$3,741 Closing Credit¹
#6704643, Listing Office: Brick & Banister Real Estate
$315,000 List price
311 Prairie St Lake City, MN 55041
$3,741
Closing credit¹
2,010 sqft
$157 / sqft
Multi-Family
Property details
About 311 Prairie St
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!
Highlights
Home typeDuplex
HeatingSteam
StatusActive
Size2,010 sqft
BasementYes
Year built1910
ParkingGravel
MLS #6704473
Garage2 spaces
Summary
- Basement: Yes
- Garage Space: 2 spaces
- Parking: Gravel
- Heating: Steam
- List Price: $315,000
- Price/SqFt: $156
- Lot: Many Trees
- Directions: In downtown Lake City - Take Lyon Ave South to Prairie St, right to subject
- Year Built: 1910
- Living Area: 2,010 SqFt
- MLS Number: 6704473
- MLS Name: NORTHSTAR
- Office Name: Brick & Banister Real Estate
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Last updated on: 5/29/2025, 11:22:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$315,000
311 Prairie St
$3,741
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
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Tax history
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Nearby schools
6
Bluff View Elementary School
Public District PK-6
0.8 mi
•1156 W Lakewood Ave
7
Pepin Elementary School
Public District PK-6
6.2 mi
•510 Pine St
7
Plum City Elementary School
Public District PK-5
13.4 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 $57,683. The most common annual income of people living in Lake City, MN is between $35k-100k. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
20%
<35k
59%
35k-100k
21%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
31%
Single, No Kids
8%
Single, with Kids
38%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
6%
12-17 yrs old
19%
18-34 yrs old
41%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Soccer
PGA/LPGA
NASCAR
Where do the neighbors shop?
Old Navy
Stein Mart
Dollar General
Where do the neighbors go to eat?
Jimmy Johns
Bob Evans
Cracker Barrel
What do the neighbors drive?
GMC
Lincoln
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
All data provided by Home Junction and Claritas
Similar homes for sale
$4,155 Closing Credit¹
#6704741, Listing Office: Lakes Sotheby's International Realty
This home is located at 311 Prairie St in Lake City, MN and zip code 55041. This 2,010 square foot home was built in 1910. Features: 0 bathroom. It has been listed on Rocket Homes since April 17, 2025 and is currently priced at $315,000.
In April 2025, from all listings sold in Lake City, MN there were more than 0 sold above asking price, over 6 sold below and more than 0 were sold right at the asked price. The number of homes for sale in Lake City, MN increased by 22% between March and April 2025. While the average time on the market in April 2025 was 46 days, the median list price was $294,950.
From Rocket Homes Real Estate and based on county public records data.