Attention investors! Here’s your chance to purchase a home currently licensed as a short-term rental in the highly sought-after city of Two Harbors, a boutique community along the North Shore of Lake Superior. The location of this home allows it to continue to be a short-term rental without going against the city's cap on short-term rental licenses. Close to shopping and restaurants, one mile to Agate Bay beach, and one mile to Burlington Bay. This turnkey cutie can sleep 6 people- featuring 2 bedrooms with queen beds and a living room sofa that converts to a queen sleeping bed. It’s absolutely adorable, and it’s been updated from top to bottom: a new boiler furnace in 2023, newer plank flooring and carpet, an updated bathroom with tub/surround, sink, and toilet, and an updated kitchen. The foundation has been reinforced and has newer insulated skirting. All furnishings are included so you can literally start generating income right away. Excellent rental history, especially in the summer months when the tourist traffic along the north shore is really buzzing. This is a rare opportunity!
Sold for $201,000
$201,000
724 7th Ave, Two Harbors, MN 55616
2beds
850sqft
Single Family Residence
Built in 1903
3,484 Square Feet Lot
$217,700 Zestimate®
$236/sqft
$1,588 Estimated rent
Home value
$217,700
$207,000 - $229,000
$1,588/mo
Zestimate® history
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$975/mo
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List your homeWhat's special
Newer plank flooringClose to shoppingUpdated bathroomNew boiler furnaceNewer insulated skirtingQueen bedsUpdated kitchen
Zillow last checked:
Listing updated:
Listed by:
Alicia Lokke 218-590-0431,
Messina & Associates Real Estate
Bought with:
Leah Hollenbach, MN 40467370|WI 58695-90
RE/MAX Results
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6112275
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 1
Bedroom
- Level: Main
- Area: 96.8 Square Feet
- Dimensions: 8.8 x 11
Bedroom
- Level: Main
- Area: 160.46 Square Feet
- Dimensions: 11.3 x 14.2
Bathroom
- Level: Main
- Area: 41.39 Square Feet
- Dimensions: 5.11 x 8.1
Kitchen
- Level: Main
- Area: 165.06 Square Feet
- Dimensions: 12.6 x 13.1
Laundry
- Level: Main
- Area: 24.48 Square Feet
- Dimensions: 4.8 x 5.1
Living room
- Level: Main
- Area: 221.13 Square Feet
- Dimensions: 11.7 x 18.9
Heating
- Baseboard, Boiler, Hot Water, Natural Gas
Cooling
- None
Appliances
- Included: Dishwasher, Microwave, Range, Refrigerator
- Laundry: Main Level, Dryer Hook-Ups, Washer Hookup
Features
- Eat In Kitchen
- Windows: Vinyl Windows
- Basement: Posts
- Has fireplace: No
Interior area
- Total interior livable area: 850 sqft
- Finished area above ground: 850
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Off Street, None, Slab
- Has uncovered spaces: Yes
Features
- Patio & porch: Porch
- Has view: Yes
- View description: City Lights
Lot
- Size: 3,484 Square Feet
- Dimensions: 50 x 70
Details
- Parcel number: 23766134030
- Zoning description: Business/Commercial,Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl, Frame/Wood
- Roof: Asphalt Shingle
Condition
- Previously Owned
- Year built: 1903
Utilities & green energy
- Electric: Lake Country Power
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Two Harbors
Financial & listing details
- Price per square foot: $236/sqft
- Tax assessed value: $183,300
- Annual tax amount: $1,750
- Date on market: 2/15/2024
- Cumulative days on market: 22 days
- Listing terms: Cash,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2025 | Listing removed | $250,000+24.4%$294/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6103383 Report a problem | ||
| 4/11/2024 | Sold | $201,000-4.3%$236/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112275 Report a problem | ||
| 3/9/2024 | Pending sale | $210,000$247/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112275 Report a problem | ||
| 2/26/2024 | Price change | $210,000-4.5%$247/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112275 Report a problem | ||
| 2/15/2024 | Listed for sale | $220,000-12%$259/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6112275 Report a problem | ||
| 8/1/2022 | Listing removed | -- |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6103383 Report a problem | ||
| 7/15/2022 | Listed for sale | $250,000$294/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6103383 Report a problem | ||
| 6/26/2022 | Pending sale | $250,000$294/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6103383 Report a problem | ||
| 6/9/2022 | Listed for sale | $250,000+75.4%$294/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6103383 Report a problem | ||
| 12/30/2021 | Sold | $142,500-4.9%$168/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6100328 Report a problem | ||
| 11/18/2021 | Pending sale | $149,900$176/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6100328 Report a problem | ||
| 10/22/2021 | Listed for sale | $149,900+66.6%$176/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6100328 Report a problem | ||
| 8/29/2018 | Sold | $90,000$106/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,352 +17.1% | $183,300 +7.7% |
| 2024 | $2,008 +14.7% | $170,200 +14.2% |
| 2023 | $1,750 -12.1% | $149,100 +29.5% |
| 2022 | $1,991 +4.3% | $115,100 |
| 2021 | $1,909 +2.4% | $115,100 |
| 2020 | $1,863 +11.3% | $115,100 -1.5% |
| 2018 | $1,674 -5.8% | $116,900 +28% |
| 2017 | $1,777 -2.7% | $91,300 |
| 2016 | $1,826 +48.7% | $91,300 |
| 2015 | $1,228 | $91,300 |
| 2014 | $1,228 +7.9% | -- |
| 2013 | $1,138 | -- |
| 2011 | -- | -- |
| 2010 | $1,053 | -- |
Find assessor info on the county website
Neighborhood: 55616
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Nearby schools
GreatSchools rating
- 6/10Minnehaha Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 7/10Two Harbors SecondaryGrades: 6-12Distance: 1.7 mi
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- Minnesota
- Lake County
- Two Harbors
- 55616
- 724 7th Ave
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