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47022 189th Ave, McGregor, MN, 55760

1beds
0baths
360sqft
$234,900
$653price/sqft
$1,586/moest. monthly cost
$63,440/yrincome needed

About This Home

Tucked along the shores of Minnewawa Lake, this charming one-bedroom cabin captures the essence of classic Northwoods living. Set on a rare double lot within Minnewawa Commons, this property offers 100 feet of level, sandy shoreline—perfect for effortless days by the water and unforgettable sunset views from the inviting front porch. Step inside to find beautifully restored original hardwood floors, thoughtfully sanded and refinished to highlight their timeless character. The open-concept layout creates a comfortable, airy space ideal for relaxing or hosting family and friends. Enjoy the simplicity of lake life with a compliant two-seater outhouse, a sand point well (see supplements for water test), and a newly added outdoor shower—perfect after a day on the lake. Docking is permitted on a first-come basis, and with minimal traffic on the road between the cabin and the shoreline, access remains easy and peaceful. Whether you're gathering around a fire, hosting guests with campers or tents, or simply soaking in the quiet beauty of the lake, this property offers a rare opportunity to own an authentic, laid-back retreat.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

7/10
6/10
Mcgregor SecondaryGrades 7-126.9 mi

Construction

Condition

  • Year built: 1940

Materials

  • Roof: Age 8 Years or Less,Pitched

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family

Interior

Appliances

  • Appliances included: Cooktop,Refrigerator

Basement

  • Basement: None

Bedroom

  • Level: Main
  • Area: 66.5
  • Dimensions: 9.5x7

Bedrooms & Bathrooms

  • Bedrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 360

Heating & Cooling

  • Heating features: Space Heater
  • Cooling features: None

Interior Area

  • Total structure area: 360
  • Total interior livable area: 360 sqft

Kitchen

  • Level: Main
  • Area: 58.8
  • Dimensions: 9.8x6

Living Room

  • Level: Main
  • Area: 209
  • Dimensions: 19x11

Porch

  • Level: Main
  • Area: 160
  • Dimensions: 10x16

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 291288600
  • Zoning description: Residential-Single Family
  • Foundation area: 360

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Front Porch,Porch
  • Has view: Yes
  • View description: Lake,West
  • Has water view: Yes
  • Water view: Lake
  • Waterfront features: Lake View,Lake Bottom(Sand)
  • Frontage length: Water Frontage: 100

Lot

  • Lot size: 0.47 Acres
  • Features: Accessible Shoreline,Tree Coverage - Medium
  • Lot size dimensions: 100 x 203 x 105 x 201

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Strong Wind

FEMA Declared Disasters in Aitkin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,187$14,244
Home Insurance *$122$1,464
Property Taxes $107$1,284
Electricity $170$2,050
Total$1,586$19,032
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$54,377/yr
40% on housing$47,580/yr
45% on housing$42,293/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.4%
10.4%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$653This listing

vs Other Active Listings

Avg $/sqft

ZIP 55760$191
Aitkin County$196

vs Homes Sold Last Month

Median $/sqft

ZIP 55760
Aitkin County$171

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-09Price change$234,900
2026-05-14Listed for sale$239,900
2025-08-01Listing removed$239,900
2025-02-25Price change$239,900
2024-12-02Listed for sale$245,000

For Sale by Agent

AgentChristopher Cullen
BrokerageColdwell Banker Realty

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