Additional details

Brandon Miskulin

brandon@executivestarrealty.com +1(218) 464-3126

Listed by Paul L Docauer RE/MAX Advantage Plus - Blaine

$325,000

Est. payment - /mo

5 Beds

2 Baths

1,922 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 1,922 sqft

Price per Sqft $169

MLS Listing ID LSA6124189

Style Ranch

Bedrooms 5

Full Baths 1

Three Quarter Bath 1

HOA Y/N No

Year Built 1929

Annual Tax Amount $3,854

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 40 x 125

Property Sub-Type Single Family Detached

Source lsar

Property Description

Excellent cash-flowing rental property located just one block from the main UMD parking lot. This is an ideal opportunity for investors or for parents seeking housing for a student attending UMD or the College of St. Scholastica. Thanks to its highly desirable location, the home has never experienced a vacancy and has been well-maintained. With five bedrooms, the property's rental income comfortably covers operating expenses and mortgage costs. The main level offers an inviting, open layout, a gas fireplace for cozy evenings and includes an additional refrigerator for tenant convenience. The rental license is active and fully transferable. The floor plan features two bedrooms and a full bath on the main level, along with three bedrooms and a 3/4 bath in the lower level. Most windows were replaced just before the current owners purchased the property. The living room, dining room, and all lower-level lookout windows have been updated within the past 3 years. A significant recent upgrade is the brand-new 2025 boiler, which also functions as an on-demand water heater. This efficient system helps keep heating costs low by eliminating the need to maintain a full tank of hot water and removes the future expense of replacing a traditional water heater. Current rent is $2,875 per month with the lease expiring on May 31, 2026. All tenants are vacating the property. The next 12 month rental cycle is projected at $3,000 per month, still below comparable nearby properties, which typically run $50–$75 higher per room. This is an outstanding opportunity to own a strong, income-producing property while also potentially providing housing for a student with a fully transferable rental license. Let this investment work for you or enjoy it as a regular single family home with excellent proximity to campus.

Location

State MN

County St. Louis County

Area Lsar

Direction I35 from the South, Hwy 61 from the North to N 21st Ave E, go west to Woodland Ave, Go right to College St, go left Lawn Street, go left to 1916.

Rooms

Basement Full

Dining Room Informal Dining Room

Interior

Interior Features Ceiling Fan(s), Eat In Kitchen, Hardwood Floors, Natural Woodwork, Tiled Floors, Main Floor Laundry

Heating Boiler, Natural Gas

Cooling None

Fireplaces Number 1

Fireplaces Type Gas

Fireplace true

Appliance Dryer, Range, Refrigerator, Washer

Exterior

Parking Features Concrete, Gravel

View Y/N No

Roof Type Asphalt Shingle

Garage Yes

Building

Lot Description Tree Coverage - Light

Story 1

Foundation Concrete

Sewer Public Sewer

Water City

Architectural Style Ranch

Structure Type Stucco,Wood

New Construction false

Schools

High Schools Duluth #709

School District Duluth #709

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Nearby School & Business

Brandon Miskulin

WI Broker, MN Agent | License ID: 58234-90, 40371939

+1(218) 464-3126 | brandon@executivestarrealty.com

1916 Lawn St Duluth, MN 55812-8440

Brandon Miskulin

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

Nearby School & Business

BUYING MY HOME