Duplex with Attached
New
For Sale
$339,900
495 W 1st Street, Rush City, MN 55069
Residential Income, Rush City, MN
Property Size1,823 SF
Lot Size0.43 Acres
Price / SF$186.45
Days on Market4
Property Features for 495 W 1st Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
Residential-Multi-Family
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Basement, Laundry Room, Bedroom 3, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Open, Garage - Attached, Driveway
Patio and Porch features
Deck
Lot features
Tree Coverage - Medium
High school district
Rush City
Directions
North on 35W to the Rush City exit. Turn right onto 4th St. Take a left onto S. Harte Ave. to 1st Street. Take a right onto 1st Street. Home will be on the left.
Standard status
Active
APN
170003000
Size
1,823 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2609
Utilities
Heating system
Oil
Building Details
Year built
1948
Building materials
Block, Frame
Listing Agency:
Century 21 Moline Realty Inc · Century 21 Real Estate
(763) 689-3593
Listed By:
Michelle Nicollette Hosch
(651) 757-5296
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 5 at 1:06PM
MLS# 7152024
Copyright © 2026 Northstar MLS. 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 duplex property combines a 1.5-story main residence with an attached apartment. The main home has 2 bedrooms and 1 bathroom, and the apartment was added in 1982. A breezeway dates to 1954; the original residence was built in 1948. Recent work includes 13 replacement windows and interior painting. The 1,823-square-foot property sits on 0.43 acres and has block and frame construction, oil heat, a deck, and an attached garage with driveway and open parking.
The apartment is occupied by a tenant. Downtown Rush City, the city water park, Rush City Bakery, and local schools and sporting events are within walking distance. The property also has freeway access for travel to work and nearby communities.
The apartment is occupied by a tenant. Downtown Rush City, the city water park, Rush City Bakery, and local schools and sporting events are within walking distance. The property also has freeway access for travel to work and nearby communities.
Key Highlights
- Attached apartment has an existing tenant
- 1,823 square feet on a 0.43‑acre lot
- Main residence offers 2 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,635
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,700
$532.7K
Cap Rate 7%
$380,500
$380.5K
Cap Rate 9%
$295,944
$295.9K
Market Conditions
NOI Build-Up for 1,823 SF
Gross rent
$40.5K $22.20/SF
− Vacancy
−$2.4K −$1.33/SF
EGI
$38.1K $20.87/SF
− OpEx
−$11.4K −$6.26/SF
NOI
$26.6K $14.61/SF
Area
Chisago County, MN
Vacancy
5.98%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,700
Cap Rate 7%
$380,500
Cap Rate 9%
$295,944
Alternative Uses
Best Use
Multifamily LT 5
$380.5K
$332.9K – $443.9K
NOI $26,635 @ 7.0% cap · market cap 7.84%
Second Best
Apartment 5plus
$349.5K
$305.8K – $407.7K
NOI $24,464 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$434.9K
$380.6K – $507.4K
NOI $30,445 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
Explore this area
Business Placement
Demographics for 55069, MN
5,630
Population
2,266
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
94%
High-School Grad
74.0 sq mi
ZIP Area
76
Density / Sq Mi
$75,139
Median Household Income
$43,013
Median Earnings
$893
Median Rent
$279,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - An occupied apartment is attached to the 1.5-story main residence, with a deck and garage parking.
Where is this duplex located?
The property is located at 495 W 1st Street Rush City, MN.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Attached apartment has an existing tenant; 1,823 square feet on a 0.43‑acre lot; Main residence offers 2 bedrooms and 1 bathroom
