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$549,900   Price Analysis
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1818 W Highway 61
Grand Marais, MN 55604
8 bed 6 bath 960 SqFt ($572/SqFt)
1.31 acre lot. Built 2000
Listed 2022-03-09, Taxes $5,370
USDA Eligible
near Chippewa City, MN
 

Unique opportunity to find long-term

* No Longer For Sale *
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Residential rental homes in the city limits of Grand Marais. There are two 3 bedroom, 2 bathroom homes and a two bedroom, 2 bath home. These charming homes are all one l evel, feature electrc heat and are completed with half-log interior siding. There is room for expansion on this 1.3+ acre property that includes additional building pads with utilities stubbed in at the site.

The property is zoned Commercial Industrial, so it could be converted to vacation rentals or some other type of commercial usage. The property is located off Highway 61 and abuts the Bike Trail, which doubles as a exceptional walking path to downtown Grand Marais.


Presented by Virginia Detrick Palmer at
Coldwell Banker North Shore.
Listing Agent Photo

Property MLS #6101604 from LakeSuperiorAreaRealtors

Bedrooms: 8

Total Bathrooms: 6
Full Bathrooms: 6

1 E

Heating Features: Baseboard, Electric

Basement Description: Crawl Space

Lot Size Acres: 1.31
Lot Size Dimensions: 250 x 255
Lot Size Square Feet: 57064

Road Frontage Type: Road Frontage: Highway, Paved, State

View: Typical

Association: No
Calculated Total Monthly Association Fees: 0

Number of Units: 3
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 3
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Full Bathrooms in Unit-1: 1
Total Rooms in Unit-1: 3
Total Rooms in Unit-2: 5
Total Rooms in Unit-3: 5

School District: Cook County #166

Cook County Senior High School is a public high school located approximately 1.3 miles away.
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Cook County Middle School is a public middle school located approximately 1.3 miles away.
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Sawtooth Mountain Elementary School is a public elementary school located approximately 1.3 miles away.
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Tenant Pays: Electric, Internet Service, Sewer, Trash, Water

Annual Tax Amount: 5168
Source Listing Status: SOLD
County: Cook County
Directions: From downtown Grand Marais, West on Highway 61 for just over a mile. The 3 units are on the South side of Highway 61.
Tax Year: 2021
Ownership: 100
Source Property Type: Single
Area: Grand Marais
Source Neighborhood: Grand Marais
Ownership Type: No
Parcel Number: 80-020-3280
Public Survey Section: 20
Property Subtype: Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$248,500 + $88,900
$337,400
$5,370
2021$243,100 + $88,900
$332,000
$5,168
2020$245,800 + $88,900
$334,700
$5,202
2019$190,700 + $60,900
$251,600
$4,178
2018$193,100 + $61,000
$254,100
$3,990
2017$193,100 + $59,700
$252,800
$3,850
2016$195,200 + $59,700
$254,900
$3,472
2015$197,200 + $59,700
$256,900
$3,272
2014$133,700 + $143,500
$277,200
$2,840
2013$133,700 + $143,500
$277,200
$2,868
2012$133,700 + $143,500
$277,200
$2,770
2011$169,800 + $93,400
$263,200
$2,458
2008$169,800 + $93,400
$263,200
$2,844

Sold 2022-05-26
$620,000
LakeSuperiorAreaRealtors
Listed 2022-03-09
$549,900
LakeSuperiorAreaRealtors
Listing removed 2015-01-01
$89,900
Arrowhead
Listed 2014-08-03
$89,900
Arrowhead

Total Square Feet Living: 960
Year Built: 2000
Building Exterior Type: Log, Wood
Construction Materials: Basement Material: Poured Concrete, Construction Type: Frame/Wood, Modular
Property Age: 22
Roof: Asphalt Shingles
Levels or Stories: 1 Story
Structure Type: MULTI-FAMILY

Sewer: City

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.