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Property view

311 N Prairie Street, 
Lake City, MN 55041

$275,000


Bed


Bath


2,010

Sq Ft


Multi-Family

Sold

Listed by

Amy Ranae Dills

Bought with Coldwell Banker Realty

Brick & Banister Real Estate

612-481-2520

MLS#

6704473

Source:

NSMLS

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About This Home

311 N Prairie Street

Welcome to this beautifully maintained and income-producing duplex in a convenient and charming location! With over 2,000 finished square feet on a spacious 9,000 sq ft lot, this versatile property offers flexible living and investment potential. Each unit is updated and move-in ready, with separate electric meters, shared gas and water/sewer service, and thoughtful upgrades throughout. The main level (Snowdrop Apartment) features 3 bedrooms, 1 full bath, in-unit laundry, and beautifully refinished hardwood floors. The upper level (Marigold Apartment) includes 2 bedrooms, 1 ¾ baths, new carpet, fresh paint, updated light fixtures, and more. Both units are fully furnished and currently used as successful short-term rentals, generating over $33,500 in gross revenue in the past year. Additional features include a new roof (2024), updated landscaping, closed off interior stairwell for privacy, and a cozy backyard firepit area—perfect for outdoor relaxation. Driveway has minor cosmetic needs, and three upper windows are due for replacement. This home can be sold furnished and rental-ready, or unfurnished for owner occupancy or long-term tenants. Rental books and furnishings can be transferred or cleared prior to closing, depending on buyer preference. If you like this property, be sure to check out our other listing at 314 N High St—these two are owned together and have a lot in common!

Home Facts

Multi-Family

Built in 1910

Price Summary

285,000

$141 per Sq. Ft.

MLS #:

6704473

Sold:

October 3, 2025


Rooms & Interior

Interior

Living Area:

2,010 Sq. Ft.


Structure

Structure

Building Area:

2,710 Sq. Ft.

Year Built:

1910


Lot

Lot Size (Sq. Ft):

9,147


Finances & Disclosures

Finances

Price:

$285,000

Price per Sq. Ft:

$141 per Sq. Ft.

Source:NSMLS
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.