 Baldwin Street? Do you have questions about finding other Apartment real estate for sale in Granite Falls? You can browse all Granite Falls real estate or contact a Coldwell Banker agent to request more information.