Closed

$635,000

413 N Franklin St, Lake City, MN 55041

4beds

2baths

2,104sqft

Multi Family

Built in 1917

-- sqft lot

$648,400 Zestimate^®

$302/sqft

$1,305 Estimated rent

Home value

$648,400

Estimated sales range

Not available

$1,305/mo

Zestimate^® history

Owner options

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$1,305/mo

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$1,305/mo

Rent Zestimate^®

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$4,041/mo

Est. payment

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$4,041/mo

Est. payment

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What's special

Rare investor opportunity! Don't miss your chance to own this exceptional duplex featuring breathtaking, unobstructed views of Lake Pepin. Perfectly positioned and well-maintained, this property offers outstanding flexibility-live in one unit and rent the other, generate income through short-term rentals, or add a solid asset to your investment portfolio. Each unit is designed to maximize natural light and lake views, with expansive patio doors that open onto patio...ideal for relaxing and soaking in the stunning scenery. Walking distance to the river walk, downtown shopping, dining, beach and marina. Whether you're looking for a scenic retreat with income potential or a smart investment in a sought-after location, this duplex offers the best of both worlds-value and beauty with a view.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air

Appliances

Laundry: In Basement

Features

Basement: Block,Partial

Interior area

Total structure area: 2,104
Total interior livable area: 2,104 sqft
Finished area above ground: 2,104
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Garage
Garage spaces: 2
Details: Garage Dimensions (20x19)

Accessibility

Accessibility features: None

Features

Levels: Modified Two Story
Patio & porch: Patio
Pool features: None
Fencing: Composite
Has view: Yes
View description: Lake, Panoramic
Has water view: Yes
Water view: Lake
Waterfront features: Lake View

Lot

Size: 2,482 Square Feet
Dimensions: 60 x 82 x 60 x 82

Details

Foundation area: 1209
Parcel number: R220021500

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame
Roof: Age Over 8 Years

Condition

New construction: No
Year built: 1917

Utilities & green energy

Electric: Circuit Breakers
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected

Community & HOA

Community

Subdivision: Lake City

HOA

Amenities included: None

Location

Region: Lake City

Financial & listing details

Price per square foot: $302/sqft
Annual tax amount: $4,992
Date on market: 6/4/2025
Cumulative days on market: 11 days
Tenant pays: All Utilities, Electricity, Fuel, Gas, Heat, Hot Water, Taxes, Trash Collection

Price history

Date	Event	Price
8/15/2025	Sold	$635,000-15.3%$302/sqft
Source: NorthstarMLS as distributed by MLS GRID #6729350 Report a problem
6/19/2025	Pending sale	$749,900$356/sqft
Source: NorthstarMLS as distributed by MLS GRID #6729350 Report a problem
6/8/2025	Listed for sale	$749,900$356/sqft
Source: NorthstarMLS as distributed by MLS GRID #6729350 Report a problem