345 2nd Ave SW

2
Baths
2,076 Sq. Ft.
$173 / Sq. Ft.
2,076
Sq. Ft.
$173
per Sq. Ft.

Description

Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit, generating $3,000/month in rental income ($36,000 annually) with leases in place through 2026, providing immediate and stable income. Recent updates in both units include painted cabinets, updated fixtures, and new lighting. See supplements for more updates/details. Roof replaced in 2022. The...Welcome to this income-producing duplex in Milaca, MN- offering a great opportunity for both investors and owner-occupants. This up/down duplex features a 3-bedroom main-level unit and a 2-bedroom upper unit, generating $3,000/month in rental income ($36,000 annually) with leases in place through 2026, providing immediate and stable income. Recent updates in both units include painted cabinets, updated fixtures, and new lighting. See supplements for more updates/details. Roof replaced in 2022. The property also features separately metered utilities and a detached 3-stall garage with a separate electric meter (2024), offering added income potential or flexibility for owner use. Tenants pay for gas, electricity, lawn care, and snow removal, which helps keep operating expenses low. This is a great fit for those seeking a reliable investment, a house-hack opportunity, or a multi-family property.
  1. Listed by RE/MAX Advantage Plus

Property Details for 345 2nd Avenue Southwest

Subdivision Name
Fifth Add To Milaca
Zoning Jurisdiction
Residential-Multi-Family,Residential-Single Family
LISTING UPDATED: 03/25/2026 05:02 AM

Property Details for 345 2nd Avenue Southwest

StatusActive
MLS #7036294
Days on Compass3
Taxes$3,434 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex Up and Down
Year Built1920
Lot Size0.41 AC / 18,033 SF
CountyMille Lacs County

Location

Listing Courtesy of RE/MAX Advantage Plus
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Building Information for 345 2nd Avenue Southwest

Stories-Residences2Year Built1920Building Size-Lot Size0.41 AC / 18,033 SF

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$2,033 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,747

Property Taxes

$286

HOA Dues

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Property Information for 345 2nd Avenue Southwest

Summary
Location and General Information
  • City Name: Milaca
  • County Or Parish: Mille Lacs
  • County: Mille Lacs-MN
  • Directions: Milaca - Hwy. 23 / 4th Street, go north on 2nd Ave SW - Home on right
  • Latitude: 45.751334
  • Longitude: -93.651758
  • Map Coordinate: 999-A1
  • City and Location: Milaca
  • City and Location Text: Milaca(MN)
  • Postal Code: 56353
  • State Or Province: MN
  • Public Survey Township: 38
  • Topography: Level,Sloped
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 210460070
  • Tax Annual Amount: $3,434.00
  • Tax Legal Description: FIFTH ADDITION TO MILACA EX HWY & LOT 8 BLK 47
  • Tax Other Annual Assessment Amount: $15.00
  • Tax Year: 2026
  • Tax With Assessments: 3434
School Information
  • High School District: 2335 - Milaca
  • School District Number: 2335
  • School District Phone: 3209827210
Property
Lot Information
  • Above Grade Fin SQFT: 2076.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2076.0
  • Living Area Units: Square Feet
  • Lot Features: Corner Lot, Tree Coverage - Medium
  • Lot Size Area: 0.414
  • Lot Size Dimensions: 122x148
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Duplex Up and Down
  • Property Type: Residential Income
  • SQFT Main Total: 1351
  • Building Area Total: 2268.0
  • Above Grade SqFt Total: 2268
  • Below Grade SqFt Total: 0
Utilities
  • Electric: Circuit Breakers, Fuses, Service - 60 Amp, 100 Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: None
  • Foundation Area: 1351.0
  • Fuel: Natural Gas
  • Roof: Age 8 Years or Less, Asphalt
  • Patio Porch Type: Porch
Interior Features
  • Basement Type: Daylight/Lookout Windows, Full, Unfinished
  • Bathrooms Total Count: 2
  • Bedrooms Total: 5
  • DP Resource: Yes
  • Garage Dimensions: 7x16
  • Garage Square Feet: 728
  • Heating: Baseboard, Boiler, Hot Water, Radiator, Radiant
  • Laundry Features: None
  • Levels: Two
  • Number of Refrigerator: Two
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Amenities: Porch
  • Unit Appl: Disposal, Range, Refrigerator
  • Unit Bath Full: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 1351
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: Main Level
  • Unit Type Total Rent: 1850
  • Unit Furnished: Unfurnished
Unit 2
  • Unit Amenities: Balcony, Porch
  • Unit Appl: Range, Refrigerator
  • Unit Bath Full: 1
  • Unit Monthly Expenses: 1150
  • Unit Rooms Total: 3
  • Unit SqFt: 725
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Units Total: 1
  • Unit Is Leased: Y
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 1150
  • Unit Furnished: Unfurnished

