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    12-Unit Lakefront Apartment Building
    Updated: Oct 2
    12-Unit Lakefront Apartment Building

    127 Park Avenue SW, Silver Lake, MN 55381

    $1,200,000
    1.59 AC lot
    12 apartments: 10 one‑bedroom units and 2 two‑bedroom units
    Age‑restricted rental community for adults aged 50 and older
    Lakefront setting on a 1.59‑acre lot
    Built in 1984
    Coin‑operated laundry room and community room
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Silver Lake, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    8-Unit One-Level Apartment Community
    8-Unit One-Level Apartment Community

    11024-11038 183rd Cir NW, Elk River, MN 55330

    $2,400,000
    1,442 sqft

    A 55+ rental community completed in 2020, arranged near shopping and the Hwy 101/169 corridor.

    View details
    13-Unit Apartment Building with Solar
    13-Unit Apartment Building with Solar

    1900 Vincent Avenue N, Minneapolis, MN 55411

    $1,250,000
    0.41 AC lot

    Solar panels complement updated major building systems, including the roof, boiler, water heater, and windows.

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    55+ Community Investment Opportunity
    55+ Community Investment Opportunity

    11038 183rd Cir NW, Elk River, MN 55330

    Contact for pricing
    11,536 sqft

    Eight-unit, 55+ community built in 2020, great location.

    View details
    Richfield Multifamily Investment Opportunity
    Richfield Multifamily Investment Opportunity

    7427 Penn Ave S, Minneapolis, MN 55423

    Contact for pricing
    10,649 sqft

    21-unit apartment building in desirable Richfield submarket.

    View details

    Silver Lake, MN Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Silver Lake, MN on our real estate platform.

    Sale prices for two-family homes in Silver Lake, MN average $1,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 2,001
    Population Growth (5Y) -0.1%
    Median Household Income $87,011
    College Educated 18.2%

    Taxes & Financing

    Tax Rate (average for all types) 2.82%
    Property Tax per SF $17.86 per SF
    Tax Rate vs County Average 0.04 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in McLeod County

    New Delisted

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