Tri-Plex Home In Owatonna, MN on Large City Lot 

Bidding Opens: Friday August 8, 2025 at 8:00am
Bidding Starts Closing: Monday August 18, 2025 at 4:00pm

Property Location: 241 Rose Street E., Owatonna, MN 55060 

Property Details
•    3 Rental Unit Home, with separate electrical meters
•    Large City Lot, 68’x213’ with back-alley access and driveway off of Rose Street
•    40’x22’ Detached 3 car garage, with service door and 3 overhead doors 
•    First Unit: 2 Bedroom, 1 Bath with full access to entire basement. Full Kitchen with living room, two door access, was used as primary residence for owner. All located on main floor and basement. 
•    Second Unit: 1 Bedroom, 1 Bath with full kitchen and living space, located on the main floor of the home. 
•    Third Unit: 2 Bedroom, 1 Bath located on second floor, currently under construction and not finished, has space for full kitchen, some building materials will be left. 
•    There are no current tenants or rental agreements in place on this property. 
•    PID: 17-100-2112, Taxes for 2025 $2,788.00 
•    Property Class: 204 1 to 3 Unit Dwelling 
•    Total living area from county records is 1,979 Square Feet 
•    This property offers a great investment opportunity for an owner/occupant or as an addition to an investment portfolio. 

Open House Dates: 
Tuesday August 12 from 4:00pm to 5:30pm
Thursday August 14 from 4:00pm to 5:30pm

Dan Blum, owner/seller 

Terms: $7,500.00 earnest money down the day of the auction, which is non-refundable if the buyer(s) fails to close on said property. The balance is due and payable in full to the sellers on or before September 23, 2025; at which time the buyer(s) shall receive possession and marketable title. All real estate is selling in AS-IS condition with no warranties or guarantees expressed or implied by the sellers or any of their agents. All real estate sells with no contingencies whatsoever. It will be up to the buyers to ensure this property conforms will all local/state laws and regulations being a multi-unit residential property. All bidders/buyers must have their financing in order prior to bidding on said property. Broker: HM Auction Lic# 409109181 

After hitting Register For Auction, please contact the auction company with your banks Pre-Approval letter or available funds letter. This will be needed to obtain your bidding number to bid on this property. If you are the successful bidder you will be contacted for signing a purchase agreement, which will need to be completed within 24 hours after the close of the auction. Please email questions to info@hmauction.com or call 800-801-4502. 

Broker: HM Auction Lic# 409109181

Property is open to thorough public inspection. It is the Bidder's responsibility to determine condition, age, genuineness, value or any other determinative factor. Hamilton-Maring Auction Group, may attempt to describe the merchandise in advertising on the internet and at the auction but makes no representations. In no event shall Hamilton-Maring Auction Group, be held responsible for having made or implied any warranty of merchantability or fitness for a particular purpose. Bidder shall be the sole judge of value. Bidder agrees that everything is sold AS-IS where is and that they may not return any item(s) they purchase. Hamilton-Maring Auction Group, is providing Internet pre-auction and live bidding as a service to bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of auction. Under no circumstances shall bidder have any kind of claim against Hamilton-Maring Auction Group, or anyone else if the Internet service fails to work correctly before or during the live auction. Hamilton-Maring Auction Group, will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy-bidding feature and leave their maximum bid 24 hours before the auction begins. Hamilton-Maring Auction Group reserves the right to withdraw or re-catalog items in this auction.

The information set forth is believed to be accurate. However, the seller(s) of the properties and HM (Hamilton-Maring) Auction Group make no warranties or guaranties expressed or implied. Information contained in this document was collected from sources deemed to be reliable and is true and correct to the best of the writer’s knowledge. Auctioneers and seller(s) will not be held responsible for advertising discrepancies or inaccuracies. ALL ANNOUNCEMENTS ON AUCTION DAY OR UPDATED AUCTION DAY TERMS ONLINE TAKE PRECEDENCE OVER PREVIOUSLY ADVERTISED INFORMATION. HM Auction Group is the agent for the sellers. Auctions are with reserves, minimum bids, or subject to seller acceptance or rejections unless otherwise advertised as “Absolute Auction selling without Reserve.” Information provided by the seller(s) and or obtained by HM Auction Group is deemed reliable and correct however all property is sold as is, where is and all buyer(s) or seller(s) agree to hold harmless HM Auction Group and our employees for any errors or omissions regarding anything being sold. Prospective buyers are advised to consult with an attorney of their choice with respect to the purchase of any real property including but not limited to, seeking legal advice from their own attorney regarding disclosures and disclaimers set forth.

AGENCY DISCLOSURE: HM Auction Group is representing the seller in this transaction. 

LEASES: There is no current leases in place on said property. 

POSSESSION: Possession will be at closing, unless otherwise agreed to in writing and agreeable by buyer(s) and seller(s). 

ENVIRONMENTAL DISCLAIMER: The seller(s), auctioneer(s), and broker do not warrant with respect to the existence or nonexistence of any pollutants, contaminants or hazardous waste prohibited by federal, state, or local law. Buyer(s) is responsible for inspection of the property prior to purchase for conditions including but not limited to water quality, and environmental conditions that may affect the usability or value of the property. No warranties are made as to the existence or nonexistence of water wells on the property, or the condition of any wells.

ONLINE BIDDING: You acknowledge that the internet or data connection may be unreliable and subject to network error. HM Auction Group will not guarantee that bids placed online will be transmitted to or received by auctioneer in a timely fashion. You agree to hold HM Auction Group and its employees harmless for any interruptions in online bidding. At the sole discretion of the company or auctioneer the auction may be suspended, postponed, or cancelled if the internet service is unstable or interrupts any live or online auction. The auctioneer has the sole discretion to add, delete or change some of our online auctions or services and the terms or conditions governing our online auctions at any time without notice.

PROPERTY SOLD WITHOUT WARRANTY: All dimensions & descriptions are approximations only based upon the best information available & are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the seller, broker or auctioneer, their employees, or agents The property will be sold AS IS & without any warranties or representations, express or implied.