220 Maple Ave SW

Elysian, MN 56028

$2,400,000
Price
5
Beds
3
Baths
17,280 Sq. Ft.
$139 / Sq. Ft.
17,280
Sq. Ft.
$139
per Sq. Ft.
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New
New

Description

Rare opportunity to acquire a fully stabilized, newer-construction 16-unit portfolio delivering immediate cash flow and long-term upside. Built in 2021/2022, this package includes four 4-plexes (two two-story, one single-level, one bi-level) strategically positioned on 2.15 acres. This is true turnkey investing—all 16 units are fully leased with a proven rental history, minimizing lease-up risk and operational uncertainty from day one. Units are designed for durability and tenant retention, featuring...Rare opportunity to acquire a fully stabilized, newer-construction 16-unit portfolio delivering immediate cash flow and long-term upside. Built in 2021/2022, this package includes four 4-plexes (two two-story, one single-level, one bi-level) strategically positioned on 2.15 acres. This is true turnkey investing—all 16 units are fully leased with a proven rental history, minimizing lease-up risk and operational uncertainty from day one. Units are designed for durability and tenant retention, featuring modern, low-maintenance finishes including LVP flooring, stainless appliances, spacious kitchens with islands, in-unit laundry, and separate HVAC systems. Private patios/decks, strong natural light, and ample off-street parking enhance tenant appeal and support consistent occupancy. Investment Highlights: 17,208 finished sq ft, 16 units, 36 bedrooms, 20 bathrooms, Gross annual income: $243,000, Operating expenses: $61,692

Strong in-place cash flow with efficient expense ratio. Newer construction = reduced capital expenditure risk. With limited comparable inventory of newer multi-family assets, this portfolio offers a compelling blend of stability, efficiency, and scalability. Ideal for investors seeking immediate yield with long-term hold potential. Offered as a package. Full financials and rent roll available upon request.
  1. Listed by RE/MAX Advantage Plus

Property Details for 220 Maple Avenue Southwest

Subdivision Name
Hidden Meadows
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 03/31/2026 09:32 PM

Property Details for 220 Maple Avenue Southwest

StatusActive
MLS #7046788
Days on Compass1
Taxes$24,772 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Fourplex
Year Built2021
Lot Size2.15 AC / 93,654 SF
CountyLe Sueur County
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Location

Listing Courtesy of RE/MAX Advantage Plus
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Building Information for 220 Maple Avenue Southwest

Stories-Residences4Year Built2021Building Size-Lot Size2.15 AC / 93,654 SF

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$13,712 per month

30 year fixed, 6.11% Interest

Principal and Interest

$11,648

Property Taxes

$2,064

HOA Dues

$0

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Property Information for 220 Maple Avenue Southwest

