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242 Basil Street , Taylors Falls, MN 55084

Sold: 975000
Sold on: Feb 23rd, 2026
Sold: 975000
Sold on: Feb 23rd, 2026
MLS#6790333
STATUSClosed PROPERTY TYPECommercial - Business SUBDIVISIONTaylors Falls SCHOOLChisago Lakes


Property Description

Croixview Apartments is a very unique opportunity to acquire an 8-unit apartment asset situated in the scenic St.Croix river bluffs in Taylors Falls, MN. You can not beat the location and privacy sitting on 1.34 acres of land. All the units are two-bedroom, one full bathroom, with approximately 880 SqFt. The tenants pay for their unit electric which covers lights, baseboard heating, appliances, water heaters, and wall air conditioners. Owners pay for common area electric, water and sewer, and trash. The upper pitched part of the roof was replaced. The four apartments on the riverside either have a patio or balcony. There is plenty of off-street parking and a detached four-car garage for extra income. The residents enjoy having on-site coin operated washer and dryer location on the main floor. Average in place rent is $941.87. The building was constructed in 1980 and is currently 100% occupied! Ready for a new owner to take over and make their own!!

Property Features

Cooling: Wall Unit(s)
Days on Market: 159
Fuel Type: Electric
Garage: 4
Heating: Baseboard
Lot Size: 1.34 Acres
Roof Type: Age 8 Years or Less, Asphalt
Stories: 2.0
Taxes: $12,782
Year Built: 1980

Feature Descriptions

Appliances: Range, Refrigerator
Basement: None
Current Use: Residential
Exterior: Frame
Foundation Size: 4025
Lot Dimensions: 300 x 200
Owners Expense: Grounds Care, Repairs, Trash Collection, Water
Parcel#: 200026700
Parking: Gravel, Paved Lot
Sale Includes: Building, Inventory, Land, Leases
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Heat
Units: 8
Utilities: Electric Separate, Heating Separate, Hot Water Separate
Water: City Water/Connected

Local Schools

School District: Chisago Lakes

Listed By / Sold By

Listed By

Agency Name: Apartment Cash Flow, Inc.
Agency Phone: 651-263-3653

Shown By

Agency Title: LeBlanc Realty
Agency Phone: 218-281-7451

Sold By

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