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  • Price cut: $24K (6/1)
    $425,000

    12 Linney St, Babbitt, MN 55706

    8beds
    4baths
    1,730sqft
    : 
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    Fourplex
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $246/sqft
    $-- HOA

    What's special

    Cozy gas fireplaceDetached garagesFresh exterior paintShared laundry areaNewer windowsUpdated siding
    Outstanding multi-family opportunity in the heart of Babbitt! This well-maintained 4-plex offers the perfect setup for both investors and owner-occupants. Live comfortably in the spacious owner’s unit while rental income from the additional units and detached garages helps offset your monthly mortgage expenses, or maximize the property as a full income-producing investment. The property has seen numerous recent improvements, including new roofs on both buildings, updated siding, and fresh exterior paint, providing peace of mind for years to come. Tenants enjoy access to a shared laundry area, while the owner’s unit features private laundry and a cozy gas fireplace that adds warmth and character to the space. Additional upgrades include newer windows and other key updates throughout the property. Conveniently located near lakes, parks, snowmobile and ATV trails, and endless outdoor recreation, this property combines strong rental potential with a desirable northern Minnesota location. Whether you’re a first-time buyer looking to build equity while tenants contribute toward your housing costs or an investor searching for a solid addition to your portfolio, this property offers exceptional opportunity and long-term potential.
    103 days
    |
    173
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Chessica L Olson 763-257-5080,

    Anchor Realty

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7036812MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Forced Air, Fireplace(s)
      Appliances
      • Laundry: Lower Level, Main Level, Coin-op Laundry Owned
      Features
      • Basement: None
      Interior area
      • Total structure area: 1,730
      • Total interior livable area: 1,730 sqft
      • Finished area above ground: 3,460
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 12
      • Parking features: Garage
      • Garage spaces: 12
      Accessibility
      • Accessibility features: Other
      Features
      • Levels: Two
      • Patio & porch: Deck, Patio
      • Fencing: None
      Lot
      • Size: 1.1 Acres
      • Dimensions: 200 x 188
      • Features: Corner Lot
      Details
      • Foundation area: 1730
      • Parcel number: 105008000054
      • Zoning description: Residential-Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Fourplex
      Materials
      • Block, Concrete, Frame
      • Roof: Age 8 Years or Less,Asphalt
      Condition
      • New construction: No
      • Year built: 1977

      Utilities & green energy

      • Electric: 200+ Amp Service
      • Gas: Electric, Propane
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Babbitt Lands In The City
      HOA
      • Amenities included: Coin-op Laundry Owned, Deck
      Location
      • Region: Babbitt

      Financial & listing details

      • Price per square foot: $246/sqft
      • Tax assessed value: $224,100
      • Annual tax amount: $4,290
      • Date on market: 3/14/2026
      • Tenant pays: All Utilities

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,007/mo

        Price history

        DateEventPrice
        6/1/2026Price change$425,000-5.3%$246/sqft
        Source: Range AOR #149615 Report a problem
        3/14/2026Listed for sale$449,000+95.2%$260/sqft
        Source: Range AOR #149615 Report a problem
        4/1/2022Sold$230,000-7.6%$133/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6096273 Report a problem
        2/21/2022Contingent$249,000$144/sqft
        Source: Range AOR #142275 Report a problem
        12/22/2021Pending sale$249,000$144/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #6099477 Report a problem
        9/3/2021Listed for sale$249,000+53.2%$144/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #6099477 Report a problem
        8/2/2004Sold$162,500$94/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$3,644 +13.2%$224,100 +7.5%
        2023$3,220 +15.2%$208,400 +33.7%
        2022$2,794 -4.2%$155,900 +23.2%
        2021$2,918 $126,500 -5%
        2020$2,918 $133,200
        2019$2,918 +1%$133,200
        2018$2,890 +0.8%$133,200
        2017$2,866 -0.8%$133,200
        2016$2,890 +4.6%$133,200 -7.8%
        2015$2,764 +21.2%$144,400 +20.1%
        2014$2,280 +3.2%$120,200
        2013$2,209 +1.2%$120,200
        2012$2,184 +12.4%$120,200 -16.8%
        2011$1,943 +3%$144,400
        2010$1,886 $144,400
        2009$1,886 +38.4%$144,400 +12.1%
        2008$1,363 +27.9%$128,800 +15%
        2007$1,066 +45.5%$112,000 +20.3%
        2006$733 -6.6%$93,100 +11.1%
        2004$785 +10.6%$83,800 +5.5%
        2003$709 +17.4%$79,400 +10%
        2002$604 -14.9%$72,200 +0.8%
        2001$710 +0.4%$71,600 +8.5%
        2000$707 $66,000

        Find assessor info on the county website

        Monthly payment

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 55706

          Getting around

          21 / 100
          Car-Dependent
          39 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating

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