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$210,000   Price Analysis
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540 2nd Ave SW
Cambridge, MN 55008
5 bed 2 bath 1,680 SqFt ($125/SqFt)
7,200SqFt lot. Built 1920
Listed 2024-04-18, Taxes $2,674
USDA Eligible
near Bradford, MN
 

Here is the opportunity you have been looking for!

* No Longer For Sale *
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This 5 bedroom 2 bath duplex s in the heart of Cambridge. The lo wer unit offers 3 bedrooms and 1 bath. The upper unit offers 2 bedrooms and 1 bath. Upper unit has been vacant since 04/13/24. Seller is not looking to fill the vacancy in hopes of making showings that much easier.

Landlord pays water and sewer. Tenants pay electric, heat, garbage, lawn and snow. Property has tremendous potential for a variety of buyers or investors. Property is being sold As-Is, Where-Is. Book your showing today!


Presented by Timothy Haley at
CENTURY 21 Moline Realty, Inc.
Listing Agent Photo

Property MLS #6521486 from NorthstarMLS

Bedrooms: 5

Basement Features: Concrete Block

Full Bathrooms: 2

Heating Features: Forced Air, Radiant
Heating Fuel: Natural Gas

Vinyl
Road Frontage Type: City, Curbs, Paved Streets, Sidewalks, Storm Sewer, Street Lights
Road Responsibility: Public Maintained Road

Land Lease Amount Frequency: No
Lot Description: Corner Lot, Irregular Lot, Tree Coverage - Light
Lot Size Acres: 0.1653
Lot Size Dimensions: 96x75x96x75
Topography: Level
Lot Size Square Feet: 7200

Garage Spaces: 2
Parking Features: Detached Garage, Driveway - Concrete
Garage Sqft: 440

Association: No
Calculated Total Monthly Association Fees: 0

Gross Income: 17300.01
Tenant Pays: Electric, Fuel, Lawn, Snow, Trash

Number of Units: 2

School District: 911 - Cambridge-Isanti

Cambridge Intermediate School is a public elementary school located approximately 0.2 miles away.
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Cambridge-Isanti High School is a public high school located approximately 0.6 miles away.
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Cambridge Middle School is a public middle school located approximately 2.6 miles away.
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St Scholastica HSC Academy is a private elementary, middle and high school located approximately 0.3 miles away.
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Annual Tax Amount: 2770.00
Source Listing Status: Closed
County: Isanti
Directions: From Hwy 65 turn West onto Hwy 95/First Ave E, turn South on Dellwood St. S, West onto 2nd Ave SW and the property is on your right.
Tax Year: 2024
Source Property Type: Multi-Family
Insurance Expense: 2706.00
Source Neighborhood: Giles Blk
Owner Pays: Insurance, Sewer, Taxes, Water
Parcel Number: 150540030
Subdivision: Giles Blk
Zoning: Residential-Multi-Family
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$139,600 + $12,600
$152,200
$2,674
2020$132,000 + $12,600
$144,600
$2,596
2019$123,200 + $12,600
$135,800
$2,510
2018$unknown + $unknown
$114,600
$2,216
2017$93,000 + $12,600
$105,600
$2,170
2016$64,600 + $12,600
$77,200
$1,574
2015$57,900 + $12,600
$70,500
$1,544
2014$47,800 + $25,200
$73,000
$1,542
2013$43,700 + $25,200
$68,900
$1,304
2012$48,400 + $25,200
$73,600
$1,320
2011$51,200 + $25,200
$76,400
$2,176

Sold 2024-05-22
$212,000
NorthstarMLS
Listed 2024-04-18
$210,000
NorthstarMLS
Listing removed 2012-03-22
$29,000
LakeSuperiorAreaRealtors
Sold 2012-02-23
$29,000
NorthstarMLS
Price Changed 2011-12-19
$29,900
NorthstarMLS
Listed 2011-11-27
$29,000
LakeSuperiorAreaRealtors
Listed 2011-11-27
$43,900
NorthstarMLS
Listing removed 2011-08-31
$51,900
NorthstarMLS
Price Changed 2011-04-01
$58,000
NorthstarMLS
Listed 2011-02-16
$62,900
NorthstarMLS
Sold 2007-05-03
$52,000
Public Record
Sold 1991-05-16
$52,000
Public Record

Net Operating Income: 12568.00
Operating Expense: 4731.00

Total Square Feet Living: 1680
Above Grade Finished Area: 1680
Construction Materials: Block, Frame
Foundation Area: 1072.00
Property Age: 104
Property Condition: Previously Owned
Roof: Age Over 8 Years, Asphalt Shingles
Levels or Stories: 2
Total Above Grade Sqft Area: 1680.00
Total Area Main: 940.00
Total Below Grade Area: 1072.00

Electric: Circuit Breakers
Sewer: City Sewer/Connected
Water Sewer Expense: 1244.50
Water Source: City Water/Connected

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.