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331 E 3rd Street, Monticello, MN 55362

$289,900

Property Type: Multi-Family Bedrooms: 3 Baths: 2 Square Footage: 2,815 Lot Size (sq. ft.): 16,117 Status: Active

Current Price: $289,900 List Date: 4/25/2026 Last Modified: 6/09/2026

Overview

Description

Great investment opportunity just three blocks from downtown Monticello! Rent both units or live in one and rent the other! This well maintained up-down duplex has in each unit a kitchen, living room and full bath. Upstairs unit has 2 bedrooms, main level unit has 1 bedroom. Shared laundry in basement. Enjoy the large, flat, usable yard with recent tree and yard work and addition of a shed. New roof, furnace, upstairs carpet and dishwasher in 2024. Other recent updates include water heater, washer, dryer, laundry sink, main level deck. Easy access to 25, 94, and 10. Blocks away from shopping, food, parks and the Mississippi River!

Listing Details MLS# 7062021

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1005
Above Ground SqFt: 1910
Below Grd Total SqFt: 905
Total SqFt: 2815
Foundation Size: 1005
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1910.00
Lot Dimensions: 163x98
Acres: 0.37
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Assumable Loan: Not Assumable Basement: Full; Owner Access; Shared Access; Storage Space Construction Status: Previously Owned Existing Financing: Conventional Exterior: Fiber Board Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Lock Box Type: Supra Lot Description: Tree Coverage - Light Owner Pays: Electricity; Gas; Grounds Care; Insurance; Maintenance/Repair; Sewer; Snow Removal; Taxes; Trash Collection; Water Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV Unit 1 Amenities: Ceiling Fan(s); Kitchen Window; Main Floor Primary Bedroom; Patio Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 1 Special Search: Main Floor Bedroom Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Kitchen/Dining Room Water: City Water/Connected

Contract Information

Contingency: Inspection
Original List Price: 299900
ListPrice: 289900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 331
Street Direction Prefix: E
Street Name: 3rd
Street Suffix: Street
Postal City: Monticello
County: Wright
State: MN
Zip Code: 55362
Complex/Dev/Subdivision: Lower Monti Blocks A, B, C & D

Assessments

Tax With Assessments: 1930
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1910

More Information

Income and Expenses

Annual Electric Expense: 2567
Annual Fuel Expense: 1386
Annual Gross Expenses: 8905
Annual Gross Income: 14400
Annual Insurance Expense: 3411
Annual Maintenance Expense: 257
Annual Repair Expense: 400
Annual Water/Sewer Expense: 884
Total Annual Expenses: 8905
Annual Caretaker Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: Yes

Ownership

Fractional Ownership: No

Public Survey Info

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

Unit 1

Furnished?: No
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 14400
Finished SqFt: 1005
Full Baths: Yes
Monthly Rent: 1200
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: Yes
Total Rooms: 6

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
Finished SqFt: 905
Full Baths: Yes
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: SECT-11 TWP-121 RANGE-025 LOWER MONTI BLOCKS A,B,C & D BLOCK-00C LT 3& W1/2 OF LT 2 BLK C
Listing City: Monticello
Map Page: 31
Municipality: Monticello
School District: Monticello
School District Phone: 763-272-2000
Property ID Number: 155040003030
Tax Year: 2025
Tax Amount: 1930
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Great investment opportunity just three blocks from downtown Monticello! Rent both units or live in one and rent the other! This well maintained up-down duplex has in each unit a kitchen, living room and full bath. Upstairs unit has 2 bedrooms, main level unit has 1 bedroom. Shared laundry in basement. Enjoy the large, flat, usable yard with recent tree and yard work and addition of a shed. New roof, furnace, upstairs carpet and dishwasher in 2024. Other recent updates include water heater, washer, dryer, laundry sink, main level deck. Easy access to 25, 94, and 10. Blocks away from shopping, food, parks and the Mississippi River!
Directions: I-94 to Hwy 25 north to 3rd Street east to home.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Assumable Loan

Not Assumable: Yes

Basement

Full: Yes
Owner Access: Yes
Shared Access: Yes
Storage Space: Yes

Construction Status

Previously Owned: Yes

Existing Financing

Conventional: Yes

Exterior

Fiber Board: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

Supra: Yes

Lot Description

Tree Coverage - Light: Yes

Owner Pays

Electricity: Yes
Gas: Yes
Grounds Care: Yes
Insurance: Yes
Maintenance/Repair: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: 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

Two: Yes

Water

City Water/Connected: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes

Unit 1 Amenities

Ceiling Fan(s): Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Patio: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Dining Room Description

Kitchen/Dining Room: Yes

Listing Office: Coldwell Banker Realty

Last Updated: June - 09 - 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.