541 5th Street SE, Deer River, MN 56636
2 Beds | 2 Baths | 1,176 Sq Ft | Single Family Home | MLS# 7101681
Is 541 5th Street SE a Good Deal?
BuyPulse Verdict
Excellent Value
At $118/sqft — This home is priced 58% below the typical Deer River single-family home of $280/sqft.
Powered by the Realgorithm™ — 28 active Deer River listings · NorthstarMLS
$892/month Estimated
- Principal & interest
- $703
- Property taxes
- $77
- Home insurance (est.)
- $81
- Special assessments
- $31
- HOA dues
- None
20% down ($27,800) · 30-yr fixed, 6.5% · Can I afford this home?
Includes special assessments — the FM-metro cost most portals leave out. Estimates only; confirm before you offer.
Located in Second Add To Itasca City, Deer River, MN.
About This Home
Fully renovated, fully furnished, and full of possibilities! This beautifully updated 2-bedroom, 2-bath home offers a flexible floor plan designed to fit a variety of needs. With kitchens and laundry on both the main and upper levels. There’s excellent potential to create separate living spaces, or explore a duplex conversion. Conveniently located just minutes from downtown Deer River, this move-in-ready property is perfect as a primary residence, vacation getaway, or investment opportunity. Don’t miss your chance to own a home where modern updates meet endless potential!
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $104K and $174K in Deer River:
- The field: 5 similar Deer River homes for sale — a short list right now.
Powered by the Realgorithm™ — real Deer River closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1879
- Above Grade
- 1,176 sq ft
- Lot Size
- 0.16 acres
- Heating
- Forced Air
- Cooling
- None
- Basement
- Yes
- Sewer
- City Sewer/Connected
- Water
- City Water/Connected
- Annual Taxes
- $924.4
- Special Assessments
- $370
- County
- Itasca
- Days on Market
- 57
541 5th Street SE is listed in Deer River, MN, part of Itasca County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 541 5th Street SE
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your Deer River real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by EDGE OF THE WILDERNESS REALTY · Shown by Modern Market REALTORS®
First-Time Home Buyer Guide for Fargo-Moorhead — ND/MN buyer programs, budgeting, and the 7-step process.
View Full Listing & PhotosMLS# 7101681 · Data refreshed August 7, 2026
Similar Homes for Sale Near 541 5th Street SE, Deer River, MN
Frequently Asked Questions About 541 5th Street SE
- Is $139,000 a good price for a home in Deer River?
- According to BuyPulse, 541 5th Street SE rates Excellent Value — at $118/sqft it's priced 58% below the typical Deer River single-family home of $280/sqft. Powered by the Realgorithm™. Browse Deer River homes for sale to compare.
- What are the special assessments at 541 5th Street SE — and what do they mean?
- This property has $370/yr in annual special assessments, with no specials pending. Special assessments are separate from property taxes — they are charges levied by the city for infrastructure improvements like streets, water, sewer, and sidewalks. Annual property taxes are $924.4/yr. Always factor both into your total monthly housing cost before making an offer.
- Does 541 5th Street SE have a basement?
- Yes, 541 5th Street SE has a basement.
- What type of heating and cooling does 541 5th Street SE have?
- 541 5th Street SE has Forced Air heating and None cooling.
- Where is 541 5th Street SE located?
- 541 5th Street SE is in the Second Add neighborhood of Deer River, MN 56636, in Itasca County.
- Is 541 5th Street SE still available?
- Yes — 541 5th Street SE is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 541 5th Street SE built?
- 541 5th Street SE was built in 1879. It features a block foundation.
- Does 541 5th Street SE have main-floor laundry?
- Yes — the laundry at 541 5th Street SE is on the main level.
- How many homes like 541 5th Street SE are for sale in Deer River?
- 5 similar homes (single-family homes between $104K and $174K in Deer River) are for sale right now — a short list right now.
- What does "BuyPulse" mean?
- BuyPulse is Modern Market REALTORS®’ live market-data brand for Fargo-Moorhead: cohort statistics — homes for sale, median days to pending, and share of sales closing at or over list price — computed from real NorthstarMLS closings, not estimates.
- What does "Realgorithm™" mean?
- The Realgorithm™ is Modern Market REALTORS®’ proprietary market-data engine — it computes every BuyPulse verdict from real NorthstarMLS closings (comparable active inventory, median days to pending, and sale-to-list price ratio) rather than an automated online estimate.
Local Companies to Help You Settle In
From inspection to closing to moving day, here are well-known local companies serving the Deer River area.