421 8th Ave Madison, MN 56256
Estimated payment $1,633/month
Highlights
- Deck
- No HOA
- 1 Car Attached Garage
- Corner Lot
- Computer Room
- 4-minute walk to Big Fishy
About This Home
Located on a corner lot, along MN State Hwy 75, in Madison, MN, this incredible property is a combined triple lot in total of .32 Acre in size.
The property includes a 2728 square foot home built in 1903, and a 40’x60’ shop built in 2019.
THE HOME w/ UPSTS APARTMENT – The main floor of the home offers a walk-in enclosed entrance (mudroom), large furnished kitchen, combined dining & living room, two bedrooms, a full bath and a laundry room. The upstairs of the home is currently utilized as a separate apartment with a back private entrance and private access to the main floor laundry. The upstairs offers a living room, kitchen, full bath, computer room & single bedroom. The home also includes a 14’x22’ attached single car garage (built in 1952) and 6’x8’ deck.
Updates, Amenities & Features of the Home:
Owner purchased the property in 2006 and completely remodeled the home, including new asphalt shingles in 2006, and again in 2024. In 2007, Owner installed new vinyl siding, double hung windows, insulation, paint, flooring, electrical, plumbing, heating and air conditioning and water softener. In 2019, Owner installed a new “On Demand” water heater.
THE SHOP - In 2017, Owner poured the cement for the floor of the shop. In 2018, Owner poured the cement for the new driveway. Great Business or Storage options.
SHOP UPDATES & AMENITIES:
In 2019, Owner completed the brand new 40’ x 60’ shop. The finished shop offers steel roof & siding, is fully cemented, has an 8’x8’ private bathroom with water heater and water softener. The shop is also fully heated, offers 3 phase wiring, LED Lighting, air conditioning, and a 20-foot overhead door with automatic openers.
*The shop was inspected by the City of Madison Building Inspector & met all ordinance compliance requirements.
*September 2024 ~Owner had Olsen Plumbing of Montevideo, MN complete a full camera inspection of the sewer pipes located in the house and in the shed to ensure no obstructions or issues were present.
2024 - Owner painted the overhead garage door.
2024- Owner built new wooden steps, attached new handrails on the front & back exterior steps, and reinstalled the interior handrail leading to the upstairs apartment.
2024- Owner had replacement of the asphalt shingles.
Well-maintained improved property, including the new Shop. Located along MN State Hwy 75, in the heart of Madison, the Shop and the Home w/ Upstairs Apartment offer fantastic opportunities to be an income-producing property for years to come. Giving you a new opportunity to work from home!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,399
Year Built
- Built in 1903
Lot Details
- 0.32 Acre Lot
- Corner Lot
Parking
- 1 Car Attached Garage
Interior Spaces
- 2,000 Sq Ft Home
- 2-Story Property
- Combination Dining and Living Room
- Computer Room
- Range
- Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Deck
Utilities
- Forced Air Heating and Cooling System
- 200+ Amp Service
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 540608000
Map
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 | $2,512 | $153,200 | $7,000 | $146,200 |
| 2023 | $2,850 | $169,400 | $7,000 | $162,400 |
| 2022 | $2,458 | $140,800 | $7,000 | $133,800 |
| 2021 | $2,136 | $135,000 | $7,000 | $128,000 |
| 2020 | $2,080 | $114,900 | $7,000 | $107,900 |
| 2019 | $1,800 | $112,500 | $7,000 | $105,500 |
| 2018 | $1,188 | $104,700 | $7,000 | $97,700 |
| 2017 | $1,212 | $65,100 | $7,000 | $58,100 |
| 2016 | $1,174 | $68,900 | $7,000 | $61,900 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2025 05/23/25 | For Sale | $269,000 | -- | $135 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $20,000 | New Conventional | |
| Closed | $13,000 | Credit Line Revolving |
Source: NorthstarMLS
MLS Number: 6728471
APN: 54-0608-000
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