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Investment opportunity in Effie! This well-maintained six-unit apartment complex sits on .51 acres along Hwy 1 and offers a strong, established rental history. Currently fully occupied, the property has several long-term tenants with all units on month-to-month leases. Apartments are nicely updated and well cared for, with the efficiency unit typically seeing the most turnover. Property features include a new shingled roof, flat roofs replaced approximately two years ago, shared coin-operated laundry, patio area, raised garden beds, and ample parking with designated spaces and electrical plug-ins. Utilities are included in the rent, while tenants are responsible for their own TV and internet. With a history of excellent occupancy and consistent tenant demand, this is an attractive income-producing asset for investors. Financial information available upon request to pre-qualified buyers.

8 Beds ⋅ 6 Baths ⋅ 7141188 MLS

Investment opportunity in Effie! This well-maintained six-unit apartment complex sits on .51 acres along Hwy 1 and offers a strong, established rental history. Currently fully occupied, the property has several long-term tenants with all units on month-to-month leases. Apartments are nicely updated and well cared for, with the efficiency unit typically seeing the most turnover. Property features include a new shingled roof, flat roofs replaced approximately two years ago, shared coin-operated laundry, patio area, raised garden beds, and ample parking with designated spaces and electrical plug-ins. Utilities are included in the rent, while tenants are responsible for their own TV and internet. With a history of excellent occupancy and consistent tenant demand, this is an attractive income-producing asset for investors. Financial information available upon request to pre-qualified buyers.

200 NE Hwy 1, Effie

Listing courtesy of COLDWELL BANKER NORTHWOODS.

49231 County Road 173 Unit Cabin 12, Deer River

$315,000

Welcome to Bowstring Shores, where lake living meets opportunity. Cabin twelve is a fully furnished, 8-bedroom, 3-bathroom cabin conveniently located near the boat access. This could either be a year-round home, or a turnkey cabin getaway with built-in income potential, great for large family gatherings. Located on highly sought-after Bowstring Lake, one of northern Minnesota’s premier fishing lakes, this newly developed common interest community offers a unique ownership experience. Enjoy your time at the lake when you want it, and take advantage of a professionally managed rental program when you are not using the property. This allows owners the ability to generate income and offset expenses while maintaining a low-maintenance, hands-off ownership experience. Bowstring Lake spans nearly 10,000 acres and is well known for its excellent fishing, including walleye, northern pike, and panfish. The property also benefits from the deepest and most accessible private landing on the lake, accommodating a wide range of watercraft, including larger boats. Surrounded by the Chippewa National Forest, the area offers year-round recreation with nearby trails, hunting land, and outdoor activities. Each cabin within Bowstring Shores offers its own unique layout and character, while sharing the benefits of lake access, functional design, and the classic Up North cabin feel buyers are looking for. Common amenities include dock access, pool, laundry facilities, and maintained shared spaces, all designed to simplify ownership and enhance the overall experience. Whether you are searching for a personal retreat, a fishing basecamp, or an investment opportunity, this property offers a rare combination of all three in one setting. Multiple units available with varying sizes, layouts, and price points.

8 Beds ⋅ 3 Baths ⋅ 7076254 MLS

Welcome to Bowstring Shores, where lake living meets opportunity. Cabin twelve is a fully furnished, 8-bedroom, 3-bathroom cabin conveniently located near the boat access. This could either be a year-round home, or a turnkey cabin getaway with built-in income potential, great for large family gatherings. Located on highly sought-after Bowstring Lake, one of northern Minnesota’s premier fishing lakes, this newly developed common interest community offers a unique ownership experience. Enjoy your time at the lake when you want it, and take advantage of a professionally managed rental program when you are not using the property. This allows owners the ability to generate income and offset expenses while maintaining a low-maintenance, hands-off ownership experience. Bowstring Lake spans nearly 10,000 acres and is well known for its excellent fishing, including walleye, northern pike, and panfish. The property also benefits from the deepest and most accessible private landing on the lake, accommodating a wide range of watercraft, including larger boats. Surrounded by the Chippewa National Forest, the area offers year-round recreation with nearby trails, hunting land, and outdoor activities. Each cabin within Bowstring Shores offers its own unique layout and character, while sharing the benefits of lake access, functional design, and the classic Up North cabin feel buyers are looking for. Common amenities include dock access, pool, laundry facilities, and maintained shared spaces, all designed to simplify ownership and enhance the overall experience. Whether you are searching for a personal retreat, a fishing basecamp, or an investment opportunity, this property offers a rare combination of all three in one setting. Multiple units available with varying sizes, layouts, and price points.

