Lori Gustafson

48566 Lake Avenue

McGregor, MN
$ 209,900 Beds 3 Baths 1 Sq 1,598
Monthly Estimate* How much can I afford?

This year round 3 bedroom country home has a fresh complete remodel! The lucky new owner of this home will be get to enjoy a fresh new home, including new furnace, central A/C, windows, roof, sheetrock, flooring, appliances and soo much more. The home has a nice open floor plan on the main level with a lower level that boasts a 3rd bedroom, family room, 2 utility rooms and a huge Laundry that has room for quilting, hobby's, a bedroom or whatever your needs may be! The spacious kitchen offers tons of cabinet space and new stainless appliances, including Dish Washer and a Gas Range. Includes a lifetime dry basement warranty from Northern States Basement System of Duluth, MN!! You will love this properties excellent location, situated between Big Sandy Lake and Lake Minnewawa. You can enjoy public accesses to both these great lakes only blocks away. The home sits on 6 nicely wooded lots and would make a great year round home or cabin. Located close to many great area lakes, atv and snowmobile trails, Savanna State Park, Minnesota National Golf, supper clubs, public land for hunting and so much more. You can have everything this great northland has to offer right out your front door.

Single Family

  • Price
  • $ 209,900
  • City
  • McGregor
  • Bedrooms
  • 3
  • Full Bathrooms
  • 1
  • County
  • AITKIN
  • Half Bathrooms
  • 0
  • Area
  • Indian Portage
  • Lot Size
  • 0.75 Acres
  • Zip
  • 55760
  • Sqr Footage
  • 1,598
  • Year Built
  • 1950
  • Taxes
  • $ 912
  • Style
  • Single Family
  • MLS#
  • 7096296
Listed By: Aspen Realty
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1598
Sewer Mound Septic,Private Sewer,Septic System Compliant - Yes
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less,Asphalt,Pitched
Appliances Dishwasher,Fuel Tank - Rented,Gas Water Heater,Range,Refrigerator,Stainless Steel Appliances,Washer
Construction Materials Frame
Year Built 1950
Electric Circuit Breakers
Levels One
Property Subtype Single Family
Tax Year 2026
Accessibility None
Additional Parcels Description 291109400,291109500,291109200,291109100,291109000
County Aitkin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Indian Portage
Full Baths 1
Directions From McGregor,Go North on State Hwy 210 7 miles to Right on Lake Ave. to property on Right (Sign)
City McGregor
High School District McGregor
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 912
Additional Parcels Y/N Yes
Standard Status Active
Lender Owned No
PostalCity McGregor

Interior Features

Basement Block,Drainage System,Egress Window(s),Finished,Partial
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 916
Laundry Features In Basement,Laundry Room
Total Bedrooms 3
Below Grade Finished Area 682
Total Baths 1
Bath Desc Main Floor Full Bath
Dining Room Description Kitchen/Dining Room
Fuel Propane

Exterior Features

Parking Features Gravel
Lot Features Tree Coverage - Medium
Water Source Private,Well
Lot Size Area 0.75
Building Area Total 1598
Lot Dimensions irregular
Waterfront Y/N No
Foundation Area 916
Road Frontage Type County Road,Paved Streets
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/23/2026 Listed $219,900
8/19/2026 5% - $209,900

Property vs Zip Code Average in 55760

Price
AVG $500K
$210K
Taxes
AVG $1,981
$912
Year Built
AVG 1979
1950
Visits
AVG 44
21
Data Provided by Inside Real Estate®

Areas That We Cover

48566 Lake Avenue McGregor, MN is a Single Family Home for sale at $209900 with 1598 sqft and a lot size of 0.75 Acres Acre(s). 48566 Lake Avenue McGregor has 3 bedrooms, 1 baths and was built in 1950. The property's zip code is 55760 which is in McGregor, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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