This is a great opportunity for someone looking to be a rental business owner! The up/down duplex is located off Main St and is within walking distance of Forest Lake, Restaurants & Shopping. $60k in updates and renovations have been put into the property Since 2020 INCLUDING New Roof & Siding! This rental is ready for its next investor with excellent renters in both units.
The median home value in Forest Lake, MN is $379,700. This is lower than the county median home value of $399,400. The national median home value is $338,100. The average price of homes sold in Forest Lake, MN is $379,700. Approximately 70.51% of Forest Lake homes are owned, compared to 24.78% rented, while 4.71% are vacant. Forest Lake real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Forest Lake real estate agent to arrange a tour today!
Forest Lake, Minnesota 55025 has a population of 20,366. Forest Lake 55025 is less family-centric than the surrounding county with 30.6% of the households containing married families with children. The county average for households married with children is 36.3%.
The median household income in Forest Lake, Minnesota 55025 is $87,753. The median household income for the surrounding county is $102,258 compared to the national median of $69,021. The median age of people living in Forest Lake 55025 is 38.6 years.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 2.8 degrees. The average rainfall is approximately 32.4 inches per year, with 53.7 inches of snow per year.