Lori Gustafson

540 Central Avenue S

Milaca, MN
$ 175,000 Beds 4 Baths 2.5 Sq 1,674
Monthly Estimate* How much can I afford?

Opportunity awaits in the heart of Milaca! Offering plenty of space and potential at an unbelievable price. Walking distance to the schools, shops, and restaurants. This home is in need of significant updates and TLC, making it a great opportunity to build instant equity. 4 bedrooms, 3 bathrooms, and a deep 2 stall garage. This could be the project you've been waiting for, so bring your ideas and your toolbox and breathe life back into this home!

Single Family

  • Price
  • $ 175,000
  • City
  • Milaca
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • MILLE LACS
  • Half Bathrooms
  • 1
  • Area
  • Flinks Add
  • Lot Size
  • 0.217447 Acres
  • Zip
  • 56353
  • Sqr Footage
  • 1,674
  • Year Built
  • 1950
  • Taxes
  • $ 2680
  • Style
  • Single Family
  • MLS#
  • 7133230
Listed By: Keller Williams Integrity NW
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1674
Sewer City Sewer - In Street
Heating Forced Air,Fireplace(s)
Cooling Central Air
Roof Age Over 8 Years
Garage Spaces 2
Year Built 1950
Levels One and One Half
Property Subtype Single Family
Tax Year 2025
Accessibility None
County Mille Lacs
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Flinks Add
Full Baths 1
Directions Head west off HWY 169 onto Cty Rd 23. Go half a mile and turn left onto Central Ave S. House will be on the right.
City Milaca
High School District Milaca
Zoning Description Residential-Single Family
Lot Size Units Square Feet
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 2680
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Deck
PostalCity Milaca

Interior Features

Basement Block
Total Fireplaces 1
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1674
Half Baths 1
3/4 Baths 1
Total Bedrooms 4
Total Baths 3
Foundation Dimensions 41x23
Fuel Electric,Natural Gas
Garage Square Feet 576

Exterior Features

Parking Features Detached Garage,Gravel
Water Source City Water/Connected
Lot Size Area 9472
Building Area Total 2617
Lot Dimensions 148x64
Waterfront Y/N No
Foundation Area 943
Road Frontage Type City Street

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

9/3/2026 Listed $205,000
9/14/2026 15% - $175,000

Property vs Zip Code Average in 56353

Price
AVG $380K
$180K
Taxes
AVG $2,861
$2,680
Year Built
AVG 1991
1950
Visits
AVG 57
8
Data Provided by Inside Real Estate®

Areas That We Cover

540 Central Avenue S Milaca, MN is a Single Family Home for sale at $175000 with 1674 sqft and a lot size of 0.217447 Acres Acre(s). 540 Central Avenue S Milaca has 4 bedrooms, 2 baths and was built in 1950. The property's zip code is 56353 which is in Milaca, 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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