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Five Corners Homes for Sale

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  • /9

    $224,800

    • 6 Beds
    • 2 Baths
    • 2,107 Sq Ft

    112 S 5th St, Mankato, MN 56001

    Investment opportunity in Downtown Mankato! This duplex offers strong income potential and endless possibilities for the right buyer. Whether you're looking to expand your rental portfolio, live in one unit while renting the other, or renovate and increase value, this property is full of opportunity. Each unit provides functional living space with the chance to add your own updates and

    Candee Deichman Century 21 Atwood

    112 S 5th St, Mankato, MN 56001
  • /9

    $224,800

    • 5 Beds
    • 2 Baths
    • 2,107 Sq Ft

    S S 5th St, Mankato, MN 56001

    Investment opportunity in Downtown Mankato! This duplex offers strong income potential and endless possibilities for the right buyer. Whether you're looking to expand your rental portfolio, live in one unit while renting the other, or renovate and increase value, this property is full of opportunity. Each unit provides functional living space with the chance to add your own updates and

    Candee Deichman CENTURY 21 ATWOOD

    S S 5th St, Mankato, MN 56001
  • /27

    $209,900

    $9K PRICE DROP
    • 3 Beds
    • 1 Bath
    • 1,569 Sq Ft

    109 S 4th St, Mankato, MN 56001

    This versatile three-bedroom single-family home comes with a rental license and no occupancy limit, making it an excellent investment opportunity. The property features a spacious lot that extends to the alley, complete with a 29x22 parking pad. The main floor boasts beautiful original oak flooring and woodwork throughout the enclosed front entry, living room, dining room, and sunroom with

    Karla Van Eman AMERICAN WAY REALTY

    109 S 4th St, Mankato, MN 56001
  • /9

    $599,000

    • 6 Beds
    • 6 Baths
    • 3,820 Sq Ft

    E E Walnut St, Mankato, MN 56001

    Fully leased six-unit investment property in downtown Mankato. Building features a newer roof, energy-efficient windows, baseboard heat, separate electrical meters, & secure common entrance.

    Shawna Wolfe Keller Williams Premier Realty

    E E Walnut St, Mankato, MN 56001

Why Live in Five Corners

Five Corners is a downtown Mankato neighborhood rich in arts and culture, from sculptures along the sidewalks to live performances at the Mayo Clinic Health System Event Center. The area has experienced revitalization over the past decade, blending modern businesses with historical charm. Home styles in Five Corners include Victorian, Queen Anne and Craftsman, and many single-family homes are priced below the median for Blue Earth County. The neighborhood is well-connected, with sidewalks linking residents to downtown amenities. Schools in the area are well-rated, and students can attend Washington Elementary, Prairie Winds Middle and Mankato East High, which has a 93% graduation rate and various after-school programs. Local attractions include the Mankato Symphony Orchestra, Carnegie Art Center and the Blue Earth County Library, offering a variety of cultural experiences. Jackson Street Park and Malda Farnham Park provide green spaces, while Mount Kato's ski slopes are just 3 miles away. Essential services and shopping are conveniently located, with a Hy-Vee Grocery Store half a mile away and River Hills Mall just over 3 miles away. Major employers like the Mayo Clinic Health System and Taylor Corporation are within a short drive, and the Greater Mankato Transit System offers bus routes to key destinations.

Five Corners Home Prices vs. Nearby Mankato, MN Neighborhoods

Five Corners Riverfront Park The Prairie Tourtellotte Park
Median Home Price
$227,000
$229,900
$206,950
$227,500
Median Sale Price
$240,000
+182% YoY
$220,000
+35% YoY
$204,000
$212,950
+4% YoY
Median Single Family Price
$209,900
$223,825
$204,000
$219,900
Total Active Listings
1
0
3
0
Market Conditions
12 Months of Supply
Buyer's Market
0 Months of Supply
Seller's Market
2 Months of Supply
Seller's Market
0 Months of Supply
Seller's Market

Frequently Asked Questions

Is Five Corners a good place to live?
Five Corners is a good place to live. Five Corners is considered somewhat walkable and bikeable with some transit options. Five Corners has 1 park for recreational activities. It is fairly dense in population with 11.0 people per acre and a median age of 32. The average household income is $56,342 which is below the national average. College graduates make up 30.2% of residents. A majority of residents in Five Corners are renters, with 72% of residents renting and 28% of residents owning their home. A local real estate agent serving Five Corners can help you decide if this neighborhood is the right one for you. Learn more on our Five Corners neighborhood guide.
Is Five Corners, MN a safe neighborhood?
Five Corners, MN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.
How much do you need to make to afford a house in Five Corners?
The median home price in Five Corners is $227,000. If you put a 20% down payment of $45,400 and had a 30-year fixed mortgage with an interest rate of 6.47%, your estimated principal and interest payment would be $1,140 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $49K a year to afford the median home price in Five Corners. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Five Corners is $56K.
What are the best public schools in Five Corners?
The best public schools that serve Five Corners are:
What are the best private schools in Five Corners?
The best private schools that serve Five Corners are:
What are the most popular zip codes in Five Corners, Mankato, MN?
The most popular zip codes in Five Corners, Mankato, MN include 56001, 56003, 56024, 56082 and 56050.
What are the most popular neighborhoods near Five Corners, Mankato, MN?
The most popular neighborhoods near Five Corners, Mankato, MN are Liberty Park, Lincoln Park, Alexander Park, Washington Park and Highland Park.
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