$186,900
SOLD SEP 30, 2025

720 N 2nd St Mankato, MN 56001

Riverfront Park Neighborhood
3 Beds
2 Baths
1,779 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$105 Per Sq Ft

7% Below List Price

4 Days on Market

Highlights

  • 1 Car Detached Garage
  • Eat-In Kitchen
  • Forced Air Heating and Cooling System
  • Franklin Elementary School Rated A

About This Home

As of September 2025

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.

Last Agent to Sell the Property

Angie VanEman Lynch

AMERICAN WAY REALTY Listed on: 08/18/2025

Last Buyer's Agent

Tana Stoufer

TRUE REAL ESTATE

TRUE REAL ESTATE

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

  • Tenant pays for broadband, cable TV, electric
  • The owner pays for water/sewer
  • Assessor Parcel Number R01.09.07.404.007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,316

Year Built

Built in 1888

Lot Details

0

Parking

1

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: Homestead
  • Style: Duplex - Up & Down
  • Construction: Previously Owned
  • Foundation Size: 876
  • L V T Date: 08/18/2025
  • Mechanicals: Water Heater - Gas, Water Softener-None
  • Parcel Number: R01.09.07.404.007
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Estimated Number of Acres: 0.12
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Cooktop, Dryer, Refrigerator, Washer
  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Basement Features: Unfinished
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1779
  • Total Fin Square Footage: 1779
  • Total Square Footage: 1918
  • Below Grade Finished Sq Ft: 138

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Vinyl
  • Roof: Asphalt Shingles
  • Exterior Amenities: Driveway - Asphalt

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 1

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Lot Info

  • Estimated Lot Dimensions: 33x158

Rental Info

  • Owner Expense: Water/Sewer
  • Tenant Expense: Broadband, Cable TV, Electric
  • Type of Tenancy: One Year Lease

Building Info

  • Year Built: 1888

Tax Info

  • Year: 2025
  • Tax Value: 2316

MLS Schools

  • School District: Mankato #77

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 1, 2015
Sold by
Pengelly Earlyn D and Rome Steven C
Bought by
Penro Properties Llc
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2025 09/30/25 Sold $186,900 -6.5% $105 / Sq Ft
08/22/2025 08/22/25 Pending -- -- --
08/18/2025 08/18/25 For Sale $199,900 -- $112 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

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

Agents Affiliated with this Home

  • Angie VanEman Lynch

    Seller's Agent in 2025

    Angie VanEman Lynch

    AMERICAN WAY REALTY

    (507) 381-8961

    1 in this area

    228 Total Sales

    Angie VanEman Lynch
    Section Image
  • Tana Stoufer

    Buyer's Agent in 2025

    Tana Stoufer

    TRUE REAL ESTATE

    (507) 469-9274

    1 in this area

    75 Total Sales

    Tana Stoufer
    Section Image
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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7038353

REALTOR® Association of Southern Minnesota

APN: R01-09-07-404-007

Minnesota Blue Earth County Mankato 56001 Riverfront Park

720 N 2nd St, Mankato, MN

This home is located at 720 N 2nd St, Mankato, MN 56001 and is currently priced at $186,900, approximately $105 per square foot. This property was built in 1888. 720 N 2nd St is a home located in Blue Earth County with nearby schools including Franklin Elementary School, Prairie Winds Middle School, and Mankato East Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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