For Sale: Mankato MLS# 7087211
Active
NEW!
$379,995
Single Family: 1 Story
4 br • 3 ba • Built 1968
3,026 sqft • 0.174 acres
Mankato schools
MLS# 7087211
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Property Description
Rare opportunity with built-in income potential, main-level living, and unmatched flexibility! This standout property offers 4 bedrooms, 3 baths, and a highly adaptable layout designed to fit a wide range of lifestyles and investment strategies. Currently used as a single-family home, it functions beautifully as such while offering an easy conversion to an income-producing property if desired.
The main level features two expansive living areas, three bedrooms, and convenient main-floor laundry—making it an excellent option for those seeking true main-level living without sacrificing space. A walk-through bath
connects directly to the primary suite, adding both comfort and functionality.
The lower level takes this home to another level with a private exterior entrance and a fully equipped setup including a full kitchen, large living/family room, bedroom, bonus room, second laundry area, and a ¾ bath with
tiled shower—perfect for extended living or maximizing rental potential.
What truly sets this property apart is its ACTIVE RENTAL LICENSE—ready for immediate use. Whether you're looking to owner-occupy while generating income, expand your investment portfolio, or simply enjoy the flexibility
of additional living space, this property is positioned to deliver. Licensed, flexible properties close to amenities like this are rarely available and highly sought after – don’t miss out! Key updates include a new roof (2022), furnace (2018), and siding (2010), offering added peace of mind. Outside, you’ll find a fenced yard and a shed with electricity—ideal for storage, hobbies, or a workspace.
Located just minutes from campus, shopping, and dining, this property combines location, functionality, and income potential in one compelling package.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$379,995
Price per sq ft:
$126
Property Type:
Single Family
City:
Mankato
Garage Spaces:
1
County:
Blue Earth
Year Built:
1968
State:
MN
Property Style:
1 Story
Zip Code:
56001
Subdivision Name:
Meurers Sub
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
3,026 ft2
Total Fireplaces:
1
Living Area:
3,026 ft2
Common Wall:
No
Appliances Included:
- Dishwasher
- Dryer
Fireplace Details:
Wood Burning
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
- Sump Pump
Exterior
Stories:
One
Garage Spaces:
1
Garage Dimensions:
336 SF
Garage Size:
336 ft2
Air Conditioning:
Central Air
Foundation Size:
1,568 ft2
Handicap Accessible:
Grab Bars In Bathroom, Roll-In Shower
Out Buildings:
Storage Shed
Heating System:
Forced Air
Parking Features:
Attached Garage
Unit Amenities:
- Ceiling Fan(s)
- Patio
- Porch
- Washer/Dryer Hookup
Road Frontage:
City Street
Exterior Material:
- Block
- Concrete
- Frame
Rooms
1/4 Baths:
None
Full Baths:
None
Half Baths:
1
3/4 Baths:
2
Bathroom Details:
- 1/2 Primary
- Main Floor 1/2 Bath
- Main Floor 3/4 Bath
- Walk Thru
Dining/Kitchen:
Informal Dining Room
Laundry:
- Lower Level
- Main Level
| Main Level | Size | Sq Ft |
|---|---|---|
| Bathroom | 7.5 x 5 | 35 |
| Bathroom | 8 x 6.5 | 48 |
| Dining Room | 12 x 9 | 108 |
| Family Room | 22 x 13.6 | 286 |
| Bedroom | 15 x 13 | 195 |
| Kitchen | 17 x 8 | 136 |
| Living Room | 22 x 13.6 | 286 |
| Bedroom 2 | 12 x 9 | 108 |
| Bedroom 3 | 11.7 x 9.4 | 99 |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Bathroom | 10.6 x 5.1 | 50 |
| Bonus Room | 12.6 x 11 | 132 |
| Family Room | 23 x 10.9 | 230 |
| Bedroom 4 | 14 x 12 | 168 |
| Kitchen- 2nd | 21 x 11 | 231 |
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.174
Geolocation:
44.154612, -93.989056
Lot Dimensions:
88 x 80
Zoning:
Residential-Single Family
Schools
School District:
77
District Phone:
5073871868
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$4,188
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$4,208
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of True Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.