This home's estimate is 37.5% lower than the average sale price ($569K) of 6 comparable homes.
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150 2nd Ave SW, Elgin, MN 55932
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About this home
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!
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Market trends in 55932, MN
Last updated September 2026
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Sale and tax history for 150 2nd Ave SW
- Sale History
- Tax History
Public record
Property details
Parking
- Parking Information
- Parking Features: Gravel, Parking Lot
Interior
- Virtual Tour
- Bedroom Information
- # of Bedrooms: 8
- Laundry Room Information
- Laundry Features: Laundry Room
- Basement Information
- Has Basement
- Basement Features: Block, Walkout
- Heating & Cooling
- Heating Information: Baseboard, Boiler
Exterior
- Building Information
- Foundation Area: 1,776
- Roof: Age 8 Years or Less
- Exterior Features
- Exterior Features: Vinyl
- Property Information
- Above Ground Total Sq. Ft.: 1,776
- Below Ground Total Sq. Ft.: 1,776
- FractionalOwnershipYN: No
- Owner Occupied: Yes
- Property Type: Residential Income
- Above Grade Finished Area: 1,776
- Below Grade Finished Area: 1,776
- Lot Information
- Lot Features: Tree Coverage - Light
- Lot Size Area: 0.282
- Lot Size Units: Acres
- Lot Size Dimensions: 82x150
Financial
- Tax Information
- Tax Annual Amount: $5,186
- Tax Year: 2026
- Tax With Assessments: $5,186
- Lease / Rent Details
- Tenant Pays: Cable TV, Electricity, Telephone
Utilities
- Utility Information
- Water Source: City Water/Connected
- Sewer: City Sewer/Connected
- Fuel: Natural Gas
Location
- Multi-Family Financial Information
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Fuel, Grounds Care, Heat, HVAC Maintenance, Insurance, Repairs, Sewer, Snow Removal, Water
- Fuel Expense: $1,644
- Water Sewer Expense: $1,354
- Trash Expense: $1,396.08
- Multi-Unit Information
- # of Units (Total): 4
- Unit Type 1 Information
- Sq. Ft.: 888
- # of Rooms Total: 4
- # of Bedrooms: 2
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Microwave, Range, Refrigerator
- # of Units: 1
- Unit Type 2 Information
- Sq. Ft.: 888
- # of Rooms Total: 4
- # of Bedrooms: 2
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Range, Refrigerator
- Cooling System: Wall
- Amenities: Kitchen Window
- # of Units: 1
- Unit Type 3 Information
- Sq. Ft.: 888
- # of Rooms Total: 4
- # of Bedrooms: 2
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Range, Refrigerator
- Cooling System: Wall
- Amenities: Kitchen Window
- # of Units: 1
- Unit Type 4 Information
- Sq. Ft.: 888
- # of Rooms Total: 4
- # of Bedrooms: 2
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Range, Refrigerator
- Cooling System: Wall
- # of Units: 1
- HOA Information
- Association Amenities: Coin-op Laundry Owned, Deck
- School Information
- High School District: Plainview-Elgin-Millville
- School District Number: 2899
- School District Phone: 5075343651
- Location Information
- Directions: Take Hwy 42 into Elgin, turn West on 1st St SE, go 4 blocks turn left on 2nd Ave SW, property down on the left.
- Map Coordinate: 999-A1
Public facts
- Beds: 8
- Baths: 4.0
- Sq. Ft.: 1,776
- Stories: 1.0
- Lot Size: 0.28 acres
- Style: Other
- Year Built: 1979
- Year Renovated: 2005
- County: Wabasha County
- APN: R19.00253.00
Other
- Home Information
- Living Area: 3552
- Living Area Units: Square Feet
- Main Level Finished Area: 1776
- Building Area Total: 3552
- Foundation Details: Block
- Foundation Dimensions: common
- Levels: Split Entry (Bi-Level)
Around this home
Schools
Public 4-6 • Assigned • 0.1mi
Public 7-8 • Assigned • 0.3mi
Public 9-12 • Assigned • 4.8mi
Climate risks
Minimal risk of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 99° expected this year, 15 days in 30 years
Minor risk of severe winds over next 30 years
1 unhealthy days expected this year, 1 days in 30 years
Sun exposure
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Nearby similar homes
New listings for sale in 55932
Home values near 150 2nd Ave SW
| Address | Redfin Estimate |
|---|---|
2 Beds | 1 Baths | 816 Sq. Ft. | $94,351 |
2 Beds | 2 Baths | 1662 Sq. Ft. | — |
| Address | Redfin Estimate |
|---|---|
2 Beds | 2 Baths | 988 Sq. Ft. | $225,022 |
3 Beds | 2 Baths | 1406 Sq. Ft. | $286,109 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 2 Baths | 1288 Sq. Ft. | $245,171 |
4 Beds | 2 Baths | 1588 Sq. Ft. | $269,590 |
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