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For Sale:  Big Falls MLS# 7160877

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$200,000
/mo Edit
Multi-family:  Fourplex
7 br • 4 ba • Built 1910
4,733 sqft • 0.23 acres
International Falls schools
MLS# 7160877
763-576-8286
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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 home—all 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 pastor’s 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.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $200,000
    Price per sq ft: $42
    Property Type: Multi-family
    City: Big Falls
    Garage Spaces: 3
    County: Koochiching
    Year Built: 1910
    State: MN
    Property Style: Fourplex
    Zip Code: 56649
    Subdivision Name: International Falls

    Interior

    Bedrooms: 7
    Bathrooms: 4
    Finished Area: 4,733 ft2
    Living Area: 4,733 ft2
    Refrigerators: Four
    Basement Details:
    • Block
    • Full

    Exterior

    Stories: Two
    Garage Spaces: 3
    Garage Size: 720 ft2
    Foundation Size: 2,368 ft2
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Forced Air
    Parking Features:
    • Attached Garage
    • On-Street Parking Only
    • Parking Lot
    Roof Details:
    • Asphalt
    • Metal
    • Other
    • Pitched

    Rooms

    Laundry:
    • Gas Dryer Hookup
    • In Basement
    • Lower Level
    • Sink
    • Washer Hookup

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.23
    Geolocation: 48.599943, -93.410085
    Lot Dimensions: 75 x 140
    Zoning: Residential-Multi-Family

    Schools

    School District: 361
    District Phone: 2182832571

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $2,515
    Annual Fuel Expense: $2,515
    Annual Insurance Expense: $3,667
    Annual Maintenance Expense: None
    Annual Trash Expense: $1,628
    Annual Water/Sewer Expense: $2,452

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $1,576
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,576

    Income

    Annual Gross Income: $38,940

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of eXp Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.