Here is an opportunity to have an income producing property! Rent both units or rent one and live in the other! New furnace just installed! New carpet just installed in the upper apartment. Roof just replaced. Other recent updates include water heater, washer, dryer and laundry sink. Property is located just three blocks from downtown Monticello where there is a variety of different shops and places to eat, including parks and the mighty Mississippi River!
Closed
$260,000
331 E 3rd St, Monticello, MN 55362
3beds
2baths
1,910sqft
Multi Family
Built in 1900
-- sqft lot
$282,500 Zestimate®
$136/sqft
$1,473 Estimated rent
Home value
$282,500
$246,000 - $319,000
$1,473/mo
Zestimate® history
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$1,473/mo
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$1,577/mo
Est. payment
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Est. payment
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Zillow last checked: 7 hours ago
Listing updated: September 20, 2025 at 11:37pm
Listed by:
Lance A Lindstrom 763-234-7629,
Life and Liberty Real Estate
Bought with:
Sarina Siljander
Coldwell Banker Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6577252
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: In Basement, Common Area, Electric Dryer Hookup, Sink, Washer Hookup
Features
- Basement: Block,Full,Owner Access,Shared Access,Storage Space,Unfinished
Interior area
- Total structure area: 1,910
- Total interior livable area: 1,910 sqft
- Finished area above ground: 1,910
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 0.37 Acres
- Dimensions: 99 x 165
- Topography: Level
Details
- Foundation area: 1005
- Parcel number: 155040003030
- Zoning description: Other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Roof: Architectural Shingle,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Monticello
- Subdivision: Lower Monti Blocks A, B, C & D
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/19/2024 | Sold | $260,000-3.3%$136/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6577252 Report a problem | ||
| 8/29/2024 | Pending sale | $269,000$141/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6577252 Report a problem | ||
| 8/9/2024 | Listed for sale | $269,000+389.1%$141/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6577252 Report a problem | ||
| 5/6/2018 | Listing removed | $925 |
Source: Midwest Realty Services Report a problem | ||
| 3/3/2018 | Listed for rent | $925 |
Source: Midwest Realty Services Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,930 -47.1% | $212,200 +2.8% |
| 2024 | $3,646 +2.2% | $206,500 -4.9% |
| 2023 | $3,566 +59.5% | $217,100 +9.5% |
Find assessor info on the county website
Neighborhood: 55362
Nearby schools
GreatSchools rating
- 9/10Pinewood Elementary SchoolGrades: 1-5Distance: 1 mi
- 6/10Monticello Middle SchoolGrades: 6-8Distance: 0.4 mi
- 9/10Monticello Senior High SchoolGrades: 9-12Distance: 1.3 mi
Get a cash offer in 3 minutes
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Estimated market value
$282,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$282,500
- Minnesota
- Wright County
- Monticello
- 55362
- 331 E 3rd St