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Short-Term Rental Condominium
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1 North Lake Avenue, Duluth, MN 55805

Updated three-bedroom residence with heated garage, secure entry, and views toward Canal Park and Lake Superior.

Property Size2,126 SF
Price / SF$352.73
Days on Market76

Property Features for 1 North Lake Avenue

General Information

Standard status Active
Size 2,126 SF
Total Parking Spaces 1
Property subtype Mixed Use
Investment Type Owner/User

Units

Unit Mix 1 x 3BR/3BA
Multifamily Units 1

Amenities

walk-in closet
spa-inspired bathroom
walk-in steam shower
soaking tub
heated floors
gas fireplace
exposed brick
high-end appliances
laundry room
secure building access
private upper-level storage unit

Building Details

Year Built 1882
Units 2
Listing Agency: Remax Real Estate
Listed By: Jordan DeCaro · License #WI 79981-94
Source: Crexi
Added: Jun 17 Changed: Aug 29 Last Checked: Aug 29 at 3:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Real Estate

Investment Insights

Based on property information with market context.

This condominium combines historic construction dating to 1882 with contemporary interior improvements across 2,126 square feet. The residence includes three bedrooms and three baths, an open kitchen and living area, exposed brick, soaring ceilings, heated floors, a gas fireplace, and a laundry room with double prep counters and a utility sink. The primary suite adds a walk-in closet, mini split system, walk-in steam shower, and soaking tub. Kitchen equipment includes a Sub-Zero refrigerator, Wolf gas cooktop, and Wolf built-in oven and microwave.

The property is in downtown Duluth near Canal Park, the Lakewalk, Lake Superior, dining, and shopping. Interior views include the city, with partial outlooks toward Canal Park and the Aerial Lift Bridge. Additional features include a 1-car attached heated garage, secure building access, and a private upper-level storage unit. The condominium is currently operating as an Airbnb.

Key Highlights

  • 2,126‑square‑foot condominium with 3 bedrooms and 3 baths
  • Built in 1882 with exposed brick, soaring ceilings, heated floors, and a gas fireplace
  • Primary suite includes a walk‑in steam shower, soaking tub, walk‑in closet, and mini split system

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Nail Salon Storage Facility Auto Parts Store Garden Center Barber Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

4,712
Businesses Nearby

Demographics for 55805, MN

9,731
Population
5,430
Households
1.8
Avg Household Size
31
Median Age
37%
College-Educated
93%
High-School Grad
1.4 sq mi
ZIP Area
6,951
Density / Sq Mi
$43,077
Median Household Income
$26,309
Median Earnings
$984
Median Rent
$171,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Short term rental property - Updated three-bedroom residence with heated garage, secure entry, and views toward Canal Park and Lake Superior.
Where is this short term rental property located?
The property is located at 1 North Lake Avenue Duluth, MN.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 2,126‑square‑foot condominium with 3 bedrooms and 3 baths; Built in 1882 with exposed brick, soaring ceilings, heated floors, and a gas fireplace; Primary suite includes a walk‑in steam shower, soaking tub, walk‑in closet, and mini split system
More about this property
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