# 1202 Elm Street, Alexandria, MN 56308 > **TL;DR:** 5bd/3ba multi-family, $220,000 ($101/sqft), built 1900, 2,168 sqft. > 2-car garage. Est. $1,176/mo. Listed 19 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $220,000 | | Price/sqft | $101 | | Bedrooms | 5 | | Bathrooms | 3 full | | Square Feet | 2,168 | | Year Built | 1900 | | Lot Size | 14,201 sqft (0.33 acres) | | Garage | 2-car | | Property Type | Multi-Family (Triplex) | | Status | Active | | Days on Market | 19 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $1,112 | | Estimated Insurance | $64 | | **Total** | **$1,176** | ## Key Amenities - 2-car garage ## Property Highlights - Built in 1900 - 0.33 acre lot ## Description ### Agent Description Income-Producing Investment Property | 3 Units | Detached 2-Stall Garage Investors, take note! This unique property offers three existing rental units, a detached two-stall garage (garage not currently rented), and a large, level corner lot with additional income potential. Currently generating $31,800 in annual gross income with reported annual expenses of $10,559, the property produces an estimated annual net income of $21,241. Originally built as a single-family home, the property has been converted into three separate rental units. The original interior staircase remains intact, with doorways currently separating the units, offering the potential to explore a conversion back to a single-family residence, subject to applicable requirements. The exterior is in good condition, while the interior offers an opportunity for updates and improvements to enhance the property's value and rental potential. Buyers should anticipate interior work, including flooring updates and possible plumbing-related repairs. With established rental income, a detached two-stall garage, and a spacious corner lot, this property offers multiple possibilities for investors looking to expand their portfolio or buyers seeking a property with flexibility and long-term potential. Explore the possibilities and make this investment your own! Offered at $220,000. ## Location - **Address:** 1202 Elm Street, Alexandria, MN 56308 - **County:** Douglas - **Neighborhood:** Hicks 3rd Add - **Coordinates:** 45.878747, -95.381229 - **Google Maps:** https://www.google.com/maps?q=45.878747,-95.381229 ## Listing Agent - **Name:** Sammi Lindemann - **Brokerage:** Central MN Realty - **Broker Phone:** (320) 420-1295 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1202-Elm-St_Alexandria_MN_56308_M80240-89657?f=listhub&s=RMLSMN&m=7157891&c=propsimple) ## Photos ![1202 Elm Street - Photo 1](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f1734024693r.jpg) ![1202 Elm Street - Photo 2](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f1253575288r.jpg) ![1202 Elm Street - Photo 3](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f2471872907r.jpg) ![1202 Elm Street - Photo 4](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f268781411r.jpg) ![1202 Elm Street - Photo 5](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f1240161431r.jpg) ![1202 Elm Street - Photo 6](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f3613416252r.jpg) ![1202 Elm Street - Photo 7](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f84795663r.jpg) ![1202 Elm Street - Photo 8](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f3999059438r.jpg) ![1202 Elm Street - Photo 9](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f3543194735r.jpg) ![1202 Elm Street - Photo 10](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f2586590666r.jpg) ![1202 Elm Street - Photo 11](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f26349513r.jpg) ![1202 Elm Street - Photo 12](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f701207998r.jpg) ![1202 Elm Street - Photo 13](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f726245405r.jpg) ![1202 Elm Street - Photo 14](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f293152614r.jpg) ![1202 Elm Street - Photo 15](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f2001679275r.jpg) ![1202 Elm Street - Photo 16](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f682889975r.jpg) ![1202 Elm Street - Photo 17](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f872888080r.jpg) ![1202 Elm Street - Photo 18](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f3176576891r.jpg) ![1202 Elm Street - Photo 19](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f459493900r.jpg) ![1202 Elm Street - Photo 20](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f3662849760r.jpg) ![1202 Elm Street - Photo 21](http://lh.rdcpix.com/935f639dadd927317a6ffc397e8a318bl-f1231683903r.jpg) --- **MLS#:** 7157891 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/1202-elm-street-alexandria-mn-56308-771dbcd2777e42e68c8387f2aca49227) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1202-elm-street-alexandria-mn-56308-771dbcd2777e42e68c8387f2aca49227#listing", "url": "https://staging.propertysimple.ai/listing/1202-elm-street-alexandria-mn-56308-771dbcd2777e42e68c8387f2aca49227", "name": "1202 Elm Street, Alexandria, MN 56308", "description": "Income-Producing Investment Property | 3 Units | Detached 2-Stall Garage Investors, take note! This unique property offers three existing rental units, a detached two-stall garage (garage not currently rented), and a large, level corner lot with additional income potential. Currently generating $31,800 in annual gross income with reported annual expenses of $10,559, the property produces an estimated annual net income of $21,241. Originally built as a single-family home, the property has been converted into three separate rental units. The original interior staircase remains intact, with doorways currently separating the units, offering the potential to explore a conversion back to a single-family residence, subject to applicable requirements. The exterior is in good condition, while the interior offers an opportunity for updates and improvements to enhance the property's value and rental potential. Buyers should anticipate interior work, including flooring updates and possible plumbing-related repairs. With established rental income, a detached two-stall garage, and a spacious corner lot, this property offers multiple possibilities for investors looking to expand their portfolio or buyers seeking a property with flexibility and long-term potential. Explore the possibilities and make this investment your own! 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