This one-of-a-kind 4-plex is perfectly situated within the 1st block of the Detroit Lake City Beach and The Heartland State Trail, directly across the street from People’s Park and just up the street from Zorbaz, not to mention Kent Freeman Arena, The Becker County Fairgrounds, MN Flyers Gymnastics, and more — offering unbeatable convenience and appeal for tenants. Extensive renovations have been completed on multiple units in recent years, featuring modern appliances, updated flooring, kitchen remodels, bathroom updates, new lighting, and thoughtful insulation improvements. The property continues to benefit from strong rental performance and has established itself as a reliable source of income. The 5-bed/3-bath unit is fully furnished and turnkey for immediate occupancy. The 2-bed unit will be vacant and available at the end of the month. Whether you’re an investor looking for steady cash flow or someone seeking to live in a unique multi-family property with strong upside and increasing value in a high-demand area for future development, this is truly a standout opportunity.
Active
$950,000
1311 Summit Ave, Detroit Lakes, MN 56501
11beds
7baths
6,892sqft
Fourplex
Built in 1949
-- sqft lot
$873,400 Zestimate®
$138/sqft
$-- HOA
What's special
Updated flooringModern appliancesNew lightingKitchen remodelsBathroom updates
- 86 days |
- 292 |
- 11 |
Zillow last checked:
Listing updated:
Listed by:
Christopher Howard Nord 218-234-1357,
The Real Estate Company of Detroit Lakes
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7082979
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
Heating
- Baseboard, Forced Air, Fireplace(s)
Appliances
- Laundry: In Unit
Features
- Basement: Partial,Partially Finished
Interior area
- Total structure area: 7,284
- Total interior livable area: 6,892 sqft
- Finished area above ground: 5,892
- Finished area below ground: 1,000
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Concrete
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Deck, Other, Side Porch
- Fencing: Partial,Vinyl
Lot
- Size: 0.43 Acres
- Dimensions: 150 x 125
- Features: Tree Coverage - Medium
Details
- Foundation area: 3048
- Parcel number: 491535000
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Frame
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Electric: 200+ Amp Service, Power Company: City of Detroit Lakes
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Iversons Add
Location
- Region: Detroit Lakes
Financial & listing details
- Price per square foot: $138/sqft
- Tax assessed value: $683,400
- Annual tax amount: $8,584
- Date on market: 5/30/2026
Estimated market value
$873,400
$830,000 - $917,000
$1,180/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2026 | Listed for sale | $950,000+52%$138/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7082979 Report a problem | ||
| 4/26/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/29/2024 | Price change | $3,500-53.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/2/2024 | Sold | $625,000-3.8%$91/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6484643 Report a problem | ||
| 2/2/2024 | Listed for rent | $7,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/8/2020 | Sold | $650,000-13.2%$94/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6069511 Report a problem | ||
| 8/9/2020 | Price change | $749,000-11.9%$109/sqft |
Source: eXp Realty #20-28859 Report a problem | ||
| 6/15/2020 | Price change | $850,000-14.1%$123/sqft |
Source: FpG Realty #19-6994 Report a problem | ||
| 1/31/2020 | Price change | $989,000-10.1%$143/sqft |
Source: FpG Realty #19-6994 Report a problem | ||
| 12/12/2019 | Listed for sale | $1,100,000+204.7%$160/sqft |
Source: FpG Realty #19-6994 Report a problem | ||
| 6/16/2015 | Sold | $361,000$52/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,584 +2.1% | $683,400 -5.3% |
| 2024 | $8,404 -2.1% | $721,500 +3.6% |
| 2023 | $8,586 +0.5% | $696,600 +4.9% |
| 2022 | $8,546 -9.2% | $664,000 +8.5% |
| 2021 | $9,410 +38.7% | $611,800 -8.7% |
| 2020 | $6,784 +17.2% | $670,000 +42.1% |
| 2019 | $5,786 | $471,500 +23.2% |
| 2018 | $5,786 -17.8% | $382,700 -27.8% |
| 2017 | $7,036 +25.3% | $530,000 +34.2% |
| 2016 | $5,614 +17.9% | $394,800 +3.4% |
| 2015 | $4,762 +4.1% | $381,900 +3.3% |
| 2014 | $4,574 -2.6% | $369,600 |
| 2012 | $4,696 +10.1% | -- |
| 2011 | $4,264 +38.4% | -- |
| 2010 | $3,080 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 56501
Nearby schools
GreatSchools rating
- 6/10Rossman Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 5/10Detroit Lakes Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10Detroit Lakes Senior High SchoolGrades: 9-12Distance: 0.6 mi
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A local agent can set up tours, give advice and negotiate with sellers.
