$79,500

617 W 3rd St Madison, MN 56256

Estimated payment $468/month

Total Views 2,906
1 Bed
1 Bath
713 Sq Ft
$112 Price per Sq Ft

About This Home

Income property! This home could be used as your residence with either the upper or lower being rented out to another party. The upstair apartment is very nice with a rear entrance large kitchen, living, dining area, full bathroom, laundry room and 2 bedrooms! The main floor has 1 Bedroom and a newly remodeled bathroom. Living, Dining and Large kitchen, its own laundry room! The shingles and siding are just 2 years old! This could be a wonderful income property! With the added income of the additional rental option! There is a partial fence in the rear and yard. 2 Apartment building. Over/Under. Each has their own entrance. THE WAY IT SITS NOW IS MAIN FLOOR IS THE OWNER THE TOP RENTAL IS NOW VACANT, ON PURPOSE FOR THE SALE. THE OWNER TAKES CARE OF UTILITIES AND RENTS OUT THE UP APARTMENT FOR 800 MONTH. THE UTILITY EXPENSES ARE WATER, SEWER, ELECTRICITY, AND GARBAGE ARE ALL ON ONE BILL. THE GAS FOR HEATING IS SEPARATE, AND IS ESTIMATED. WILL PROVIDE MORE ACURATE INFORMATION IF YOU ARE AN INTERESTED PARTY.

Listing Agent

Dawn Peterson

Peterson Team Realty Listed on: 06/01/2026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $372

Year Built

  • Built in 1900

Home Design

  • Duplex
  • Poured Concrete
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 713 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Partial Basement
  • Laundry on main level

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Additional Features

  • Lot Dimensions are 30x75
  • Forced Air Heating System

Community Details

  • 2 Units
  • City/Madison Subdivision

Listing and Financial Details

  • Assessor Parcel Number 540299000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$372

Year Built

Built in 1900

Lot Details

2,178 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Duplex Up and Down
  • Outside Features: Vinyl
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 713
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Unfinished
  • Living Area: 713
  • Basement YN: Yes
  • Amenities: Washer/Dryer Hookup
  • Appliances: Dryer, Range, Refrigerator, Washer

Beds/Baths

  • Total Bedrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less, Asphalt
  • Foundation Details: Poured Concrete

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • LaundryFeatures: Main Level, Upper Level
  • Electric: Circuit Breakers
  • Fuel: Natural Gas

Schools

  • Junior High Dist: Lac Qui Parle Valley
  • SchoolDistrictPhone: 3207524205

Lot Info

  • Waterfront YN: No
  • Lot Size: 30x75
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Frame
  • Units Total: 2

Tax Info

  • Tax Year: 2026
  • Assessor Parcel Number: 540299000
  • Tax Annual Amount: 372
  • TaxWithAssessments: 372

Multi Family

  • ElectricExpense: 3600
  • FuelExpense: 600

Map

Range of Values:

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Value Increase
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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $372 $26,100 $2,900 $23,200
2024 $352 $25,500 $2,300 $23,200
2023 $666 $29,100 $2,300 $26,800
2022 $304 $21,200 $2,300 $18,900
2021 $594 $21,200 $2,300 $18,900
2020 $586 $19,200 $2,300 $16,900
2019 $568 $18,600 $2,300 $16,300
2018 $724 $18,600 $2,300 $16,300
2017 $734 $16,700 $2,300 $14,400
2016 $628 $17,700 $2,300 $15,400
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/01/2026 06/01/26 For Sale $79,500 -- $112 / Sq Ft
Source: NorthstarMLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $10,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $19,000 New Conventional
Source: Public Records

Source: NorthstarMLS

MLS Number: 7084703

NorthstarMLS

APN: 54-0299-000

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