1311 Summit Avenue Detroit Lakes, MN 56501

$950,000
Active
estimated monthly payment
11 Beds  |  7 Baths  |  6,892 Sq Ft  |  Fourplex  |  MLS # 7082979
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About The Listing

This one-of-a-kind 4-plex is perfectly situated within the 1st block of the Detroit Lake City Beach and The Heartland State Trail, directly across the street from People’s Park and just up the street from Zorbaz, not to mention Kent Freeman Arena, The Becker County Fairgrounds, MN Flyers Gymnastics, and more — offering unbeatable convenience and appeal for tenants. Extensive renovations have been completed on multiple units in recent years, featuring modern appliances, updated flooring, kitchen remodels, bathroom updates, new lighting, and thoughtful insulation improvements. The property continues to benefit from strong rental performance and has established itself as a reliable source of income. The 5-bed/3-bath unit is fully furnished and turnkey for immediate occupancy. The 2-bed unit will be vacant and available at the end of the month. Whether you’re an investor looking for steady cash flow or someone seeking to live in a unique multi-family property with strong upside and increasing value in a high-demand area for future development, this is truly a standout opportunity.


Listing courtesy of Christopher Howard Nord, The Real Estate Company of Detroit Lakes
Purchase Price
Loan Type
Down Payment
Interest Rate
Estimated Property Taxes
Homeowner's Insurance
HOA Dues
Private Mortgage Insurance
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1949
MLS #: 7082979
Bedrooms: 11
Square Feet: 6,892
Price Per Square Foot: $138
Garage Spaces: 2
Parking Description: Detached Garage, Concrete
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Baseboard, Forced Air, Fireplace(s)
Basement: Partial, Partially Finished
Foundation Type: Poured Concrete
Construction Description: Frame
Roof Description: Asphalt
Days On Market (Continuous): 0
Disability Features: None
Latest Update: 05/30/2026
List Date: 05/29/2026
Listing Agent ID: 498000463
Listing Office: The Real Estate Company of Detroit Lakes
Listing Office ID: 49819
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Laundry Features: In Unit
Exterior Features: Steel Siding
Fence: Partial, Vinyl
Lot Dimensions: 150x125
Lot Size: 0.43 Acres
Lot Features: Tree Coverage - Medium
School District: Detroit Lakes
Tax Year: 2025
Estimated Taxes: $8,584
Contingency Type: None
City: Detroit Lakes
Zip: 56501
County: Becker
Subdivision: Iversons Add
State: MN
Listing last updated: 05/30/26

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