Home › 315 E Main Street, Cyrus, MN 56323 (MLS# 7011649)

315 E Main Street, Cyrus, MN 56323 (MLS# 7011649)

$1,300,000
315 E Main Street
Cyrus, MN 56323
MLS# 7011649
38 beds  |  24 baths
315 E Main Street, Cyrus, MN 56323
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Property Description
Excellent investment opportunity in charming Cyrus! This 24 unit apartment complex operates at nearly 100% occupancy and provides plenty of green space that is so coveted by the apartment clientele. Located 22 miles SW of Alexandria, 6.5 miles East of Morris and 9 miles West of Starbuck, there is plenty of draw to this smaller but well maintained country town. Comprised of 3 separate 8-unit buildings, this complex provides ample parking, well-maintained grounds, several updates and a great return! Main St building is all main level living with 8-1 bedroom units and Cyrus Garden East and West buildings mirror each other with 7-2 bedroom units and 1-1 bedroom unit in each. Start investing in real estate today or expand your portfolio with this turn-key complex that will start making you money on day one!

Details
Maps
Contract Information
Status: Active
Current Price: 1300000
Contingency: Inspection
ListPrice: 1300000
List Date: 2026-01-22
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 36
Owner Occupied: No
Waterfront Present: No
Year Built: 1983
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 38
Baths Total: 24
Foundation Size: 13142
For Sale or Lease: For Sale
Acres: 1.03
Lot Dimensions: 300 150
Assessment Pending: No
Location Tax and Other Information
House Number: 315
Street Direction Prefix: E
Street Name: Main
Street Suffix: Street
Postal City: Cyrus
County: Pope
State: MN
Zip Code: 56323
Complex/Dev/Subdivision: Cyrus City
Additional Parcels Information
Property ID #2: 220068000
Assessments
Tax With Assessments: 14942
Building Information
Building Finished SqFt: 20246
Building SqFt: 20246
Income and Expenses
Annual Electric Expense: 4037
Annual Gross Income: 199032
Annual Insurance Expense: 9999
Annual Maintenance Expense: 7767
Annual Net Income: 135000
Annual Trash Expense: 3024
Annual Water/Sewer Expense: 10147
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 40
Section#: 20
Township#: 125
Sale Options
Sale Includes: Building, Business Assets, Business, Land
Unit 1
Unit Number: 1
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 1
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2026-07-20
No. of 1 Bedroom Units: 10
Unit 10
Full Baths: 1
Lease Expiration Date: 2026-09-30
Leased?: Yes
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 2
Unit 11
Full Baths: 1
Lease Expiration Date: 2025-11-30
Leased?: Yes
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 3
Unit 12
Full Baths: 1
Lease Expiration Date: 2025-06-30
Leased?: Yes
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 4
Unit 13
Full Baths: 1
Lease Expiration Date: 2026-02-28
Leased?: Yes
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 5
Unit 14
Full Baths: 1
Lease Expiration Date: 2025-12-31
Leased?: Yes
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 6
Unit 15
Full Baths: 1
Lease Expiration Date: 2025-06-30
Leased?: Yes
Total Bedrooms: 2
Unit Number: 7
Unit 2
No. of 2 Bedroom Units: 14
Full Baths: 1
Lease Expiration Date: 2025-03-31
Leased?: Yes
Level: Main Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 2
Unit 3
Full Baths: 1
Lease Expiration Date: 2025-12-31
Leased?: Yes
Level: Main Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 3
Unit 4
Full Baths: 1
Leased?: No
Level: Main Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 4
Unit 5
Full Baths: 1
Lease Expiration Date: 2025-12-31
Leased?: Yes
Level: Main Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 5
Unit 6
Full Baths: 1
Lease Expiration Date: 2025-09-30
Leased?: Yes
Level: Main Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 6
Unit 7
Full Baths: 1
Lease Expiration Date: 2025-12-31
Leased?: Yes
Level: Main Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 7
Unit 8
Full Baths: 1
Lease Expiration Date: 2025-07-31
Leased?: Yes
Level: Main Level
Total Bathrooms: 1
Total Bedrooms: 1
Unit Number: 8
Unit 9
Full Baths: 1
Lease Expiration Date: 2025-07-31
Leased?: Yes
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 1
Unit Details
Total Units: 24
Property Features
Accessible: Partially Wheelchair
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned; Other
Appliances: Range; Refrigerator
CMU Style: Apartments/Multi Family
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Residential
Exterior: Steel Siding; Vinyl
Flooring: Carpet
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Cash; Conventional
Miscellaneous Information: Exterior Lighting
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Common Area Maintenance; Exterior Maintenance; Gas; Heat; Hot Water; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Paved Lot
Rental License Type: Standard
Road Frontage: City Street; Paved Streets
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles
Sewer: City Sewer/Connected
Tenant Pays: Electricity
Unit 15: Total Bathrooms
Water: City Water/Connected
Window Features: Window Treatments

Listing Office: Edina Realty, Inc.

Last Updated: June - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Wednesday 3rd of June 2026 11:42 AM

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