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7 Beds
4 Baths
4,733 sqft

$200,000

516 7th Avenue, Big Falls MN, 56649

Price per sqft$42.26
Built in1910
Property size4,733 sqft
Property typeMulti-family
Courtesy of eXp Realty, Jennifer M. Giovinazzo Listing Contact:

Overview

Active

Listed Oct 15, 2026

Updated 1h ago

Strong income-producing opportunity featuring a 4-unit multifamily building plus a separate 3-bedroom, 1.5-bath single-family home—all being sold together. With 4 of the 5 total units currently rented and vacant unit #1 undergoing renovations, this property offers immediate cash flow with additional upside upon completion. Originally a church with a pastor’s residence, the main building was converted into four rental units while still showcasing unique architectural character. The unfinished third level with vaulted ceilings provides excellent potential for additional unit(s), expanded living space, or increased rental income. The accompanying single-family home adds flexibility for owner-occupancy, additional rental revenue, or on-site management. Ideal for investors or house hackers looking to expand their portfolio with a versatile multi-unit property offering multiple income streams, value-add potential, and long-term growth. Owner is a licensed real estate agent in the state of Minnesota.

$1,331/mo

Est. mortgage payment based on a $200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7160877

Interior Features

Bedrooms
7
Bathrooms
4
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.23 Acres

Other Property Details

Taxes
$1,576
Tax Frequency
Annually
Garage
Yes
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Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jim Schwarz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 6:12 AM UTC on 10/17/2026. 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.

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