495 W 1st Street, Rush City, MN 55069 (MLS# 7152024)

495 W 1st Street, Rush City, MN 55069

$339,900
Property Type: Multi-Family Bedrooms: 4 Baths: 3 Square Footage: 3,047 Lot Size (sq. ft.): 18,731 Status: Active
Current Price: $339,900 List Date: 10/02/2026 Last Modified: 10/13/2026

Overview

Description

Investment Opportunity Meets Small-Town Charm! Have you ever dreamed of owning a home that can help pay its own bills? Here’s your opportunity to turn that dream into reality where investment meets the quaint small town of Rush City! Welcome to a charming property in the heart of Rush City offering built-in income potential, room to build equity, and plenty of creative space to make it your own. The main home is an adorable 1.5-story residence built in 1948 with the breezeway addition in 1954, and the apartment addition in 1982. It features 2 bedrooms and 1 bathroom, with the potential for convenient main-floor living. The inviting open layout provides a blank canvas for your vision, making it easy to bring your ideas and personal style to life. Several updates have been completed, including 13 new energy-efficient, argon-filled, double-pane replacement windows in the main house, providing improved insulation, comfort, and potential heating-cost savings, and fresh interior paint, gi ...

Listing Details MLS# 7152024

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1948
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1307
Above Ground SqFt
1823
Below Grd Total SqFt
1224
Total SqFt
3047
Foundation Size
1224
Style
(MF) Duplex Other
Total Finished Sqft
1823.00
Power Company
East Central Energy
Garage Stalls
2
Lot Dimensions
125x150x126x150
Acres
0.43
Assessment Pending
No

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Concrete Block; Unfinished Construction Materials: Block; Frame Construction Status: Previously Owned Electric: 150 Amp Service Existing Financing: Free and Clear Exterior: Cement Board Fencing: None Foundation: Concrete Block Fuel: Electric Heating: Boiler Laundry: Electric Dryer Hookup; Main Level Lock Box Type: Combo Lot Description: Tree Coverage - Medium Owner Pays: Insurance; Trash Collection Parking Characteristics: Garage Door Opener Pool Description: None Road Frontage: City Street; Paved Streets; Storm Sewer Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; Conventional Rehab Sewer: City Sewer/Connected Stories: One and One Half Tenant Pays: Electricity; Gas; Heat; Sewer; Snow Removal; Water Unit 1 Amenities: Kitchen Window Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: 1/2 Basement; Main Floor Full Bath Unit 1 Dining Room Description: Informal Dining Room Unit 1 Family Room Characteristics: Main Level Unit 1 Fireplace Char: Brick; Family Room Unit 2 Amenities: Kitchen Window Unit 2 Appliances: Dishwasher; Dryer; Range; Refrigerator Unit 2 Bath Description: Main Floor 3/4 Bath Unit 2 Dining Room Description: Informal Dining Room Unit 2 Family Room Characteristics: Main Level Unit 2 Special Search: Main Floor Laundry Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
339900
ListPrice
339900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
495
Street Direction Prefix
W
Street Name
1st
Street Suffix
Street
Postal City
Rush City
County
Chisago
State
MN
Zip Code
55069

Assessments

Assessment Installment
17
Tax With Assessments
2626

Basement

Foundation Dimensions
36x32

More Information

Building Information

Finished SqFt Above Ground
1823

Income and Expenses

Annual Gross Expenses
5859
Annual Gross Income
12000
Annual Insurance Expense
1681
Annual Maintenance Expense
500
Annual Net Income
6141
Annual Repair Expense
500
Annual Trash Expense
552
Total Annual Expenses
5859

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
24x22
Garage Square Feet
528

Public Survey Info

Range#
21
Section#
16
Township#
37

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
# of Fireplaces
Yes
1/4 Baths
Yes
Finished SqFt
1823
Full Baths
Yes
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
3
Total Rooms
6

Unit 2

Furnished?
No
Lease Expiration Date
2027-07-31
Leased?
Yes
Level
Main Level
Unit Number
2
3/4 Baths
Yes
Annual Rent
12000
Finished SqFt
720
Monthly Expense
552
Monthly Rent
1000
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
Yes
Total Rooms
4

Unit Details

Total Units
2
IDX
Listing Office: Century 21 Moline Realty Inc
Last Updated: October - 13 - 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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