315 Summit Ave N
Crookston, MN · View the listing ↗
Photos, via Realtor.com.
Needs more info before these numbers mean much. No reliable rent estimate: too few comparable rentals close by, and no RentCast estimate.
No rent estimate yet, so the numbers can't be run. Run it yourself in the calculator →
First look
Seven beds and five baths for $270K in Crookston, with a bonus .253-acre lot, so the price per unit looks low on its face. But there are no rents in the listing, no county record match and 171 days on market, so none of the income side is verified. 'Turnkey' and 'all units rented' mean nothing until you see a rent roll, lease dates and 12 months of expenses. Photos show a basement-level unit with cosmetic updates and baseboard-style heat. Ask for the rent roll and tax bill first, and verify the lower unit's egress and legality before you spend time on a showing.
Things to consider
- Income is completely unverified Without rents or expenses you can't judge cash flow, and 'rented' says nothing about rent level or lease terms.Listing says: “All units are currently rented.”
- Lower unit legality and egress A below-grade unit with an 'office' may not count as a legal bedroom, affecting rent and licensing.Listing says: “The lower unit is a one bed/one bath with an office”
- Taxes and parcel details unknown The address didn't match a county parcel, so tax load and unit count are unconfirmed and could change the numbers.
- Extra lot adds optionality It could add parking, resale value or a development option, but it may also add tax and maintenance cost.Listing says: “Included in this sale is a .253 acre vacant lot directly to the east.”
- Long time on market 171 days suggests buyers balked at price or numbers, which gives negotiating room.
From the photos
Based on 10 of the listing photos. Photos can hide as much as they show; an inspection is the real answer.
AI-assisted first read of the listing description and photos (Claude), checked against public records. Every rent and repair above quotes the listing; verify with the agent, leases and an inspection.
Red flags and opportunities
Watch for
- highNo rents, lease terms or expenses given; 'turnkey' is unsupported Listing says: All units are currently rented. This turnkey property provides a great opportunity · AI review
- mediumCouldn't match this address to a county parcel record, so taxes and unit count are unverified. Public record: County parcels: no match for 315 SUMMIT AVE N
- mediumLower unit is below grade with an 'office'; confirm egress, legality and that the office is not counted as a bedroom Listing says: The lower unit is a one bed/one bath with an office · AI review
- mediumTaxes, unit count and rental license could not be verified from public records Based on: data: county.tax · AI review
- lowPhotos show small high windows and a below-grade layout in the lower unit, and no mechanical or panel photos Based on: photo 4 · AI review
Opportunities
- Long time on market: room to negotiate. Based on: Listing data: 171 days on market, 1 price cuts
- Extra .253-acre lot included, which could mean added parking, a sale or future development (check zoning) Listing says: Included in this sale is a .253 acre vacant lot directly to the east. · AI review
- 171 days on market gives room to negotiate Based on: data: listing.days_on_market · AI review
- Separate utilities and in-unit laundry should keep owner expenses low and appeal to tenants Listing says: each with their own laundry and separate utilities · AI review
Questions for the agent
- Can I get the rent roll with lease dates, deposits and 12 months of income and expenses?
- Are the tenants on leases or month-to-month, and how long has each been there?
- What are the annual taxes, and is the extra lot a separate parcel with its own tax?
- Is the lower unit a licensed rental with a legal egress bedroom, and what is the 'office'?
- How are the units heated and metered, and what are the ages of the furnaces, water heaters and roof?
- Why has it sat 171 days, and have there been price cuts or fallen-through offers?
Bottom line
The price looks cheap for three units plus an extra lot, but with no rents, taxes or expenses stated it's unproven until the rent roll checks out. AI-assisted summary
What the records say
Where each number comes from
Price history Realtor.com
On the market since 2026-04-17 (171 days).
| Date | Event | Price |
|---|---|---|
| Listed | $270,000 | |
| Removed | — | |
| Listed | $295,000 |
From the listing Listing
| Property tax, 2025 | $584 |
| County | Polk |
| Parcel number | 820158600 |
As the listing states it (NorthstarMLS, via Realtor.com). We don't have county records here yet; check the tax, homestead status and special assessments with the county.
Crime, rental-license and vacant-building records are only available for St. Paul and Minneapolis so far. Check with Crookston on rental licensing before you buy.