Lake City, MN 55041,311 N Prairie ST
Lake City, MN 55041,311 N Prairie ST
Lake City, MN 55041,311 N Prairie ST
Lake City, MN 55041,311 N Prairie ST
Lake City, MN 55041,311 N Prairie ST
Lake City, MN 55041,311 N Prairie ST
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$ 315,000
Est. payment | /mo

2,010 SqFt


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$ 315,000
Est. payment | /mo
Save

2,010 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,010 sqft

Price per Sqft $156

Subdivision Lake City

MLS Listing ID 6704473

Year Built 1910

Annual Tax Amount $2,904

Tax Year 2025

Contingent None

Lot Size 9,147 Sqft

Acres 0.21

Lot Dimensions 60x150

Property Sub-Type Duplex Up and Down

Property Description

Welcome to this beautifully maintained and income-producing duplex in a convenient and charming location! With over 2,000 finished square feet on a spacious 9,000 sq ft lot, this versatile property offers flexible living and investment potential. Each unit is updated and move-in ready, with separate electric meters, shared gas and water/sewer service, and thoughtful upgrades throughout.

The main level (Snowdrop Apartment) features 3 bedrooms, 1 full bath, in-unit laundry, and beautifully refinished hardwood floors. The upper level (Marigold Apartment) includes 2 bedrooms, 1 ¾ baths, new carpet, fresh paint, updated light fixtures, and more. Both units are fully furnished and currently used as successful short-term rentals, generating over $33,500 in gross revenue in the past year.

Additional features include a new roof (2024), updated landscaping, closed off interior stairwell for privacy, and a cozy backyard firepit area—perfect for outdoor relaxation. Driveway has minor cosmetic needs, and three upper windows are due for replacement.

This home can be sold furnished and rental-ready, or unfurnished for owner occupancy or long-term tenants. Rental books and furnishings can be transferred or cleared prior to closing, depending on buyer preference.

If you like this property, be sure to check out our other listing at 314 N High St—these two are owned together and have a lot in common!

Location

State MN

County Wabasha

Zoning Residential-Multi-Family

Rooms

Basement Stone/Rock

Interior

Heating Boiler

Fireplace No

Exterior

Parking Features Gravel

Garage Spaces 2.0

Roof Type Age 8 Years or Less

Building

Lot Description Many Trees

Story Two

Foundation 1397

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Vinyl Siding

New Construction false

Schools

School District Lake City

Listed by Amy Dills • Brick & Banister Real Estate
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311 N Prairie ST