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Closed
  • $280,000

    108 Cleveland Ave W, Underwood, MN 56586

    8beds
    4baths
    3,456sqft
    Quadruplex
    Built in 1976
    -- sqft lot
    $282,500 Zestimate®
    $81/sqft
    $982 Estimated rent

    What's special

    This well-maintained investment property offers strong cash flow, minimal upkeep, and a proven rental history. A fantastic opportunity for first-time investors or a valuable addition to any portfolio, the building features four fully occupied 2-bedroom, 1-bath apartments. Each unit includes a dedicated garage, with tenants covering electricity costs—including heat—for added efficiency. Additional amenities include a shared coin-operated laundry and expansive grounds for tenant enjoyment. Ideally situated just one block from an excellent school, this property provides quiet small-town living with easy access to city conveniences. A short drive connects residents to shopping, employment, and entertainment options, making this a highly desirable rental location.

    Zillow last checked: 7 hours ago

    Listing updated: July 14, 2025 at 10:26pm

    Listed by:

    Brian Tjaden 612-963-3810,

    Trilogy Real Estate

    Bought with:

    Ross Roragen

    Juve Real Estate

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6713002MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Baseboard
    Features
    • Basement: Daylight
    Interior area
    • Total structure area: 3,456
    • Total interior livable area: 3,456 sqft
    • Finished area above ground: 1,728
    • Finished area below ground: 1,728

    Property

    Parking
    • Total spaces: 4
    • Parking features: Detached
    • Garage spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Multi/Split
    Lot
    • Size: 0.52 Acres
    • Dimensions: 50 x 150
    Details
    • Foundation area: 1728
    • Parcel number: 80000990085000
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Vinyl Siding
    • Roof: Asphalt
    Condition
    • Age of Property: 49
    • New construction: No
    • Year built: 1976

    Utilities & green energy

    • Gas: Electric
    • Sewer: City Sewer/Connected
    • Water: City Water/Connected

    Community & neighborhood

    Location
    • Region: Underwood
    • Subdivision: Underwood
    Services availability