Property History for 345 2nd Avenue Southwest

DateEvent & SourcePriceAppreciation
Mar 24, 2026

Price Change

NorthStar #7036294

$360,000—
Mar 24, 2026

Listed (Active)

NorthStar #7036294

—
May 16, 2025

Off Market

NorthStar #2235010

—
Oct 7, 2022

Sold

NorthStar #6254210

$225,000—
Oct 6, 2022

Sold (Public Record)

Public Record #1500185672

$225,000—
Sep 13, 2022

Pending

NorthStar #6254210

—
Sep 6, 2022

In Contract

NorthStar #6254210

—
Aug 28, 2022

Listed (Active)

NorthStar #6254210

$225,000—
May 20, 2011

Sold

Lake Superior Area REALTORS #1059725

$65,000—
May 9, 2011

Pending

Lake Superior Area REALTORS #1059725

—
Mar 8, 2011

Off Market

Lake Superior Area REALTORS #1113714

$104,900—
Mar 8, 2011

Listed (Active)

Lake Superior Area REALTORS #1059725

$79,900—
Oct 8, 2010

Listed (Active)

Lake Superior Area REALTORS #1113714

$124,900—
May 25, 2004

Sold

NorthStar #2235010

$149,900—
May 4, 2004

Off Market

NorthStar #2235010

—
Feb 18, 2004

Listed (Active)

NorthStar #2235010

$144,900—
DateEvent & SourcePrice
03/24/2026

Price Change

NorthStar #7036294

$360,000
03/24/2026

Listed (Active)

NorthStar #7036294

—
05/16/2025

Off Market

NorthStar #2235010

—
10/07/2022

Sold

NorthStar #6254210

$225,000
10/06/2022

Sold (Public Record)

Public Record #1500185672

$225,000
09/13/2022

Pending

NorthStar #6254210

—
09/06/2022

In Contract

NorthStar #6254210

—
08/28/2022

Listed (Active)

NorthStar #6254210

$225,000
05/20/2011

Sold

Lake Superior Area REALTORS #1059725

$65,000
05/09/2011

Pending

Lake Superior Area REALTORS #1059725

—
03/08/2011

Off Market

Lake Superior Area REALTORS #1113714

$104,900
03/08/2011

Listed (Active)

Lake Superior Area REALTORS #1059725

$79,900
10/08/2010

Listed (Active)

Lake Superior Area REALTORS #1113714

$124,900
05/25/2004

Sold

NorthStar #2235010

$149,900
05/04/2004

Off Market

NorthStar #2235010

—
02/18/2004

Listed (Active)

NorthStar #2235010

$144,900

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

Public Records for 345 2nd Avenue Southwest

Taxable ValueLand$32,000Additions$237,600Total$269,600
Tax Record2025$3,146 ($262 / month)
Home Facts
Beds0Total Finished SqFt1,440 SqFtAbove Grade Finished SqFt1,440 SqFtStyleSingle Family ResidenceYear Built1920CountyMILLE LACSAPN21-046-0070Fireplace TypeHas Fireplace

Schools near 345 2nd Avenue Southwest

This home is within Milaca Public School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Public - 7 to 12
Public - 7 to 12
Rating
School
Distance
Milaca Elementary School
PublicPK to 6

Milaca Secondary High School
Public7 to 12

Milaca Area Learning Center
Public7 to 12

Milaca 7-12 Online
Public7 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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345 2nd Avenue Southwest is a multi-family home for sale in Milaca, MN 56353. This property was listed for sale on March 24, 2026 by RE/MAX Advantage Plus, it's currently listed at $360,000. It has been on the market for a total of 3 days and was last sold on October 7, 2022. This listing's school district is Milaca Public School District. Nearby schools include Milaca Elementary School, Milaca Secondary High School and Milaca Area Learning Center. 345 2nd Avenue Southwest is a 5-bed, 2-bath, 2,076 sqft multi-family home built in 1920.

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 03/25/2026 05:02 AM. 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.