215 5th Street

Montevideo, MN 56265

About this property

Welcome to a property with character and multi-dimensional opportunity. Like a diamond...beautiful from every side. A story to tell and value to appreciate! Approach this property from a variety of angles while savoring the story of one of the most historic homes in town. Built at the turn of the century, this home often served as a buzz of hospitality for political gatherings, hosting the likes of Hubert Humphrey and Eleanor Roosevelt. In the 30's, the 3rd story was added to rent rooms and mitigate effects of the depression. The rich woodwork and interior created the perfect ambience to host a wedding. The fireplace mantle still marks the spot where a candle burned a bit too long during the festivities. The house has transitioned from single family to multifamily under the tender care of a few owners over a century. Intentional and thorough screening of residents has ensured each apartment space is maintained well. One will notice great care was taken in transitioning some spaces to apartments by preserving original woodwork should anyone desire to take it back to single family living. Whichever way you approach it, this gem shines with authentic value. Multifamily cashflow? Have you dreamed of living in a historic home with rental income to help cover the costs? Perhaps you love the stories this historic home must tell. Envision additional income inviting others in as a historic bed and breakfast or short-term rental? The history and beauty offer natural curiosity to others. The nature-based playground and grand front porch allows adults and children to enjoy their own unique experience while the rental income provides fuel for the dream and owners living space. Interior photos and pro-forma available with signed NDA. Showings must be at least 24 hour notice.

About this property

Welcome to a property with character and multi-dimensional opportunity. Like a diamond...beautiful from every side. A story to tell and value to appreciate! Approach this property from a variety of angles while savoring the story of one of the most historic homes in town. Built at the turn of the century, this home often served as a buzz of hospitality for political gatherings, hosting the likes of Hubert Humphrey and Eleanor Roosevelt. In the 30's, the 3rd story was added to rent rooms and mitigate effects of the depression. The rich woodwork and interior created the perfect ambience to host a wedding. The fireplace mantle still marks the spot where a candle burned a bit too long during the festivities. The house has transitioned from single family to multifamily under the tender care of a few owners over a century. Intentional and thorough screening of residents has ensured each apartment space is maintained well. One will notice great care was taken in transitioning some spaces to apartments by preserving original woodwork should anyone desire to take it back to single family living. Whichever way you approach it, this gem shines with authentic value. Multifamily cashflow? Have you dreamed of living in a historic home with rental income to help cover the costs? Perhaps you love the stories this historic home must tell. Envision additional income inviting others in as a historic bed and breakfast or short-term rental? The history and beauty offer natural curiosity to others. The nature-based playground and grand front porch allows adults and children to enjoy their own unique experience while the rental income provides fuel for the dream and owners living space. Interior photos and pro-forma available with signed NDA. Showings must be at least 24 hour notice.

Features and Additional Information

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$950,000 Active
11 Bed(s)
9
Baths
6,291 sqft

Presented By Coldwell Banker Crown Park Rapids

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Get in touch today! Phone: 1-218-732-3381
Brokerage
Edina Realty
1-320-235-7887
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Area Information

| Chippewa County | Frinks 1st Add

$ 950,000
This listing is play_arrow 458.8% higher than the average in the area
$ 170,000 in the area
6,291 SqFt
This listing is play_arrow 165.9% larger than the average in the area
2,366 SqFt in the area
$ 151 $/SqFt
This listing is play_arrow 110.2% more than the average in the area
$ 72 $/SqFt in the area
176 days on site
This listing is play_arrow 158.8% above the average in the area
68 days on site in the area

Schools in the Area

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    Elementary School
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    Middle School
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    High School
    Montevideo

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Listed By Justin Paffrath
Brokerage: Edina Realty

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