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313 E Broadway Street, Monticello, MN 55362

$265,000

Property Type: Multi-Family Bedrooms: 4 Baths: 4 Square Footage: 2,130 Lot Size (sq. ft.): 10,890 Status: Active

Current Price: $265,000 List Date: 5/27/2026 Last Modified: 7/07/2026

Overview

Description

Excellent investment opportunity in the heart of Monticello! This triplex offers strong rental potential with recent upgrades throughout, including a new roof and updated plumbing in 2025. Each of the three units features its own private entrance, kitchen, and in-unit laundry, providing convenience and privacy for tenants. The property also includes a detached garage, concrete driveway and ample parking. Conveniently located near shopping, restaurants, parks, and easy freeway access, this is a fantastic opportunity to add to your investment portfolio or owner-occupy while generating rental income.

Listing Details MLS# 7078077

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1903
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 860
Above Ground SqFt: 1410
Below Grd Total SqFt: 720
Total SqFt: 2130
Foundation Size: 720
Style: (MF) Triplex
Total Finished Sqft: 2050.00
Garage Stalls: 2
Lot Dimensions: 66x165
Acres: 0.25
Assessment Pending: No

Property Features

Accessible: None Basement: Egress Windows; Single Tenant Access Construction Status: Previously Owned Exterior: Stucco Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air Laundry: Lower Level; Main Level; Upper Level Lot Description: Tree Coverage - Light Owner Pays: Electricity; Gas; Insurance; Taxes; Trash Collection; Water Rental License Type: Standard Road Frontage: Paved Streets Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: One and One Half Unit 1 Amenities: Deck; Main Floor Primary Bedroom; Porch; Tile Floors Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor 1/2 Bath; Main Floor 3/4 Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Living/Dining Room Unit 1 Special Search: All Living Fac. on One Level; Main Floor Laundry Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Bath Description: Upper Level 3/4 Bath Unit 2 Cooling: Central Unit 3 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer; Water Softener-Owned Unit 3 Bath Description: Full Basement Unit 3 Cooling: Central Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 275000
ListPrice: 265000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 313
Street Direction Prefix: E
Street Name: Broadway
Street Suffix: Street
Postal City: Monticello
County: Wright
State: MN
Zip Code: 55362
Complex/Dev/Subdivision: Lower Monticello

Assessments

Tax With Assessments: 3210
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1410
Finished SqFt Below Ground: 640

More Information

Income and Expenses

Annual Electric Expense: 1983
Annual Fuel Expense: 1388
Annual Gross Expenses: 7309
Annual Gross Income: 34200
Annual Insurance Expense: 1591
Annual Water/Sewer Expense: 849
Total Annual Expenses: 7309
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 24x28
Garage Square Feet: 672

Public Survey Info

Range#: 25
Section#: 11
Township#: 121

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
1/2 Baths: Yes
3/4 Baths: Yes
Annual Rent: 12600
Finished SqFt: 720
Monthly Expense: 117
Monthly Rent: 1050
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 2
Total Rooms: 7

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 11400
Finished SqFt: 530
Monthly Expense: 117
Monthly Rent: 950
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 4

Unit 3

Furnished?: No
Leased?: No
Level: Below Ground
Unit Number: 3
Annual Rent: 10200
Finished SqFt: 640
Full Baths: Yes
Monthly Expense: 117
Monthly Rent: 850
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 3

Unit Details

Total Units: 3

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: SECT-11 TWP-121 RANGE-025 LOWER MONTICELLO LOT-007 BLOCK-005 LOTS 7 & 8 BLK 5
Listing City: Monticello
Map Page: 31
Municipality: Monticello
School District: Monticello
School District Phone: 763-272-2000
Property ID Number: 155015005070
Tax Year: 2026
Tax Amount: 3210
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Excellent investment opportunity in the heart of Monticello! This triplex offers strong rental potential with recent upgrades throughout, including a new roof and updated plumbing in 2025. Each of the three units features its own private entrance, kitchen, and in-unit laundry, providing convenience and privacy for tenants. The property also includes a detached garage, concrete driveway and ample parking. Conveniently located near shopping, restaurants, parks, and easy freeway access, this is a fantastic opportunity to add to your investment portfolio or owner-occupy while generating rental income.
Directions: Hwy 25 to Broadway St E to home

Accessible

None: Yes

Basement

Egress Windows: Yes
Single Tenant Access: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Foundation

Poured Concrete: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

Lower Level: Yes
Main Level: Yes
Upper Level: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Insurance: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Deck: Yes
Front Porch: Yes

Rental License Type

Standard: Yes

Road Frontage

Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

One and One Half: Yes

Water

City Water/Connected: Yes

No. of Ranges

Three: Yes

No. of Refrigerators

Three: Yes

Unit 1 Amenities

Deck: Yes
Main Floor Primary Bedroom: Yes
Porch: Yes
Tile Floors: Yes

Unit 1 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Bath Description

Main Floor 1/2 Bath: Yes
Main Floor 3/4 Bath: Yes

Unit 1 Cooling

Central: Yes

Unit 1 Dining Room Description

Living/Dining Room: Yes

Unit 1 Special Search

All Living Fac. on One Level: Yes
Main Floor Laundry: Yes

Unit 2 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Bath Description

Upper Level 3/4 Bath: Yes

Unit 2 Cooling

Central: Yes

Unit 3 Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes
Water Softener-Owned: Yes

Unit 3 Bath Description

Full Basement: Yes

Unit 3 Cooling

Central: Yes

Listing Office: Edina Realty, Inc.

Last Updated: July - 07 - 2026

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