321 Rice St S, Kasota, MN 56050

A rare entry point in today's market: a two-bedroom, one-bath single-story home on a quarter-acre-plus lot in the quiet Le Sueur County village of Kasota, priced to reflect the work ahead. At 759 square feet, this is the kind of compact footprint that makes sense for a buyer looking to downsize without disappearing into a condo, or a first-time buyer who wants ownership without the price tag that usually comes with it. The big-ticket mechanical is already handled: a brand-new furnace with thermostat was installed in January 2026, and the chimney was professionally repaired last year. That's real money already spent heading into next heating season. The rest of the home will need attention, and the price reflects exactly that. This is a project property, and the right buyer will see the potential where others see the to-do list. The 12,000+ square foot lot gives you room to breathe, garden, or add a garage someday, and that kind of outdoor space is genuinely hard to find at this price. Kasota sits just minutes from St. Peter and within easy reach of Mankato, offering small-town quiet with practical access to shopping, dining, and healthcare. If you've been priced out of the market or are ready to stop renting, you’ll want to be sure to see this one!