220 Maple Avenue SW, Elysian, MN 56028 (MLS# 7046788)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Owner Occupied: No
Waterfront Present: No
Year Built: 2021
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 17280
Above Ground SqFt: 17280
Total SqFt: 17280
Foundation Size: 11552
Style: (MF) Four Plex
Total Finished Sqft: 17280.00
Lot Dimensions: 2.15
Acres: 2.15
# Carport Spaces: 0
Below Grd Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: Doors 36"+; Other Basement: None Construction Materials: Frame Construction Status: Previously Owned Electric: 100 Amp Service; Circuit Breakers Exterior: Brick/Stone; Vinyl Foundation: Slab Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Laundry: Electric Dryer Hookup; In Unit; Laundry Closet; Washer Hookup Lock Box Type: None Lot Description: Corner Lot; Underground Utilities Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Lawn; Maintenance/Repair; Repairs; Snow Removal; Taxes; Trash Collection Parking Characteristics: Parking Lot; Paved Lot Rental License Type: Standard Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: All Utilities; Cable TV; Electricity; Gas; Heat; Telephone; Water Unit 1 Amenities: Open Floor Plan; Cable; Ceiling Fan(s); Kitchen Center Island; Natural Woodwork; Patio; Washer/Dryer Hookup Unit 1 Appliances: Stainless Steel Appliances; Air-to-Air Exchanger; Dishwasher; Microwave; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Kitchen/Dining Room Unit 1 Special Search: Main Floor Bedroom; 2nd Floor Laundry; Main Floor Laundry; Main Floor Primary Unit 2 Amenities: Open Floor Plan; Walk-In Closet; Ceiling Fan(s); Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Paneled Doors; Patio; Primary Bedroom Walk-in Closet; Washer/Dryer Hookup Unit 2 Appliances: Stainless Steel Appliances; Air-to-Air Exchanger; Dishwasher; Dryer; Microwave; Range; Refrigerator Unit 2 Bath Description: Bathroom Ensuite; Full Primary; Main Floor Full Bath; Private Primary Unit 2 Cooling: Central Unit 2 Dining Room Description: Eat In Kitchen Unit 2 Special Search: Main Floor Bedroom; Primary Bdr Suite; 3 BR on One Level; Main Floor Laundry; Main Floor Primary Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 2400000
ListPrice: 2400000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 220
Street Name: Maple
Street Suffix: Avenue
Street Direction Suffix: SW
Postal City: Elysian
County: Le Sueur
State: MN
Zip Code: 56028
Complex/Dev/Subdivision: Hidden Meadows

Additional Parcels Information

Property ID #2: 164260020
Property ID #3: 164260010

Assessments

Assessment Balance: 7386
Tax With Assessments: 32158

More Information

Basement

Foundation Dimensions: 0x0
None: Yes

Building Information

Finished SqFt Above Ground: 17280

Income and Expenses

Annual Electric Expense: 2972
Annual Gross Expenses: 61692
Annual Gross Income: 243000
Annual Insurance Expense: 14001
Annual Maintenance Expense: 904
Annual Trash Expense: 4882
Total Annual Expenses: 61692
Annual Caretaker Expense: 0
Annual Fuel Expense: 0
Annual Repair Expense: 0
Annual Water/Sewer Expense: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: RASM
None: Yes

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 0x0
Parking Lot: Yes
Paved Lot: Yes

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
Annual Rent: 13820
Finished SqFt: 900
Full Baths: Yes
Monthly Rent: 1150
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 2
# of Fireplaces: Yes
Annual Rent: 77400
Finished SqFt: 1404
Full Baths: 2
Monthly Rent: 1650
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 9

Unit Details

Total Units: 4

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: HIDDEN MEADOWS NO. 2 LOT-003 BLOCK-001 1.51 AC
Listing City: Elysian
Map Page: 999
Municipality: Elysian
School District: Waterville-Elysian-Morristown
School District Phone: 507-275-3115
Zip Plus 4: 242
Property ID Number: 164260030
Tax Year: 2026
Tax Amount: 24772
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Rare opportunity to acquire a fully stabilized, newer-construction 16-unit portfolio delivering immediate cash flow and long-term upside. Built in 2021/2022, this package includes four 4-plexes (two two-story, one single-level, one bi-level) strategically positioned on 2.15 acres. This is true turnkey investing—all 16 units are fully leased with a proven rental history, minimizing lease-up risk and operational uncertainty from day one. Units are designed for durability and tenant retention, featuring modern, low-maintenance finishes including LVP flooring, stainless appliances, spacious kitchens with islands, in-unit laundry, and separate HVAC systems. Private patios/decks, strong natural light, and ample off-street parking enhance tenant appeal and support consistent occupancy. Investment Highlights: 17,208 finished sq ft, 16 units, 36 bedrooms, 20 bathrooms, Gross annual income: $243,000, Operating expenses: $61,692 Strong in-place cash flow with efficient expense ratio. Newer construction = reduced capital expenditure risk. With limited comparable inventory of newer multi-family assets, this portfolio offers a compelling blend of stability, efficiency, and scalability. Ideal for investors seeking immediate yield with long-term hold potential. Offered as a package. Full financials and rent roll available upon request.
Directions: MN Hwy 60 to NW 3rd to Southwest Maple Ave SW.

Accessible

Doors 36"+: Yes
Other: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes
Circuit Breakers: Yes

Exterior

Brick/Stone: Yes
Vinyl: Yes

Foundation

Slab: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Internet Options

Cable: Yes

Laundry

Electric Dryer Hookup: Yes
In Unit: Yes
Laundry Closet: Yes
Washer Hookup: Yes

Lot Description

Corner Lot: Yes
Underground Utilities: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Repairs: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes

Patio, Porch and Deck Features

Deck: Yes
Patio: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

All Utilities: Yes
Cable TV: Yes
Electricity: Yes
Gas: Yes
Heat: Yes
Telephone: Yes
Water: Yes

Unit 1 Amenities

Open Floor Plan: Yes
Cable: Yes
Ceiling Fan(s): Yes
Kitchen Center Island: Yes
Natural Woodwork: Yes
Patio: Yes
Washer/Dryer Hookup: Yes

Unit 1 Appliances

Stainless Steel Appliances: Yes
Air-to-Air Exchanger: Yes
Dishwasher: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Kitchen/Dining Room: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes
2nd Floor Laundry: Yes
Main Floor Laundry: Yes
Main Floor Primary: Yes

Unit 2 Amenities

Open Floor Plan: Yes
Walk-In Closet: Yes
Ceiling Fan(s): Yes
Kitchen Center Island: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Paneled Doors: Yes
Patio: Yes
Primary Bedroom Walk-in Closet: Yes
Washer/Dryer Hookup: Yes

Unit 2 Appliances

Stainless Steel Appliances: Yes
Air-to-Air Exchanger: Yes
Dishwasher: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Bathroom Ensuite: Yes
Full Primary: Yes
Main Floor Full Bath: Yes
Private Primary: Yes

Unit 2 Cooling

Central: Yes

Unit 2 Dining Room Description

Eat In Kitchen: Yes

Unit 2 Special Search

Main Floor Bedroom: Yes
Primary Bdr Suite: Yes
3 BR on One Level: Yes
Main Floor Laundry: Yes
Main Floor Primary: Yes