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47 2nd Street NW, Pelican Rapids, MN 56572

$73,600
Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 795 Lot Size (sq. ft.): 5,663 Status: Active
Current Price: $73,600 List Date: 2/26/2026 Last Modified: 4/21/2026

Overview

Description

Opportunity awaits! This 3-bedroom, 1-bath home is full of potential and ready for your vision. This property offers a great opportunity for investors, flippers, or buyers looking to build equity with some TLC. Would make a great rental! The home features a functional layout, a solid footprint to work with. Being sold AS-IS, this fixer-upper is priced accordingly and ready for renovation. With the right updates, this property could truly shine. Convenient location close to downtown. Don’t miss your chance to transform this property.

Listing Details MLS# 7026613

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Waterfront Present
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Three Quarters
Yes
Main Floor Total SqFt
578
Above Grd Total SqFt
795
Total SqFt
795
Total Finished Sqft
795.00
FireplaceYN
No
Style
(SF) Single Family
Foundation Size
Yes
Garage Stalls
Yes
Lot Dimensions
55x100
Acres
0.13
Assessment Pending
No
Number of Fireplaces
0
Bath Half
0
Bath Quarter
0
Below Grd Total SqFt
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: None Basement: Crawl Space Construction Status: Previously Owned Exterior: Wood Foundation: Other Fuel: Electric Heating: Baseboard Lock Box Type: Supra Sellers Terms: Cash; FHA Rehab 203k Sewer: City Sewer/Connected Stories: One and One Half Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
73600
ListPrice
73600
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
47
Street Name
2nd
Street Suffix
Street
Street Direction Suffix
NW
Postal City
Pelican Rapids
County
Otter Tail
State
MN
Zip Code
56572
Complex/Dev/Subdivision
Frazees 1st Add

Assessments

Tax With Assessments
1138
Assessment Balance
0
Assessment Installment
0

Building Information

Finished SqFt Above Ground
795

More Information

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
LCAR
Supra
Yes

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
308

Public Survey Info

Range#
43
Section#
27
Township#
136

Office/Member Info

Association
LCAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
SECT-27 TWP-136 RANGE-043 FRAZEE'S ADDN N 55' OF W 100' OF LOT 7 BLK 3 RAYMOND & LILLIAN KRATZKE & LEON KRATZKE LIFE ESTATE
Listing City
Pelican Rapids
Map Page
999
Municipality
Pelican Rapids
School District
Pelican Rapids
School District Phone
218-863-5910
Zip Plus 4
4810
Property ID Number
76000990374000
Tax Year
2026
Tax Amount
1138
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
Not disclosed

Directions & Remarks

Public Remarks
Opportunity awaits! This 3-bedroom, 1-bath home is full of potential and ready for your vision. This property offers a great opportunity for investors, flippers, or buyers looking to build equity with some TLC. Would make a great rental! The home features a functional layout, a solid footprint to work with. Being sold AS-IS, this fixer-upper is priced accordingly and ready for renovation. With the right updates, this property could truly shine. Convenient location close to downtown. Don’t miss your chance to transform this property.
Directions
Near "OK Tire". Head west on St Hwy 108. Turn left onto 2nd St NW.

Accessible

None
Yes

Air Conditioning

None
Yes

Basement

Crawl Space
Yes

Construction Status

Previously Owned
Yes

Exterior

Wood
Yes

Foundation

Other
Yes

Fuel

Electric
Yes

Heating

Baseboard
Yes

Insurance Fee

Insurance Fee
0

Sellers Terms

Cash
Yes
FHA Rehab 203k
Yes

Sewer

City Sewer/Connected
Yes

Stories

One and One Half
Yes

Water

City Water/Connected
Yes

Room Information

Room Name Level
Bathroom Main
First (1st) Bedroom Main
Kitchen Main
Living Room Main
Second (2nd) Bedroom Upper
Third (3rd) Bedroom Upper
IDX
Listing Office: REALTY XPERTS
Last Updated: April - 21 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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