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$360,000 Just Listed

  • For Sale
  • Active
  • Duplex
  • 5 Beds
  • 2 Total Baths
  • 2,076 Sq. Ft.
  • 3 Car Garage
  • Updated 1 hour ago
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Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit, generating $3,000/month in rental income ($36,000 annually) with leases in place through 2026, providing immediate and stable income. Recent updates in both units include painted cabinets, updated fixtures, and new lighting. See supplements for more updates/details. Roof replaced in 2022. The property also features separately metered utilities and a detached 3-stall garage with a separate electric meter (2024), offering added income potential or flexibility for owner use. Tenants pay for gas, electricity, lawn care, and snow removal, which helps keep operating expenses low. This is a great fit for those seeking a reliable investment, a house-hack opportunity, or a multi-family property.

Full Property Details for 345 2nd Ave SW

General

  • Price: $360,000
  • Taxes: $3,434 (2026)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7036294
  • Updated: 3/25/2026
  • Added to Site: 1 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: None, None

Additional Information

  • Shared Amenities: None

Exterior

  • Porch/Patio/Deck: Porch

Parking

  • Garage: Yes
  • Garage Description: 7 x 16
  • Garage Spaces: 3
  • Parking Features: Detached Garage, Asphalt, Garage Door Opener

Location

  • County: Mille Lacs
  • Township: Milaca
  • Subdivision: Fifth Add To Milaca
  • Driving Directions: Milaca - Hwy. 23 / 4th Street, go north on 2nd Ave SW - Home on right

School Information

  • School District: 2335 - Milaca
  • High School District: Milaca

Heating & Cooling

  • Heating Type: Baseboard, Boiler, Hot Water, Radiator, Radiant
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Exterior Const.: Block, Concrete, Frame
  • Basement: Yes
  • Basement Desc.: Daylight/Lookout Windows, Full, Unfinished
  • Foundation Size: 1351
  • Roof: Age 8 Years or Less, Asphalt
  • Disability Access: None
  • Square Feet: 2,076
  • Above Ground: 2,268 Sq. Ft.
  • Finished Down/Base.: 2,268 Sq. Ft.
  • Year Built: 1920

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.414
  • Lot Dimensions: 122 x 148
  • Zoning: Residential-Multi-Family, Residential-Single Family
  • Lot Description: Corner Lot, Medium Tree Coverage

Financial Considerations

  • Operating Expenses: $7,439
  • Tax Amount: $3,434
  • Tax Year: 2026
  • Terms: Adj. Rate/Gr Payment, Conventional Rehab, Conventional, VA, FHA, Cash, Special Funding
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas, Lawn Care, Snow Removal
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: FIFTH ADDITION TO MILACA EX HWY & LOT 8 BLK 47
  • Property ID: 210460070

Listed by RE/MAX Advantage Plus

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— 345 2nd Ave SW —

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Schools serving 345 2nd Ave SW

School District:Milaca Public School District
NameGradesDistance
Milaca Elementary School
500 Minnesota 23, Milaca, MN 56353
PK-60.4 mi
Milaca Secondary High School
500 Minnesota 23, Milaca, MN 56353
7-120.4 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 345 2nd Ave SW Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/24/2026
Listed
$360,000
60%
MLS
10/06/2022
Sold
$225,000
—
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 345 2nd Ave SW

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,146
2%
$269,600
16%
2023
$3,086
-23%
$231,700
-2%
2022
$4,004
-3%
$235,600
25%
2021
$4,130
-3%
$189,200
1%
2020
$4,244
12%
$188,100
4%
2019
$3,796
24%
$180,400
12%
2018
$3,068
—
$161,700
3%
2017
$3,076
5%
$157,700
100%
2016
$2,930
—
—
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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345 2nd Avenue SW, Milaca, MN 56353 (MLS# 7036294) is a Duplex property with 5 bedrooms and 0 full bathrooms. 345 2nd Avenue SW is currently listed for $360,000 and was received on March 24, 2026. Want to learn more about 345 2nd Avenue SW? Do you have questions about finding other Duplex real estate for sale in Milaca? You can browse all Milaca real estate or contact a Coldwell Banker agent to request more information.

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