$200,000
International Falls, MN 56649
MLS# 7041697
11 beds | 6 baths
1 / 90
Property Description
Strong income-producing opportunity featuring a 4-unit multifamily building plus a separate 3-bedroom, 1.5-bath single-family home—all being sold together. With 4 of the 5 total units currently rented and vacant unit #1 undergoing renovations, this property offers immediate cash flow with additional upside upon completion. Originally a church with a pastor’s residence, the main building was converted into four rental units while still showcasing unique architectural character. The unfinished third level with vaulted ceilings provides excellent potential for additional unit(s), expanded living space, or increased rental income. The accompanying single-family home adds flexibility for owner-occupancy, additional rental revenue, or on-site management. Ideal for investors or house hackers looking to expand their portfolio with a versatile multi-unit property offering multiple income streams, value-add potential, and long-term growth. Owner is a licensed real estate agent in the state of Minnesota.
Details
Maps
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Current Price: $200,000
Contingency: None
ListPrice: 200000
List Date: 2026-03-24
Office/Member Info
Association: GLAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 5
Owner Occupied: No
Waterfront Present: No
Year Built: 1910
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 75x140
Acres: 0.23
Foundation Size: 2368
Garage Stalls: 3
For Sale or Lease: For Sale
Bedrooms: 11
Baths Total: 6
Location, Tax and Other Information
Legal Description: LOTS 13-15 BLK 31
Listing City: International Falls
Map Page: 999
Municipality: International Falls
School District: International Falls
School District Phone: 218-283-2571
Zip Plus 4: 8491
Property ID Number: 9200631130
Tax Year: 2025
Tax Amount: 1258
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Strong income-producing opportunity featuring a 4-unit multifamily building plus a separate 3-bedroom, 1.5-bath single-family home—all being sold together. With 4 of the 5 total units currently rented and vacant unit #1 undergoing renovations, this property offers immediate cash flow with additional upside upon completion. Originally a church with a pastor’s residence, the main building was converted into four rental units while still showcasing unique architectural character. The unfinished third level with vaulted ceilings provides excellent potential for additional unit(s), expanded living space, or increased rental income. The accompanying single-family home adds flexibility for owner-occupancy, additional rental revenue, or on-site management. Ideal for investors or house hackers looking to expand their portfolio with a versatile multi-unit property offering multiple income streams, value-add potential, and long-term growth. Owner is a licensed real estate agent in the state of Minnesota.
Directions: From downtown International Falls, head east on 3rd Street (US-71) for approximately 0.5 miles. Turn left (north) onto 7th Avenue and continue for about 0.2 miles. The property at 516 7th Ave will be on your left-hand side.
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 1328
Building Information
Building Finished SqFt: 4530
Construction Status
Previously Owned: 1
Exterior
Wood: 1
Foundation
8 ft+ Pour: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 34
Township#: 71
Rental License Type
Standard: 1
Roof
Asphalt Shingles: 1
Metal: 1
Sale Options
Sale Includes: Building, Land, Leases
Sewer
City Sewer/Connected: 1
Unit 1
Leased?: No
Level: Main Level
Unit Number: #1
Monthly Rent: 550
Full Baths: 1
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 5
Unit Total SqFt: 876
No. of 1 Bedroom Units: 1
Unit Details
Total Units: 5
Water
City Water/Connected: 1
Unit 2
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: 2nd Level
No. of 2 Bedroom Units: 2
Unit Number: #2
Full Baths: 1
Monthly Rent: 650
Total Bathrooms: 1
Total Bedrooms: 2
Total Rooms: 5
Unit Total SqFt: 876
Unit 3
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: 2nd Level
No. of 3 Bedroom Units: 2
Unit Number: #3
Full Baths: 1
Monthly Rent: 675
Total Bathrooms: 1
Total Bedrooms: 3
Total Rooms: 6
Unit Total SqFt: 876
Unit 4
Lease Expiration Date: 2026-12-31
Leased?: Yes
Level: Below Ground
Unit Number: #4
Full Baths: 1
Monthly Rent: 520
Total Bathrooms: 1
Total Bedrooms: 1
Total Rooms: 4
Unit Total SqFt: 876
Unit 5
Lease Expiration Date: 2026-12-31
Leased?: Yes
Unit Number: 516 Singl
Full Baths: 1
Half Baths: 1
Monthly Rent: 750
Total Bathrooms: 2
Total Bedrooms: 3
On Site Utilities
Electric Separate: 1
CMU Style
Apartments/Multi Family: 1
Single Occupancy: 1
Current Use
Residential: 1
Loan Terms
Cash: 1
Conventional: 1
Potential Use
Income: 1
Location Tax and Other Information
House Number: 516
Street Name: 7th
Street Suffix: Avenue
Postal City: International Falls
County: Koochiching
State: MN
Zip Code: 56649
Complex/Dev/Subdivision: International Falls
Property Features
Accessible: None
CMU Style: Apartments/Multi Family; Single Occupancy
Construction Status: Previously Owned
Current Use: Residential
Exterior: Wood
Foundation: 8 ft+ Pour
Fuel: Natural Gas
Heating: Boiler; Forced Air
Loan Terms: Cash; Conventional
On Site Utilities: Electric Separate
Potential Use: Income
Rental License Type: Standard
Roof: Asphalt Shingles; Metal
Sewer: City Sewer/Connected
Water: City Water/Connected
Listing Office: eXp Realty
Last Updated: March - 30 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.