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$200,000
11 Beds 6 Baths 7041697 MLS
Strong income-producing opportunity featuring a 4-unit multifamily building plus a separate 3-bedroom, 1.5-bath single-family home—all being sold together. With 4 of the 5 total units currently rented and vacant unit #1 undergoing renovations, this property offers immediate cash flow with additional upside upon completion. Originally a church with a pastor’s residence, the main building was converted into four rental units while still showcasing unique architectural character. The unfinished third level with vaulted ceilings provides excellent potential for additional unit(s), expanded living space, or increased rental income. The accompanying single-family home adds flexibility for owner-occupancy, additional rental revenue, or on-site management. Ideal for investors or house hackers looking to expand their portfolio with a versatile multi-unit property offering multiple income streams, value-add potential, and long-term growth. Owner is a licensed real estate agent in the state of Minnesota.

516 7th Avenue, International Falls

Listing courtesy of eXp Realty.

$1,299,000
8 Beds 4 Baths 6767803 MLS
Enchanting 2.6-acre pristine Rainy Lake Island paradise on the U.S. side of the lake! You could have a private family or corporate compound or return it back into a resort that it formerly was. The island is divided into 2 portions connected by a thin strip of sand beach. During the record flood of 2022 none of the cabins on this portion of the island flooded. The island has a great Rainy Lake history and was conceived by Major Horace Gordan Roberts in 1913. Roberts was a well to do businessman from Davenport, Iowa and reportedly had vast lumber holdings around the country. In 1959 Gerald and Olive Wagness bought the island and ran it as a resort till 1972 before it was sold into private hands. The island boasts 4 cabins with 9 bedrooms total, a generous woodshop, a woodshed, a kids play cottage, a gazebo, a centrally located laundry and a small bunkhouse for additional sleeping quarters and access to a shared beach. Located on the edge of Voyageurs National Park the fishing is world class and the Canadian Shield scenery is second to none.

2715 Roberts Island, International Falls

Listing courtesy of Move it Real Estate Group/Lake.

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