48566 Lake Avenue, McGregor, MN 55760
3 Beds | 1 Bath | 1,598 Sq Ft | Single Family Home | MLS# 7096296
M Markdowns — Price Reduced — was $219,900 (↓ $10,000)
Is 48566 Lake Avenue a Good Deal?
BuyPulse Verdict
Excellent Value
At $131/sqft — This home is priced 55% below the typical McGregor single-family home of $293/sqft.
Powered by the Realgorithm™ — 32 active McGregor listings · NorthstarMLS
$1,259/month Estimated
- Principal & interest
- $1,061
- Property taxes
- $76
- Home insurance (est.)
- $122
- HOA dues
- None
20% down ($41,980) · 30-yr fixed, 6.5% · Can I afford this home?
Estimates only; confirm before you offer.
Located in Indian Portage, McGregor, MN.
About This Home
This year round 3 bedroom country home has a fresh complete remodel! The lucky new owner of this home will be get to enjoy a fresh new home, including new furnace, central A/C, windows, roof, sheetrock, flooring, appliances and soo much more. The home has a nice open floor plan on the main level with a lower level that boasts a 3rd bedroom, family room, 2 utility rooms and a huge Laundry that has room for quilting, hobby's, a bedroom or whatever your needs may be! The spacious kitchen offers tons of cabinet space and new stainless appliances, including Dish Washer and a Gas Range. Includes a lifetime dry basement warranty from Northern States Basement System of Duluth, MN!! You will love this properties excellent location, situated between Big Sandy Lake and Lake Minnewawa. You can enjoy public accesses to both these great lakes only blocks away. The home sits on 6 nicely wooded lots and would make a great year round home or cabin. Located close to many great area lakes, atv and snowmobile trails, Savanna State Park, Minnesota National Golf, supper clubs, public land for hunting and so much more. You can have everything this great northland has to offer right out your front door.
BuyPulse™ — Live Market Read
Homes like this one — single-family homes between $157K and $262K in McGregor:
- The field: 10 similar McGregor homes for sale — you have options.
Powered by the Realgorithm™ — real McGregor closings, zero guesses · NorthstarMLS
Key Features
- Property Type
- Single Family
- Year Built
- 1950
- Above Grade
- 916 sq ft
- Below Grade
- 682 sq ft
- Lot Size
- 0.75 acres
- Lot Features
- Tree Coverage - Medium
- Heating
- Forced Air
- Cooling
- Central Air
- Basement
- Finished
- Appliances
- Dishwasher, Fuel Tank - Rented, Gas Water Heater, Range, Refrigerator, Stainless Steel Appliances, Washer
- Sewer
- Mound Septic, Private Sewer, Septic System Compliant - Yes
- Water
- Private, Well
- Annual Taxes
- $912
- County
- Aitkin
- Days on Market
- 67
48566 Lake Avenue is listed in McGregor, MN, part of Aitkin County. Browse all Minnesota homes for sale on Modern Market REALTORS®.
Showing — 48566 Lake Avenue
Shannon Barnum
Associate Broker · Modern Market REALTORS®
Your McGregor real estate expert since 2012 — I represent you, not the seller. Quick to respond, easy to text.
Listed by Aspen 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# 7096296 · Data refreshed August 18, 2026
Similar Homes for Sale Near 48566 Lake Avenue, McGregor, MN
Frequently Asked Questions About 48566 Lake Avenue
- Is $209,900 a good price for a home in McGregor?
- According to BuyPulse, 48566 Lake Avenue rates Excellent Value — at $131/sqft it's priced 55% below the typical McGregor single-family home of $293/sqft. Powered by the Realgorithm™. Browse McGregor homes for sale to compare.
- Does 48566 Lake Avenue have a basement?
- Yes, 48566 Lake Avenue has a finished basement with 682 sq ft of below-grade space.
- What type of heating and cooling does 48566 Lake Avenue have?
- 48566 Lake Avenue has Forced Air heating and Central Air cooling.
- Where is 48566 Lake Avenue located?
- 48566 Lake Avenue is in the Indian Portage neighborhood of McGregor, MN 55760, in Aitkin County.
- Is 48566 Lake Avenue still available?
- Yes — 48566 Lake Avenue is currently listed as Active on the MLS and accepting showings. Contact us to schedule a tour or make an offer.
- When was 48566 Lake Avenue built?
- 48566 Lake Avenue was built in 1950. It features frame construction and a block, pillar/post/pier foundation.
- Does 48566 Lake Avenue have main-floor laundry?
- No — the laundry at 48566 Lake Avenue is in the lower level.
- How many homes like 48566 Lake Avenue are for sale in McGregor?
- 10 similar homes (single-family homes between $157K and $262K in McGregor) are for sale right now — you have options.
- What does "M Markdowns" mean?
- M Markdowns™ is Modern Market REALTORS®’ real estate tracker of homes for sale with verified MLS price reductions across the Fargo-Moorhead metro and Minnesota lake country. Every reduction is sourced directly from NorthstarMLS — minimum $2,000 drop to filter noise.
- 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 McGregor area.