Opportunity knocks and whispers! Where to begin? How about the land itself; nearly 3 acres situated on Chicago Bay at the mouth of the Flute Reed River. This is the site of the first European settlers in Hovland. The hotel which used to house newly arrived immigrants and visitors still stands. In addition, there is a licensed vacation rental: the Chicago Bay Hideaway. Then, there is the 900 square foot garage with insulated space on the second level. The main home has 3 bedrooms, a full bath on each level, a three season porch overlooking the lake and river. The house needs wall coverings in the hallway and bedrooms. The home is built to high quality standards with in-floor heat, top of the line windows, water from the lake with UV, triple filtration and a circulating heat pump providing hot water on demand. The owner is installing a new septic tank Oct. 15. The parklike yard provides easy access to the shoreline with the possibility of launching a canoe or kayak on calm days.
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Market trends in 55604, MN
Last updated October 2026
Buyer's Market
Seller's Market
Seller's market
Sale-to-list price
97.5%
0.6% MoM
Median sale price
$487K
$29K MoM
Avg. days on market
40d
5 days MoM
Recently sold homes
24
3 MoM
Provided by Redfin
Sale history for 4766 Chicago Bay Rd
Date
Event
Price
LSAR as distributed by WIREX #6110397
Nov 3, 2023
Sold
$857,000
Sep 4, 2023
Listed
$924,900
Opportunity knocks, whispers and shouts. Where to begin? How about a shout out to the amazing land itself; nearly 3 acres situated on Chicago Bay at the mouth of the Flute Reed River. Then there is the comfortable home with beautiful views. In addition, there is a seasonal guest cabin currently operated as a vacation rental; the Chicago Bay Hideaway. Then there is the 900 square foot garage with insulated space on the second level. The main home has 3 bedrooms, a full bath on each level, a three season porch overlooking the lake and river which is warm enough to use on sunny winter days. The house needs wall coverings in the main floor bedroom and second level. The home is built to high quality standards with in-floor heat, top of the line windows, water from the lake with UV, triple filtration and a circulating heat pump providing hot water on demand. The owner is installing a new septic tank Oct. 15. The parklike yard provides easy access to the shoreline with the possibility of launching a canoe or kayak on calm days. Opportunity knocks for the next caretaker of this special place to determine the next stage of its life. Finally, history whispers the story of the first settler in Hovland, Ole Brunes, who chose this beautiful spot as a homestead and built a small log cabin. Louis and Nella Ellingson acquired it in 1902 and established the Ellingson Hotel which stills stands at the site. School children used to stay at the hotel during the week to attend school and walked home up to 10 miles on the weekends. Imagine the stories contained along the 262 feet of lakeshore and 400 feet of river frontage: Immigrants and visitors arriving to stay at the hotel, logs being shipped from the mouth of the river, fishing on the big lake, smelting on the river. .. .it goes on and on. See the supplements for photos and historical records.
NORTHSTARMLS as Distributed by MLS Grid #6428220
Nov 3, 2023
Sold
$857,000
Oct 23, 2023
Pending
—
Oct 11, 2023
Contingent
—
Sep 28, 2023
Price Changed
$924,900
Sep 4, 2023
Listed
$950,000
Year
Property tax
Land + Additions
Assessment*
2026
$8,092 (+4.7%)
$327,400 + $395,700
$723,100
2025
$7,726 (+43.3%)
$317,100 + $375,800
$692,900
2024
$5,392 (+60.3%)
$279,000 + $258,800
$537,800
2023
$3,364 (−0.4%)
$278,800 + $251,400
$530,200
2022
$3,378 (+0.8%)
$222,899 + $188,614
$411,513
2021
$3,350 (−0.8%)
$226,247 + $184,176
$410,423
2020
$3,376 (−4.4%)
$259,010 + $149,233
$408,243
2019
$3,532 (+25.1%)
$259,033 + $149,646
$408,679
2018
$2,824 (+9.2%)
$205,912 + $149,575
$355,487
2017
$2,586 (+21.2%)
$206,025 + $151,533
$357,558
2016
$2,134 (−13.5%)
$213,100 + $152,100
$365,200
2015
$2,468 (+8.3%)
$235,100 + $205,300
$440,400
2014
$2,278 (+32.0%)
$235,100 + $205,300
$440,400
2012
$1,726
$293,100 + $51,500
$344,600
Tax history for 4766 Chicago Bay Rd
Year
Property tax
Land + Additions
Assessment*
2026
$8,092 (+4.7%)
$327,400 + $395,700
$723,100
2025
$7,726 (+43.3%)
$317,100 + $375,800
$692,900
2024
$5,392 (+60.3%)
$279,000 + $258,800
$537,800
2023
$3,364 (−0.4%)
$278,800 + $251,400
$530,200
2022
$3,378 (+0.8%)
$222,899 + $188,614
$411,513
2021
$3,350 (−0.8%)
$226,247 + $184,176
$410,423
2020
$3,376 (−4.4%)
$259,010 + $149,233
$408,243
2019
$3,532 (+25.1%)
$259,033 + $149,646
$408,679
2018
$2,824 (+9.2%)
$205,912 + $149,575
$355,487
2017
$2,586 (+21.2%)
$206,025 + $151,533
$357,558
2016
$2,134 (−13.5%)
$213,100 + $152,100
$365,200
2015
$2,468 (+8.3%)
$235,100 + $205,300
$440,400
2014
$2,278 (+32.0%)
$235,100 + $205,300
$440,400
2012
$1,726
$293,100 + $51,500
$344,600
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.