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314 N High Street

Lake City, MN 55041

– beds
– baths
2,179 sqft
$144 per sqft
1901 build
– on site

This beautifully updated duplex offers flexibility, charm, and strong rental potential—all on a spacious 13,125 sq ft lot. With over 2,100 finished square feet, the property includes two well-appointed units: The Jasmine Apartment (main floor) features 2 bedrooms, 1 full bath, in-unit laundry, and approx. 1,100 sq ft. The Fire Lily Apartment (upper level) offers 2 bedrooms, 1 ¾ bath, and approx. 1,079 sq ft. Extensive updates throughout include new spray-foam insulation, new garage roof (2023), upgraded plumbing (PEX), updated electrical in remodeled areas, new light and plumbing fixtures, fresh knockdown ceilings, and new carpet throughout. The home has also been legally converted to a duplex with proper permitting, including a new second bedroom addition on the main level and a block foundation added to most of the structure. Exterior improvements include a new sidewalk, concrete patio, grading and topsoil restoration, and a newly seeded lawn (2024). Income-producing and well-maintained, this home is currently operated as a successful vacation rental, with the option to sell furnished or unfurnished. It’s an ideal opportunity for investors, house hackers, or owner-occupants looking for move-in ready comfort and income potential.

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

Last checked: Checking… • Last updated Apr 19, 2025 •

MLS# 6704643 —

The Building

Year Built:

1901
New Construction:

false
Age Of Property:

124
Construction Materials:

Vinyl Siding, Wood Siding
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1124.0000
Basement:

Crawl Space
Basement:

false
Foundation Area:

1124
Building Area Total:

1884
Above Grade Finished Area:

2179

Room Dimensions

Living Area:

2179

Location

Directions:

3 blocks north of Patton Park and US Post Office on High Street
Latitude:

44.450772
Longitude:

-92.27023

The Property

Parcel Number:

R220035100
Zoning Description:

Residential-Multi-Family
Property Type:

Residential Income
Property Subtype:

Duplex Up and Down
Additional Parcels:

false
Lot Features:

Corner Lot, Many Trees
Lot Size Area:

0.22
Lot Size Dimensions:

105,125,105,125
Lot Size Units:

Acres
Topography:

Sloped
Road Frontage Type:

City Street
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

3418
Tax With Assessments:

3418.0000

Heating & Cooling

Heating:

Forced Air

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:

Detached, Gravel
Garage Spaces:

2
Garage SqFt:

572

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
4/19/25 Apr 19, 2025	Listed / Active	NORTHSTAR	$315,000	158.2% (43.6% / YR)
9/2/21 Sep 2, 2021		NORTHSTAR	$122,000	1.8%
8/12/21 Aug 12, 2021		NORTHSTAR	$119,900

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This multifamily located in Lake City, MN 55041 is currently for sale for $315,000. 314 N High Street is a 2,179 square foot multifamily with – beds and – baths that has been on Estately for 0 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.