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22 2nd Ave

Elbow Lake, MN 56531

1 bd 1 ba 784 sqft Built 1977 Lot 18,774 sqft single_family
Most recent sale
$44,000
Jul 15, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jul 15, 2022 Sold $44,000 MLS #6219740
Jun 15, 2022 Listed $49,900 MLS #6219740

Tax assessment history

YearBuildingLandTotal assessedTax paid
2026 $138,500 $21,600 $160,100 $2,846
2020 $25,260 $862
2019 $25,080 $850
2018 $22,320 $802
2017 $21,060 $836
2016 $21,180 $792
2015 $20,280 $804
2014 $19,900 $764
2013 $19,500 $798
2012 $19,500 $830
2011 $27,900 $8,100 $36,000 $948
2010 $27,900 $8,100 $36,000 $770
2009 $29,800 $8,100 $37,900 $868

Property facts

Year built
1977
Property type
single_family
Stories
1
Beds
1
Baths
1
Living area
784 sqft
Lot size
18,774 sqft
ZIP code
56531
City
Elbow Lake
Street
2nd Ave
Coordinates
45.99301, -95.98037

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$264
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value

Frequently asked questions

When did 22 2nd Ave last sell?
22 2nd Ave most recently sold on Jul 15, 2022 for $44,000.
What is the current tax assessment for 22 2nd Ave?
The most recent total assessment for 22 2nd Ave (year 2026) is $160,100 with $2,846 in property tax.
How does 22 2nd Ave's assessment compare to its last sale price?
The current assessment is 263.9% above the last sale price of $44,000.
When was 22 2nd Ave built?
22 2nd Ave was built in 1977.
How does 22 2nd Ave compare to others on 2nd Ave?
We track 8 other properties on 2nd Ave. Browse the list under "Other properties on 2nd Ave" to compare beds, baths, and sale history.
What are the property facts for 22 2nd Ave?
22 2nd Ave is a 1 bed, 1 bath, 784 sqft, 18,774 sqft lot single_family.
Is 22 2nd Ave a flip candidate?
No — 22 2nd Ave does not appear in our flips dataset.
Is 22 2nd Ave a tax-appeal candidate?
Yes — 22 2nd Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-4.3%
Implied 1-yr
-17.4%
2026 Q1
$108.6K
2026 Q2
$102K
ZIP 56531 — Median Price History + Forecast

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