720 N 2nd St Mankato, MN 56001
Riverfront Park NeighborhoodEstimated payment $1,282/month
Total Views
914
3
Beds
2
Baths
1,779
Sq Ft
$112
Price per Sq Ft
Highlights
- Very Popular Property
- 1 Car Detached Garage
- Forced Air Heating and Cooling System
- Franklin Elementary School Rated A
- Eat-In Kitchen
About This Home
Updated duplex in a convenient downtown Mankato location! The main floor unit offers 1BR/1BA with a porch/office space and newer flooring, leased at $875/month through next summer. The upper unit features 2BR/1BA with an eat-in kitchen and fresh updates, previously rented at $975/month and currently vacant—perfect for a new tenant or owner-occupant. Each unit has private in-unit laundry, plus a 16’x26’ garage with a brand-new roof (2025). Licensed for up to 5 unrelated occupants per unit, this property is a prime income opportunity with strong rental history and downtown convenience.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,316
Year Built
- Built in 1888
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 33x158
Parking
- 1 Car Detached Garage
- Driveway
Home Design
- Duplex
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,779 Sq Ft Home
- 2-Story Property
Kitchen
- Eat-In Kitchen
- Cooktop
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Location
- Ground Level
- Upper Level
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
Community Details
- 2 Units
Listing and Financial Details
- The owner pays for water/sewer
- Assessor Parcel Number R01.09.07.404.007
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 |
|---|---|---|---|---|
| 2025 | $2,336 | $169,400 | $16,800 | $152,600 |
| 2024 | $2,336 | $168,200 | $16,800 | $151,400 |
| 2023 | $2,240 | $168,700 | $16,800 | $151,900 |
| 2022 | $2,286 | $156,600 | $16,800 | $139,800 |
| 2021 | $2,218 | $147,400 | $16,800 | $130,600 |
| 2020 | $2,114 | $135,700 | $16,800 | $118,900 |
| 2019 | $2,062 | $135,700 | $16,800 | $118,900 |
| 2018 | $1,994 | $132,000 | $16,800 | $115,200 |
| 2017 | $1,806 | $128,700 | $16,800 | $111,900 |
| 2016 | $1,396 | $121,000 | $16,800 | $104,200 |
| 2015 | $13 | $226,600 | $33,600 | $193,000 |
| 2014 | $1,718 | $108,900 | $16,800 | $92,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/18/2025 08/18/25 | For Sale | $199,900 | -- | $112 / Sq Ft |
Source: REALTOR® Association of Southern Minnesota
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $112,500 | New Conventional | |
| Closed | $69,513 | New Conventional | |
| Previous Owner | $25,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Similar Homes in Mankato, MN
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7038353
APN: R01-09-07-404-007
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