Login

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,...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an independent agent affiliated with the CENTURY 21®  brand to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an independent agent affiliated with the CENTURY 21®  brand is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1985
  • Listing ID #:6786681
  • Added:174 day(s) ago
  • Updated:March 14, 2026 at 06:37 AM

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

New listings near 204 Lake Avenue E