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4 Beds
3 Baths
1,823 sqft

$319,900

495 W 1st Street, Rush City MN, 55069

Price per sqft$175.48
Built in1948
Property size1,823 sqft
Property typeMulti-family
Courtesy of Century 21 Moline Realty Inc, Michelle Nicollette Hosch Listing Contact:

Overview

Active

Listed Oct 2, 2026

Updated 1h ago

Charming Rush City home with an additional $1,000 per month rental income! Welcome to this charming property in the heart of Rush City, offering a unique opportunity to own a home with an attached, income-producing rental apartment generating $1,000 per month through an existing County HRA housing contract—that's $12,000 annually! This dependable and established rental income could help offset your mortgage payment, reduce monthly housing expenses, and make homeownership more affordable. The main residence is a charming 1.5-story home featuring 2 bedrooms and 1 bathroom, with the potential for convenient living. The inviting, open layout offers comfortable living space and plenty of opportunity to personalize the home to your taste. A connecting breezeway adds to the property's distinctive layout. The attached rental apartment features its own private entrance, kitchen, bathroom, bedroom, living room and laundry area) providing a separate, self-contained living space with privacy and independence from the main residence. Currently occupied by a tenant under a Section 8 housing arrangement, the apartment generates $1,000 per month in rental income. The existing County HRA (Housing and Redevelopment Authority) rental arrangement can continue with a new owner, subject to applicable program requirements, providing an attractive opportunity to receive rental income while living in the main residence. Several updates have already been completed in the main residence, including 13 new energy- efficient, argon-filled, double-pane replacement windows, providing improved insulation, comfort, and potential heating-cost savings. Fresh interior paint gives the home a welcoming appearance and a great head start for future decorating. Location adds even more appeal! Situated in the heart of Rush City, the property is within walking distance of downtown, the city water park, and local schools and sporting events. Convenient freeway access makes commuting to work and surrounding communities easy. Whether you're looking for a comfortable personal residence with supplemental rental income, an investment opportunity, or a property with room to build equity, this Rush City home offers an attractive combination of affordability, flexibility, and income potential. Enjoy living in the main residence while receiving $12,000 annually in rental income from the attached apartment under the existing Section 8 housing arrangement!

$2,128/mo

Est. mortgage payment based on a $319,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
7152024

Interior Features

Bedrooms
4
Bathrooms
3
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.43 Acres

Other Property Details

Taxes
$2,609
Tax Frequency
Annually
Maintenance Expense
$500
Garage
Yes
Municipality
Rush City
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Listings courtesy of Northstar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Matthew Vorwerk shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS.

Based on information submitted to the MLS GRID as of 4:10 PM UTC on 10/26/2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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