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1040 Bush St, Red Wing, MN 55066
About this home
Great condition Triplex near downtown Red Wing with great cash flow potential. Fully leased building, off-street parking and 4 garage stalls. Each unit has range and refrigerator, washers and dryers owned by tenants. This great opportunity won't last long!
Redfin Estimate
Market trends in 55066, MN
Last updated August 2026
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Sale history for 1040 Bush St





If your interested in a nicely maintained, money making property-Look No Further, you have found it! This three unit property can be used as a mortgage reducing home for yourself or a cash flow machine to add to your portfolio. It's easy to rent, has garage space for each unit with additional off street parking behind home. It is close to downtown and transit system. A minimum of 24 hours notice is needed for showings. If your new to the rental market we can help. Hurry this one won't last long.
Tax history for 1040 Bush St
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Property details
Parking
- Parking Information
- Parking Features: Detached, Gravel
- Garage Spaces: 4
- Garage Sq. Ft.: 600
Interior
- Basement Information
- Basement Features: Daylight/Lookout Windows, Egress Window(s), Finished, Full, Walkout
- Heating & Cooling
- Heating Information: Forced Air, Radiant Floor
- Multi-Family Financial Information
- Owner Pays: Insurance, Taxes, Trash Collection, Water
- Water Sewer Expense: $3,600
- Electric Expense: $240
- Insurance Expense: $2,000
- Maintenance Expense: $1,000
- Other Expense: $500
- Gross Income: $33,900
- Multi-Unit Information
- # of Units (Total): 3
- Unit Type 1 Information
- Sq. Ft.: 1,088
- # of Rooms Total: 4
- Room Spec: Main Floor Bedroom
- # of Bedrooms: 2
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- # of Fireplaces: 1
- Appliances: Dishwasher, Furnace Humidifier, Range
- # of Units: 1
- Unit Type 2 Information
- Sq. Ft.: 1,088
- # of Rooms Total: 3
- # of Bedrooms: 1
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Microwave, Range
- # of Units: 1
- Unit Type 3 Information
- Sq. Ft.: 900
- # of Rooms Total: 3
- # of Bedrooms: 1
- # of Bathrooms: 1
- # of Full Bathrooms: 1
- Appliances: Range
- # of Units: 1
Exterior
- Building Information
- Construction Materials: Stucco, Wood Siding
- Foundation Area: 1,088
- Roof: Asphalt, Rubber
- Exterior Features
- Fencing: None
- Property Information
- FractionalOwnershipYN: No
- Owner Occupied: No
- Property Type: Residential Income
- Property Sub Type: Triplex
- Above Grade Finished Area: 2,148
- Below Grade Finished Area: 900
- Range Num: Three
- Lot Information
- Lot Size Area: 0.18
- Lot Size Units: Acres
- Lot Size Dimensions: 60x154
- Road Frontage Type: City Street
- Road Responsibility: Public Maintained Road
Financial
- Tax Information
- Tax Annual Amount: $3,086
- Tax Year: 2020
- Tax With Assessments: $3,086
- Lease / Rent Details
- RentalLicense Y/N: No
- Tenant Pays: Cable TV, Electricity, Fuel
- Financial Information
- Conventional
Utilities
- Utility Information
- Water Source: City Water/Connected
- Electric: Circuit Breakers, 200+ Amp Service
- Sewer: City Sewer/Connected
- Fuel: Natural Gas
Location
- School Information
- High School District: Red Wing
- School District Number: 256
- School District Phone: 651-385-4500
- Location Information
- Directions: Hwy 58 to Red Wing turns into Bush St home on the left. From Hwy 61 turn on Plum St, plum turns into Bush St
- Map Coordinate: 999-A1
Public facts
- Beds: 4
- Baths: 3.0
- Sq. Ft.: 2,960
- Stories: 1.0
- Lot Size: 7,671 square feet
- Style: Multi-Family (2-4 Unit)
- Year Built: 1947
- Year Renovated: 1947
- County: Goodhue County
- APN: 554500020
Other
- Home Information
- Living Area: 3048
- Main Level Finished Area: 1088.0000
- Building Area Total: 3276
- Levels: One and One Half
Around this home
Schools
Public K-1 • Assigned • 1.0mi
Public 5-7 • Assigned • 1.4mi
Public 8-12 • Assigned • 1.8mi
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
Estimated 80%+ chance of a flood reaching the building in the next 30 years
Unlikely to be in a wildfire in next 30 years
7 days above 100° expected this year, 15 days in 30 years
Minor risk of severe winds over next 30 years
0 unhealthy days expected this year, 0 days in 30 years
Sun exposure
In this area, properties receive around 10 hours in June and 3.6 hours in December, which is comparable to the U.S. average for solar exposure.
Sell confidently with a local market expert in Red Wing. 3 minutes to get started.
Nearby similar homes
New listings for sale in 55066
Home values near 1040 Bush St
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 2650 Sq. Ft. | $252,553 |
3 Beds | 4 Baths | - Sq. Ft. | $330,003 |
| Address | Redfin Estimate |
|---|---|
4 Beds | 2 Baths | 1338 Sq. Ft. | $178,491 |
5 Beds | 3 Baths | - Sq. Ft. | $200,822 |
| Address | Redfin Estimate |
|---|---|
3 Beds | 1 Baths | - Sq. Ft. | $185,119 |
3 Beds | 1 Baths | 1484 Sq. Ft. | $350,108 |
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