316 2nd St N

$389,900
Price
4
Beds
4
Baths
2,540 Sq. Ft.
$154 / Sq. Ft.
2,540
Sq. Ft.
$154
per Sq. Ft.

Description

Four 1 Bed, 1 Bath units with annual lease in place. Excellent location within 1-4 blocks from restaurants, city offices, Central Park and the Delano 4th of July Celebration. Exceptional cash flow. This historic, former church from the late 1880s has great charm and investment potential!Four 1 Bed, 1 Bath units with annual lease in place. Excellent location within 1-4 blocks from restaurants, city offices, Central Park and the Delano 4th of July Celebration. Exceptional cash flow. This historic, former church from the late 1880s has great charm and investment potential!

Listing Agents

  1. Becky Schaust

    Becky Schaust

    Listing Agent

    Compass

    becky.schaust@compass.com

    P: (612)-799-7889

  2. Doug Schaust

    Doug Schaust

    Alternative Listing Agent

    Compass

    doug.schaust@compass.com

    P: (612)-240-9736

Property Details for 316 2nd Street North

Subdivision Name
Litchfields Add
LISTING UPDATED: 12/11/2025 11:23 AM

Property Details for 316 2nd Street North

StatusActive
MLS #6807749
Days on Compass11
Taxes$3,914 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1885
Lot Size0.34 AC / 14,941 SF
CountyWright County
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Virtual Tour

Building Information for 316 2nd Street North

Stories-Residences4Year Built1885Building Size-Lot Size0.34 AC / 14,941 SF

Payment Calculator

$2,253 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,927

Property Taxes

$326

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 316 2nd Street North

Summary
Location and General Information
  • City Name: Delano
  • County Or Parish: Wright
  • County: Wright-MN
  • Directions: Hwy 12 to east on Bridge to North on 2nd St, 2 blocks to property on right
  • Latitude: 45.043957
  • Longitude: -93.787431
  • Map Coordinate: 87-D2
  • City and Location: Delano
  • City and Location Text: Delano(MN)
  • Postal Code: 55328
  • State Or Province: MN
  • Public Survey Township: 118
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 107022006050
  • Tax Annual Amount: $3,914.00
  • Tax Legal Description: SECT-11 TWP-118 RANGE-025 LITCHFIELDS ADDN LOT-005 BLOCK-006 LOTS 5&6 BLK 6
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 3914
School Information
  • High School District: 2312 - Delano
  • School District Number: 2312
  • School District Phone: 7639723365
Property
Lot Information
  • Above Grade Fin SQFT: 2540.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2540.0
  • Living Area Units: Square Feet
  • Lot Size Area: 0.343
  • Lot Size Dimensions: 100x150
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • SQFT Main Total: 1270
  • Above Grade SqFt Total: 2540
  • Below Grade SqFt Total: 0
Utilities
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Fencing: None
  • Foundation Area: 1270.0
  • Fuel: Electric
  • Pool Features: None
  • Road Frontage Type: City Street
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years, Asphalt
Interior Features
  • Basement Type: None
  • Bathrooms Total Count: 4
  • Bedrooms Total: 4
  • DP Resource: Yes
  • Garage Square Feet: 0
  • Heating: Baseboard
  • Laundry Features: None
  • Levels: Two
  • Number of Refrigerator: Four
  • Basement YN: No
Multi Family
Unit 1
  • Unit Bath Full: 1
  • Unit Monthly Expenses: 100
  • Unit Rooms Total: 4
  • Unit SqFt: 423
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 900
  • Unit Furnished: Unfurnished
Unit 2
  • Unit Bath Full: 1
  • Unit Monthly Expenses: 100
  • Unit Rooms Total: 4
  • Unit SqFt: 423
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 850
  • Unit Furnished: Unfurnished
Unit 3
  • Unit Bath Full: 1
  • Unit Monthly Expenses: 100
  • Unit Rooms Total: 4
  • Unit SqFt: 425
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 950
  • Unit Furnished: Unfurnished
Unit 4
  • Unit Bath Full: 1
  • Unit Monthly Expenses: 100
  • Unit Rooms Total: 4
  • Unit SqFt: 425
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 925
  • Unit Furnished: Unfurnished

Property History for 316 2nd Street North

DateEvent & SourcePriceAppreciation
Dec 11, 2025

Price Change

NorthStar #6807749

$389,900—
Nov 18, 2025

Price Change

NorthStar #6807749

$399,900—
Oct 23, 2025

Listed (Active)

