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  • $255,000

    400 S Main St, Pine Island, MN 55963

    7beds
    2baths
    2,182sqft
    Duplex Up and Down
    Built in 1900
    -- sqft lot
    $254,700 Zestimate®
    $117/sqft
    $1,385 Estimated rent

    Home value

    $254,700

    $232,000 - $278,000

    $1,385/mo

    Zestimate® history
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    $1,726/mo

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    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Beau Joseph Ryan 507-269-9899,

    RE/MAX Results,

    Ryan A Haagenson 612-720-1382

    Bought with:

    Brandon Jacobson

    Dwell Realty Group LLC

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7113128MLS Logo

    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: $117/sqft
    • Tax assessed value: $222,900
    • Annual tax amount: $4,664
    • Date on market: 7/21/2026
    • Cumulative days on market: 23 days
    • Tenant pays: All Utilities

    Price history

    DateEventPrice
    9/9/2026Sold$255,000-7.3%$117/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7113128 Report a problem
    8/14/2026Pending sale$275,000$126/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7113128 Report a problem
    7/21/2026Listed for sale$275,000+467%$126/sqft
    Source: NorthstarMLS as distributed by MLS GRID #7113128 Report a problem
    8/12/2011Sold$48,500-54.9%$22/sqft
    Source: Public Record Report a problem
    8/21/2010Listing removed$107,424$49/sqft
    Source: Edina Realty #4020752 Report a problem
    5/22/2010Listed for sale$107,424$49/sqft
    Source: Edina Realty #4020752 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026$4,664 +0.2%$222,900 +4.4%
    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 --
    Find assessor info on the county website

    Neighborhood: 55963

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $254,700
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $254,700