311 N Prairie ST Active 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
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