108 Cleveland AVE W, Underwood, MN 56586 – 6713002 - Luke Chase

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Luke Chase

luke@ts-re.com +1(612) 418-9979

$275,000

Est. payment - /mo

3,456 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,456 sqft

Price per Sqft $79

Subdivision Underwood

MLS Listing ID 6713002

Year Built 1976

Annual Tax Amount $2,762

Tax Year 2025

Contingent None

Lot Size 0.520 Acres

Acres 0.52

Lot Dimensions 50x150

Property Sub-Type Quadruplex

Property Description

This well-maintained investment property offers strong cash flow, minimal upkeep, and a proven rental history. A fantastic opportunity for first-time investors or a valuable addition to any portfolio, the building features four fully occupied 2-bedroom, 1-bath apartments.
Each unit includes a dedicated garage, with tenants covering electricity costs—including heat—for added efficiency. Additional amenities include a shared coin-operated laundry and expansive grounds for tenant enjoyment.
Ideally situated just one block from an excellent school, this property provides quiet small-town living with easy access to city conveniences. A short drive connects residents to shopping, employment, and entertainment options, making this a highly desirable rental location.

Location

State MN

County Otter Tail

Zoning Residential-Multi-Family

Rooms

Basement Daylight/Lookout Windows

Interior

Heating Baseboard

Fireplace No

Exterior

Parking Features Detached

Garage Spaces 4.0

Roof Type Asphalt

Building

Story Split Entry (Bi-Level)

Foundation 1728

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Split Entry (Bi-Level)

Structure Type Vinyl Siding

New Construction false

Schools

School District Underwood

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Listed by Brian Tjaden • Trilogy Real Estate

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108 Cleveland AVE W Underwood, MN 56586