Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $2,556 (2025).

What school district is this property in?

This property is in the 8001 - Aitkin school district.

Does this home have a garage?

Yes, this home has a 2-car garage.

How long has this property been on the market?

This property has been listed for 135 days.

Listed at

$485,000

$309/sqft

Elm Island Add

31519 374th Place, Aitkin, MN, 56431

3 Bedrooms2 Bathrooms1,568 Square Feet0.793 Acres

Days on market135

Year built1968

Garage spaces2

TypeResidential

Est. $11,550buyer credit when you buy with SODL

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About this home

Year-round lake home on sought-after Elm Island Lake offering the perfect blend of personal retreat and investment potential. Enjoy beautiful lake views, great fishing, boating, and the peaceful Up North lifestyle in this waterfront property featuring a home + bunkhouse setup. The main home includes a cozy family room and sunporch, both with fireplaces, creating warm gathering spaces after a day on the lake. Large windows bring in natural light and showcase the water views. A separate lakeside bunkhouse offers flexibility with 2 bedrooms, 1 bathroom, a private kitchen, and electricity ideal for guests, multi-generational living, or potential Airbnb/VRBO use. Sellers have already completed the process of obtaining a Short-Term Rental (STR) license, creating a rare turnkey opportunity for buyers seeking rental income, a vacation home, or a year-round Minnesota lake property. Included is all the furniture and dock.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1968

LevelsOne

Living area1,568 sqft

Above-grade finished1,568 sqft

Below-grade finished0 sqft

Lot size0.793 acres (100x299x148x354)

Days on market135

ListedMar 24, 2026

MLS #NST7029583

CountyAitkin

SubdivisionElm Island Add

Parcel #241071500

Facts & features

Interior

Bedrooms: 3
Bathrooms: 2
Bath breakdown: 1 3/4 / 1 half
Heating: Forced Air, Fireplace(s)
Cooling: Central Air
Appliances: Air-To-Air Exchanger, Cooktop, Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned

Property

Levels / stories: One
Garage: 2 spaces · 20.10'x23.1' · 462 sqft
Parking features: Attached Garage
Patio & porch: Composite Decking, Front Porch, Patio
Exterior features: Cedar, Cement Board
Fencing: None

Construction

Property type: Residential
Property subtype: Single Family
Construction materials: Log
Foundation: 8 ft+ Pour · 1,568 sqft
Roof: Age Over 8 Years
Year built: 1968

Utilities

Water: Drilled
Sewer: Septic System Compliant - Yes, Tank with Drainage Field
Fuel: Propane
Electric: 200+ Amp Service

Community & HOA

Subdivision: Elm Island Add
HOA: No HOA
School district: 8001 - Aitkin
High school district: Aitkin

Financial & listing details

Annual tax: $2,556 (2025)
Listed: Mar 24, 2026
Days on market: 135 · 277 cumulative
Manufactured home: Yes

Interior details

Total bathrooms2

Full baths0

3/4 baths1

Half baths1

1/4 baths0

BasementNone

HeatingForced Air, Fireplace(s)

CoolingCentral Air

Fireplaces2

LaundryMain Level

AppliancesAir-To-Air Exchanger, Cooktop, Dishwasher, Dryer, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer, Water Softener Owned

DiningKitchen/Dining Room, Living/Dining Room

AmenitiesCeiling Fan(s), Deck, Dock, Main Floor Primary Bedroom, Patio, Sun Room

AccessibilityNo Stairs Internal

Special features3 BR on One Level, All Living Facilities on One Level, Main Floor Primary, Main Floor Laundry

Exterior & lot

ExteriorCedar, Cement Board

RoofAge Over 8 Years

Foundation8 ft+ Pour

Foundation area1,568 sqft

Patio/porchComposite Decking, Front Porch, Patio

Road frontagePrivate Road, Unpaved Streets

Road responsibilityPrivate Maintained Road

ZoningResidential-Single Family

Utilities

Water sourceDrilled

SewerSeptic System Compliant - Yes, Tank with Drainage Field

FuelPropane

Parking & garage

ParkingAttached Garage

Garage spaces2

Garage size462 sqft

Financial details

Annual taxes$2,556

Tax year2025

Taxes w/ assessments2556

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District8001 - Aitkin

District number8001

District phone2189272115

High schoolAitkin

SODL flat fee brokerage

$11,550Estimated buyer credit

SODL platform fee $3,000Your buyer credit $11,550

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

Tour homes with SODL’s flexible showing network
Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$2,924/mo

Principal & interest$2,549

Property taxes$213

Home insurance (est.)$162

Down payment

$97,000

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.