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543 River Street, Taylors Falls, MN 55084

New Listing

$450,000

Room to park two cars to the right of the property

Come and see this adorable triplex in an amazing Taylor's Falls location

Both washer and dryer are installed now. Unit 1 has access only.

Property Type: Multi-Family Bedrooms: 5 Baths: 5 Square Footage: 5,096 Lot Size (sq. ft.): 6,098 Status: Active

Current Price: $450,000 List Date: 7/20/2026 Last Modified: 7/20/2026

Overview

Description

Great opportunity in Taylors falls! This triplex is across the street from the river! This property is an absolute cash cow. The units have been updated and all are in great condition! In an awesome location near Coffee Talk, cute shops, and the hospital. Come and see for yourself. Unit 3 is a large two bedroom, two bathroom unit ready for an owner-occupant.

Listing Details MLS# 7112491

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1920
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1813
Above Ground SqFt: 3283
Below Grd Total SqFt: 1813
Total SqFt: 5096
Foundation Size: 1813
Style: (MF) Triplex
Total Finished Sqft: 4283.00
Lot Dimensions: 90x21x116x135
Acres: 0.14
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None Basement: Partially Finished Construction Status: Previously Owned Exterior: Vinyl Foundation: Other Fuel: Natural Gas Heating: Boiler; Radiant Laundry: In Basement Owner Pays: Gas; Lawn; Repairs; Sewer; Snow Removal; Taxes; Water Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 450000
ListPrice: 450000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 543
Street Name: River
Street Suffix: Street
Postal City: Taylors Falls
County: Chisago
State: MN
Zip Code: 55084
Complex/Dev/Subdivision: Taylors Falls

Assessments

Assessment Balance: 45
Tax With Assessments: 4130

Building Information

Finished SqFt Above Ground: 3283
Finished SqFt Below Ground: 1000

More Information

Income and Expenses

Annual Fuel Expense: 294.23
Annual Gross Expenses: 7501.9
Annual Gross Income: 60600
Annual Insurance Expense: 1477.54
Annual Maintenance Expense: 500
Annual Net Income: 53098.1
Annual Water/Sewer Expense: 972.13
Total Annual Expenses: 7501.9
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 18
Section#: 30
Township#: 34

Unit 1

Furnished?: No
Lease Expiration Date: 2027-01-31
Leased?: Yes
Unit Number: Yes
3/4 Baths: Yes
Annual Rent: 20100
Finished SqFt: 1826
Full Baths: Yes
Monthly Expense: 150
Monthly Rent: 1675
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: Yes
Total Rooms: 7

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
Annual Rent: 18600
Finished SqFt: 782
Full Baths: Yes
Monthly Expense: 100
Monthly Rent: 1550
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
3/4 Baths: Yes
Finished SqFt: 1718
Full Baths: Yes
Monthly Expense: 100
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 2
Total Rooms: 8

Unit Details

Total Units: 3

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: SECTION 30 TOWNSHIP 034 RANGE 018 THAT PT OF LOTS 1,2 & 3, BLK 1 EXCEPT THAT PT LYG W'LY & SW'LY OF A LINE DESC AS BEG AT MOST N'LY COR OF SAID LOT 3; TH S 65D E ASSUM BEAR ALONG NE LINE THEREOF 56 FT TO POB; TH S 5D E 90 FT; TH S 28D E 23 FT M/L TO MOST E'LY COR OF SAID LOT 1 & SAID LINE SUBDIVISIONNAME TAYLORS FALLS LOT 003 BLOCK 001 SUBDIVISIONCD 20010
Listing City: Taylors Falls
Map Page: 14
Municipality: Taylors Falls
School District: Chisago Lakes
School District Phone: 651-213-2096
Property ID Number: 200008800
Tax Year: 2024
Tax Amount: 4085
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Great opportunity in Taylors falls! This triplex is across the street from the river! This property is an absolute cash cow. The units have been updated and all are in great condition! In an awesome location near Coffee Talk, cute shops, and the hospital. Come and see for yourself. Unit 3 is a large two bedroom, two bathroom unit ready for an owner-occupant.
Directions: Across the street from the river!

Accessible

None: Yes

Basement

Partially Finished: Yes

Construction Status

Previously Owned: Yes

Exterior

Vinyl: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes
Radiant: Yes

Laundry

In Basement: Yes

Owner Pays

Gas: Yes
Lawn: Yes
Repairs: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Water: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Refrigerators

Three: Yes

Listing Office: Financially Free, LLC

Last Updated: July - 20 - 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.