12 Linney Street, Babbitt, MN 55706 (MLS# 7036812)

12 Linney Street, Babbitt, MN 55706

$425,000
Property Type: Multi-Family Bedrooms: 8 Baths: 4 Square Footage: 1,730 Lot Size (sq. ft.): 47,916 Status: Active
Current Price: $425,000 List Date: 3/14/2026 Last Modified: 8/20/2026

Overview

Description

Outstanding multi-family opportunity in the heart of Babbitt! This well-maintained 4-plex offers the perfect setup for both investors and owner-occupants. Live comfortably in the spacious owner’s unit while rental income from the additional units and detached garages helps offset your monthly mortgage expenses, or maximize the property as a full income-producing investment. The property has seen numerous recent improvements, including new roofs on both buildings, updated siding, and fresh exterior paint, providing peace of mind for years to come. Tenants enjoy access to a shared laundry area, while the owner’s unit features private laundry and a cozy gas fireplace that adds warmth and character to the space. Additional upgrades include newer windows and other key updates throughout the property. Conveniently located near lakes, parks, snowmobile and ATV trails, and endless outdoor recreation, this property combines strong rental potential with a desirable northern Minnesota locat ...

Listing Details MLS# 7036812

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
Yes
Waterfront YN
No
Year Built
1977
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1730
Above Ground SqFt
1730
Total SqFt
1730
Foundation Size
1730
Style
(MF) Four Plex
Total Finished Sqft
3460.00
Garage Stalls
12
Lot Dimensions
200x188
Acres
1.1
Assessment Pending
Yes
Below Grd Total SqFt
0

Property Features

Accessible: Other Amenities Shared: Coin-op Laundry Owned; Deck Basement: None Construction Materials: Block; Concrete; Frame Construction Status: Previously Owned Electric: 200+ Amp Service Existing Financing: Conventional Exterior: Cement Board; Vinyl Fencing: None Foundation: Concrete Block Fuel: Electric; Propane Heating: Forced Air Laundry: Lower Level; Main Level Lot Description: Corner Lot Owner Pays: Exterior Maintenance; HVAC Maintenance; Lawn; Maintenance/Repair; Snow Removal Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Tenant Pays: All Utilities Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
449000
ListPrice
425000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
12
Street Name
Linney
Street Suffix
Street
Postal City
Babbitt
County
St. Louis
State
MN
Zip Code
55706
Complex/Dev/Subdivision
Babbitt Lands In The City

Assessments

Assessment Balance
240
Tax With Assessments
4530

Basement

Foundation Dimensions
1730
None
Yes

More Information

Building Information

Finished SqFt Above Ground
3460

Income and Expenses

Annual Gross Income
4747
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0
Annual Gross Expenses
0
Annual Insurance Expense
0
Annual Maintenance Expense
0
Annual Repair Expense
0
Annual Trash Expense
0
Annual Water/Sewer Expense
0
Total Annual Expenses
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
3552

Public Survey Info

Range#
13
Section#
Yes
Township#
60

Unit 1

Furnished?
No
Leased?
Yes
Unit Number
Yes
Full Baths
Yes
Monthly Rent
850
No. of Units Like This
4
Total Baths
Yes
Total Bedrooms
2
Total Rooms
5

Unit Details

Total Units
4

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
PART OF LOT 3 BEG AT INTERSECTION OF WLY R/W OF BUTTERNUT ST & THE SLY R/W OF NORTH DRIVE, THENCE SLY ALONG WLY R/W OF BUTTERNUT ST 200 FT, THENCE S 81DEG 23 MIN W 256.07 FT THENCE NO 0 DEG 46 MIN E 200 FT TO SLY R/W OF NORTH DRIVE THENCE ELY ALONG SLY R/W TO PT OF BEG.
Listing City
Babbitt
Map Page
999
Municipality
Babbitt
School District
St. Louis County
School District Phone
218-749-8130
Property ID Number
105008000054
Tax Year
2026
Tax Amount
4290
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Outstanding multi-family opportunity in the heart of Babbitt! This well-maintained 4-plex offers the perfect setup for both investors and owner-occupants. Live comfortably in the spacious owner’s unit while rental income from the additional units and detached garages helps offset your monthly mortgage expenses, or maximize the property as a full income-producing investment. The property has seen numerous recent improvements, including new roofs on both buildings, updated siding, and fresh exterior paint, providing peace of mind for years to come. Tenants enjoy access to a shared laundry area, while the owner’s unit features private laundry and a cozy gas fireplace that adds warmth and character to the space. Additional upgrades include newer windows and other key updates throughout the property. Conveniently located near lakes, parks, snowmobile and ATV trails, and endless outdoor recreation, this property combines strong rental potential with a desirable northern Minnesota location. Whether you’re a first-time buyer looking to build equity while tenants contribute toward your housing costs or an investor searching for a solid addition to your portfolio, this property offers exceptional opportunity and long-term potential.
Directions
Coming into town turn by Lossing sports keep following by fire department and the go to Linney Lane it will be on your right side

Accessible

Other
Yes

Amenities Shared

Coin-op Laundry Owned
Yes
Deck
Yes

Construction Materials

Block
Yes
Concrete
Yes
Frame
Yes

Construction Status

Previously Owned
Yes

Electric

200+ Amp Service
Yes

Existing Financing

Conventional
Yes

Exterior

Cement Board
Yes
Vinyl
Yes

Fencing

None
Yes

Foundation

Concrete Block
Yes

Fuel

Electric
Yes
Propane
Yes

Heating

Forced Air
Yes

Laundry

Lower Level
Yes
Main Level
Yes

Lot Description

Corner Lot
Yes

Owner Pays

Exterior Maintenance
Yes
HVAC Maintenance
Yes
Lawn
Yes
Maintenance/Repair
Yes
Snow Removal
Yes

Patio, Porch and Deck Features

Deck
Yes
Patio
Yes

Roof

Age 8 Years or Less
Yes
Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

No. of Ranges

Four
Yes

No. of Refrigerators

Four
Yes

Tenant Pays

All Utilities
Yes
IDX
Listing Office: Anchor Realty
Last Updated: August - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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