409 Meadow Drive, Mcgregor, MN 55760
$295,000
Property Type:
Multi-Family
Bedrooms:
5
Baths:
4
Square Footage:
3,500
Lot Size (sq. ft.):
105,851
Status:
Active
Current Price:
$295,000
List Date:
5/26/2026
Last Modified:
7/20/2026
Overview
Description
Listing Details MLS# 7080759
General Property Information
- Lot Measurement
- Acres
- Multiple PIDs?
- No
- Owner Occupied
- No
- Waterfront YN
- No
- Year Built
- 1974
- Yearly/Seasonal
- Yearly
- Main Floor Total SqFt
- 3500
- Above Ground SqFt
- 3500
- Total SqFt
- 3500
- Foundation Size
- 3500
- Style
- (MF) Four Plex
- Total Finished Sqft
- 3500.00
- Lot Dimensions
- irregular
- Acres
- 2.43
- Assessment Pending
- No
- Below Grd Total SqFt
- 0
- Garage Stalls
- 0
Property Features
Accessible:
No Stairs External; No Stairs Internal
Basement:
None
Construction Status:
Previously Owned
Electric:
Circuit Breakers
Exterior:
Wood
Foundation:
Slab
Fuel:
Electric; Propane
Heating:
Baseboard; Forced Air
Owner Pays:
Gas; Lawn; Snow Removal; Trash Collection; Water
Sewer:
City Sewer/Connected
Stories:
One
Tenant Pays:
Electricity
Water:
City Water/Connected
Contract Information
- Contingency
- None
- Original List Price
- 305000
- ListPrice
- 295000
- Owner is an Agent?
- Yes
- Auction?
- No
Location Tax and Other Information
- House Number
- 409
- Street Name
- Meadow
- Street Suffix
- Drive
- Postal City
- Mcgregor
- County
- Aitkin
- State
- MN
- Zip Code
- 55760
Assessments
- Tax With Assessments
- 1374
- Assessment Balance
- 0
- Assessment Installment
- 0
Building Information
- Finished SqFt Above Ground
- 3500
More Information
Income and Expenses
- Annual Electric Expense
- 4106
- Annual Fuel Expense
- 2300
- Annual Gross Expenses
- 12781
- Annual Gross Income
- 45828
- Annual Insurance Expense
- 2243
- Annual Maintenance Expense
- 289
- Annual Net Income
- 33047
- Annual Repair Expense
- 96
- Annual Trash Expense
- 1909
- Annual Water/Sewer Expense
- 1838
- Total Annual Expenses
- 12781
- Annual Caretaker Expense
- 0
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- DP Resource
- Yes
- Homestead
- No
Ownership
- Fractional Ownership
- No
Public Survey Info
- Range#
- 24
- Section#
- 25
- Township#
- 48
Unit 1
- Furnished?
- No
- Leased?
- No
- Unit Number
- Yes
- 3/4 Baths
- Yes
- Annual Rent
- 11940
- Finished SqFt
- 1000
- Monthly Rent
- 995
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- Yes
- Total Rooms
- 3
Unit 2
- Furnished?
- No
- Lease Expiration Date
- 2026-07-31
- Leased?
- Yes
- Unit Number
- 2
- Annual Rent
- 13800
- Finished SqFt
- 1000
- Full Baths
- Yes
- Monthly Rent
- 1150
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- 3
- Total Rooms
- 5
Unit 3
- Furnished?
- No
- Leased?
- Yes
- Unit Number
- 3
- Annual Rent
- 7200
- Finished SqFt
- 500
- Full Baths
- Yes
- Monthly Rent
- 600
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Rooms
- 2
Unit 4
- Furnished?
- No
- Lease Expiration Date
- 2026-05-31
- Leased?
- Yes
- Unit Number
- 4
- Annual Rent
- 12300
- Finished SqFt
- 1000
- Full Baths
- Yes
- Monthly Rent
- 1025
- No. of Units Like This
- Yes
- Total Baths
- Yes
- Total Bedrooms
- Yes
- Total Rooms
- 3
Unit Details
- Total Units
- 4
Office/Member Info
- Association
- MAAR
Location, Tax and Other Information
- Legal Description
- 2.43 AC IN SE OF SE IN DOC 243403 (.03 AC HWY
- Listing City
- Mcgregor
- Map Page
- 999
- Municipality
- Jevne Twp
- School District
- McGregor
- School District Phone
- 218-768-2111
- Zip Plus 4
- 10
- Property ID Number
- 140043005
- Tax Year
- 2026
- Tax Amount
- 1374
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- Check out this incredible investment opportunity in the heart of McGregor. This rare 4-plex offers incredible cash flow from day 1 along with value add possibilities offering incredible upside potential for the new owner. This is one you won't want to miss. Schedule your showing today! Listing agent is owner.
- Directions
- From 210, enter town, then head north on 65. Property is almost immediately on your left, located between Fireside Inn and Crossroads Hotel.
Accessible
- No Stairs External
- Yes
- No Stairs Internal
- Yes
Basement
- None
- Yes
Construction Status
- Previously Owned
- Yes
Electric
- Circuit Breakers
- Yes
Exterior
- Wood
- Yes
Foundation
- Slab
- Yes
Fuel
- Electric
- Yes
- Propane
- Yes
Heating
- Baseboard
- Yes
- Forced Air
- Yes
Owner Pays
- Gas
- Yes
- Lawn
- Yes
- Snow Removal
- Yes
- Trash Collection
- Yes
- Water
- Yes
Sewer
- City Sewer/Connected
- Yes
Stories
- One
- Yes
Water
- City Water/Connected
- Yes
No. of Ranges
- Three
- Yes
No. of Refrigerators
- Four
- Yes
Tenant Pays
- Electricity
- Yes
Listing Office:
eXp Realty
Last Updated: July - 20 - 2026
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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.
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