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Four-Unit Multifamily Building
For Sale
$267,750

101 N Lincoln St, Lake Crystal, MN 56055

MULTI-FAMILY, 4-plex, Lake Crystal, MN

Property SizeContact for details
Lot Size0.18 Acres
Days on Market49

Property Features for 101 N Lincoln St

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Basement Partially Finished, Block
Lot features Paved Streets
Elementary school district Lake Crystal-Wellcome Mem. #2071
Middle school district Lake Crystal-Wellcome Mem. #2071
High school district Lake Crystal-Wellcome Mem. #2071
Subdivision LAKE CRYSTAL
Standard status Active
APN 09.12.05.132.015
Lot size 0.18 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description HUNTS ADD E66' OF LOT 4 & 005 004 000
Tax Annual Amount 4514
Legal Description HUNTS ADD E66' OF LOT 4 & 005 004 000

Utilities

Heating system Forced Air

Building Details

Year built 1900
Floors in Building 2
Number of units 4
Roof type Shingle
Architectural style Other
Listing Agency: RE/MAX DYNAMIC AGENTS · RE/MAX International
Listed By: Dennis Terrell · License #20370666
Added: Jul 20 Changed: Aug 24 Last Checked: Sep 6 at 9:06PM
MLS# 267040968

Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property in Lake Crystal occupies a 0.18-acre lot and was previously configured for four residential units. The building dates to 1900 and includes a basement, forced-air heating, and a shingle roof. Any current licensing or approval requirements should be confirmed with the city. The property is identified as a HUD home, with bidding and status information available through HUDhomestore.gov.

Key Highlights

  • Previously configured as a fourplex
  • 0.18‑acre lot in Lake Crystal, MN
  • 1900 construction

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick HVAC Service Auto Parts Store Plumbing Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Kitchen & Bath Showroom

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

4
Residential units

Location Intelligence

Trade Area within ½ mile

236
Businesses Nearby

Demographics for 56055, MN

3,916
Population
1,712
Households
2.3
Avg Household Size
41
Median Age
29%
College-Educated
97%
High-School Grad
118.2 sq mi
ZIP Area
33
Density / Sq Mi
$83,452
Median Household Income
$50,453
Median Earnings
$753
Median Rent
$218,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Quadplex - Former fourplex with basement space, forced-air heating, and shingle roofing.
Where is this quadplex located?
The property is located at 101 N Lincoln St Lake Crystal, MN.
What is the asking price?
The asking price for this property is $267,750.
What are key features of this property?
This property features: Previously configured as a fourplex; 0.18‑acre lot in Lake Crystal, MN; 1900 construction
More about this property
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