#6704473, Listing office: Brick & Banister Real Estate
$295,000 List price
314 High St Lake City, MN 55041
2,179 sqft
$135 / sqft
Multi-Family
Property details
About 314 High St
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!
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
Size2,179 sqft
Year built1901
ParkingDetached, Gravel
MLS #6704643
Garage2 spaces
Summary
- Basement: No
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Detached, Gravel
- Heating: Forced Air
- List Price: $295,000
- Price/SqFt: $135
- Lot: Corner Lot, Many Trees
- Directions: 3 blocks north of Patton Park and US Post Office on High Street
- Year Built: 1901
- Living Area: 2,179 SqFt
- MLS Number: 6704643
- MLS Name: NORTHSTAR
- Office Name: Brick & Banister Real Estate
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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
1.0 mi
•1156 W Lakewood Ave
7
Pepin Elementary School
Public District PK-6
6.0 mi
•510 Pine St
7
Plum City Elementary School
Public District PK-5
13.2 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. Typical income of Lake City, MN residents is between $35k-100k annually. Typical family type is single, no kids. The majority of residents in this area 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
Similar homes for sale
#6704741, Listing office: Lakes Sotheby's International Realty
Frequently asked questions
About 314 High St
The listing price of 314 High St property is $295,000.
The property 314 High St is a multi located in Lake City, Minnesota, 55041.
Active Listing: 314 High St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 314 High 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), Red Wing High School (GreatSchools Rating 7/10).
The property 314 High St is 2,179 SqFt (source: MLS/tax record).
The year of construction for 314 High St is 1901.
This home is located at 314 High St in Lake City, MN and zip code 55041. This 2,179 square foot home was built in 1901. Features: 0 bathroom. It has been listed on Rocket Homes since April 19, 2025 and is currently priced at $295,000.
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 inventory of homes for sale in Lake City, MN between May and June 2025 increased by 22.4%. 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.