204 Lake Avenue E, Hill City, MN 55748

Local realty services provided by:Better Homes and Gardens Real Estate First Choice
204 Lake Avenue E,Hill City, MN 55748
$365,000
  • - Beds
  • - Baths
  • 4,096 sq. ft.
  • Multi-family
  • Active
Listed by:david liedl
Office:woods to water real estate
MLS#:6786681
Source:NSMLS

Price summary

  • Price:$365,000
  • Price per sq. ft.:$59.41

About this home

Seize this rare opportunity to own a fully occupied 4-plex in Hill City, MN, delivering $33,133 in current annual gross rental income with immediate upside potential. Priced at $365,000, this turnkey property offers a blend of stability, recent updates, and future income growth for savvy investors. Each spacious unit features 2 bedrooms and 1 bath (one unit includes 2 baths), averaging 1,000 sq ft per unit. With long-term tenants in place and one unit currently renting at $600 while others achieve up to $900, there is built-in opportunity for rent increases to boost returns. Key updates provide peace of mind for investors: All units feature new water heaters New water softener serving all units Fresh paint, carpet, and flooring in Units 1 & 3 Updated electrical in Units 1 & 3 Every unit equipped with a washer & dryer hook up Tenants pay their own electric, cable, and internet, while the landlord covers city water/sewer, lawn care, snow removal, garbage, exterior maintenance,

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Home facts

  • Year built:1985
  • Listing ID #:6786681
  • Added:17 day(s) ago
  • Updated:September 29, 2025 at 01:43 PM

Rooms and interior

  • Living area:4,096 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Age Over 8 Years, Asphalt
  • Year built:1985
  • Building area:4,096 sq. ft.
  • Lot area:0.56 Acres

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$365,000
  • Price per sq. ft.:$59.41
  • Tax amount:$2,868 (2025)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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