1220 N FRONT Street, Crookston, MN 56716 (MLS# 25-281)
$475,000
1220 N FRONT Street Crookston, MN 56716 MLS# 25-281 1 beds | 15 baths | 5184 sqft
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Property Description Investment Opportunity in Crookston, MN!
Park Apartments - a 15-unit multifamily complex offering strong occupancy and significant value-add potential.
Currently 93.3% occupied, with rents well below market - providing an excellent opportunity for immediate income growth.$28.9K+ in targeted renovations have been completed across select units in past 24 months. Boiler replaced in 2021.
Details
Documents
General Property Information
Realtor.COM Type: Multi-Family
Below Ground SQFT: 2592
Lot Size Dimensions: 220x300
Above Ground SQFT: 2592
Total Bedrooms: 1
Garage Type: None
Garage Stalls: 0
Lot SqFt: 66000
Waterfront: No
Property Subtype: Multi Family
Total SqFt.: 5184
Total Bathrooms: 15
Year Built: 1950
Location, Tax and Legal Information
Tax Year: 2024
Pend+Proposed Spec: 0
Taxes: 7436
Flood Plain: Contact Lender
Parcel Number: 820089700
Specials Amount: 0
Total Tax & Specials: $7,436
Specials Unpaid: 0
Legal: LOTS 1 TO 6 & VAC PT OF SHERMAN ST 80' X 300' BTN B & C SubdivisionName DAVIS ADD. Block 015 SubdivisionCd 82009
Miscellaneous
Laundry: Common Area
Off Street Parking: Ample
Levels
One and One Half: 1
Income
Gross Income: 59893
Laundry Income: $1,108
Gross Scheduled Income: $5,735
# Units: 15
Vacancy Percent: 6.7%
Heating
Gas Hot Water: 1
Inclusions
# Dryers: 1
# Ranges: 15
# Refrigerators: 15
# Washers: 1
Expenses
Tax and Specials Exp Information: $7,436.00
Electricity Expense Add'l Info: $2,253
Heat Expense Add'l Info: $4,473
Insurance Expense Add'l Info: 2439.85
Management Expense Add'l Info: $7,126
Water/Sewer Expense Add'l Info: $5,398
Schools
Grade Schools: Crookston
Middle Schools: Crookston
High Schools: Crookston
Showing Instructions
Showing Service: None
Contract Information
Status: Active
List Price: $475,000
Current Price: $475,000
Location Tax and Legal Information
Area: Small Town MN
House Number: 1220
Street Name: N FRONT
Street Suffix: Street
State/Province: MN
Country: USA
Postal Code: 56716
County: Polk
Zoning: A-1 Limited Development
Confidential Information
Begin Date: 2025-03-14
Property Features
Levels: One and One Half
Heating: Gas Hot Water
Supplements
Affordable Units with Upside: Efficiency/studio units with private entrances, and on-site coin laundry, with loads of parking and green space.
Prime Location: Conveniently located near local amenities, including grocery stores and shops, ensuring consistent tenant demand.
Lots of surrounding land for ample value add opportunities.
Contact us today to schedule a private tour and receive full financials.
Sellers Property Disclosure 
