Rare opportunity to own Multi Family Investment Property In Carlton MN! Located in the heart of Carlton, MN this Leased Fourplex offers a fantastic opportunity for investors looking to generate $42k+/yr in rental income. With it being well over the 1% rule, this property offers great cash flow potential and is perfect for both seasoned and first-time investors.
Sold for $287,000 on 01/15/25
$287,000
208 Chestnut Ave, Carlton, MN 55718
5beds
4baths
2,320sqft
Condominium
Built in 1920
-- sqft lot
$292,200 Zestimate®
$124/sqft
$1,538 Estimated rent
Home value
$292,200
Estimated sales range
Not available
$1,538/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: May 05, 2025 at 04:56pm
Listed by:
Kaylee Bergstrom 218-750-4362,
Heirloom Realty, LLC,
Neal Jacobi 715-892-6325,
Heirloom Realty, LLC
Bought with:
Amy Spampinato, MN 40284359|WI 76307-94
RE/MAX Professionals - Duluth
Source: Lake Superior Area Realtors,MLS#: 6116532
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
Heating
- Natural Gas, Electric
Appliances
- Included: Range, Refrigerator
- Laundry: Common Area, Main Level
Features
- Basement: N/A
Interior area
- Total interior livable area: 2,320 sqft
- Finished area above ground: 2,320
- Finished area below ground: 0
Property
Parking
- Parking features: None, None
Lot
- Size: 1,306 sqft
- Dimensions: 56 x 25
Details
- Foundation area: 1400
- Parcel number: 150101080
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
Materials
- Metal, Frame/Wood
Condition
- Year built: 1920
Utilities & green energy
- Electric: Minnesota Power
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Carlton
Price history
| Date | Event | Price |
|---|---|---|
| 1/15/2025 | Sold | $287,000-2.7%$124/sqft |
Source:  Lake Superior Area Realtors #6116532 | ||
| 12/23/2024 | Pending sale | $295,000$127/sqft |
Source: Lake Superior Area Realtors #6116532 | ||
| 12/12/2024 | Contingent | $295,000$127/sqft |
Source: Lake Superior Area Realtors #6116532 | ||
| 10/10/2024 | Listed for sale | $295,000+20.4%$127/sqft |
Source: Lake Superior Area Realtors #6116532 | ||
| 5/31/2022 | Sold | $245,000+4.3%$106/sqft |
Source: Lake Superior Area Realtors #6102157 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 55718
Nearby schools
GreatSchools rating
- 2/10South Terrace Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 5/10Carlton SecondaryGrades: 6-12Distance: 0.2 mi
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Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$292,200
2% more+ $5,844
With Zillow Showcase(estimated)
$298,044