Active

$360,000

345 2nd Ave SW, Milaca, MN 56353

5beds

2baths

2,268sqft

Est.:

Duplex Up and Down

Built in 1920

-- sqft lot

$356,100 Zestimate^®

$159/sqft

$-- HOA

What's special

Updated fixturesNew lightingPainted cabinets

Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit, generating $3,000/month in rental income ($36,000 annually) with leases in place through 2026, providing immediate and stable income. Recent updates in both units include painted cabinets, updated fixtures, and new lighting. See supplements for more updates/details. Roof replaced in 2022. The property also features separately metered utilities and a detached 3-stall garage with a separate electric meter (2024), offering added income potential or flexibility for owner use. Tenants pay for gas, electricity, lawn care, and snow removal, which helps keep operating expenses low. This is a great fit for those seeking a reliable investment, a house-hack opportunity, or a multi-family property.

9 days

413

11

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2

Heating

Baseboard, Boiler, Hot Water, Radiator, Radiant

Appliances

Laundry: None

Features

Basement: Daylight,Full,Unfinished

Interior area

Total structure area: 2,268
Total interior livable area: 2,268 sqft
Finished area above ground: 2,076
Finished area below ground: 0

Property

Parking

Total spaces: 3
Parking features: Detached Garage, Asphalt, Garage Door Opener
Garage spaces: 3
Has uncovered spaces: Yes
Details: Garage Dimensions (7x16)

Accessibility

Accessibility features: None

Features

Levels: Two
Patio & porch: Porch

Lot

Size: 0.41 Acres
Dimensions: 122 x 148
Features: Corner Lot, Tree Coverage - Medium
Topography: Level,Sloped

Details

Foundation area: 1351
Parcel number: 210460070
Zoning description: Residential-Multi-Family,Residential-Single Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex Up and Down

Materials

Block, Concrete, Frame
Roof: Age 8 Years or Less,Asphalt

Condition

New construction: No
Year built: 1920

Utilities & green energy

Electric: Circuit Breakers, Fuses, Service - 60 Amp, 100 Amp Service
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Fifth Add To Milaca

HOA

Amenities included: None

Location

Region: Milaca

Financial & listing details

Price per square foot: $159/sqft
Tax assessed value: $269,600
Annual tax amount: $3,434
Date on market: 3/24/2026
Tenant pays: Electricity, Gas, Grounds Care, Snow Removal

Estimated market value

$356,100

$338,000 - $374,000

$2,165/mo

Price history

Date	Event	Price
3/24/2026	Listed for sale	$360,000+60%$159/sqft
Source: NorthstarMLS as distributed by MLS GRID #7036294 Report a problem
10/7/2022	Sold	$225,000$99/sqft
Source: NorthstarMLS as distributed by MLS GRID #6254210 Report a problem
9/13/2022	Pending sale	$225,000$99/sqft
Source: NorthstarMLS as distributed by MLS GRID #6254210 Report a problem
8/28/2022	Listed for sale	$225,000+246.2%$99/sqft
Source: NorthstarMLS as distributed by MLS GRID #6254210 Report a problem
5/20/2011	Sold	$65,000-7%$29/sqft
Source: Lake Superior Area Realtors as distributed by MLS GRID #1059725 Report a problem
4/16/2011	Price change	$69,900-12.5%$31/sqft
Source: foreclosure.com Report a problem
3/11/2011	Price change	$79,900-51.8%$35/sqft
Source: foreclosure.com Report a problem
3/9/2011	Listed for sale	--
Source: foreclosure.com Report a problem
8/24/2010	Sold	$165,640+10.5%$73/sqft
Source: Public Record Report a problem
5/26/2004	Sold	$149,900$66/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,146 +3.1%	$269,600 +12%
2024	$3,050 -1.2%	$240,700 +3.9%
2023	$3,086 -22.9%	$231,700 -1.7%
2022	$4,004 -3.1%	$235,600 +24.5%
2021	$4,130 -2.7%	$189,200 +0.6%
2020	$4,244 +11.8%	$188,100 +4.3%
2019	$3,796 +23.7%	$180,400 +11.6%
2018	$3,068 -0.3%	$161,700 +2.5%
2017	$3,076 +5%	$157,700
2016	$2,930 -11.6%	--
2015	$3,316	--
2014	$3,316	--
2013	--	--
2012	--	--
2011	--	--
2010	--	--