Home › 127 Park Avenue SW, Silver Lake, MN 55381 (MLS# 7134909)

127 Park Avenue SW, Silver Lake, MN 55381 (MLS# 7134909)

$1,200,000
127 Park Avenue SW
Silver Lake, MN 55381
MLS# 7134909
14 beds  |  12 baths

Property Description
Lakeside Manor Apartments in picturesque Silver Lake, MN is a 12 unit rental apartment community for adults aged 50 and older. This impeccably maintained lakefront property features 10 one bedroom and 2 two bedroom apartment homes, coin op laundry room, community room, public restroom, off-street parking, 4 car garage, additional outbuilding, 1.59 acre lot complete with a fantastic lakefront view!

Details
Maps
Contract Information
Status: Active
Current Price: 1200000
Contingency: None
ListPrice: 1200000
List Date: 2026-10-01
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: White Companies, Inc.
Multiple PIDs?: No
Other Parking Spaces: 12
Owner Occupied: No
Road Btwn WF & Home?: No
Waterfront Frontage: 256
Waterfront YN: Yes
Year Built: 1984
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 14
Baths Total: 12
Foundation Size: 9537
Garage Stalls: 4
Lake/Waterfront Name: Silver
Management Company Phone: 320-587-4000
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 1.59
Lot Dimensions: 256 x 370
Assessment Pending: Yes
Location Tax and Other Information
House Number: 127
Street Name: Park
Street Suffix: Avenue
Street Direction Suffix: SW
Postal City: Silver Lake
County: McLeod
State: MN
Zip Code: 55381
Assessments
Assessment Balance: 12480
Tax With Assessments: 11578
Building Information
Building Finished SqFt: 9537
Income and Expenses
Annual Electric Expense: 3159.05
Annual Fuel Expense: 2772.14
Annual Gross Expenses: 43409.2
Annual Gross Income: 103845
Annual Insurance Expense: 10368
Annual Net Income: 60435.8
Annual Trash Expense: 2944.81
Annual Water/Sewer Expense: 4650.65
Lake Details
Lake Acres: 500
Lake Depth: 6
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 28
Section#: 33
Township#: 117
Sale Options
Sale Includes: Building, Fixture/Equipment, Leases, Rental License
Unit 1
Unit Number: 1
Monthly Rent: 950
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Level: Main Level
Unit Total SqFt: 900
Leased?: Yes
Lease Expiration Date: 2026-06-30
No. of 1 Bedroom Units: 10
Unit 10
Full Baths: 1
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 10
Unit Total SqFt: 585
Unit 11
Full Baths: 1
Lease Expiration Date: 2026-03-15
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 11
Unit Total SqFt: 585
Unit 12
Full Baths: 1
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 900
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 12
Unit Total SqFt: 900
Unit 2
No. of 2 Bedroom Units: 2
Full Baths: 1
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 2
Unit Total SqFt: 585
Unit 3
Full Baths: 1
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 850
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 3
Unit Total SqFt: 585
Unit 4
Full Baths: 1
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 4
Unit Total SqFt: 585
Unit 5
Full Baths: 1
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 5
Unit Total SqFt: 585
Unit 6
Full Baths: 1
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 6
Unit Total SqFt: 585
Unit 7
Full Baths: 1
Lease Expiration Date: 2026-06-30
Leased?: Yes
Level: Main Level
Monthly Rent: 800
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 7
Unit Total SqFt: 585
Unit 8
Full Baths: 1
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Monthly Rent: 700
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 8
Unit Total SqFt: 585
Unit 9
Full Baths: 1
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 9
Unit Total SqFt: 585
Unit Details
Total Units: 12
Property Features
Accessible: Door Lever Handles; Doors 36"+; Grab Bars In Bathroom; Hallways 42"+; No Stairs External; No Stairs Internal
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned; Security Building
Appliances: Dryer; Range; Refrigerator; Washer
Assumable Loan: Not Assumable
CMU Style: Apartments/Multi Family
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Residential
Existing Financing: Conventional
Exterior: Vinyl
Flooring: Carpet; Luxury Vinyl Plank; Vinyl/Linoleum
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Internet Options: Cable
Loan Terms: Cash; Conventional
Location Description: Downtown
Lot Description: Accessible Shoreline; Tree Coverage - Medium
On Site Utilities: Electric Common; Electric Separate; Heating Common; Hot Water Common
Owner Pays: Gas; Grounds Care; Heat; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Repairs; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Garage Door Opener
Rental License Type: Other
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years; Asphalt Shingles
Sewer: City Sewer/Connected
Shared Rooms: Community Room; Other
Stories: One
Tenant Pays: Electricity
Wall Description: Drywall; Finished
Water: City Water/Connected
Waterfront Type: Lake Front
Waterfront View: Lake
Window Features: Double Pane Windows; Screens

Listing Office: White Companies, Inc

Last Updated: October - 02 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Friday 2nd of October 2026 07:53 PM

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