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    Hill City, MN
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    Hill City, MN Residential Income Properties for Sale

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    Swatara, MN Grand Rapids, MN Deer River, MN Cohasset, MN Palisade, MN Remer, MN Emily, MN Mcgregor, MN
    Updated 6-Unit Apartment Building
    Updated: Apr 11
    Updated 6-Unit Apartment Building

    241 W Lake Ave, Hill City, MN 55748

    Contact for pricing
    Six‑unit apartment property with four two‑bedroom units and two large studios
    Four of the six residences have been completely remodeled
    Exterior and common‑area improvements have been completed
    Full occupancy maintained for 5 years
    Located at 241 W Lake Ave in Hill City, MN 55748
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Hill City, MN, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Triplex with Separate Business Unit
    Triplex with Separate Business Unit

    32969 Laplant Road, Grand Rapids, MN 55744

    $550,000
    3,384 sqft

    Three-unit mixed-use triplex on Multi zoning with updated rentals, metal roof, and parking lot on Hwy 169.

    View details
    Two-Unit Duplex with Three-Stall Garage
    Two-Unit Duplex with Three-Stall Garage

    219 3rd Avenue, Bovey, MN 55709

    $190,000
    1,620 sqft

    Two residential units offer separate kitchens and full bathrooms, plus supplemental solar power and additional basement utility space.

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    Duplex With Separate Business Unit
    Duplex With Separate Business Unit

    32969 Laplant Road, Grand Rapids, MN 55744

    $550,000
    5,040 sqft 5.00 AC lot

    Two updated rental units share the property with a separate business space, private water and sewer, and ample parking.

    View details
    Downtown Mixed-Use Duplex
    Downtown Mixed-Use Duplex

    314 2nd Street, Bovey, MN 55709

    Contact for pricing

    Two upper apartments are currently rented, and the main level can be converted to office space or additional apartments.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land in Grand Rapids
    Residential Land in Grand Rapids

    Nicholas Street, Grand Rapids, MN 55744

    $70,000
    1.88 AC lot

    Wooded lot in a sought-after Grand Rapids community.

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    Residential Land in Willow River Estates
    Residential Land in Willow River Estates

    Willow River Drive NE, Remer, MN 56672

    Contact for pricing
    3.00 AC lot

    Three-acre wooded parcel in established neighborhood, ready for new home.

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    Hunting Land with Highway Access
    Hunting Land with Highway Access

    18686 State Highway 200, Jacobson, MN 55752

    $54,900
    6.00 AC lot

    Six acres offer paved-road access, available electricity, and a setting suited to hunting, recreation, or a future retreat.

    View details
    Mary Lake Waterfront Land Opportunity
    Mary Lake Waterfront Land Opportunity

    S Shore Drive, Emily, MN 56447

    $245,000
    0.82 AC lot

    Rare vacant lot on Mary Lake with 110 feet frontage.

    View details

    Hill City, MN Residential Income Properties Market Trends and Statistics

    Explore 1 residential income properties for sale in Hill City, MN on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1
    Multifamily properties 1

    Demographics Overview

    Population 1,429
    Population Growth (5Y) +2.5%
    Median Household Income $54,615
    College Educated 21.1%

    Taxes & Financing

    Tax Rate (average for all types) 1.66%
    Property Tax per SF $23.41 per SF
    Tax Rate vs County Average 0.32 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Aitkin County

    New Delisted

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