12-Unit Lakefront Apartment
New
For Sale
$1,200,000
127 Park Avenue SW, Silver Lake, MN 55381
Age-restricted rental community for adults 50 and older, with shared laundry and community space.
Property SizeContact for details
Lot Size1.59 Acres
Days on Market4
Property Features for 127 Park Avenue SW
General Information
Standard status
Active
Lot size
1.59 Acres
Property subtype
Commercial
Units
Unit Mix
10 x 1BR, 2 x 2BR
Multifamily Units
12
Amenities
coin op laundry room
community room
public restroom
off-street parking
garage
additional outbuilding
Building Details
Year Built
1984
Listing Agency:
Exit Realty Refined
Listed By:
The Antonov Group
(612) 445-4981
Source:
Theantonovgroup
Added: Oct 2
Changed: Oct 4
Last Checked: Oct 4 at 9:49AM
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 Exit Realty Refined
Investment Insights
Based on property information with market context.
This 12-unit apartment community serves adults aged 50 and older. The unit mix includes 10 one-bedroom apartments and two two-bedroom apartments. Built in 1984, the property also includes a coin-operated laundry room, a community room, and a public restroom.
Set on a 1.59-acre lakefront lot in Silver Lake, Minnesota, the property has off-street parking, a four-car garage, and an additional outbuilding.
Set on a 1.59-acre lakefront lot in Silver Lake, Minnesota, the property has off-street parking, a four-car garage, and an additional outbuilding.
Key Highlights
- 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
Property Analytics
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Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
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Business Placement
Demographics for 55381, MN
2,020
Population
871
Households
2.3
Avg Household Size
45
Median Age
14%
College-Educated
90%
High-School Grad
44.2 sq mi
ZIP Area
46
Density / Sq Mi
$87,011
Median Household Income
$50,572
Median Earnings
$775
Median Rent
$233,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Age-restricted rental community for adults 50 and older, with shared laundry and community space.
Where is this apartment building located?
The property is located at 127 Park Avenue SW Silver Lake, MN.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 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
