516 7th Avenue, International Falls, MN 56649 (MLS# 7160877)
$200,000
International Falls, MN 56649
MLS# 7160877
7 beds | 4 baths | 4730 sqft
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Property Description
Strong income-producing opportunity featuring a 4-unit multifamily building plus a separate 3-bedroom, 1.5-bath single-family homeâall being sold together. With 4 of the 5 total units currently rented and vacant unit #1 undergoing renovations, this property offers immediate cash flow with additional upside upon completion. Originally a church with a pastorâs residence, the main building was converted into four rental units while still showcasing unique architectural character. The unfinished third level with vaulted ceilings provides excellent potential for additional unit(s), expanded living space, or increased rental income. The accompanying single-family home adds flexibility for owner-occupancy, additional rental revenue, or on-site management. Ideal for investors or house hackers looking to expand their portfolio with a versatile multi-unit property offering multiple income streams, value-add potential, and long-term growth. Owner is a licensed real estate agent in the state of Minnesota.
Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 200000
Original List Price: 200000
ListPrice: 200000
List Date: 2026-10-15
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 7
Baths Total: 4
Main Floor Total SqFt: 2365
Above Ground SqFt: 2365
Below Grd Total SqFt: 2365
Total SqFt: 4730
Foundation Size: 2368
Style: (MF) Four Plex
Total Finished Sqft: 4733.00
Garage Stalls: 3
Lot Dimensions: 75x140
Acres: 0.23
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 516
Street Name: 7th Avenue
Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649
Complex/Dev/Subdivision: International Falls
Assessments
Tax With Assessments: 1576
Building Information
Finished SqFt Above Ground: 2365
Finished SqFt Below Ground: 2368
Income and Expenses
Annual Electric Expense: 2515
Annual Fuel Expense: 2515
Annual Gross Expenses: 14356
Annual Gross Income: 38940
Annual Insurance Expense: 3667
Annual Trash Expense: 1628
Annual Water/Sewer Expense: 2452
Total Annual Expenses: 14356
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 720
Unit 1
Furnished?: No
Leased?: No
Level: Below Ground
Unit Number: 1
Annual Rent: 7800
Full Baths: 1
Monthly Expense: 299
Monthly Rent: 650
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit 2
Furnished?: No
Lease Expiration Date: 2027-02-17
Leased?: Yes
Level: Below Ground
Unit Number: 2
Annual Rent: 7800
Full Baths: 1
Monthly Expense: 299
Monthly Rent: 650
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 4
Unit 3
Furnished?: No
Lease Expiration Date: 2027-02-17
Leased?: Yes
Unit Number: 3
Annual Rent: 8100
Full Baths: 1
Monthly Expense: 299
Monthly Rent: 675
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit 4
Furnished?: No
Lease Expiration Date: 2027-03-17
Leased?: Yes
Unit Number: 4
Annual Rent: 6240
Full Baths: 1
Monthly Expense: 200
Monthly Rent: 520
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Details
Total Units: 4
Property Features
Accessible: None
Basement: Concrete Block; Full
Construction Status: Previously Owned
Exterior: Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler; Forced Air
Laundry: Gas Dryer Hookup; In Basement; Lower Level; Sink; Washer Hookup
Parking Characteristics: Parking Lot
Roof: Asphalt Shingles; Metal; Pitched; Other
Sellers Terms: Cash; Conventional; FHA; VA; Other
Sewer: City Sewer/Connected
Stories: Two
Unit 1 Appliances: Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Dining Room Description: Eat In Kitchen; Informal Dining Room
Unit 2 Appliances: Range; Refrigerator
Unit 2 Bath Description: Main Floor Full Bath
Unit 3 Appliances: Range; Refrigerator
Unit 4 Appliances: Range; Refrigerator
Water: City Water/Connected
Listing Office: eXp Realty
Last Updated: October - 17 - 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.
Tuesday 20th of October 2026 09:51 PM
218-998-4400
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