1311 Summit Avenue, Detroit Lakes MN 56501 - Photo 1 of 76

1311 Summit Avenue, Detroit Lakes, MN 56501

11 Beds | 7 Baths | 6,892 Sq Ft | Multi-Family | MLS# 7082979

$950,000

Est. $4,804/mo principal & interest (6.5% rate, 20% down, 30-yr) · Can I afford this home?

Detroit Lakes, MN Active

Located in Iversons Add, Detroit Lakes, MN.

About This Home

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.

Key Features

Property Type
Fourplex
Year Built
1949
Above Grade
5,892 sq ft
Below Grade
1,000 sq ft
Lot Size
0.43 acres
Lot Features
Tree Coverage - Medium
Garage
2-car (Detached Garage, Concrete)
Heating
Baseboard, Forced Air, Fireplace(s)
Basement
Yes
Sewer
City Sewer/Connected
Water
City Water/Connected
Annual Taxes
$8,584
School District
Detroit Lakes
County
Becker
Days on Market
56

1311 Summit Avenue is listed in Detroit Lakes, MN, part of Becker. Browse all Minnesota homes for sale on Modern Market REALTORS®.

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MLS# 7082979

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Frequently Asked Questions About 1311 Summit Avenue

Is $950,000 a good price for a home in Detroit Lakes?
At $138/sqft, this home is priced significantly below the Detroit Lakes median of $253/sqft (45% lower), according to our BuyPulse comparison of comparable active listings. Browse Detroit Lakes homes for sale to compare.
Does 1311 Summit Avenue have a basement?
Yes, 1311 Summit Avenue has a basement with 1,000 sq ft of below-grade space.
What type of heating and cooling does 1311 Summit Avenue have?
1311 Summit Avenue has Baseboard, Forced Air, Fireplace(s) heating.
Where is 1311 Summit Avenue located?
1311 Summit Avenue is in the Iversons neighborhood of Detroit Lakes, MN 56501, in Becker County. It's in the Detroit Lakes school district, with Detroit Lakes High School as the assigned high school.
When was 1311 Summit Avenue built?
1311 Summit Avenue was built in 1949. It features frame construction, an asphalt roof, and a poured concrete foundation.