29545 East Street, Chisago City, MN 55013 (MLS# 6261682)
$1,500,000
Chisago City, MN 55013
MLS# 6261682
Status: Closed
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Property Description
This apartment building is a rare find, 20 units all on one level. This is an amazing business opportunity, current vacancy is only 10%. Established renters in place.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2023-01-30
Current Price: 1475000
Closed Date: 2023-02-10
Sales Close Price: 1475000
Contingency: None
ListPrice: 1500000
List Date: 2022-09-14
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 35
Owner Occupied: No
Year Built: 1978
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 17048
For Sale or Lease: For Sale
Acres: 1.77
Lot Dimensions: 494x216x273x131x108
Location Tax and Other Information
House Number: 29545
Street Name: East
Street Suffix: Street
Postal City: Chisago City
County: Chisago
State: MN
Zip Code: 55013
Assessments
Assessment Balance: 246
Tax With Assessments: 11376
Building Information
Building Finished SqFt: 17048
Ceiling Height: 8-10
Income and Expenses
Annual Electric Expense: 26972
Annual Gross Expenses: 133469
Annual Gross Income: 154524
Annual Maintenance Expense: 19676
Annual Net Income: 21056
Annual Trash Expense: 3220
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 20
Section#: 6
Township#: 33
Sale Options
Sale Includes: Business, Fixture/Equipment
Unit 1
No. of 1 Bedroom Units: 19
Unit 2
No. of 2 Bedroom Units: 1
Unit Details
Total Units: 20
Property Features
Accessible: Hallways 42"+; No Stairs External; No Stairs Internal
Air Conditioning: Window Unit(s)
Amenities Shared: Coin-op Laundry Owned
Appliances: Range; Refrigerator
CMU Style: Apartments/Multi Family; Business Opportunity; Low Rise
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone; Wood
Financing Terms: Conventional
Fuel: Electric
Heating: Baseboard
Loan Terms: Cash; Conventional
Lock Box Type: Supra
Lot Description: Irregular Lot; Tree Coverage - Heavy
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Owner Pays: Insurance; Janitorial Service; Janitorial Service; Taxes; Water
Parking Characteristics: Paved Lot
Sewer: City Sewer/Connected
Tenant Pays: Cable TV; Electricity
Water: City Water/Connected
Listing Office: Keller Williams Premier Realty
Last Updated: August - 07 - 2025
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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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