Summary
Location and General Information
  • City Name: Elysian
  • County Or Parish: Le Sueur
  • County: Le Sueur-MN
  • Directions: MN Hwy 60 to NW 3rd to Southwest Maple Ave SW.
  • Latitude: 44.196514
  • Longitude: -93.677102
  • Map Coordinate: 999-A1
  • City and Location: Elysian
  • City and Location Text: Elysian(MN)
  • Postal Code: 56028
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels Description: 164260020,164260010
  • Additional Parcels: Yes
  • Parcel Number: 164260030
  • Tax Annual Amount: $24,772.00
  • Tax Legal Description: HIDDEN MEADOWS NO. 2 LOT-003 BLOCK-001 1.51 AC
  • Tax Other Annual Assessment Amount: $7,386.00
  • Tax Year: 2026
  • Tax With Assessments: 32158
School Information
  • High School District: 1047 - Waterville-Elysian-Morristown
  • School District Number: 1047
  • School District Phone: 5072753115
Property
Lot Information
  • Above Grade Fin SQFT: 17280.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 17280.0
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot, Underground Utilities
  • Lot Size Area: 2.15
  • Lot Size Dimensions: 2.15
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Fourplex
  • Property Type: Residential Income
  • SQFT Main Total: 17280
  • Building Area Total: 17280.0
  • Above Grade SqFt Total: 17280
  • Below Grade SqFt Total: 0
Utilities
  • Electric: Circuit Breakers, 100 Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: Doors 36"+, Other
  • Foundation Area: 11552.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street, Paved Streets
  • Road Responsibility: Public Maintained Road
  • Patio Porch Type: Deck,Patio
Interior Features
  • Basement Type: None
  • Bathrooms Total Count: 3
  • Bedrooms Total: 5
  • Garage Dimensions: 0x0
  • Garage Square Feet: 0
  • Heating: Forced Air
  • Laundry Features: Electric Dryer Hookup, Laundry Closet, In Unit, Washer Hookup
  • Levels: Two
  • Number of Refrigerator: One Per Unit
  • Basement YN: No
Multi Family
Unit 1
  • Unit Amenities: Cable, Ceiling Fan(s), Kitchen Center Island, Natural Woodwork, Open Floor Plan, Patio, Washer/Dryer Hookup
  • Unit Appl: Air-To-Air Exchanger, Dishwasher, Water Heater - Gas, Microwave, Range, Refrigerator, Stainless Steel Appliances, Water Heater - Tankless, Washer
  • Unit Bath Description: Main Floor Full Bath
  • Unit Bath Full: 1
  • Unit Cool System: Central
  • Unit Rooms Total: 5
  • Unit SqFt: 900
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Dining Room Description: Kitchen/Dining Room
  • Unit Is Leased: Y
  • Unit Type Total Rent: 1150
  • Unit Furnished: Unfurnished
Unit 2
  • Unit Amenities: Ceiling Fan(s), Kitchen Center Island, Kitchen Window, Primary Bedroom Walk-In Closet, Main Floor Primary Bedroom, Open Floor Plan, Patio, Paneled Doors, Washer/Dryer Hookup, Walk-In Closet
  • Unit Appl: Air-To-Air Exchanger, Dishwasher, Dryer, Water Heater - Electric, Microwave, Range, Refrigerator, Stainless Steel Appliances
  • Unit Bath Description: Bathroom Ensuite, Full Primary, Private Primary, Main Floor Full Bath
  • Unit Bath Full: 2
  • Unit Cool System: Central
  • Unit Fireplace Num: 1
  • Unit Rooms Total: 9
  • Unit SqFt: 1404
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 1
  • Dining Room Description: Eat In Kitchen
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 1650
  • Unit Furnished: Unfurnished

Property History for 220 Maple Avenue Southwest

DateEvent & SourcePriceAppreciation
Mar 31, 2026

Price Change

NorthStar #7046788

$2,400,000—
Mar 31, 2026

Listed (Active)

NorthStar #7046788

—
DateEvent & SourcePrice
03/31/2026

Price Change

NorthStar #7046788

$2,400,000
03/31/2026

Listed (Active)

NorthStar #7046788

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 220 Maple Avenue Southwest

Taxable ValueLand$99,600Additions$648,900Total$748,500
Tax Record2024$15,818 ($1,318 / month)
Home Facts
Lot Size65,776 SqFtStyleMulti-Family Dwelling (2-4)CountyLE SUEURAPN16.426.0030

Schools near 220 Maple Avenue Southwest

This home is within Waterville-Elysian-Morristown School District.
Rating
School
Type
Grades
Distance
Waterville Elementary School
Public - PK to 4
Morristown Elementary School
Public - 5 to 6
Waterville-Elysian-Morristown Jr.
Public - 7 to 8
Waterville-Elysian-Morristown Sr.
Public - 9 to 12
Rating
School
Distance
Waterville Elementary School
PublicPK to 4

Morristown Elementary School
Public5 to 6

Waterville-Elysian-Morristown Jr.
Public7 to 8

Waterville-Elysian-Morristown Sr.
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 220 Maple Avenue Southwest, Elysian, MN 56028

220 Maple Avenue Southwest is a multi-family home for sale in Elysian, MN 56028. This property was listed for sale on April 1, 2026 by RE/MAX Advantage Plus, it's currently listed at $2,400,000. This listing's school district is Waterville-Elysian-Morristown School District. Nearby schools include Waterville Elementary School, Morristown Elementary School and Waterville-Elysian-Morristown Jr.. 220 Maple Avenue Southwest is a 5-bed, 3-bath, 17,280 sqft multi-family home built in 2021.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Advantage Plus

Based on information submitted to the MLS GRID as of 03/31/2026 09:32 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.