MN
Wabasha
Lake City
55041
311 N Prairie Street
311 N Prairie Street, Lake City, MN 55041
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Listing Type
Multi Family
Listing Status
pending
47
$285,000

Home Details for 311 N Prairie Street

Price
$285,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
2010
Year built
1910
Lot size acres
0.21
County
Wabasha
Garage
2
Basement
Crawl Space
Days on site
158
MLS Listing#
6704473
Property Description

Welcome to this beautifully maintained and income-producing duplex in a convenient and charming location! With over 2,000 finished square feet on a spacious 9,000 sq ft lot, this versatile property offers flexible living and investment potential. Each unit is updated and move-in ready, with separate electric meters, shared gas and water/sewer service, and thoughtful upgrades throughout. The main level (Snowdrop Apartment) features 3 bedrooms, 1 full bath, in-unit laundry, and beautifully refinished hardwood floors. The upper level (Marigold Apartment) includes 2 bedrooms, 1 ¾ baths, new carpet, fresh paint, updated light fixtures, and more. Both units are fully furnished and currently used as successful short-term rentals, generating over $33,500 in gross revenue in the past year. Additional features include a new roof (2024), updated landscaping, closed off interior stairwell for privacy, and a cozy backyard firepit area—perfect for outdoor relaxation. Driveway has minor cosmetic needs, and three upper windows are due for replacement. This home can be sold furnished and rental-ready, or unfurnished for owner occupancy or long-term tenants. Rental books and furnishings can be transferred or cleared prior to closing, depending on buyer preference. If you like this property, be sure to check out our other listing at 314 N High St—these two are owned together and have a lot in common!

Property Features
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • Cable Available
  • Parking
    • Gravel
  • Basement
    • Crawl Space
Listing Courtesy: Brick & Banister Real Estate - 612-481-2520
NorthstarMLS logo Based on information submitted to the MLS GRID as of 2025-09-12 13:45:47. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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EXIT REALTY RIVERTOWN
2966 North Service Drive, Red Wing, MN 55066
Office
651 388 2122
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