106 Aspen Avenue SW, Cass Lake, MN 56633 (MLS# 7057783)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 12
Owner Occupied: No
Waterfront Present: No
Year Built: 1950
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4482
For Sale or Lease: For Sale
Acres: 0.02
Lot Dimensions: 100x125
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Metal Foundation: Slab Fuel: Electric; Natural Gas Heating: Baseboard Loan Terms: Cash; Conventional Lock Box Type: None On Site Utilities: Electric Common; Electric Separate; Heating Separate; Hot Water Separate Owner Pays: Sewer; Snow Removal; Taxes; Water Parking Characteristics: Parking Lot Rental License Type: Standard Sewer: City Sewer/Connected Stories: One Tenant Pays: Cable TV; Electricity; Hot Water Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 259900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 106
Street Name: Aspen
Street Suffix: Avenue
Street Direction Suffix: SW
Postal City: Cass Lake
County: Cass
State: MN
Zip Code: 56633
Complex/Dev/Subdivision: West Cass Lake

Assessments

Tax With Assessments: 5426
Assessment Balance: 0

Basement

Foundation Dimensions: 105x46

More Information

Building Information

Building Finished SqFt: 4482
Building SqFt: 4482

Income and Expenses

Annual Gross Expenses: 12648
Annual Gross Income: 46800
Annual Insurance Expense: 6000
Annual Net Income: 34152
Annual Water/Sewer Expense: 900
Total Annual Expenses: 12648

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 31
Section#: 16
Township#: 145

Sale Options

Sale Includes: Building, Leases

Unit 1

Unit Number: Yes
Monthly Rent: 950
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Level: Main Level
Unit Total SqFt: 650
Leased?: Yes
Lease Expiration Date: 2026-04-30
No. of 1 Bedroom Units: Yes

Unit 2

No. of 2 Bedroom Units: 4
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Main Level
Monthly Rent: 750
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 2
Unit Total SqFt: 550

Unit 3

Lease Expiration Date: 2027-02-28
Leased?: Yes
Level: Main Level
Monthly Rent: 800
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 3
Unit Total SqFt: 800

Unit 4

Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Main Level
Monthly Rent: 950
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: 2
Unit Number: 4
Unit Total SqFt: 750

Unit 5

Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: Main Level
Monthly Rent: 650
Three-Quarter Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 5
Unit Total SqFt: 550

Unit Details

Total Units: 5

Office/Member Info

Association: NWMAR

Location, Tax and Other Information

Legal Description: LOTS 2 THRU 5, BLK 20
Listing City: Cass Lake
Map Page: 999
Municipality: Cass Lake
School District: Cass Lake-Bena Schools
School District Phone: 218-335-2204
Zip Plus 4: 2601
Property ID Number: 853442010
Tax Year: 2025
Tax Amount: 4430
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Investor opportunity in Cass Lake. This 5-unit apartment building offers strong cash flow, consistent rental demand, and an easy-to-manage one-level layout. The property includes four 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, giving a great mix of rental options for the local market. Located in the heart of Cass Lake, this property has proven to be easy to rent, with vacant units filling quickly when they become available. Investors will appreciate the steady income potential, practical floor plan, and the convenience of all units being on one level for simplified maintenance and tenant access. Whether you are looking to add to your portfolio or step into multi-family investing, this is a solid opportunity with strong rental appeal.
Directions: Cass Lake, South on Aspen Ave (371 South) to the apartment on the West side of the road.

Accessible

None: Yes

Construction Status

Previously Owned: Yes

Exterior

Metal: Yes

Foundation

Slab: Yes

Fuel

Electric: Yes
Natural Gas: Yes

Heating

Baseboard: Yes

Lock Box Type

None: Yes

Owner Pays

Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Hot Water: Yes

On Site Utilities

Electric Common: Yes
Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes