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204 Lake Avenue E, Hill City, MN 55748

Hill City
Local realty services provided by:CENTURY 21 FM Realty
204 Lake Avenue E,Hill City, MN 55748
$344,900
  • 8 Beds
  • 5 Baths
  • 6,144 sq. ft.
  • Multi-family
  • Active
Listed by: david liedl
Office: woods to water real estate
MLS#:6786681
Source:ND_FMAAR

Price summary

  • Price:$344,900
  • Price per sq. ft.:$56.14

About this home

Seize this rare opportunity to own a fully occupied 4-plex in Hill City, MN, delivering $33,133 in current annual gross rental income with immediate upside potential. Priced at $365,000, this turnkey property offers a blend of stability, recent updates, and future income growth for savvy investors. Each spacious unit features 2 bedrooms and 1 bath (one unit includes 2 baths), averaging 1,000 sq ft per unit. With long-term tenants in place and one unit currently renting at $600 while others achieve up to $900, there is built-in opportunity for rent increases to boost returns. Key updates provide peace of mind for investors: All units feature new water heaters New water softener serving all units Fresh paint, carpet, and flooring in Units 1 & 3 Updated electrical in Units 1 & 3 Every unit equipped with a washer & dryer hook up Tenants pay their own electric, cable, and internet, while the landlord covers city water/sewer, lawn care, snow removal, garbage, exterior maintenance,...

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Home facts

  • Year built:1985
  • Listing ID #:6786681
  • Added:225 day(s) ago
  • Updated:May 03, 2026 at 02:59 PM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:5
  • Basement:Yes
  • Living area:6,144 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Year built:1985
  • Building area:6,144 sq. ft.
  • Lot area:0.56 Acres

Utilities

  • Water:City Water/Connected
  • Sewer:City Sewer/Connected

Finances and disclosures

  • Price:$344,900
  • Price per sq. ft.:$56.14
  • Tax amount:$2,868

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