$750,000
- 3 Beds
- 3 Baths
- 3,170 Sq Ft
1329 S Oak St, Lake City, MN 55041
Sonda Featherstone Featherstone Real Estate, LLC
$750,000
1329 S Oak St, Lake City, MN 55041
Sonda Featherstone Featherstone Real Estate, LLC
$324,900
408 W Lyon Ave, Lake City, MN 55041
Heidi Hartzell Lakes Sotheby's International Realty
$295,000
314 N High St, Lake City, MN 55041
Amy Ranae Dills Brick & Banister Real Estate
$295,000
311 N Prairie St, Lake City, MN 55041
Amy Ranae Dills Brick & Banister Real Estate
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.
On average, homes in Lake City, MN sell after 41 days on the market compared to the national average of 70 days. The median sale price for homes in Lake City, MN over the last 12 months is $430,000, up 59% from the median home sale price over the previous 12 months.
In Lake City, there are currently 4 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $295,000 to $750,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Lake City is $570,000, while the average sale price is $435,000, offering insights into the local housing market. On average, multi-family homes spend 41 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Lake City, MN.