Listing Agency: Stone Arch Funding LLC

Listed By: Randy Kempenich · License #MN 669580

Source: Crexi

Added: Apr 12 Changed: Sep 5 Last Checked: Aug 29 at 8:15AM

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Investment Insights

Based on property information with market context.

A planned 45-unit triplex community consisting of 15 rental triplexes. Each triplex includes three units and features a 3-car garage with three parking spaces behind the garage stalls. Plans call for handicap accessible main level living with a private deck, along with lower level space that includes a walkout or walk-up to a private patio. Each triplex also includes a one-bedroom unit over the garage.

The community’s lots back up to Wallmark Lake Wetlands for nature views and privacy. The property is located in Chisago City, MN, within the Chisago Lakes Area, described as offering seven recreational lakes within 30 minutes of the Twin Cities. The location is also noted as next to the Swedish Immigrant Trail and within about 35 minutes of the Twin Cities, with 125+ businesses within 1 mile.

According to the project history, Nature View Homes received final plat approval in early 2020 for 15 single family home lots, and later changed the plan to 15 rental triplexes. The offering also references 15 separate PIDs to support financing and exit flexibility, and includes requests to review rent studies through the seller’s materials.

Key Highlights

• Planned 45‑unit triplex community in Chisago City, MN, originally approved in early 2020 as 15 single‑family lots
• Each triplex includes three units, a 3‑car garage, and 3 parking spaces behind the garage stall
• Triplex lots back up to Wallmark Lake Wetlands for nature views and privacy

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

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

45

Residential units

Location Intelligence

Trade Area within ½ mile

224

Businesses Nearby

Explore this area Business Placement

Demographics for 55013, MN

6,985

Population

3,077

Households

2.3

Avg Household Size

44

Median Age

29%

College-Educated

96%

High-School Grad

27.6 sq mi

ZIP Area

253

Density / Sq Mi

$99,898

Median Household Income

$49,879

Median Earnings

$1,156

Median Rent

$366,000

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Triplex - Planned 45-unit triplex community with private decks, garages, and units backing Wallmark Lake Wetlands.

Where is this triplex located?

The property is located at 113xx North Ave Chisago City, MN.

What are key features of this property?

This property features: Planned 45‑unit triplex community in Chisago City, MN, originally approved in early 2020 as 15 single‑family lots; Each triplex includes three units, a 3‑car garage, and 3 parking spaces behind the garage stall; Triplex lots back up to Wallmark Lake Wetlands for nature views and privacy