311 Prairie ST Active Save Request In-Person Tour Request Virtual Tour
Lake City,MN 55041
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,710 sqft
Price per Sqft $116
Subdivision Lake City
MLS Listing ID 6704473
Style (MF) Duplex Up and Down
Bedrooms 5
Year Built 1910
Annual Tax Amount $3,008
Lot Size 8,712 Sqft
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
Community Lake City
Interior
Heating Boiler
Laundry Electric Dryer Hookup,Washer Hookup
Exterior
Parking Features Driveway - Gravel
Garage Spaces 2.0
Roof Type Age 8 Years or Less
Building
Lot Description Tree Coverage - Medium
Water City Water/Connected