Montevideo Homes with Apartments/Multi Family Style

Welcome to Montevideo, a charming city nestled in the heart of Chippewa County, Minnesota. Known for its rich history and vibrant community, Montevideo offers a unique blend of small-town warmth and modern conveniences. With a population of just over 5,500 residents, this city prides itself on a strong sense of community and a welcoming atmosphere that makes newcomers feel right at home.

Montevideo is surrounded by stunning natural beauty, with the picturesque Minnesota River flowing nearby, providing ample opportunities for outdoor adventures such as hiking, fishing, and kayaking. The city is also home to several parks and recreational facilities, perfect for family outings or leisurely strolls. The lively downtown area boasts a variety of local shops, restaurants, and cafes, offering a delightful taste of the local culture.

For those seeking investment opportunities or multi-family living options, Montevideo presents an array of homes with apartments and multi-family styles. These properties are ideal for investors looking to capitalize on the growing rental market or for families desiring additional living space. With a variety of layouts and sizes available, you can find the perfect fit to suit your needs—whether you seek a cozy duplex or a spacious multi-family home.

Montevideo’s affordable housing market, combined with its friendly community and picturesque surroundings, makes it an ideal place to call home. Explore the diverse real estate options available today, and discover the charm that Montevideo has to offer!

Newest Montevideo Homes with Apartments/Multi Family Style

$449,900

7056633 MLS

VACANT - Unique residential income property featuring 11 bedrooms with potential for a 12 bedroom, multiple shared bathrooms, and spacious common areas. Layout includes a shared kitchen and dining area, shared living and activity rooms, laundry room, office space, and ADA-accessible features including roll-in showers. Zoned R-2 Multi-Family Residential, offering potential for future reconfiguration or redevelopment, subject to city approvals. Not a traditional apartment building.

1806 E Lincoln Avenue, Montevideo

Listing courtesy of Granite City Real Estate.

$899,900

7009752 MLS

Rare opportunity to acquire a well-maintained 9-unit multifamily property featuring two separate buildings on one parcel. The main turn-of-the-century home offers seven units and retains much of its original historic charm, blending character with modern updates. A second building provides an additional two units, creating a versatile unit mix. Most units have been renovated, offering updated interiors while preserving classic architectural details. Property amenities include on-site coin laundry, a three-car garage, ample off-street parking, and a fenced yard with outdoor features. The property offers a strong 7% cap rate, making it an attractive option for investors seeking stable income. The combination of historic appeal, functional updates, and on-site amenities contributes to long-term value and broad rental appeal.

215 S 5th Street, Montevideo

Listing courtesy of Weichert REALTORS Tower Properties.

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