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  • $404,900

    196 Main St W, Elysian, MN 56028

    4beds
    4,135sqft
    : 
    $2,624/mo
    Get pre-qualified
    Multi Family
    Built in ----
    -- sqft lot
    $388,000 Zestimate®
    $98/sqft
    $-- HOA

    What's special

    Generous ceiling heightIn-unit laundryPrivate main street entranceTwo spacious outbuildingsSuperior style kitchenPrivate parking
    Excellent opportunity to own a versatile investment property situated along quaint Main Street in Downtown Elysian. This uniqueproperty offers the potential for several income-producing options, including a commercial space, two residential rental units, a shed/shop building and asmaller scale barn. The upper level (Unit A) of the main structure features a beautiful 2-bedroom, 1-bath apartment complete with in-unit laundry andprivate parking. Unit C has been fully renovated into an attractive office space complete with a half bath, laundry hookups, and its own private MainStreet entrance. Unit B is a executively polished 2-bedroom, 1.5-bath main level apartment. It boasts generous ceiling height, a large spacious livingarea and superior style kitchen. Additional highlights contain two spacious outbuildings, including a 20x48 metal building (with power and heat) and an18x35 barn with cold storage. This is not your average income generating property! Pairing all the charm and character that it offers with the fact that ithas been well maintained, you are sure to be proud to make it yours!
    9 days
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    264
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    9
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    Zillow last checked:

    Listing updated:

    Listed by:

    MICHELLE STARKEY,

    True Real Estate

    Source: RASM,MLS#: 267041166MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      • Main level bedrooms: 2
      Heating
      • Forced Air, Natural Gas
      Appliances
      • Included: Electric Water Heater
      Features
      • Has fireplace: No
      Interior area
      • Total structure area: 4,135
      • Total interior livable area: 4,135 sqft
      • Finished area above ground: 4,135
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Detached
      • Has garage: Yes
      Features
      • Levels: Two
      • Stories: 2
      Lot
      • Size: 0.5 Acres
      • Dimensions: 22,000 sq ft
      Details
      • Foundation area: 2535
      • Parcel number: 164100730

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Frame/Wood, Brick
      • Foundation: Slab
      Condition
      • Previously Owned
      • New construction: No

      Utilities & green energy

      • Sewer: City
      • Water: Public

      Community & HOA

      Location
      • Region: Elysian

      Financial & listing details

      • Price per square foot: $98/sqft
      • Tax assessed value: $195,500
      • Annual tax amount: $3,572
      • Date on market: 8/11/2026
      • Total actual rent: 3965

        Estimated market value

        $388,000

        $369,000 - $407,000

        $2,180/mo

        Price history

        DateEventPrice
        8/11/2026Listed for sale$404,900+153.1%$98/sqft
        Source: RASM #267041166 Report a problem
        12/2/2019Sold$160,000+10.3%$39/sqft
        Source: Public Record Report a problem
        3/17/2011Sold$145,000$35/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,282 +6.1%$195,500 +6.1%
        2024$3,092 +0.1%$184,200 +1.5%
        2023$3,088 -3%$181,400 +2.1%
        2022$3,184 +16.1%$177,600 +0.2%
        2021$2,742 -0.4%$177,200 +24.4%
        2020$2,752 +2.2%$142,500
        2019$2,692 -2.7%$142,500
        2018$2,767 +13.8%$142,500
        2017$2,432 +1.1%$142,500 +25.3%
        2016$2,406 -32.8%$113,700 -17.2%
        2015$3,580 +6.6%$137,400
        2014$3,358 +6.8%$137,400 +9.1%
        2013$3,144 $125,900
        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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 56028

        Getting around

        31 / 100
        Car-Dependent
        54 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Waterville-Elysian-Morristown #2143

        Source: RASM. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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