$1,958 Closing Credit¹
#6676249, Listing Office: Lakes Family Real Estate/Otter Tail Real Estate
$138,000 List price
540 W Stanton Ave Fergus Falls, MN 56537
$1,639
Closing credit¹
3 beds
2 baths
2,361 sqft
0.3 acres
$58 / sqft
Multi-Family
Property details
About 540 W Stanton Ave
Looking for an opportunity to enter the realm of real estate investment or to expand your rental portfolio? This 2-unit residential unit offers potential for significant ROI for someone handy in the skills of maintenance and repair. Main floor 1BR/1BA apartment and 2BR/2BA upper floor apartment. Potential to add studio type apartment in lower level. With diligence, patience, and a strategic approach, investing in this low-cost property can be the first step towards building a successful real estate portfolio. Home priced to sell in as-is condition. Seller has paid in-full the special assessment for the current street reconstruction.
Highlights
Home typeMulti Family
HeatingSteam
StatusActive
Size2,361 sqft
Lot size0.29 Acres
Year built1913
ParkingParking Lot, Driveway - Gravel
MLS #6558612
Garage1 space
Summary
- MLS Number: 6558612
- MLS Name: FMR
- Office Name: Trilogy Real Estate
- Office Phone: (701) 261-0279
- Office Email: thalvo2814@gmail.com
- Listing Agent: Brian Tjaden
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity program of the RMLS. Real estate listings other than this broker are marked with the Broker Reciprocity logo and the view of detailed information about them includes the name of the listing broker. Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All property listing data is Copyright 2001-2025 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS® RMLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/1/2024, 10:10:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$138,000
540 W Stanton Ave
$1,639
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 | $147,900 | $856 |
| 2023 | $70,900 | $936 |
| 2021 | $70,900 | $904 |
| 2020 | $60,700 | $888 |
| 2019 | $57,800 | $894 |
| 2018 | $57,800 | $1,056 |
| 2017 | $51,200 | $916 |
History based on county public records data.
Nearby schools
8
Cleveland Elementary School
Public District 2-4
1.0 mi
•919 Northern Ave
7
Underwood Elementary School
Public District PK-6
10.1 mi
•100 Southern Ave E
4
Rothsay Elementary School
Public District PK-6
16.8 mi
•2040 County Road 52
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 $43,672. The most common annual income of people living in Fergus Falls, MN is less than $<35k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
44%
<35k
37%
35k-100k
15%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
46%
Single, No Kids
7%
Single, with Kids
31%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
6%
12-17 yrs old
21%
18-34 yrs old
40%
35-64 yrs old
18%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
Extreme Sports
Where do the neighbors shop?
Kmart
Family Dollar
Academy Sports & Outdoors
Where do the neighbors go to eat?
Bob Evans
Dominos Pizza
Little Caesars
What do the neighbors drive?
Buick
Ford
Chevrolet
What do the neighbors listen to?
Oldies
New Country
Country
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 540 W Stanton Ave in Fergus Falls, MN and zip code 56537. This 2,361 square foot home, which was built in 1913, sits on a 0.29 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $138,000.
In February 2025 more than 1 listings in Fergus Falls, MN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 4 were sold below. In February 2025 in Fergus Falls, MN there were 14.5% more homes for sale than in January. In February 2025 median list price was $236,500 and the average listing age was 59 days.
From Rocket Homes Real Estate and based on county public records data.