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!
Pending
$349,900
150 2nd Ave SW, Elgin, MN 55932
8beds
4baths
3,552sqft
Fourplex
Built in 1979
-- sqft lot
$-- Zestimate®
$99/sqft
$-- HOA
What's special
- 64 days |
- 21 |
- 0 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Donna Sylvester 507-272-9139,
RE/MAX Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7093939
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
- Cumulative days on market: 52 days
- Tenant pays: Broadband, Cable TV, Electricity, Telephone
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Pending sale | $349,900$99/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7093939 Report a problem | ||
| 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
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 55932
Nearby schools
GreatSchools rating
- 7/10Plainview-Elgin-Millville 4-6Grades: 4-6Distance: 0.1 mi
- 7/10Plainview-Elgin-Millville JuniorGrades: 7-8Distance: 0.3 mi
- 9/10Plainview-Elgin-Millville High SchoolGrades: 9-12Distance: 4.8 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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