220 Maple Avenue SW, Elysian, MN 56028 (MLS# 7046788)

220 Maple Avenue SW, Elysian, MN 56028

$2,400,000
Property Type: Multi-Family Bedrooms: 5 Baths: 3 Square Footage: 17,280 Lot Size (sq. ft.): 93,654 Status: Active
Current Price: $2,400,000 List Date: 4/01/2026 Last Modified: 6/26/2026

Overview

Description

Rare opportunity to acquire a fully stabilized, newer-construction 16-unit portfolio delivering immediate cash flow and long-term upside. Built in 2021/2022, this package includes four 4-plexes (two two-story, one single-level, one bi-level) strategically positioned on 2.15 acres. This is true turnkey investing—all 16 units are fully leased with a proven rental history, minimizing lease-up risk and operational uncertainty from day one. Units are designed for durability and tenant retention, featuring modern, low-maintenance finishes including LVP flooring, stainless appliances, spacious kitchens with islands, in-unit laundry, and separate HVAC systems. Private patios/decks, strong natural light, and ample off-street parking enhance tenant appeal and support consistent occupancy. Investment Highlights: 17,208 finished sq ft, 16 units, 36 bedrooms, 20 bathrooms, Gross annual income: $243,000, Operating expenses: $61,692 Strong in-place cash flow with efficient expense ratio. Newer c ...

Listing Details MLS# 7046788

General Property Information

Lot Measurement
Acres
Multiple PIDs?
Yes
Owner Occupied
No
Waterfront YN
No
Year Built
2021
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
17280
Above Ground SqFt
17280
Total SqFt
17280
Foundation Size
11552
Style
(MF) Four Plex
Total Finished Sqft
17280.00
Lot Dimensions
2.15
Acres
2.15
Assessment Pending
Yes

Property Features

Accessible: Doors 36"+; Other Basement: None Construction Materials: Frame Construction Status: Previously Owned Electric: 100 Amp Service; Circuit Breakers Exterior: Brick/Stone; Vinyl Foundation: Slab Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Laundry: Electric Dryer Hookup; In Unit; Laundry Closet; Washer Hookup Lock Box Type: None Lot Description: Corner Lot; Underground Utilities Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Lawn; Maintenance/Repair; Repairs; Snow Removal; Taxes; Trash Collection Parking Characteristics: Parking Lot; Paved Lot Rental License Type: Standard Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: All Utilities; Cable TV; Electricity; Gas; Heat; Telephone; Water Unit 1 Amenities: Open Floor Plan; Cable; Ceiling Fan(s); Kitchen Center Island; Natural Woodwork; Patio; Washer/Dryer Hookup Unit 1 Appliances: Stainless Steel Appliances; Air-to-Air Exchanger; Dishwasher; Microwave; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Kitchen/Dining Room Unit 1 Special Search: Main Floor Bedroom; 2nd Floor Laundry; Main Floor Laundry; Main Floor Primary Unit 2 Amenities: Open Floor Plan; Walk-In Closet; Ceiling Fan(s); Kitchen Center Island; Kitchen Window; Main Floor Primary Bedroom; Paneled Doors; Patio; Primary Bedroom Walk-in Closet; Washer/Dryer Hookup Unit 2 Appliances: Stainless Steel Appliances; Air-to-Air Exchanger; Dishwasher; Dryer; Microwave; Range; Refrigerator Unit 2 Bath Description: Bathroom Ensuite; Full Primary; Main Floor Full Bath; Private Primary Unit 2 Cooling: Central Unit 2 Dining Room Description: Eat In Kitchen Unit 2 Special Search: Main Floor Bedroom; Primary Bdr Suite; 3 BR on One Level; Main Floor Laundry; Main Floor Primary Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
2400000
ListPrice
2400000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
220
Street Name
Maple
Street Suffix
Avenue
Street Direction Suffix
SW
Postal City
Elysian
County
Le Sueur
State
MN
Zip Code
56028
Complex/Dev/Subdivision
Hidden Meadows

Additional Parcels Information

Property ID #2
164260020
Property ID #3
164260010

Assessments

Assessment Balance
7386
Tax With Assessments
32158

More Information

Basement

Foundation Dimensions
0x0

Building Information

Finished SqFt Above Ground
17280

Income and Expenses

Annual Electric Expense
2972
Annual Gross Expenses
61692
Annual Gross Income
243000
Annual Insurance Expense
14001
Annual Maintenance Expense
904
Annual Trash Expense
4882
Total Annual Expenses
61692

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
RASM

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
0x0

Unit 1

Furnished?
No
Leased?
Yes
Unit Number
Yes
Annual Rent
13820
Finished SqFt
900
Full Baths
Yes
Monthly Rent
1150
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit 2

Furnished?
No
Leased?
Yes
Level
Main Level
Unit Number
2
# of Fireplaces
Yes
Annual Rent
77400
Finished SqFt
1404
Full Baths
2
Monthly Rent
1650
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
3
Total Rooms
9

Unit Details

Total Units
4

Documents

IDX
Listing Office: RE/MAX Advantage Plus
Last Updated: June - 26 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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