Courtesy: RE/MAX Results
715-273-4077
Turnkey 5-Unit Investment Opportunity in Red Wing Fully leased 5-plex in a desirable, walkable historic neighborhood just minutes from downtown and the Mississippi River. Property features 4 one-bedroom units and 1 studio, generating $5,075/month in gross rental income with continued upside potential. Recent improvements include updated interiors, flooring, paint, and major mechanicals: new boiler (2025), water heater (2020), and roof (2018)—helping minimize near-term capital expenses. Generous lot with on-site and street parking. Strong rental demand area with consistent occupancy—ideal for investors seeking a stable, income-producing asset with upside.
Courtesy: Coldwell Banker Nybo & Assoc
651-388-6756
Classic Charm & Character ! Greek Revival 2 1/2 Story Home. First Floor (Units B & C) renovated and separated into two exquisitely decorated units. Front Unit B has oak hardwood floors, original woodwork, with arches defining the rooms. Newer maple kitchen cabinets, Corian countertops with center island and stainless steel appliances. Open floor plan to the living room with an elegant marble fireplace and gas insert. Beautiful crystal chandeliers. Bowed dining alcove with windows to the ceiling for enhanced sunlight. Private bedroom with arched entry to separate sitting & tv room. Tiled floor 3/4 bath and laundry. Back Unit C has protected porch entry, newer flooring, countertops, appliances, fixtures, updated 3/4 bath and private bedroom. All main floor units have furniture and accessories that will stay. Upstairs Unit A-- with longtime renter has 2 Bedrooms, 1 Bath, views of the city and back deck. Large spacious backyard with 6 off street parking spaces. Property is great for an investor or purchase as a weekend home and have the other units pay for the mortgage. Outstanding location in the heart of Red Wing. Within walking distance to Mississippi River parks, boating, marinas, downtown shopping, restaurants, grocery, athletic facility, library, train depot, and art festivals. Simply the Best of small town Minnesota !!
Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, [email protected], 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067
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Red Wing is located in Minnesota. Red Wing, Minnesota has a population of 16,596. Red Wing is less family-centric than the surrounding county with 28.63% of the households containing married families with children. The county average for households married with children is 30.79%.
The median household income in Red Wing, Minnesota is $61,040. The median household income for the surrounding county is $71,414 compared to the national median of $69,021. The median age of people living in Red Wing is 42.5 years.
The average high temperature in July is 82.1 degrees, with an average low temperature in January of 4.9 degrees. The average rainfall is approximately 32.9 inches per year, with 42.6 inches of snow per year.
