231 Marvin Elwood Road Monticello, MN ^$ 330,000

231 Marvin Elwood Road

^$ 330,000

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231 Marvin Elwood Road

Monticello, MN, 55362

^$ 330,000

Bedrooms4 Baths2.0 Sq 1,752

Monthly Estimate*

^$ 2,279

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Multi-Family Home for sale in Monticello, MN

for $330,000 with 4 bedrooms and 2 full baths. This 1,752 square foot home was built in 1986 on a lot size of 0.309894.

Well kept side by side, one level duplex on a very nice corner lot. Unit 231 us currently occupied and unit 233 is now vacant. Unit 233 does have a deck, partially fenced in back yard with a shed and fire pit area. Unit 231 has a side deck with a shed in the backyard. Financial remarks are provided by the seller. Dimensions have been taken off of the original blueprints and the plan is available upon request.

Multi-Family Coming Soon

Price

^$ 330,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 3,580

Style

Duplex Side by Side

Lot Size

0.309894

Year Built

1986

Town/City

Monticello

County/Region

Wright

MLS | Web ID

7158742

Features

General

Living Area 1752

Sewer City Sewer/Connected

Heating Forced Air

Roof Age 8 Years or Less Architectural Shingle Asphalt

Garage Spaces 2

Pool Features None

Construction Materials Frame

Year Built 1986

Electric 100 Amp Service

Tenant Pays All Utilities Cable TV Electricity Gas Grounds Care Heat Lawn Care Telephone Security Trash Collection Water

Topography Level

Levels One

Property Subtype Duplex Side by Side

Tax Year 2026

Gross Income 21000

Accessibility None

County Wright

Net Operating Income 21100

Operating Expense 835143

Insurance Expense 2410.89

New Construction N

Property Type Residential Income

Association Amenities None

Contingency None

MaintenanceExpense 425

Subdivision Name The Meadows

Directions I 94 to north on 25 to County Rd 75/Broadway St then West/Left on W River street to west/Left on Marvin Elwood Rd to property

City Monticello

High School District Monticello

Zoning Description Residential-Multi-Family Residential-Single Family

Number Of Units Total 2

Lot Size Units Square Feet

Land Lease Y/N N

Tax Annual Amount 3580

Electric Expense 648

Fuel Expense 511

Trash Expense 1032

Water Sewer Expense 1032

Additional Parcels Y/N N

Standard Status Coming Soon

Lender Owned No

Interior

Basement None

Basement (Y/N) N

Above Grade Finished Area 1752

Laundry Features Electric Dryer Hookup Laundry Room Main Level Sink Washer Hookup

Total Bedrooms 4

Below Grade Finished Area 0

Total Baths 2

Fuel Natural Gas

Garage Dimensions 28x24

Garage Door Width 7

Garage Square Feet 672

Exterior

Fencing Chain Link Partial

Parking Features Attached Garage Concrete Electric Garage Door Opener

Lot Features Corner Lot Tree Coverage - Medium Underground Utilities

Water Source City Water/Connected

Lot Size Area 13499

Building Area Total 1752

Lot Dimensions 100-135

Waterfront Y/N N

Foundation Area 1752

Road Frontage Type City Street Curbs Paved Streets Storm Sewer

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 231

* Excluded Features

List By

Edina Realty, Inc.

Broker

brucemcalpin@aol.com

Affordability Calculator

$2,578

Per Month

Monthly Principal & Interest: $2,279
Monthly Property Taxes: $298
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Monticello, MN

Average List Price ^$310,000

Percent of Sale Price 6%

About Monticello, MN

13,187 Population

48% Since 2002

^$69,154 Median Income

35.36 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708360 Elementary School

708347 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/12/2026	$330,000		Listed Price

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231 Marvin Elwood Road, Monticello, MN, 55362 is a Multi-Family Home for sale at $330,000 with 1,752 sqft and a lot size of 0.309894. 231 Marvin Elwood Road has 4 bedrooms, 2.0 baths, and was built in 1986. The property's zip code is 55362 which is in Monticello, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is 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.

Data is updated as of 10/15/2026.

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231 Marvin Elwood Road

Multi-Family Home for sale in Monticello, MN

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