311 N Prairie ST new Save Request In-Person Tour Request Virtual Tour
Lake City,MN 55041
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
Lot Size 9,147 Sqft
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.
Location
State MN
County Wabasha
Zoning Residential-Multi-Family
Interior
Heating Boiler
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
Structure Type Vinyl Siding
New Construction false
Schools
School District Lake City