Property Listing
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!
Property Information
Status: Active
Sub Type: ********
List Price: $295,000
MLS#: 6704473
Current Price: $295,000
Address: 311 N Prairie Street, Lake City, MN 55041
City: Lake City
State: MN
Postal Code: 55041
Geo Lat: 44.449705
Geo Lon: -92.265035
Subdivision: Lake City
County: Wabasha
Property Description
Year Built: 1910
Lot Size SqFt: 8712
Gen Tax: 3008
Specials Inst: 103.76
High School: ********
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 2710
Style: Array
Total Bedrooms: 5
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: