Closed

$58,500

601 N 1st Ave, Fergus Falls, MN 56537

2beds

1,057sqft

Single Family Residence

Built in 1920

0.29 Acres Lot

$122,400 Zestimate^®

$55/sqft

$1,149 Estimated rent

Home value

$122,400

$95,000 - $148,000

$1,149/mo

Zestimate^® history

Owner options

List your home for rent

$1,149/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

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$1,149/mo

Rent Zestimate^®

Refinance and save

$285/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

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$285/mo

Est. payment

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What's special

Looking for an opportunity to enter the realm of real estate investment or to expand your rental portfolio? This small residential unit offers potential for significant ROI for someone handy in the skills of maintenance and repair. A 2 bedroom, 1 bath, 1,000+SF home with tenant lease through November gives you immediate cash flow. With diligence, patience, and a strategic approach, investing in this low-cost property, priced below market value, can be the first step towards building a successful real estate portfolio. Home priced to sell in as-is condition.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
3/4 bathrooms: 1

Bedroom

Level: Main

Bedroom 2

Level: Upper

Bathroom

Level: Main

Kitchen

Level: Main

Living room

Level: Main

Heating

Forced Air

Cooling

Window Unit(s)

Appliances

Included: Dryer, Electric Water Heater, Range, Refrigerator
Laundry: In Kitchen

Features

Basement: Crawl Space
Has fireplace: No

Interior area

Total structure area: 1,057
Total interior livable area: 1,057 sqft
Finished area above ground: 1,057
Finished area below ground: 0

Property

Parking

Parking features: Gravel

Accessibility

Accessibility features: None

Features

Levels: One and One Half
Stories: 1

Lot

Size: 0.29 Acres
Dimensions: 77 x 157
Features: Tree Coverage - Medium

Details

Foundation area: 673
Parcel number: 71003500118000
Zoning description: Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Frame
Roof: Age Over 8 Years

Condition

New construction: No
Year built: 1920

Utilities & green energy

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

Community & neighborhood

Location

Region: Fergus Falls
Subdivision: Mclanes Add

HOA & financial

HOA

Has HOA: No

Price history

Date	Event	Price
11/2/2025	Listing removed	$1,150$1/sqft
Source: Zillow Rentals Report a problem
9/17/2025	Listed for rent	$1,150$1/sqft
Source: Zillow Rentals Report a problem
9/7/2024	Sold	$58,500-22%$55/sqft
Source: NorthstarMLS as distributed by MLS GRID #6521736 Report a problem
6/19/2024	Pending sale	$74,999$71/sqft
Source: NorthstarMLS as distributed by MLS GRID #6521736 Report a problem
5/28/2024	Listed for sale	$74,999$71/sqft
Source: NorthstarMLS as distributed by MLS GRID #6521736 Report a problem