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27 2nd Ave

Elbow Lake, MN 56531

2 bd 1 ba 672 sqft Built 1935 Lot 5,053 sqft single_family
Most recent sale
$90,000
Aug 7, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
May 24, 2024 Sold $86,000 NorthstarMLS
Mar 19, 2024 Listed $99,900 NorthstarMLS
Mar 12, 2024 Listing removed NorthstarMLS
Feb 28, 2024 Listed $109,900 NorthstarMLS
Aug 7, 2023 Sold $90,000 NorthstarMLS
Jun 14, 2023 Listed $75,000 NorthstarMLS
Apr 17, 2000 Sold $27,000 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2022 $28,500 $848
2021 $26,820 $850
2020 $26,400 $848
2019 $23,520 $838
2018 $21,960 $778
2017 $21,900 $808
2016 $21,000 $764
2015 $20,600 $776
2014 $20,500 $744
2013 $21,800 $820
2011 $34,700 $2,000 $36,700 $914

Property facts

Year built
1935
Property type
single_family
Stories
1
Beds
2
Baths
1
Living area
672 sqft
Lot size
5,053 sqft
ZIP code
56531
City
Elbow Lake
Street
2nd Ave
Coordinates
45.99334, -95.97947

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
$1,008
Gross rental yield
13.44%
Implied cap rate
8.74%
Trend-extrapolated value

Frequently asked questions

When did 27 2nd Ave last sell?
27 2nd Ave most recently sold on Aug 7, 2023 for $90,000.
What is the current tax assessment for 27 2nd Ave?
The most recent total assessment for 27 2nd Ave (year 2022) is $28,500 with $848 in property tax.
How does 27 2nd Ave's assessment compare to its last sale price?
The current assessment is 68.3% below the last sale price of $90,000.
When was 27 2nd Ave built?
27 2nd Ave was built in 1935.
How does 27 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 27 2nd Ave?
27 2nd Ave is a 2 bed, 1 bath, 672 sqft, 5,053 sqft lot single_family.
Is 27 2nd Ave a flip candidate?
No — 27 2nd Ave does not appear in our flips dataset.
Is 27 2nd Ave a tax-appeal candidate?
No — 27 2nd Ave is not currently flagged as a tax-appeal candidate.

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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