209 S Minnesota ST, New Ulm, MN 56073 – 6820873 - Luke Chase

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Luke Chase

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

$460,000

Est. payment - /mo

8,276 Sqft Lot

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UPDATED:

Key Details

Property Type Condo, Commercial

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision South Of Center

MLS Listing ID 6820873

Year Built 1947

Annual Tax Amount $6,054

Tax Year 2025

Contingent None

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 50x165

Property Sub-Type Apartment

Property Description

Excellent investment opportunity in downtown New Ulm. This 12-unit apartment building offers both immediate income and strong value-add potential. Six units are currently leased, providing in-place revenue.
Of the remaining six units, three need only minor updates to become rent-ready, one unit has been fully gutted and is ready for a complete build-out, and two require more extensive repairs. Located in a convenient downtown setting close to amenities, this property offers long-term rental demand and solid upside for an investor ready to complete the renovations.
Priced to reflect the work needed, this property is an ideal value-add opportunity.

Location

State MN

County Brown

Zoning Business/Commercial

Rooms

Basement Partial, Unfinished

Interior

Heating Baseboard, Hot Water, Other, Radiator(s), Steam

Cooling Wall Unit(s), Window Unit(s)

Inclusions Building, Leases

Fireplace No

Appliance Range, Refrigerator

Exterior

Parking Features On-Street Parking Only, Unassigned

Utilities Available Electric Separate, Heating Common, Hot Water Separate

Roof Type Age Over 8 Years,Flat

Present Use Residential

Building

Story Two

Foundation 4750

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone

Schools

School District New Ulm

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Listed by Sofia Engel • Keller Williams Premier Realty

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209 S Minnesota ST New Ulm, MN 56073