Closed

$282,000

1023 N Riverfront Dr, Mankato, MN 56001

10beds

3baths

4,432sqft

Triplex

Built in 1920

-- sqft lot

$351,100 Zestimate^®

$64/sqft

$1,496 Estimated rent

Home value

$351,100

$320,000 - $383,000

$1,496/mo

Zestimate^® history

Owner options

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$1,496/mo

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$1,496/mo

Rent Zestimate^®

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$1,736/mo

Est. payment

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$1,736/mo

Est. payment

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What's special

Triplex with plenty of off street parking and all 3 units having 5 unrelated rental licensure now available. Unit 1 (main level unit) hasexpansive living room in front and eat-in kitchen to the back. Two bedrooms, a study room and a full size bathroom finish off the floor. This unit hasbeen under renovation and project will not be completed by current owner. This unit is currently vacant but has been rented in the past for $950.Washer/dryer hook-up in kitchen for this unit. Access is thru the side door. Unit 2 (Upstairs) has been renovated with new flooring, new appliances, freshpaint, new countertops and new water heater. It has four bedrooms and one bathroom and was rented for $1500. No laundry access for this unit.Access is thru the side door. Unit 3 (lower level) has 4 bedrooms and one full bathroom. Washer and dryer in utility room solely used by this unit. Accessis thru the back door by the parking area. Tenants pay electrical, owner pays city and gas bills.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 3

Heating

Forced Air

Features

Basement: Egress Window(s),Finished,Concrete,Partially Finished

Interior area

Total structure area: 4,432
Total interior livable area: 4,432 sqft
Finished area above ground: 3,597
Finished area below ground: 835

Property

Parking

Total spaces: 6
Parking features: Asphalt
Carport spaces: 6

Accessibility

Accessibility features: None

Features

Levels: Two

Lot

Size: 7,579 Square Feet
Dimensions: 48 x 158

Details

Foundation area: 3172
Parcel number: R010907278018
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Roof: Asphalt,Rubber

Condition

New construction: No
Year built: 1920

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer - In Street
Water: City Water - In Street

Community & HOA

Community

Subdivision: Parsons Add

Location

Region: Mankato

Financial & listing details

Price per square foot: $64/sqft
Tax assessed value: $285,000
Annual tax amount: $2,998
Date on market: 7/21/2023
Cumulative days on market: 160 days
Tenant pays: Electricity, Fuel, Trash Collection, Water/Sewer

Price history

Date	Event	Price
1/23/2024	Listing removed	--
Source: Zillow Rentals Report a problem
1/18/2024	Listed for rent	$1,350
Source: Zillow Rentals Report a problem
12/29/2023	Sold	$282,000-11.8%$64/sqft
Source: NorthstarMLS as distributed by MLS GRID #6404771 Report a problem
12/27/2023	Pending sale	$319,900$72/sqft
Source: NorthstarMLS as distributed by MLS GRID #6404771 Report a problem
10/31/2023	Listed for sale	$319,900$72/sqft
Source: RASM #7032887 Report a problem
10/16/2023	Contingent	$319,900$72/sqft
Source: RASM #7032887 Report a problem
8/9/2023	Price change	$319,900-5.9%$72/sqft
Source: RASM #7032887 Report a problem
7/21/2023	Listed for sale	$339,900+37.6%$77/sqft
Source: RASM #7032887 Report a problem
8/7/2020	Sold	$247,000-5%$56/sqft
Source: Public Record Report a problem
3/4/2020	Price change	$260,000-5.4%$59/sqft
Source: RE/MAX DYNAMIC AGENTS #7022701 Report a problem
11/7/2019	Listed for sale	$274,900$62/sqft
Source: RE/MAX DYNAMIC AGENTS #7022701 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,828 +24.4%	$285,000 +3%
2024	$3,076 +1.9%	$276,700 -3.1%
2023	$3,018 +24.4%	$285,500 +6.5%
2022	$2,426 -3.7%	$268,100 +29.9%
2021	$2,520 -19.5%	$206,400 +2.4%
2020	$3,130	$201,600
2019	$3,130 +1.4%	$201,600 +1.7%
2018	$3,086 +12.7%	$198,200 +11.9%
2017	$2,738 +10.9%	$177,100 +6.8%
2016	$2,468 +10686.7%	$165,800 +2%
2015	$23 -99.1%	$162,600 +4.5%
2014	$2,492	$155,600 +0.9%
2013	--	$154,200
2012	--	$154,200 -5.7%
2011	--	$163,600
2010	--	$163,600