NorthStar #6807749

—
Sep 15, 2014

Sold

Lake Superior Area REALTORS #2183408

$135,000—
Sep 12, 2014

Sold (Public Record)

Public Record #450553884

$135,000

-2.9% / yr

Aug 1, 2014

Pending

Lake Superior Area REALTORS #2183408

—
May 22, 2014

Listed (Active)

Lake Superior Area REALTORS #2183408

$137,500—
May 8, 2014

Off Market

Lake Superior Area REALTORS #2121738

$139,900—
Nov 18, 2013

Listed (Active)

Lake Superior Area REALTORS #2121738

$139,900—
Sep 23, 2013

Off Market

Lake Superior Area REALTORS #1683933

$185,000—
Aug 12, 2013

Off Market

Lake Superior Area REALTORS #2005740

$119,900—
Feb 21, 2013

Listed (Active)

Lake Superior Area REALTORS #2005740

$119,900—
Nov 2, 2007

Listed (Active)

Lake Superior Area REALTORS #1683933

$185,000—
Oct 30, 2007

Off Market

Lake Superior Area REALTORS #1682757

$199,900—
Aug 2, 2007

Listed (Active)

Lake Superior Area REALTORS #1682757

$199,900—
Jan 21, 2005

Sold (Public Record)

Public Record #255704289

$179,900—
Jan 14, 2005

Sold (Public Record)

Public Record #255704288

$73,000—
DateEvent & SourcePrice
12/11/2025

Price Change

NorthStar #6807749

$389,900
11/18/2025

Price Change

NorthStar #6807749

$399,900
10/23/2025

Listed (Active)

NorthStar #6807749

—
09/15/2014

Sold

Lake Superior Area REALTORS #2183408

$135,000
09/12/2014

Sold (Public Record)

Public Record #450553884

$135,000

-2.9% / yr

08/01/2014

Pending

Lake Superior Area REALTORS #2183408

—
05/22/2014

Listed (Active)

Lake Superior Area REALTORS #2183408

$137,500
05/08/2014

Off Market

Lake Superior Area REALTORS #2121738

$139,900
11/18/2013

Listed (Active)

Lake Superior Area REALTORS #2121738

$139,900
09/23/2013

Off Market

Lake Superior Area REALTORS #1683933

$185,000
08/12/2013

Off Market

Lake Superior Area REALTORS #2005740

$119,900
02/21/2013

Listed (Active)

Lake Superior Area REALTORS #2005740

$119,900
11/02/2007

Listed (Active)

Lake Superior Area REALTORS #1683933

$185,000
10/30/2007

Off Market

Lake Superior Area REALTORS #1682757

$199,900
08/02/2007

Listed (Active)

Lake Superior Area REALTORS #1682757

$199,900
01/21/2005

Sold (Public Record)

Public Record #255704289

$179,900
01/14/2005

Sold (Public Record)

Public Record #255704288

$73,000

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

Public Records for 316 2nd Street North

Taxable ValueLand$53,000Additions$218,900Total$271,900
Tax Record2025$3,914 ($326 / month)
Home Facts
Total Finished SqFt2,240 SqFtAbove Grade Finished SqFt2,240 SqFtLot Size14,941 SqFtStyleMulti-Family Dwelling (2-4)Year Built1885Year Renovated1960CountyWRIGHTAPN107-022-006050

Schools near 316 2nd Street North

This home is within Delano Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 6
Public - 7 to 12
Private - PK to 8
Rating
School
Distance
Delano Elementary School
PublicPK to 3

Delano Middle School
Public4 to 6

Delano Senior High School
Public7 to 12

Mt Olive Lutheran School
PrivatePK to 8

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.

Similar Homes

Similar Sold Homes

316 2nd Street North is a multi-family home for sale in Delano, MN 55328. This property was listed for sale on October 23, 2025 by Compass, it's currently listed at $389,900. It has been on the market for a total of 11 days and was last sold on September 15, 2014. This listing's school district is Delano Public School District. Nearby schools include Delano Elementary School, Delano Middle School and Delano Senior High School. 316 2nd Street North is a 4-bed, 4-bath, 2,540 sqft multi-family home built in 1885.

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.

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/23/2025 02:50 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.