$230,001
SOLD JUL 31, 2024

729 N Broad St Mankato, MN 56001

Washington Park Neighborhood
4 Beds
4 Baths
2,421 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$95 Per Sq Ft

10% Above List Price

7 Days on Market

Highlights

  • Wood Flooring
  • Community Garden
  • Water Softener is Owned
  • Franklin Elementary School Rated A
  • Porch
  • Ceiling Fan

About This Home

As of July 2024

Solid 4-plex rental in the heart of downtown Mankato. No basement water issues with all this rain! Many newer updates including new steel siding in 2020, high efficiency boiler heater in 2018, new water heater in 2021, new soffits and downspouts, steps/landing to upstairs unit, and a new sewer line. Steel roof was seal coated approximately 10 years ago. $2,365 in monthly rental income with 3 of the tenants looking to stay long term. One of the units will become vacant on Sept 1. Opportunity to increase income by raising rent and/or adding on-site coin laundry. Each unit has it's own boiler zone and separate electric meter. Tenant pays for electric and internet. Currently, landlord pays for garbage, recycling, water, sewer and gas.

Last Agent to Sell the Property

April Femrite

True Commercial, LLC License #40673070

Last Buyer's Agent

Peter Martin

REAL BROKER, LLC License #40563470

REAL BROKER, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,844

Year Built

  • Built in 1886

Lot Details

  • 6,098 Sq Ft Lot
  • Lot Dimensions are 66 x 91.5

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Studio
  • Frame Construction
  • Metal Roof
  • Steel Siding
  • Stucco Exterior

Interior Spaces

  • 2,421 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Range
  • Freezer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Stone Basement

Outdoor Features

  • Porch

Utilities

  • Window Unit Cooling System
  • Boiler Heating System
  • Electric Water Heater
  • Water Softener is Owned
  • High Speed Internet

Community Details

  • 4 Units
  • Community Garden
  • Gross Income $28,380

Listing and Financial Details

  • Tenant pays for broadband, cable TV, electric, janitorial
  • The owner pays for fuel, lawn, maint/repair, snow, trash, water/sewer
  • Month-to-Month Lease Term
  • Assessor Parcel Number R01.09.07.430.001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,844

Year Built

Built in 1886

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Style: 4-plex
  • Construction: Previously Owned
  • Foundation Size: 1012
  • L V T Date: 06/24/2024
  • Mechanicals: Water Heater - Electric, Water Softner - Owned
  • Parcel Number: R01.09.07.430.001
  • Price Per Square Foot: 95
  • Rental License: Yes
  • Stories: 2 Story
  • Street Designation: Street
  • Taxes With Assessments: 2844
  • Estimated Number of Acres: 0.14
  • Zoning: 4A
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Freezer, Range/Stove, Refrigerator
  • Total Bedrooms: 4
  • Total Bathrooms: 4
  • Basement Material: Stone
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 1409
  • Total Fin Square Footage: 2421
  • Total Square Footage: 2421
  • Below Grade Finished Sq Ft: 1012

Exterior Features

  • Frontage Road: City
  • Construction Type: Frame/Wood
  • Exterior: Steel, Stucco
  • Roof: Metal
  • Exterior Amenities: Porch

Utilities

  • Fuel: Electric
  • Heat: Boiler
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Shared: Common Garden

Schools

  • School District: Mankato #77

Lot Info

  • Estimated Lot Dimensions: 66 x 91.5

Rental Info

  • Owner Expense: Fuel, Lawn, Maint/Repair, Snow, Trash, Water/Sewer
  • Tenant Expense: Broadband, Cable TV, Electric, Janitorial
  • Type of Tenancy: One Year Lease, Month to Month

Building Info

  • Year Built: 1886

Multi Family

  • Est Annual Gross Expense: 13404
  • Est Annual Gross Income: 28380

Tax Info

  • Year: 2024
  • Tax Value: 2844

MLS Schools

  • School District: Mankato #77

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $230,001 +9.5% $95 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $210,000 -8.7% $87 / Sq Ft
06/22/2024 06/22/24 Off Market $230,001 -- --
Source: REALTOR® Association of Southern Minnesota

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7035263

REALTOR® Association of Southern Minnesota

APN: R01.09.07.430.001

Minnesota Blue Earth County Mankato 56001 Washington Park

729 N Broad St, Mankato, MN

Homes for Sale in Mankato, MN

This home is located at 729 N Broad St, Mankato, MN 56001 and is currently priced at $230,001, approximately $95 per square foot. This property was built in 1886. 729 N Broad St is a home located in Blue Earth County with nearby schools including Franklin Elementary School, Prairie Winds Middle School, and Mankato East Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.