Montevideo Residential Income
1806 Lincoln Ave, Montevideo, MN 56265
5,800 SF residential income property in Montevideo, Minnesota.
Type:Multifamily
Property size:
5,800 SFPrice / SF:
$77/SF- Added:
- Jun 21, 2023
- Days on Market:
- 1072
- Last Refresh:
- May 12 at 11:37 pm
Property Features for 1806 Lincoln Ave
General Information
- Standard status
- Active
- Size
- 5,800 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1980
Listing agent Mike Bobick License #40048013
Listing office SVN | GC Real Estate
Listing date Jun 21, 2023
Source Crexi
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 SVN | GC Real Estate
HighLights
- Large 5,800 SF residential income property with 10 bedrooms (potential for 11‑12).
- Zoned R‑2 Multi‑Family Residential, offering redevelopment or reconfiguration potential.
- Extensive common areas including shared kitchens, dining, living, activity rooms, laundry, and office space.
- ADA‑accessible features including grab bars, handicap tub, and roll‑in shower.
- Located in a quiet residential area of Montevideo, Minnesota, with convenient access to local services, schools, and employment centers.
- Ideal for specialty housing operators, shared‑living concepts, workforce housing, or value‑add investors.
Overview
Offered for sale is a 5,800 SF residential income property currently configured as a shared-living / group-home style residence. The building features 10 bedrooms with potential for 11–12 bedrooms, multiple shared bathrooms, and extensive common areas including shared kitchens, dining space, living and activity rooms, laundry facilities, and office space. The property includes ADA-accessible features such as grab bars, a handicap tub, and roll-in shower. Zoned R-2 Multi-Family Residential, the property offers future redevelopment or reconfiguration potential, subject to city approvals. This is not a traditional apartment building and does not contain individual dwelling units. Ideal for specialty housing operators, shared-living concepts, workforce housing, or investors seeking a value-add or redevelopment opportunity. Located in a quiet residential area of Montevideo, Minnesota, the property sits within an established neighborhood with convenient access to local services, schools, and employment centers. The site offers a residential setting suitable for shared-living or specialty housing uses, with paved parking and easy access from Lincoln Avenue. The surrounding area consists primarily of residential properties, supporting long-term residential demand and stable neighborhood use.
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
Location Insight
- Map
- Local Demand
- City
- Montevideo
- County
- Chippewa
- State
- Minnesota
- Longitude
- -95.7047247
- Latitude
- 44.9467452
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - 5,800 SF residential income property in Montevideo, Minnesota.
Where is this multifamily property located?
The property is located at 1806 Lincoln Ave Montevideo, MN.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Large 5,800 SF residential income property with **10 bedrooms (potential for 11‑12)**.; Zoned R‑2 Multi‑Family Residential, offering redevelopment or reconfiguration potential.; Extensive common areas including shared kitchens, dining, living, activity rooms, laundry, and office space.
