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.
Active
Price cut: $24K (6/1)
$425,000
12 Linney St, Babbitt, MN 55706
8beds
4baths
1,730sqft
Fourplex
Built in 1977
-- sqft lot
$-- Zestimate®
$246/sqft
$-- HOA
What's special
Cozy gas fireplaceDetached garagesFresh exterior paintShared laundry areaNewer windowsUpdated siding
- 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#: 7036812
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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
| Date | Event | Price |
|---|---|---|
| 6/1/2026 | Price change | $425,000-5.3%$246/sqft |
Source: Range AOR #149615 Report a problem | ||
| 3/14/2026 | Listed for sale | $449,000+95.2%$260/sqft |
Source: Range AOR #149615 Report a problem | ||
| 4/1/2022 | Sold | $230,000-7.6%$133/sqft |
Source: | ||
| 2/21/2022 | Contingent | $249,000$144/sqft |
Source: Range AOR #142275 Report a problem | ||
| 12/22/2021 | Pending sale | $249,000$144/sqft |
Source: | ||
| 9/3/2021 | Listed for sale | $249,000+53.2%$144/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6099477 Report a problem | ||
| 8/2/2004 | Sold | $162,500$94/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $66,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 55706
Nearby schools
GreatSchools rating
- 5/10Babbitt Elementary SchoolGrades: PK-6Distance: 0.6 mi
- 6/10Northeast Range SecondaryGrades: 7-12Distance: 0.6 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Minnesota
- Saint Louis County
- Babbitt
- 55706
- 12 Linney St


