$145,000

N Park St Minnesota Lake, MN 56068

Estimated payment $988/month

4 Beds
2 Baths
1,785 Sq Ft
$81 Price per Sq Ft

Highlights

  • Deck
  • Eat-In Kitchen
  • Forced Air Heating System
  • Corner Lot

About This Home

Welcome to a versatile property on a corner lot in Minnesota Lake, MN! Perfect for investors and owner-occupants alike. Currently set up as a duplex, home offers two separate living spaces, each with its own entrance, functional layout, and steady rental history. For those wanting a single home, the layout also allows for a simple conversion back to a traditional single-family residence, offering flexibility for future plans and long-term use. The home features 4 bedrooms, 2 bathrooms, and nearly 1,800 square feet of finished space, sitting on a generous corner lot with mature trees and easy access to nearby amenities. Owner is a licensed agent in MN.

Listing Agent

Elizabeth Greiner

TRUE REAL ESTATE Brokerage Phone: 507-345-8783 License #40730138 Listed on: 11/21/2025

TRUE REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,664

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Lot Dimensions are 66x134
  • Corner Lot

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,785 Sq Ft Home
  • 2-Story Property

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Outdoor Features

  • Deck

Location

  • Ground Level
  • Upper Level

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Water Heater

Community Details

  • 2 Units
  • Gross Income $16,800

Listing and Financial Details

  • The owner pays for trash, water/sewer
  • Assessor Parcel Number 282000450

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,664

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: Duplex - Up & Down
  • Assessments: Yes
  • Construction: Previously Owned
  • Foundation Size: 893
  • L V T Date: 11/21/2025
  • Mechanicals: Water Heater - Electric
  • Parcel Number: 282000450
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Estimated Number of Acres: 0.2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Stove, Refrigerator
  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Basement Features: Unfinished
  • Basement Material: Concrete Block
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1785
  • Total Fin Square Footage: 1785
  • Total Square Footage: 1785

Exterior Features

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

Utilities

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

Lot Info

  • Lot/Land Description: Corner Lot
  • Estimated Lot Dimensions: 66x134

Rental Info

  • Owner Expense: Trash, Water/Sewer
  • Tenant Expense: Cable TV, Electric, Snow, Fuel

Building Info

  • Year Built: 1900

Multi Family

  • Est Annual Gross Income: 16800

Tax Info

  • Year: 2025
  • Tax Value: 2664

MLS Schools

  • School District: Maple River #2135

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $2,802 $172,400 $16,000 $156,400
2024 $2,412 $142,400 $9,800 $132,600
2023 $1,836 $133,300 $9,800 $123,500
2022 $1,736 $83,600 $7,000 $76,600
2021 $1,694 $66,600 $5,300 $61,300
2020 $1,482 $66,600 $5,300 $61,300
2019 $1,436 $66,100 $4,800 $61,300
2018 $1,406 $58,500 $4,300 $54,200
2017 $1,378 $58,500 $4,300 $54,200
2015 $1,256 $54,300 $4,300 $50,000
2013 -- $85,500 $4,300 $81,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2025 11/21/25 For Sale $145,000 -- $81 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Purchase History

Date Type Sale Price Title Company
Warranty Deed $50,000 Title Resources
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $40,000 Future Advance Clause Open End Mortgage
Source: Public Records

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7039111

REALTOR® Association of Southern Minnesota

APN: 28.200.0450

Minnesota Faribault County Minnesota Lake 56068

N Park St, Minnesota Lake, MN

For Sale

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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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Elizabeth Greiner
Listing Agent
Elizabeth Greiner
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TRUE REAL ESTATE
(507) 419-4398