Drew Brudvig
RE/MAX DYNAMIC AGENTS
(507) 410-0620
26 Total Sales
1 in Lincoln Park
$35,000 Price
722 S Broad St Mankato, MN 56001
Lincoln Park Neighborhood
4
Beds
4
Baths
2,970
Sq Ft
8,712
Sq Ft Lot
Highlights
- Fireplace
- Porch
- Landscaped with Trees
- Jefferson Elementary School Rated A-
- 2 Car Attached Garage
- 1-minute walk to Lincoln Park
About This Home
As of September 2025Beautifully maintained, turnkey fourplex fully rented with strong upside potential in a prime quiet neighborhood. This classic building features spacious units with original woodwork, coffered ceilings and abundant natural light blending vintage charm with modern comfort. All units are currently rented, making this an excellent opportunity for immediate cash flow. Additional upside available through market rents and recapturing utility expenses. This well preserved historic property is easy to rent with strong tenant appeal. Located near public transit, dining and schools. Whether you're looking to owner occupy, expand your portfolio or start with a stable multifamily property, this fourplex is a smart investment with long term growth potential.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,778
Year Built
- Built in 1916
Lot Details
- 8,712 Sq Ft Lot
- Lot Dimensions are 56 x 158
- Landscaped with Trees
Parking
- 2 Car Attached Garage
- Driveway
- On-Street Parking
- Off-Street Parking
Home Design
- Quadruplex
- Brick Exterior Construction
- Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 2,970 Sq Ft Home
- 2-Story Property
- Fireplace
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Stone Basement
Outdoor Features
- Porch
Utilities
- Hot Water Heating System
- Boiler Heating System
- Radiant Heating System
- Gas Water Heater
Community Details
- 4 Units
Listing and Financial Details
- Tenant pays for electric, trash, water/sewer, fuel
- The owner pays for lawn, maint/repair, snow, trash, water/sewer
- Assessor Parcel Number R010918156010
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
Apr 16, 2025
Closed on
Sep 30, 2025
Sold by
Bought by
Seller's Agent
Carlos Carrera
RE/MAX DYNAMIC AGENTS
Buyer's Agent
Carlos Carrera
RE/MAX DYNAMIC AGENTS
List Price
$429,900
Sold Price
$395,000
Premium/Discount to List
-$34,900
-8.12%
Views
36
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
$3,145
Avg. Annual Appreciation
0.89%
Purchase Details
Closed on
May 29, 2018
Sold by
Bought by
Purchase Details
Closed on
Jul 24, 2012
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lincoln Park, MN
-
Drew Brudvig
-
Jeremy Kolars
Jeremy Kolars
Responds QuicklyREALTY EXECUTIVES ASSOCIATES
(507) 575-4655
85 Total Sales
1 in Lincoln Park
$179,000 Price
-
Shawna Wolfe
Shawna Wolfe
Responds QuicklyKeller Williams Premier Realty
(507) 528-7147
90 Total Sales
4 in Lincoln Park
$160K - $195K Price Range
-
Julie Westman
Julie Westman
Responds QuicklyGreen Tree Realty
(952) 592-2676
67 Total Sales
1 in Lincoln Park
$220,000 Price
-
Sonja Zoet
Sonja Zoet
Responds QuicklyReal Broker, LLC
(507) 736-5633
233 Total Sales
3 in Lincoln Park
$110K - $270K Price Range
-
Cheryl Krengel
Cheryl Krengel
Responds QuicklyJBEAL REAL ESTATE GROUP
(507) 478-7924
80 Total Sales
1 in Lincoln Park
$370,000 Price
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 | $395,000 | Premier Title Services Llc | |
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
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 |
|---|---|---|---|
| Previous Owner | $336,500 | Credit Line Revolving | |
| Previous Owner | $128,195 | New Conventional | |
| Previous Owner | $205,068 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $223,680 | Commercial |
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 | $395,000 | -4.8% | $133 / Sq Ft |
| 08/28/2025 08/28/25 | Pending | -- | -- | -- |
| 07/23/2025 07/23/25 | Price Changed | $414,900 | -1.2% | $140 / Sq Ft |
| 06/09/2025 06/09/25 | Price Changed | $419,900 | -2.3% | $141 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $429,900 | -- | $145 / 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 | $6,038 | $383,400 | $31,400 | $352,000 |
| 2025 | $6,038 | $411,000 | $31,400 | $379,600 |
| 2024 | $5,916 | $428,400 | $31,400 | $397,000 |
| 2023 | $5,634 | $428,700 | $31,400 | $397,300 |
| 2022 | $5,482 | $396,200 | $31,400 | $364,800 |
| 2021 | $4,954 | $355,400 | $31,400 | $324,000 |
| 2020 | $4,940 | $318,900 | $31,400 | $287,500 |
| 2019 | $4,304 | $318,900 | $31,400 | $287,500 |
| 2018 | $4,234 | $277,000 | $31,400 | $245,600 |
| 2017 | $3,792 | $274,600 | $26,500 | $248,100 |
| 2016 | $3,784 | $255,700 | $26,500 | $229,200 |
| 2015 | $37 | $255,700 | $26,500 | $229,200 |
| 2014 | $3,948 | $255,700 | $26,500 | $229,200 |
Source: Public Records
Agents Affiliated with this Home
-
Carlos Carrera
Seller's Agent in 2025
Carlos Carrera
RE/MAX
(507) 720-4663
1 in this area
38 Total Sales
Map
Source: REALTOR® Association of Southern Minnesota
MLS Number: 7037192
APN: R01-09-18-156-010
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.
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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