49231 County Road 173 Unit Cabin 12, Deer River

Listing courtesy of Real Broker,LLC.

$599,000

Welcome to this impressive lake home offering the rare combination of space, comfort, and an in-town Crystal Lake location. This 5+ bedroom property delivers incredible value with a thoughtfully designed open layout and room for everyone. The kitchen offers a functional layout for everyday living and entertaining, flowing into both informal and formal dining spaces. Enjoy gathering in the spacious family room or stepping out onto the deck to take in the setting, surrounded by mature trees and the natural beauty of the lake. An upper and lower level fireplace adds warmth and character, creating a cozy feel throughout both levels of the home. Upstairs, you will appreciate the brand new carpet, along with the flexibility and function this home offers with 5 bathrooms, perfect for hosting family and guests. Ideally situated on Crystal Lake (Ice Lake), this home offers one of the most convenient locations in Grand Rapids, just minutes from the middle and high schools, the Reif Center, the Mesabi Trail, fairgrounds, downtown shopping, and dining. A rare opportunity to enjoy lake living with the ease of in-town amenities.

6 Beds ⋅ 5 Baths ⋅ 7039014 MLS

Welcome to this impressive lake home offering the rare combination of space, comfort, and an in-town Crystal Lake location. This 5+ bedroom property delivers incredible value with a thoughtfully designed open layout and room for everyone. The kitchen offers a functional layout for everyday living and entertaining, flowing into both informal and formal dining spaces. Enjoy gathering in the spacious family room or stepping out onto the deck to take in the setting, surrounded by mature trees and the natural beauty of the lake. An upper and lower level fireplace adds warmth and character, creating a cozy feel throughout both levels of the home. Upstairs, you will appreciate the brand new carpet, along with the flexibility and function this home offers with 5 bathrooms, perfect for hosting family and guests. Ideally situated on Crystal Lake (Ice Lake), this home offers one of the most convenient locations in Grand Rapids, just minutes from the middle and high schools, the Reif Center, the Mesabi Trail, fairgrounds, downtown shopping, and dining. A rare opportunity to enjoy lake living with the ease of in-town amenities.

120 NE 14th Street, Grand Rapids

Listing courtesy of EDGE OF THE WILDERNESS REALTY.

$399,000

4-level home on 2.75 wooded acres in the heart of Grand Rapids. Highlights include a sunken living room with fireplace, formal dining, and a gourmet kitchen. The lower level features an expansive family room with fireplace, 3 bedrooms (or office), full bath, and storage. Upstairs offers 3 more bedrooms, 2 full baths, and a private suite. Enjoy the 3-season porch, patio, fruit trees, berries, and spacious yard. Unique floor plan—this home is a must-see!

6 Beds ⋅ 4 Baths ⋅ 6796863 MLS

4-level home on 2.75 wooded acres in the heart of Grand Rapids. Highlights include a sunken living room with fireplace, formal dining, and a gourmet kitchen. The lower level features an expansive family room with fireplace, 3 bedrooms (or office), full bath, and storage. Upstairs offers 3 more bedrooms, 2 full baths, and a private suite. Enjoy the 3-season porch, patio, fruit trees, berries, and spacious yard. Unique floor plan—this home is a must-see!

1005 Horseshoe Lake Road, Grand Rapids

Listing courtesy of COLDWELL BANKER NORTHWOODS.

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