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Active
$370,000
/mo Edit
Single Family:  2 Stories
4 br • 2 ba • Built 1929
1,982 sqft • 0.387 acres
Lake Superior schools
MLS# 7146115
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    Property Description

    5 LOTS. 2 DWELLINGS. SEPARATE METERS. 3 BLOCKS TO THE LAKE! Enjoy Lake Superior access without the high price-tag. This Knife River property offers a Home & Cottage, both in pristine condition. Discover the blend of coastal North Shore living & smart financial flexibility. A rare offering: options for multi-generational living, a private home office, studio, income generator & an instant mortgage offset. 2 homes for 1 price. The cottage is currently vacant allowing a new owner complete flexibility. Utilities are metered separately to easily manage tenant utility costs. Updates include a larger bath with walk-in shower & new heating system. A comfortable floorplan & easy one-level living for guests or tenants. Enter the main house through the covered front porch or back deck, complete with retractable awning & kitchen access. Craftsmanship shines throughout the living space. Added contemporary full bath, walk in shower, large walk-in closet, bedroom & storage upstairs. A finished lower level: bonus space for recreation, hobbies or storage, gas fireplace & laundry. New water heater & 3-year-old furnace. The parcel contains 5 city lots, parking for 3 vehicles, room for expansion or a garage, large storage shed & public sanitary sewer system. Enjoy the peace of Knife River, the proximity to the Lake, Two Harbors & Duluth & the rare financial freedom this dual-property provides. Pre-inspection available.

    Listing

    Contingency: None
    Price per sq ft: $187
    City: Knife River
    County: Lake
    State: MN
    Property Style: 2 Stories
    Zip Code: 55609
    Subdivision Name: Townsite/Knife River

    Interior

    Living Area: 1,982 ft2
    Common Wall: No
    Basement Details: Full

    Exterior

    Stories: Two
    Garage Spaces: 0
    Garage Dimensions: 0
    Garage Door Height: 0
    Garage Door Width: 0
    Air Conditioning: None
    Foundation Size: 1,982 ft2
    Foundation Dimensions: 52 x 22, 6 x 26
    Handicap Accessible: None
    Out Buildings: Guest House, Storage Shed
    Heating System: Forced Air
    Parking Features: Asphalt
    Unit Amenities:
    • Deck
    • Natural Woodwork
    • Porch
    • Walk-In Closet

    Rooms

    1/4 Baths: None
    Full Baths: 1
    Half Baths: None
    3/4 Baths: 1
    Bathroom Details: Main Floor Full Bath
    Dining/Kitchen: Eat In Kitchen
    Upper Level Size Sq Ft
    Bedroom 3  22.8 x 19.8  418 
    Main Level Size Sq Ft
    Bedroom  9.9 x 10.2  90 
    Kitchen  11.10 x 16.10  176 
    Living Room  21.5 x 21  441 
    Other  9.6 x 5.9  45 
    Other  11.2 x 13.4  143 
    Other  7.8 x 10.3  70 
    Other  19.2 x 7.6  133 
    Bedroom 2  10.9 x 7.4  70 
    Lower Level Size Sq Ft
    Family Room  21.5 x 27.4  567 

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.387
    Geolocation: 46.950978, -91.783886
    Lot Dimensions: 125 x 135
    Zoning: Residential-Single Family

    Schools

    School District: 381
    District Phone: 2188348216

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $1,070
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $1,070
    Association Fee Required: No
    Association Fee: None

    Miscellaneous

    Fuel System: Propane
    Sewer System: City Sewer/Connected
    Water System: Drilled
    Power Company Name: Co-op Power & Light

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    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
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    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.