314 N High Street Lake City, MN 55041

$315,000
Active
estimated monthly payment
2,179 Sq Ft  |  Duplex Up and Down  |  MLS # 6704643
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About The Listing

This beautifully updated duplex offers flexibility, charm, and strong rental potential—all on a spacious 13,125 sq ft lot. With over 2,100 finished square feet, the property includes two well-appointed units:

The Jasmine Apartment (main floor) features 2 bedrooms, 1 full bath, in-unit laundry, and approx. 1,100 sq ft.
The Fire Lily Apartment (upper level) offers 2 bedrooms, 1 ¾ bath, and approx. 1,079 sq ft.

Extensive updates throughout include new spray-foam insulation, new garage roof (2023), upgraded plumbing (PEX), updated electrical in remodeled areas, new light and plumbing fixtures, fresh knockdown ceilings, and new carpet throughout. The home has also been legally converted to a duplex with proper permitting, including a new second bedroom addition on the main level and a block foundation added to most of the structure.

Exterior improvements include a new sidewalk, concrete patio, grading and topsoil restoration, and a newly seeded lawn (2024).

Income-producing and well-maintained, this home is currently operated as a successful vacation rental, with the option to sell furnished or unfurnished. It’s an ideal opportunity for investors, house hackers, or owner-occupants looking for move-in ready comfort and income potential.

If you like this property, be sure to check out our other listing at 311 Prairie Street —these two are owned together and have a lot in common!


Listing courtesy of Amy Ranae Dills, Brick & Banister Real Estate
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Property Details

Features

 
 
 
Property Type: Other
Status: Active
Contingency Type: None
Year Built: 1901
MLS #: 6704643
Square Feet: 2,179
Price Per Square Foot: $145
Garage Spaces: 2
Parking Description: Detached, Gravel
Sewer Description: City Sewer/Connected
Water: City Water/Connected
Heat Type: Forced Air
Basement: Crawl Space
Construction Description: Vinyl Siding, Wood Siding
Days On Market (Continuous): 25
Disability Features: None
Latest Update: 05/12/2025
List Date: 04/19/2025
Listing Agent ID: 506008655
Listing Office: Brick & Banister Real Estate
Listing Office ID: 26141
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Lot Dimensions: 105,125,105,125
Lot Size: 0.22 Acres
Lot Features: Corner Lot, Many Trees
School District: Lake City
Tax Year: 2025
Estimated Taxes: $3,418
Contingency Type: None
City: Lake City
Zip: 55041
County: Wabasha
Subdivision: Lake City
State: MN

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Listing last updated: 05/12/25

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