c.1938 Three Bedroom Minnesota Cottage For Sale Under $55K
$54,900
Minnesota cottage built on a sturdy foundation and set on a generous lot, this property offers endless potential—as a delightful personal residence or a smart rental investment.
Realtor Comments
This 3-bedroom, 1-bath home offers a great chance to build equity and bring your vision to life. Situated on a decent sized lot, the property features a detached garage and plenty of outdoor space with room to expand, garden, or simply enjoy. The home is in need of some TLC and updates throughout, and all utilities are currently turned offmaking this the perfect project for investors, flippers, or anyone looking for a rewarding renovation opportunity. Don’t miss your chance to turn potential into profit!
- 3bed
- 1bath
- Circa 1938
529 E 1st St N, Truman, MN 56088 $54,900
If interested in a property, please contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
Pros of Living in Truman, MN
1. Affordable Cost of Living
Truman boasts a cost of living approximately 17% lower than the national average. The median home value is around $106,800, and the median rent for a one-bedroom apartment is about $603 per month.
2. Low Crime Rates
The town experiences significantly lower crime rates compared to national averages. The violent crime rate is 6.5, well below the U.S. average of 22.7, and the property crime rate is also low.
3. Strong Sense of Community
With its small population, Truman fosters a close-knit community atmosphere. Residents often engage in local events and support one another, contributing to a welcoming environment.
4. Access to Education
Truman Public Schools serves the area, offering classes from kindergarten through 12th grade. The district is committed to providing quality education to its students.
5. Low Unemployment Rate
Truman has an unemployment rate of 4.3%, which is lower than the national average. While the job market has seen a slight decrease recently, future job growth over the next ten years is predicted to be 25.1%.
❌ Cons of Living in Truman, MN
1. Limited Public Transportation
The town lacks public transportation options, making personal vehicles essential for commuting and running errands.
2. Limited Job Opportunities
While there are employment opportunities in nearby areas, Truman itself has a limited job market, which may require residents to commute to neighboring towns for work.
3. Harsh Winters
Truman experiences cold winters with temperatures often dropping below freezing, which can be challenging for those unaccustomed to such climates.
4. Limited Entertainment and Amenities
As a small town, Truman has fewer entertainment options, dining establishments, and shopping centers compared to larger cities.
