MN > Milroy
Milroy, MN 56263,501 Euclid AVE
Milroy, MN 56263,501 Euclid AVE
Milroy, MN 56263,501 Euclid AVE
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$250,000
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501 Euclid AVE Milroy, MN 56263

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Condos Condos

Condos Condos

+1(612) 502-7653

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Key Details

Property Type Condo

Sub Type Apartment,Mixed Use,Low Rise

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6577677

Year Built 1902

Annual Tax Amount $2,018

Tax Year 2024

Contingent None

Lot Size 3,049 Sqft

Acres 0.07

Lot Dimensions 130x75

Property Sub-Type Apartment,Mixed Use,Low Rise

Property Description

Welcome to 501 Euclid Avenue! Discover a rare opportunity to own a unique multi-family property on the main street of Milroy, conveniently located across from the local gas station and fitness center. This property spans two parcels and features four rental units, including a stunning historic brick building—originally the city's bank—now transformed into a charming apartment complex with three distinct rental units.
Originally renovated starting in 2010, the building received a new foundation and a durable flat rubber membrane roof before being fully converted into rental spaces (roof has been recoated in 2023 - ready for years to come!). It includes a one-bedroom apartment, a two-bedroom apartment, and a studio-style unit, all designed with high ceilings, open living spaces, and preserved architectural details that exude historic charm. The apartment building is fully electric, powered by an updated geothermal system for efficient heating and cooling. Energy-efficient windows were custom-designed to maintain the building's original aesthetic while enhancing comfort.
Additionally, the property includes a completely renovated trailer home (2023), adding even more investment potential. The property has been well-loved and meticulously maintained. Whether you're looking for a strong investment opportunity or a piece of local history, this property is a must-see!

Location

State MN

County Redwood

Zoning Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Geothermal

Cooling Window Unit(s)

Inclusions Building, Leases

Fireplace No

Exterior

Parking Features On-Street Parking Only

Utilities Available Electric Common, Electric Separate, Heating Common, Hot Water Common

Roof Type Flat,Rubber

Present Use Residential

Building

Lot Description Corner Lot

Story Two

Foundation 1112

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone,Metal Siding

Schools

School District Milroy

Listed by Troy Deutz • Edina Realty, Inc.

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501 Euclid AVE

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