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108 Cleveland Avenue W

Underwood, MN 56586

– beds
– baths
3,456 sqft
$79 per sqft
1976 build
– on site

This well-maintained investment property offers strong cash flow, minimal upkeep, and a proven rental history. A fantastic opportunity for first-time investors or a valuable addition to any portfolio, the building features four fully occupied 2-bedroom, 1-bath apartments. Each unit includes a dedicated garage, with tenants covering electricity costs—including heat—for added efficiency. Additional amenities include a shared coin-operated laundry and expansive grounds for tenant enjoyment. Ideally situated just one block from an excellent school, this property provides quiet small-town living with easy access to city conveniences. A short drive connects residents to shopping, employment, and entertainment options, making this a highly desirable rental location.

Listing courtesy of NORTHSTAR / Brian Tjaden / Trilogy Real Estate

Last checked: Checking… • Last updated May 6, 2025 •

MLS# 6713002 —

The Building

Year Built:

1976
New Construction:

false
Age Of Property:

49
Construction Materials:

Vinyl Siding
Roof:

Asphalt
Accessibility Features:

None
Levels:

Split Entry (Bi-Level)
Main Level Finished Area:

1728.0000
Basement:

Daylight/Lookout Windows
Basement:

true
Foundation Area:

1728
Foundation Dimensions:

72x24
Building Area Total:

3456
Above Grade Finished Area:

1728
Below Grade Finished Area:

1728

Room Dimensions

Living Area:

3456

Location

Latitude:

46.283692
Longitude:

-95.872392

The Property

Parcel Number:

80000990085000
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Quadruplex
Additional Parcels:

false
Lot Size Area:

0.52
Lot Size Dimensions:

50x150
Lot Size Units:

Acres
Road Frontage Type:

City Street
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

2762
Tax With Assessments:

3034.0000

Heating & Cooling

Heating:

Baseboard

Utilities

Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Four

Schools

High School District:

Underwood

The Community

Subdivision Name:

Underwood
Assessment Pending:

No

Parking

Parking Features:

Detached
Garage Spaces:

4

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Max Internet Speed

Park Region Mutual Telephone Company

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
5/1/25 May 1, 2025	Listed / Active	NORTHSTAR	$275,000	41.0% (5.1% / YR)
4/28/17 Apr 28, 2017		NORTHSTAR	$195,000

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This multifamily located in Underwood, MN 56586 is currently for sale for $275,000. 108 Cleveland Avenue W is a 3,456 square foot multifamily with – beds and – baths that has been on Estately for 18 days. This multifamily is in the attendance area of Underwood Elementary School and Underwood High School.

Listing Courtesy of: NORTHSTAR and Trilogy Real Estate.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing 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 information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. 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.