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Lake City, MN Multifamily Homes & Duplexes for Sale

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    $324,900

    • 6 Beds
    • 5 Baths
    • 2,784 Sq Ft

    408 W Lyon Ave, Lake City, MN 55041

    Excellent Investment Opportunity – High-Producing Triplex Near Downtown! Don’t miss this well-maintained and income-generating triplex just minutes from downtown and the scenicRiver Walk! Featuring numerous updates throughout, this property boasts a strong rental history withreliable, long-term tenants. Each unit has separate entrances, offering a great mix of privacy andconvenience

    Heidi Hartzell Lakes Sotheby's International Realty

    408 W Lyon Ave, Lake City, MN 55041
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    $295,000

    • 4 Beds
    • 2 Baths
    • 2,179 Sq Ft

    314 N High St, Lake City, MN 55041

    This beautifully updated duplex offers flexibility, charm, and strong rental potential—all on a spacious 13,125 sq ft lot. With over 2,100 finished square feet, the property includes two well-appointed units:The Jasmine Apartment (main floor) features 2 bedrooms, 1 full bath, in-unit laundry, and approx. 1,100 sq ft.The Fire Lily Apartment (upper level) offers 2 bedrooms, 1 bath, and approx.

    Amy Ranae Dills Brick & Banister Real Estate

    314 N High St, Lake City, MN 55041
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    $295,000

    • 5 Beds
    • 2 Baths
    • 2,010 Sq Ft

    311 N Prairie St, Lake City, MN 55041

    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

    Amy Ranae Dills Brick & Banister Real Estate

    311 N Prairie St, Lake City, MN 55041

Why Live in Lake City

Lake City, Minnesota, is a charming riverside community situated along Lake Pepin on the Mississippi River, renowned as the birthplace of water skiing. This small city is a haven for water enthusiasts, offering numerous waterfront parks and beaches perfect for boating, fishing, and other water sports. The area hosts vibrant riverfront festivities and sports tournaments, making it ideal for those who enjoy an active lifestyle. Golfing is also popular, with several courses and country clubs surrounding the city. The historic district showcases a rich collection of 19th-century architecture, including Queen Anne, colonial, and Folk Victorian homes, alongside more modern ranch-style and Cape Cod residences. New developments feature contemporary ranch and New Traditional designs. Lake City is known for its attractions, such as Hok-Si-La Park, which spans over 250 acres and includes campgrounds and a public beach. Ohuta Park offers a Riverwalk Trail, playground, and hosts summer festivals like Water Ski Days. The Jewel Golf Club and Lake City Golf are open to the public, while Frontenac State Park provides hiking trails and bird watching opportunities. The waterfront area is dotted with dining options like Kelly’s Lake House Bar & Grill and shopping venues such as Lake Pepin Pearl Button Company. Lake City Fresh Market caters to grocery needs, with Walmart located 15 miles away in Red Wing. U.S. Highways 61 and 63 provide connectivity, with Rochester International Airport 45 miles away.

Home Trends in Lake City, MN

Housing Trends

Median Sale Price
$301,450
Median Single Family Sale Price
$333,000
Median Townhouse Sale Price
$320,000
Average Price Per Sq Ft
$205
Number of Homes for Sale
36
Last 12 months Home Sales
94
Months of Supply
4.60
Median List Price
$335,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
6%
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