Address
409 Meadow Drive, McGregor, MN
Price
$ 295,000
Property Attributes
- ID#7080759
- TypeMulti-Family
- Listing Status Active
- CountyAITKIN
- CityMcGregor
- Zip55760
- StyleFourplex
- Year Built1974
- Taxes$ 1374
- Price$ 295,000
- Bedrooms5
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage3500
- Lot Size2.43 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description
Check out this incredible investment opportunity in the heart of McGregor. This rare 4-plex offers incredible cash flow from day 1 along with value add possibilities offering incredible upside potential for the new owner. This is one you won't want to miss. Schedule your showing today! Listing agent is owner.
| Price History | |
|---|---|
| 5/26/2026 | Listed $305,000 |
| 7/20/2026 | 4$295,000 |
General Features
| Living Area | 3500 |
|---|---|
| Sewer | City Sewer/Connected |
| Heating | Baseboard,Forced Air |
| Year Built | 1974 |
| Electric | Circuit Breakers |
| Tenant Pays | Electricity |
| Levels | One |
| Property Subtype | Fourplex |
| Tax Year | 2026 |
| Gross Income | 45828 |
| OwnerPays | Gas,Grounds Care,Snow Removal,Trash Collection,Water |
| Accessibility | No Stairs External,No Stairs Internal |
| County | Aitkin |
| Net Operating Income | 33047 |
| Operating Expense | 12781 |
| Insurance Expense | 2243 |
| New Construction | No |
| Property Type | Residential Income |
| Contingency | None |
| MaintenanceExpense | 289 |
| Directions | From 210,enter town,then head north on 65. Property is almost immediately on your left,located between Fireside Inn and Crossroads Hotel. |
| City | McGregor |
| High School District | McGregor |
| Number Of Units Total | 4 |
| Lot Size Units | Acres |
| Land Lease Y/N | No |
| Tax Annual Amount | 1374 |
| Electric Expense | 4106 |
| Fuel Expense | 2300 |
| Trash Expense | 1909 |
| Water Sewer Expense | 1838 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Lender Owned | No |
| PostalCity | McGregor |
Interior Features
| Basement | None |
|---|---|
| Basement (Y/N) | No |
| Above Grade Finished Area | 3500 |
| Total Bedrooms | 5 |
| Total Baths | 4 |
| Fuel | Electric,Propane |
Exterior Features
| Water Source | City Water/Connected |
|---|---|
| Lot Size Area | 2.43 |
| Building Area Total | 3500 |
| Lot Dimensions | irregular |
| Waterfront Y/N | No |
| Foundation Area | 3500 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 55760
Price
Taxes
Year Built
Visits
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than eXp Realty in Minnesota are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
house) and detailed information about them includes the name of the listing brokers.
