Great opportunity to live and work in downtown Lake City in great location with views of Lake Pepin from the apartment upstairs! This unique property is downtown Lake City right by the marina, shops, coffeehouse and more! Enjoy to the fullest what Lake City has to offer! Move-in ready 2 bedroom apartment with beautiful kitchen, living areas, outside balcony at the back, laundry and views of the lake! On the main floor, the retail space is currently rented out and is a great space with income potential! Live upstairs while running your business out of the retail space, or run your business and rent out the apartment! Rent out both spaces if you chose! Many different ways to optimize this property! Enjoy this location as Lake City comes to life in the spring, summer and fall!
Closed
$195,000
118 S Washington St, Lake City, MN 55041
2beds
2,160sqft
Single Family
Built in 1920
1,306 Square Feet Lot
$195,600 Zestimate®
$90/sqft
$2,230 Estimated rent
Home value
$195,600
Estimated sales range
Not available
$2,230/mo
Zestimate® history
Owner options
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$1,270/mo
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Est. payment
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Beautiful kitchen
Zillow last checked:
Listing updated:
Listed by:
Jay Stephan 507-272-9140,
Schurhammer Real Estate, LLC,
Diane Schurhammer 507-251-1666
Bought with:
Diane Schurhammer
Schurhammer Real Estate, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7077150
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
Bedroom 2
- Level: Upper
Kitchen
- Level: Upper
Laundry
- Level: Upper
Living room
- Level: Upper
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,240
- Total interior livable area: 2,160 sqft
- Finished area above ground: 2,160
- Finished area below ground: 0
Property
Parking
- Parking features: Off Site, On Street, Other
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View
Lot
- Size: 1,306 Square Feet
- Dimensions: 18 x 80
Details
- Foundation area: 1080
- Parcel number: R220028800
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Lake City
HOA
- Has HOA: No
Location
- Region: Lake City
Financial & listing details
- Price per square foot: $90/sqft
- Tax assessed value: $165,300
- Annual tax amount: $2,692
- Date on market: 5/20/2026
- Cumulative days on market: 1 day
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Sold | $195,000+5.4%$90/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7077150 Report a problem | ||
| 5/21/2026 | Pending sale | $185,000$86/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7077150 Report a problem | ||
| 5/20/2026 | Listed for sale | $185,000+48%$86/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7077150 Report a problem | ||
| 1/18/2013 | Sold | $125,000+92.3%$58/sqft |
Source: Public Record Report a problem | ||
| 7/15/2008 | Sold | $65,000$30/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,508 +2.8% | $165,300 +7.6% |
| 2024 | $2,440 +5.4% | $153,600 +12.5% |
| 2023 | $2,314 -4.9% | $136,500 +6.7% |
| 2022 | $2,434 +5.4% | $127,900 |
| 2021 | $2,310 -0.6% | $127,900 +7.1% |
| 2020 | $2,324 +11.5% | $119,400 |
| 2019 | $2,084 | $119,400 +10.8% |
| 2018 | $2,084 -11.2% | $107,800 +1.7% |
| 2017 | $2,346 -8.9% | $106,000 |
| 2016 | $2,576 | -- |
| 2015 | $2,576 +36% | -- |
| 2012 | $1,894 | -- |
Find assessor info on the county website
Neighborhood: 55041
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Nearby schools
GreatSchools rating
- 5/10Bluff View Elementary SchoolGrades: PK-6Distance: 1 mi
- 7/10Lincoln SecondaryGrades: 7-12Distance: 0.3 mi
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Estimated market value
$195,600
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Estimated market value
$195,600
- Minnesota
- Wabasha County
- Lake City
- 55041
- 118 S Washington St
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