48405 197th Avenue, Mcgregor, MN 55760 (MLS# 7157215)

48405 197th Avenue, Mcgregor, MN 55760

New Listing
$440,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 1,408 Lot Size (sq. ft.): 23,522 Status: Active
Current Price: $440,000 List Date: 10/08/2026 Last Modified: 10/09/2026

Overview

Description

Enjoy year-round living on Lake Minnewawa with 70 feet of nice shoreline, gradual elevation to the water, and a beautiful yard shaded by mature trees. This 3-bedroom, 2-bath home features a comfortable living room with a fireplace and a family room with a walkout basement. A lakeside deck with great views of the water can be accessed from the living room and dining room making indoor and outdoor living seamless. One bedroom and full bath are located on the main floor, while the walkout lower level has a family room and two additional bedrooms, including one with direct access to the lakeside patio. The gently sloping yard leads down to the water's edge, with plenty of space to enjoy the outdoors and spend evenings around a fire. A detached two-stall garage has an unfinished bonus room above, adding extra space for storage or future use. Plenty of space to make this place your own and enjoy lake life for years to come.

Listing Details MLS# 7157215

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Road Btwn WF & Home?
No
Waterfront Frontage
70
Waterfront YN
Yes
Year Built
1987
Yearly/Seasonal
Yearly
Zoning
Shoreline, Residential-Single Family
Bath Full
Yes
Bath Three Quarters
Yes
Main Floor Total SqFt
704
Above Grd Total SqFt
704
Below Grd Total SqFt
704
Total SqFt
1408
Total Finished Sqft
1408.00
FireplaceYN
Yes
Lake/Waterfront Name
Minnewawa
Style
(SF) Single Family
Foundation Size
704
Power Company
Lake Country Power
Garage Stalls
2
Lot Dimensions
70x480
Acres
0.54
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: None Amenities Unit: Ceiling Fan(s); Deck; Kitchen Window; Patio Appliances: Range; Refrigerator Basement: Full Bath Description: Main Floor Full Bath; 3/4 Basement Construction Materials: Block Construction Status: Previously Owned Dining Room Description: Kitchen/Dining Room Elevation Highpoint to Waterfront Slope: Gradual Exterior: Wood Fireplace Characteristics: Wood Burning Foundation: Concrete Block Fuel: Propane; Wood Heating: Wood Stove; Other Lake Details: Hard; Rocky; Sand Laundry: In Basement; Washer Hookup Lot Description: Accessible Shoreline; Tree Coverage - Medium Pool Description: None Property Subtype: Cabin Road Frontage: Township Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: Septic System Compliant - Yes; Tank with Drainage Field Special Search: Main Floor Bedroom Stories: Two Water: Drilled; Private Waterfront Type: Lake Front

Contract Information

Contingency
None
Original List Price
440000
ListPrice
440000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
48405
Street Name
197th
Street Suffix
Avenue
Postal City
Mcgregor
County
Aitkin
State
MN
Zip Code
55760
Complex/Dev/Subdivision
Sheshebe Point

Assessments

Tax With Assessments
1898

Basement

Foundation Dimensions
22x32

More Information

Building Information

Finished SqFt Above Ground
704
Finished SqFt Below Ground
704

Elevation Highpoint to Waterfront Feet

Elevation Highpoint Waterfront Feet
4-10

Lake Details

Lake Acres
2451
Lake Depth
20

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
24x28
Garage Square Feet
672

Public Survey Info

Range#
23
Section#
28
Township#
49

Room Information

Room Name Dimensions Level
Dining Room 9x10 Main
Family Room 18x10 Lower
First (1st) Bedroom 12x10 Main
Kitchen 16x10 Main
Living Room 16x11 Main
Second (2nd) Bedroom 9x10 Lower
Third (3rd) Bedroom 13x10 Lower
IDX
Listing Office: Statement Realty
Last Updated: October - 09 - 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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