108 Cleveland Ave W Underwood, MN 56586
Property details
About 108 Cleveland Ave W
This well-maintained investment property offers strong cash flow, minimal upkeep, and a proven rental history. A fantastic opportunity for first-time investors or a valuable addition to any portfolio, the building features four fully occupied 2-bedroom, 1-bath apartments. Each unit includes a dedicated garage, with tenants covering electricity costs—including heat—for added efficiency. Additional amenities include a shared coin-operated laundry and expansive grounds for tenant enjoyment. Ideally situated just one block from an excellent school, this property provides quiet small-town living with easy access to city conveniences. A short drive connects residents to shopping, employment, and entertainment options, making this a highly desirable rental location.
Highlights
Summary
- Basement: Yes
- Garage Space: 4 spaces
- Attached Garage: No
- Parking: Detached
- Heating: Baseboard
- List Price: $275,000
- Price/SqFt: $79
- Annual Tax Amount: $2,870
- Tax Year: 2024
- Year Built: 1976
- Living Area: 3,456 SqFt
- MLS Number: 6713002
- MLS Name: NORTHSTAR
- Office Name: Trilogy Real Estate
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Last updated on: 5/5/2025, 7:22:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$275,000
108 Cleveland Ave W
$3,266
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $200,700 | $2,870 |
| 2023 | $194,700 | $3,024 |
| 2021 | $194,700 | $3,000 |
| 2020 | $175,000 | $2,976 |
| 2019 | $149,400 | $3,026 |
| 2018 | $149,400 | $2,624 |
| 2017 | $149,400 | $2,674 |
History based on county public records data.
Nearby schools
7
Underwood Elementary School
Public District PK-6
0.1 mi
•100 Southern Ave E
9
Battle Lake Elementary School
Public District KG-6
7.1 mi
•402 W Summit St
8
Cleveland Elementary School
Public District 2-4
9.6 mi
•919 Northern Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $54,561. Typical income of Underwood, MN residents is between $35k-100k annually. Most families are married, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
This home is located at 108 Cleveland Ave W in Underwood, MN and zip code 56586. This 3,456 square foot home was built in 1976. Features: 0 bathroom. It has been listed on Rocket Homes since May 1, 2025 and is currently priced at $275,000.
The number of listings in Underwood, MN increased by 27.3% between March and April 2025. In April 2025, listings were on the market for 75 days. During the same period, the median list price in this real estate market was $349,900.