Seller is willing to contribute $6,300 to buyer's closing costs/interest rate buy down. Attention Investors! This is a great opportunity to own a cash flowing rental property. Financials are in the supplements. Unit 1 is a one bedroom/ one bath apt with kitchen and bathroom and will be vacant soon. Unit 2 is an efficiency unit and Unit 3 is a 2 bed/ 1 bath apt. The tenant in Unit 1 will be leaving soon and the tenants in Units 2&3 have a lease in place until 2025. The home will need a new roof and tuckpointing. Quick closing preferred. Property is managed by Connect Real Estate Group. 24 Hour showing request needed.
Closed
$205,000
704 Blue Earth St, Mankato, MN 56001
4beds
3baths
2,372sqft
Triplex
Built in 1886
-- sqft lot
$211,600 Zestimate®
$86/sqft
$1,661 Estimated rent
Home value
$211,600
$178,000 - $245,000
$1,661/mo
Zestimate® history
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$1,261/mo
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Zillow last checked:
Listing updated:
Listed by:
Jonathan Haworth 612-532-1210,
Keller Williams Classic Rlty NW
Bought with:
NON-RMLS
Non-MLS
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6595390
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Forced Air
Appliances
- Laundry: In Basement, Coin-op Laundry Owned
Features
- Basement: Full,Shared Access,Storage Space,Unfinished
Interior area
- Total structure area: 2,372
- Total interior livable area: 2,372 sqft
- Finished area above ground: 2,372
- Finished area below ground: 0
Property
Parking
- Parking features: Concrete, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Pool features: None
- Fencing: None
Lot
- Size: 7,187 Square Feet
- Dimensions: 51 x 91
- Features: Corner Lot
- Topography: Level
Details
- Foundation area: 1890
- Parcel number: R010814479010
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Brick, Frame
- Roof: Age Over 8 Years
Condition
- New construction: No
- Year built: 1886
Utilities & green energy
- Electric: Circuit Breakers, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Amenities included: Coin-op Laundry Owned
Location
- Region: Mankato
Financial & listing details
- Price per square foot: $86/sqft
- Tax assessed value: $194,900
- Annual tax amount: $2,826
- Date on market: 9/5/2024
- Cumulative days on market: 45 days
- Tenant pays: Cable TV, Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 11/15/2024 | Sold | $205,000-2.4%$86/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6595390 Report a problem | ||
| 10/21/2024 | Pending sale | $210,000$89/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6595390 Report a problem | ||
| 9/18/2024 | Price change | $210,000-4.5%$89/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6595390 Report a problem | ||
| 9/6/2024 | Listed for sale | $220,000$93/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6595390 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,000 +5.7% | $194,900 -10% |
| 2024 | $2,838 +0.4% | $216,500 +3.5% |
| 2023 | $2,826 +15.4% | $209,100 +5.6% |
| 2022 | $2,448 +47.8% | $198,100 +25.4% |
| 2021 | $1,656 +10.8% | $158,000 +15.4% |
| 2020 | $1,494 | $136,900 |
| 2019 | $1,494 +5.7% | $136,900 +4.7% |
| 2018 | $1,414 -29.2% | $130,800 +1.6% |
| 2017 | $1,996 +14.1% | $128,800 +9.9% |
| 2016 | $1,750 +11337.9% | $117,200 |
| 2015 | $15 -99.1% | $117,200 +13% |
| 2014 | $1,674 | $103,700 -1.5% |
| 2013 | -- | $105,300 |
| 2012 | -- | $105,300 -3.7% |
| 2011 | -- | $109,400 -4.5% |
| 2010 | -- | $114,500 |
Find assessor info on the county website
Neighborhood: 56001
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Nearby schools
GreatSchools rating
- 9/10Roosevelt Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Dakota Meadows Junior High SchoolGrades: 6-8Distance: 2.2 mi
- 8/10Mankato West Senior High SchoolGrades: 9-12Distance: 0.6 mi
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- Minnesota
- Blue Earth County
- Mankato
- 56001
- 704 Blue Earth St
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