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301 Elmwood Street E

Lanesboro, MN 55949

– beds
– baths
2,360 sqft
$82 per sqft
1890 build
– on site

Come take advantage of this income-producing Triplex in the heart of Lanesboro, MN! Sitting in a great location in the center of historic Lanesboro, MN; this versatile triplex offers a fantastic opportunity for both investors and owner-occupants! With two active rental units and an opening for another tenant; this property offers a possibility of $1650 of rental in come per month. Featuring four total spacious bedrooms and three total bathrooms, each dwelling is thoughtfully designed for comfort and functionality. The large lot provides ample space for outdoor enjoyment, whether it's gardening, entertaining, or simply taking in the beauty of this charming town! Located just moments from downtown shops, dining, the Root River State Trail, and cultural attractions, tenants and owners alike will appreciate the convenience and vibrant community atmosphere. Whether your looking to expand your investment portfolio or find a home with rental income, this property is a rare find in one of Minnesota's most sought-after small towns. Schedule a showing today!

Listing courtesy of NORTHSTAR / Kristofor Lindahl / Kris Lindahl Real Estate

Last checked: Checking… • Last updated Mar 10, 2025 •

MLS# 6658278 —

The Building

Year Built:

1890
New Construction:

false
Age Of Property:

135
Construction Materials:

Wood Siding
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1008.0000
Basement:

Block
Basement:

true
Foundation Area:

1008
Building Area Total:

2520
Above Grade Finished Area:

1512
Below Grade Finished Area:

848

Room Dimensions

Living Area:

2360

Location

Directions:

Highway 52 South to County Road 8, home is on your Right
Latitude:

43.720657
Longitude:

-91.973818

The Property

Parcel Number:

190232000
Property Type:

Residential Income
Property Subtype:

Triplex
Additional Parcels:

false
Lot Features:

Corner Lot
Lot Size Area:

0.32
Lot Size Dimensions:

140x100
Lot Size Units:

Acres
Road Frontage Type:

City Street
Road Responsibility:

Public Maintained Road
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

2182
Tax With Assessments:

2182.0000

Heating & Cooling

Heating:

Forced Air

Utilities

Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Three

Schools

High School District:

Lanesboro

The Community

Subdivision Name:

Lanesboro Original
Assessment Pending:

Unknown

Parking

Parking Features:

None

Extra Units

# of Units Total:

3

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price
3/6/25 Mar 6, 2025	Listed / Active	NORTHSTAR	$195,000
8/5/20 Aug 5, 2020	Price Changed	NORTHSTAR
7/26/20 Jul 26, 2020	Listed / Active	NORTHSTAR

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This multifamily located in Lanesboro, MN 55949 is currently for sale for $195,000. 301 Elmwood Street E is a 2,360 square foot multifamily with – beds and – baths that has been on Estately for 8 days. This multifamily is in the attendance area of Lanesboro Secondary School and Lanesboro Elementary School.

Listing Courtesy of: NORTHSTAR and Kris Lindahl Real Estate.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. 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.