Investment opportunity in Mankato! This duplex offers strong income potential and endless possibilities for the right buyer. Whether you're looking to expand your rental portfolio, live in one unit while renting the other, or renovate and increase value, this property is full of opportunity. Each unit provides functional living space with the chance to add your own updates and improvements. Conveniently located in Mankato near shopping, dining, parks, and schools, this property is a great chance to build equity and generate rental income. Don’t miss out on this versatile investment property with tons of potential!
Active
Price cut: $17.3K (6/24)
$182,500
2005 7th Ave, Mankato, MN 56001
3beds
1,714sqft
Multi Family
Built in ----
-- sqft lot
$181,200 Zestimate®
$106/sqft
$-- HOA
What's special
Functional living space
- 45 days |
- 512 |
- 24 |
Zillow last checked:
Listing updated:
Listed by:
Candee Deichman,
Century 21 Atwood
Source: RASM,MLS#: 7040357
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
- Main level bedrooms: 1
Heating
- Forced Air, Natural Gas
Cooling
- Unit 1: None, Unit 2: None
Features
- Basement: Partially Finished,Block,Full
- Has fireplace: No
Interior area
- Total structure area: 1,714
- Total interior livable area: 1,714 sqft
- Finished area above ground: 884
- Finished area below ground: 830
Property
Parking
- Parking features: Detached
- Has garage: Yes
Features
- Levels: One
- Stories: 1
Lot
- Size: 6,969 Square Feet
- Dimensions: 50 x 140
Details
- Foundation area: 884
- Parcel number: R010906328003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame/Wood, Vinyl Siding
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
Utilities & green energy
- Sewer: City
- Water: Public
Community & HOA
Location
- Region: Mankato
Financial & listing details
- Price per square foot: $106/sqft
- Tax assessed value: $195,500
- Annual tax amount: $2,882
- Date on market: 5/21/2026
- Total actual rent: 1740
Estimated market value
$181,200
$172,000 - $190,000
$1,446/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Price change | $182,500-8.7%$106/sqft |
Source:  RASM #7040357 Report a problem | ||
| 5/21/2026 | Listed for sale | $199,800+65.1%$117/sqft |
Source: RASM #7040357 Report a problem | ||
| 8/30/2019 | Sold | $121,000-6.9%$71/sqft |
Source: Public Record Report a problem | ||
| 7/12/2019 | Price change | $129,900-3.7%$76/sqft |
Source: AMERICAN WAY REALTY #7021001 Report a problem | ||
| 6/25/2019 | Price change | $134,900-3.6%$79/sqft |
Source: AMERICAN WAY REALTY #7021001 Report a problem | ||
| 6/11/2019 | Price change | $139,900-3.5%$82/sqft |
Source: AMERICAN WAY REALTY #7021001 Report a problem | ||
| 6/6/2019 | Price change | $144,900-3.3%$85/sqft |
Source: AMERICAN WAY REALTY #7021001 Report a problem | ||
| 5/24/2019 | Listed for sale | $149,900$87/sqft |
Source: AMERICAN WAY REALTY #7021001 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,424 -6.4% | $195,500 +12% |
| 2024 | $2,590 +14.7% | $174,600 -8.4% |
| 2023 | $2,258 +24.6% | $190,700 +20.7% |
| 2022 | $1,812 +3.9% | $158,000 +35.5% |
| 2021 | $1,744 +4.9% | $116,600 +9.5% |
| 2020 | $1,662 | $106,500 |
| 2019 | $1,662 -3.8% | $106,500 -3.5% |
| 2018 | $1,728 +12.6% | $110,400 +12% |
| 2017 | $1,534 +17.1% | $98,600 +12.8% |
| 2016 | $1,310 +9794.3% | $87,400 -2% |
| 2015 | $13 -99.1% | $89,200 -0.2% |
| 2014 | $1,434 | $89,400 -1.5% |
| 2013 | -- | $90,800 |
| 2012 | -- | $90,800 -3% |
| 2011 | -- | $93,600 -5.2% |
| 2010 | -- | $98,700 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 56001
Nearby schools
GreatSchools rating
- 9/10Franklin Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 6/10Prairie Winds Middle SchoolGrades: 6-8Distance: 3.8 mi
- 6/10Mankato East Senior High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- District: Mankato #77
Source: RASM. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Minnesota
- Blue Earth County
- Mankato
- 56001
- 2005 7th Ave
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