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This home will be available soon!

311 N Prairie Street

Lake City, MN 55041

– beds
– baths
2,010 sqft
$156 per sqft
1910 build
– on site

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.

Listing courtesy of NORTHSTAR / Amy Dills / Brick & Banister Real Estate

Last checked: Checking… • Last updated Apr 18, 2025 •

MLS# 6704473 —

The Building

Year Built:

1910
New Construction:

false
Age Of Property:

115
Construction Materials:

Vinyl Siding
Roof:

Age 8 Years or Less
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1120.0000
Basement:

Stone/Rock
Basement:

true
Foundation Area:

1397
Building Area Total:

2710
Above Grade Finished Area:

2010

Room Dimensions

Living Area:

2010

Location

Directions:

In downtown Lake City - Take Lyon Ave South to Prairie St, right to subject
Latitude:

44.4497058773
Longitude:

-92.2650359655

The Property

Parcel Number:

R220067400
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Duplex Up and Down
Additional Parcels:

false
Lot Features:

Many Trees
Lot Size Area:

0.21
Lot Size Dimensions:

60x150
Lot Size Units:

Acres
Road Frontage Type:

City Street
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

2904
Tax With Assessments:

3008.0000

Heating & Cooling

Heating:

Boiler

Utilities

Electric:

100 Amp Service
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

One Per Unit

Schools

High School District:

Lake City

The Community

Subdivision Name:

Lake City
Assessment Pending:

No

Parking

Parking Features:

Gravel
Garage Spaces:

2

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
4/17/25 Apr 17, 2025	Coming Soon	NORTHSTAR	$315,000

Multifamily

$315,000

Listing provided by broker:

Amy Dills

Brick & Banister Real Estate

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This multifamily is located in Lake City, MN 55041. 311 N Prairie Street is a 2,010 square foot multifamily with – beds and – baths that has been on Estately for 3 days. This multifamily is in the attendance area of Bluff View Elementary School and Lincoln High School.

Listing Courtesy of: NORTHSTAR and Brick & Banister 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.