Pending

$275,000

400 S Main St, Pine Island, MN 55963

7beds

2baths

2,182sqft

$1,809/mo

Get pre-qualified

Duplex Up and Down

Built in 1900

-- sqft lot

$264,400 Zestimate^®

$126/sqft

$-- HOA

What's special

Updated lvp flooringDetached one-car garageLarge covered front porchIn-unit laundryNew appliancesRemodeled kitchen

The property is an up/down duplex located just south of downtown Pine Island, providing convenient access to Main Street and local amenities. Two- to four-unit opportunities remain limited in southeast Minnesota, and this duplex has demonstrated a strong rental history with minimal vacancy over the past 15 years under current ownership. The main-floor unit offers four bedrooms along with a remodeled kitchen, updated LVP flooring, new appliances, and a new furnace, while the upper unit includes three bedrooms. Both units feature in-unit laundry. Exterior elements include a detached one-car garage, a large covered front porch, and a rear concrete patio. The combination of unit size, recent updates, and long-term rental performance makes this property a practical option for both investors and owner-occupants seeking additional income potential.

39 days
270
6

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 7
Bathrooms: 2

Heating

Forced Air

Features

Basement: Partial,Sump Pump,Unfinished

Interior area

Total structure area: 2,574
Total interior livable area: 2,182 sqft
Finished area above ground: 2,182
Finished area below ground: 0

Property

Parking

Total spaces: 1
Parking features: Detached Garage, Gravel
Garage spaces: 1
Details: Garage Dimensions (14'x24')

Accessibility

Accessibility features: None

Features

Levels: Two
Patio & porch: Front Porch, Patio

Lot

Size: 8,276 Square Feet
Dimensions: 66' x 124'

Details

Foundation area: 392
Parcel number: 682800011
Zoning description: Business/Commercial

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex Up and Down

Condition

New construction: No
Year built: 1900

Utilities & green energy

Gas: Natural Gas
Sewer: City Sewer/Connected, City Sewer - In Street
Water: City Water/Connected, City Water - In Street

Community & HOA

Community

Subdivision: Auditors

Location

Region: Pine Island

Financial & listing details

Price per square foot: $126/sqft
Tax assessed value: $213,500
Annual tax amount: $4,664
Date on market: 7/21/2026
Cumulative days on market: 39 days
Tenant pays: All Utilities

Estimated market value

$264,400

$251,000 - $278,000

$1,361/mo

Price history

Date	Event	Price
8/14/2026	Pending sale	$275,000$126/sqft
Source: NorthstarMLS as distributed by MLS GRID #7113128 Report a problem
7/21/2026	Listed for sale	$275,000+467%$126/sqft
Source: NorthstarMLS as distributed by MLS GRID #7113128 Report a problem
8/12/2011	Sold	$48,500-54.9%$22/sqft
Source: Public Record Report a problem
8/21/2010	Listing removed	$107,424$49/sqft
Source: Edina Realty #4020752 Report a problem
5/22/2010	Listed for sale	$107,424$49/sqft
Source: Edina Realty #4020752 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,654 +13.5%	$213,500
2024	$4,099 +6.2%	$213,500 +3.2%
2023	$3,858 +8.1%	$206,800 +10.7%
2022	$3,568 +13.2%	$186,800 +20.5%
2021	$3,151 +5.4%	$155,000 +6.9%
2020	$2,990 -4.4%	$145,000 +6.3%
2019	$3,126	$136,400 +9%
2018	$3,126 +18.1%	$125,100 +10.9%
2017	$2,646 +14.6%	$112,800 +8.8%
2016	$2,308	$103,700 +4.6%
2015	$2,308	$99,100 +4.4%
2014	$2,308 +20%	$94,900 +3%
2013	$1,924 -10.3%	$92,100 -4.4%
2012	$2,146 -50.7%	$96,300 -16.6%
2011	$4,356 +70%	$115,400 -0.2%
2010	$2,562 +5.6%	$115,600
2009	$2,426 -4%	$115,600
2008	$2,528 +39.7%	$115,600
2007	$1,810 +0.6%	--
2006	$1,800 +23.1%	--
2005	$1,462 +7.7%	--
2004	$1,358 +20.2%	--
2003	$1,130 -7.7%	--
2002	$1,224 +8.9%	--
2001	$1,124	--