201 5th Street N, Grove City, MN 56243

New Listing
$189,900
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 3,156 Lot Size (sq. ft.): 33,106 Status: Active
Current Price: $189,900 List Date: 5/30/2026 Last Modified: 5/31/2026

Overview

Description

Incredible turnkey multi-family investment or owner-occupied rental! This beautifully converted property features 3 separate apartment units generating over $2,500/month in steady, reliable cash flow. The versatile layout has a spacious 2-bedroom, 1-bathroom unit upstairs (Unit C), and two separate 1-bedroom, 1-bathroom units downstairs (Units A & B). Every unit boasts its own kitchen, bathroom, and dedicated water heater for maximum tenant convenience. Enjoy ultimate peace of mind with long-term, government-assisted tenants already in place. All units have been fully inspected and passed HRA compliance, guaranteed monthly income directly to you. Looking to house-hack? Move into the upstairs 2-bedroom unit and let the two downstairs units generate monthly income! Additional features include a massive detached 2-car garage. Could be used for owner storage or renting out to tenants for additional residual income—and a beautiful, fully fenced backyard. It could also be used as a l ...

Listing Details MLS# 7083729

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Waterfront Present
No
Year Built
1918
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
3
Main Floor Total SqFt
1052
Above Grd Total SqFt
2104
Below Grd Total SqFt
1052
Total SqFt
3156
Total Finished Sqft
2104.00
FireplaceYN
No
Style
(SF) Single Family
Foundation Size
1052
Garage Stalls
2
Lot Dimensions
64x106x91
Acres
0.76
Assessment Pending
No
Number of Fireplaces
0
Bath Three Quarters
0
Bath Half
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: No Stairs External Air Conditioning: None Basement: Unfinished Construction Status: Previously Owned Exterior: Wood Foundation: Other Fuel: Natural Gas Heating: Forced Air Pool Description: None Sellers Terms: Cash; Conventional; FHA; VA; Other Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
189900
ListPrice
189900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
201
Street Name
5th
Street Suffix
Street
Street Direction Suffix
N
Postal City
Grove City
County
Meeker
State
MN
Zip Code
56243
Complex/Dev/Subdivision
T C Lawsons Sub

Assessments

Tax With Assessments
2752
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2104

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
320

Public Survey Info

Range#
32
Section#
3
Township#
119

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LAWSON'S SUB LOT 1 OF LOT C LAWSON'S SUB OF N 1/2 NE 1/4
Listing City
Grove City
Map Page
999
Municipality
Grove City
School District
A.C.G.C.
School District Phone
320-857-2271
Zip Plus 4
5162
Property ID Number
250225000
Tax Year
2025
Tax Amount
2752
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Incredible turnkey multi-family investment or owner-occupied rental! This beautifully converted property features 3 separate apartment units generating over $2,500/month in steady, reliable cash flow. The versatile layout has a spacious 2-bedroom, 1-bathroom unit upstairs (Unit C), and two separate 1-bedroom, 1-bathroom units downstairs (Units A & B). Every unit boasts its own kitchen, bathroom, and dedicated water heater for maximum tenant convenience. Enjoy ultimate peace of mind with long-term, government-assisted tenants already in place. All units have been fully inspected and passed HRA compliance, guaranteed monthly income directly to you. Looking to house-hack? Move into the upstairs 2-bedroom unit and let the two downstairs units generate monthly income! Additional features include a massive detached 2-car garage. Could be used for owner storage or renting out to tenants for additional residual income—and a beautiful, fully fenced backyard. It could also be used as a large single-family home? This property can easily be converted back into a spacious 5-bedroom residence. Don’t miss out on this high-yield property!
Directions
Drive southwest on US 12/MN 4/Atlantic Ave. Right to 5th St North. Left to North Ave. Bear right onto 279th St. Property is on the right.

Accessible

No Stairs External
Yes

Air Conditioning

None
Yes

Basement

Unfinished
Yes

Construction Status

Previously Owned
Yes

Exterior

Wood
Yes

Foundation

Other
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Insurance Fee

Insurance Fee
0

Pool Description

None
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
Other
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Room Information

Room Name Level
Bathroom Main
Bathroom Main
Bathroom Upper
First (1st) Bedroom Main
Fourth (4th) Bedroom Upper
Kitchen Main
Kitchen Main
Kitchen Upper
Second (2nd) Bedroom Main
Third (3rd) Bedroom Upper
IDX
Listing Office: Beycome Brokerage Realty LLC
Last Updated: May - 31 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.