Seller's Agent in 2025
Angie VanEman Lynch
AMERICAN WAY REALTY
(507) 381-8961
1 in this area
225 Total Sales
720 N 2nd St Mankato, MN 56001
Riverfront Park NeighborhoodEstimated Value: $186,000 - $243,000
3
Beds
2
Baths
1,779
Sq Ft
$115/Sq Ft
Est. Value
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 2025Updated 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
- Tenant pays for broadband, cable TV, electric
- The owner pays for water/sewer
- Assessor Parcel Number R01.09.07.404.007
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 18, 2025
Closed on
Sep 23, 2025
Sold by
Bought by
Seller's Agent
Angie VanEman Lynch
AMERICAN WAY REALTY
Buyer's Agent
Tana Stoufer
REALTY EXECUTIVES ASSOCIATES
List Price
$199,900
Sold Price
$186,900
Premium/Discount to List
-$13,000
-6.5%
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,818
Avg. Annual Appreciation
12.53%
Original Mortgage
$149,520
Outstanding Balance
$134,496
Interest Rate
6.58%
Mortgage Type
Credit Line Revolving
Estimated Equity
$69,222
Purchase Details
Closed on
Sep 1, 2015
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $186,900 | Stewart Title Company | ||
| -- | -- |
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 | Borrower | Loan Amount |
|---|---|---|---|
| Open | $149,520 |
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 |
|---|---|---|---|---|
| 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
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 |
|---|---|---|---|---|
| 2026 | $2,500 | $193,100 | $16,800 | $176,300 |
| 2025 | $2,500 | $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
-
Tana Stoufer
Buyer's Agent in 2025
Tana Stoufer
Realty Executives
(507) 469-9274
1 in this area
79 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7038353
APN: R01-09-07-404-007
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.
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