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#6712605, Listing office: Lakeshore Real Estate Krage & Associates, LLC.
$360,000 List price
311 Franklin St Lake City, MN 55041
3 beds
1 bath
1,147 sqft
$314 / sqft
House
Property details
About 311 Franklin St
Discover this charming cottage retreat just one block from Lake Pepin, Ohuta Beach & Lake City Marina – PRIME LOCATION & INVESTMENT OPPORTUNITY! Whether you're searching for a peaceful full-time residence, a cozy weekend escape, or a high-performing vacation rental property, this home offers the ultimate blend of lifestyle, location, and opportunity. Located in one of Lake City’s most sought-after neighborhoods, this beautifully maintained cottage-style home puts you just steps from lake breezes, the scenic riverwalk, quaint shops and restaurants, and all the city’s top attractions—including festivals, boating, and lakeside fun. Inside you'll find cozy living spaces filled with natural light and thoughtful updates. Enjoy peaceful mornings with coffee, chirping birds, and lake views from inside the enclosed front porch. Step outside into a beautifully designed backyard oasis, perfect for both relaxing and entertaining. Gather with family and friends around the built-in fire pit for enchanting evenings under the stars, or enjoy the flexible outdoor den—ideal for lounging, games, or watching the big game in the fresh air. The spacious deck provides a perfect setting for weekend barbecues and outdoor dining. Don’t miss your chance to own a slice of Lake City’s most picturesque and vibrant lakeside living!
Highlights
Home typeSingle Family Residence
HeatingForced Air, Fireplace(s)
StatusActive
CoolingCentral Air
Size1,147 sqft
BasementYes
Year built1890
ParkingDetached, Gravel
MLS #6733315
Garage1 space
WaterfrontLake, River View
FireplaceCirculating, Gas, Living Room
ViewLake, River
Virtual tour
Summary
- Appliances: Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
- Basement: Yes
- Fireplace: Circulating, Gas, Living Room
- Total Bedroom Count: 3
- Garage Space: 1 space
- Attached Garage: No
- Parking: Detached, Gravel
- Waterfront: Lake, River View
- View: Lake, River
- Heating: Forced Air, Fireplace(s)
- Cooling: Central Air
- List Price: $360,000
- Price/SqFt: $313
- HOA Amount: $0
- Lot: Few Trees
- Directions: 61 to Chestnut, north to Franklin, left to home on left.
- Year Built: 1890
- Living Area: 1,147 SqFt
- MLS Number: 6733315
- MLS Name: NORTHSTAR
- Office Name: Lakes Sotheby's International Realty
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
6
Bluff View Elementary School
Public District PK-6
1.1 mi
•1156 W Lakewood Ave
7
Pepin Elementary School
Public District PK-6
5.9 mi
•510 Pine St
7
Plum City Elementary School
Public District PK-5
13.1 mi
•621 Main St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,875. Residents of Lake City, MN typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
38%
<35k
54%
35k-100k
5%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
43%
Single, No Kids
9%
Single, with Kids
35%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
5%
12-17 yrs old
19%
18-34 yrs old
36%
35-64 yrs old
29%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
PGA/LPGA
NASCAR
Where do the neighbors shop?
Stein Mart
Dollar General
Kmart
Where do the neighbors go to eat?
Bob Evans
Cracker Barrel
Arbys
What do the neighbors drive?
Buick
Lincoln
Ram
What do the neighbors listen to?
Adult Standards
News/Talk/Information
Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 311 Franklin St
The listing price of 311 Franklin St property is $360,000.
The property 311 Franklin St is a house located in Lake City, Minnesota, 55041.
Active Listing: 311 Franklin St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 311 Franklin St are: Bluff View Elementary School (GreatSchools Rating 6/10), Pepin Elementary School (GreatSchools Rating 7/10), Plum City Elementary School (GreatSchools Rating 7/10), Twin Bluff Middle School (GreatSchools Rating 3/10), Alma Elementary School (GreatSchools Rating 6/10), Ellsworth Middle School (GreatSchools Rating 6/10), Lincoln Secondary School (GreatSchools Rating 6/10), Pepin High School (GreatSchools Rating 8/10), Plum City High School (GreatSchools Rating 7/10).
The property at 311 Franklin St has 3 bedrooms and 1 bathroom.
The property 311 Franklin St is 1,147 SqFt (source: MLS/tax record).
The year of construction for 311 Franklin St is 1890.
This home is located at 311 Franklin St in Lake City, MN and zip code 55041. This 1,147 square foot home was built in 1890. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 6, 2025 and is currently priced at $360,000.
In June 2025, from all listings sold in Lake City, MN there were more than 2 sold above asking price, over 1 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Lake City, MN increased by 22.4% between May and June 2025. While the average time on the market in June 2025 was 16 days, the median list price was $304,000.
From Rocket Homes Real Estate and based on county public records data.