Property Listing
Description
Welcome to 501 Euclid Avenue! Discover a rare opportunity to own a unique multi-family property on the main street of Milroy, conveniently located across from the local gas station and fitness center. This property spans two parcels and features four rental units, including a stunning historic brick building—originally the city's bank—now transformed into a charming apartment complex with three distinct rental units. Originally renovated starting in 2010, the building received a new foundation and a durable flat rubber membrane roof before being fully converted into rental spaces (roof has been recoated in 2023 - ready for years to come!). It includes a one-bedroom apartment, a two-bedroom apartment, and a studio-style unit, all designed with high ceilings, open living spaces, and preserved architectural details that exude historic charm. The apartment building is fully electric, powered by an updated geothermal system for efficient heating and cooling. Energy-efficient windows were custom-designed to maintain the building’s original aesthetic while enhancing comfort. Additionally, the property includes a completely renovated trailer home (2023), adding even more investment potential. The property has been well-loved and meticulously maintained. Whether you're looking for a strong investment opportunity or a piece of local history, this property is a must-see!
Property Information
Status: Active
Sub Type: ********
List Price: $250,000
MLS#: 6577677
Current Price: $250,000
Address: 501 Euclid Avenue, Milroy, MN 56263
City: Milroy
State: MN
Postal Code: 56263
Geo Lat: 44.418874
Geo Lon: -95.553922
Subdivision:
County: Redwood
Property Description
Year Built: 1902
Lot Size SqFt: 3049.2
Gen Tax: 2154
Specials Inst: 136
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: ********
Style: ********
Total Bedrooms: 7
Total Bathrooms: 4
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: Building, Leases
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: