Listed By
Agency Name: RE/MAX Advantage Plus
Agency Phone: 651-272-4688
Shown By
Agent Name: Jan Wentland
Agent Phone: (612) 791-8260
Agency Title: Counselor Realty
Property Description
Excellent cash-flowing rental property located just one block from the main UMD parking lot. This is an ideal opportunity for investors or for parents seeking housing for a student attending UMD or the College of St. Scholastica. Thanks to its highly desirable location, the home has never experienced a vacancy and has been well-maintained. With five bedrooms, the property's rental income comfortably covers operating expenses and mortgage costs. The main level offers an inviting, open layout, a gas fireplace for cozy evenings and includes an additional refrigerator for tenant convenience. The rental license is active andfully transferable. The floor plan features two bedrooms and a full bath on the main level, along with three bedrooms and a 3/4 bath in the lower level. Most windows were replaced just before the current owners purchased the property. The living room, dining room, and all lower-level lookout windows have been updated within the past 3 years. A significant recent upgrade is the brand-new 2025 boiler, whichalso functions as an on-demand water heater. This efficient system helps keep heating costs low by eliminating the need to maintain a full tank of hot water and removes the future expense of replacing atraditional water heater. Current rent is $2,875 per month with the lease expiring on May 31, 2026. All tenants are vacating the property. The next 12 month rental cycle is projected at $3,000 per month, still below comparable nearby properties, which typically run $50?$75 higher per room. This is an outstanding opportunity to own a strong, income-producing property while also potentially providing housing for a student with a fully transferable rental license. Let thisinvestment work for you or enjoy it as a regular single family home with excellent proximity to campus. Initial price of $339,900 was a typo.
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1916 Lawn Street, Duluth, MN 55812
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$ 2,138.41 per month $1,729.79 Principal & Interest $313.83 Property Tax $94.79 Homeowner's InsuranceChange Payment Information
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1916 Lawn Street, Duluth, MN 55812
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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1916 Lawn Street | MLS# 7032254
This single family home located at 1916 Lawn Street, Duluth, MN 55812 is currently listed for sale with an asking price of $325,000. This property was built in 1929 and has 5 bedrooms and 2 full baths with 1922 sq. ft. Lawn Street is located in the Kent Road Div Of Duluth subdivision within the Duluth school district. Search Kent Road Div Of Duluth real estate on www.janwentland.com today.