Active

$349,900

150 2nd Ave SW, Elgin, MN 55932

8beds

4baths

3,552sqft

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Fourplex

Built in 1979

-- sqft lot

$328,600 Zestimate^®

$99/sqft

$-- HOA

What's special

Excellent investment opportunity in Elgin! This well-maintained 4-plex features numerous updates, including a new roof in 2023 and updated windows, siding, and boiler in 2016. Additional improvements include a new coin-operated washer and dryer, providing added convenience and income potential. Tenants enjoy off-street parking, while owners will appreciate the storage shed for lawn equipment and additional storage needs. Situated on a desirable corner lot directly across from the school, park, and ball fields, this property offers a great location with easy access to nearby walking trails and community amenities. Water softener is rented through Culligan and located in the utility room. Strong rental appeal, major mechanical updates, and a prime location make this a fantastic addition to any investment portfolio!

9 days

583

26

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Baseboard, Boiler

Appliances

Laundry: Laundry Room, Coin-op Laundry Owned

Features

Basement: Block,Walk-Out Access

Interior area

Total structure area: 3,552
Total interior livable area: 3,552 sqft
Finished area above ground: 1,776
Finished area below ground: 1,776

Property

Parking

Parking features: Gravel, Parking Lot

Accessibility

Accessibility features: None

Features

Levels: Multi/Split

Lot

Size: 0.28 Acres
Dimensions: 82 x 150
Features: Tree Coverage - Light

Details

Foundation area: 1776
Parcel number: R190025300

Construction

Type & style

Home type: MultiFamily
Property subtype: Fourplex

Materials

Roof: Age 8 Years or Less

Condition

New construction: No
Year built: 1979

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Millers Add

HOA

Amenities included: Coin-op Laundry Owned, Deck

Location

Region: Elgin

Financial & listing details

Price per square foot: $99/sqft
Tax assessed value: $314,500
Annual tax amount: $5,186
Date on market: 6/16/2026
Tenant pays: Broadband, Cable TV, Electricity, Telephone

Estimated market value

$328,600

$286,000 - $368,000

$935/mo

Price history

Date	Event	Price
6/20/2026	Listed for sale	$349,900+83.9%$99/sqft
Source: NorthstarMLS as distributed by MLS GRID #7093939 Report a problem
10/31/2003	Sold	$190,300+81.2%$54/sqft
Source: Agent Provided Report a problem
5/8/1992	Sold	$105,000$30/sqft
Source: Agent Provided Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,926 +5.3%	$314,500 +6.9%
2024	$4,676 +3.5%	$294,300 +7.8%
2023	$4,516 +7.3%	$273,000 +19.9%
2022	$4,208 +22.7%	$227,700
2021	$3,430 -1.5%	$227,700 +24.1%
2020	$3,482 +7.5%	$183,500 -0.5%
2019	$3,238	$184,500 +10.9%
2018	$3,238 +3.3%	$166,300 +3.6%
2017	$3,134 -13%	$160,500
2016	$3,604	--
2015	$3,604 +3.3%	--
2012	$3,488	--
2011	--	--
2010	--	--

Find assessor info on the county website

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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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