1531 N 2nd St Mankato, MN 56001
Tourtellotte Park NeighborhoodEstimated payment $1,175/month
Total Views
10,394
4
Beds
2
Baths
1,866
Sq Ft
$96
Price per Sq Ft
Highlights
- 2 Car Detached Garage
- Forced Air Heating System
- 5-minute walk to Tourtelotte Park/ Pool
- Franklin Elementary School Rated A
About This Home
Duplex Near Tourtellotte Park – Investment Opportunity! This duplex offers two units, each featuring 2 bedrooms and 1 bathroom. Situated just steps from scenic Tourtellotte Park, it's perfect for investors or owner-occupants alike. Both units are currently rented on a month-to-month basis, allowing the new owner the opportunity to adjust rents to market rate. Owner covers water, garbage, and gas. Tenants are responsible for electricity (separately metered). Includes a convenient double garage with alley access. Don't miss this chance to own a income-generating property and build future equity. City required rental license inspection - Just passed and renewed inspection- good for 3 years
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,642
Year Built
- Built in 1866
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 40x110
Parking
- 2 Car Detached Garage
- 1 Parking Space Included
Home Design
- Duplex
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,866 Sq Ft Home
- 2-Story Property
- Cooktop
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Partial Basement
- Stone Basement
Location
- Ground Level
- Upper Level
Utilities
- Forced Air Heating System
- Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for fuel, water/sewer
- Assessor Parcel Number R01.09.08.103.006
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,662 | $191,900 | $35,100 | $156,800 |
| 2023 | $2,630 | $195,100 | $35,100 | $160,000 |
| 2022 | $2,248 | $184,200 | $35,100 | $149,100 |
| 2021 | $2,292 | $145,000 | $35,100 | $109,900 |
| 2020 | $2,348 | $150,900 | $35,100 | $115,800 |
| 2019 | $2,468 | $150,900 | $35,100 | $115,800 |
| 2018 | $2,468 | $158,200 | $35,100 | $123,100 |
| 2017 | $2,264 | $142,800 | $35,100 | $107,700 |
| 2016 | $3,104 | $134,600 | $35,100 | $99,500 |
| 2015 | $30 | $142,700 | $35,100 | $107,600 |
| 2014 | $2,968 | $137,100 | $35,100 | $102,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | Price Changed | $184,700 | -2.0% | $99 / Sq Ft |
| 04/25/2025 04/25/25 | Price Changed | $188,500 | -5.7% | $101 / Sq Ft |
| 04/22/2025 04/22/25 | For Sale | $199,900 | -- | $107 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $30,000 | New Conventional | |
| Open | $82,000 | New Conventional | |
| Closed | $95,370 | New Conventional | |
| Previous Owner | $180,500 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Homes in Mankato, MN
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7037235
APN: R01-09-08-103-006
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