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311 N Franklin Street

Lake City, MN 55041

3 beds
1 bath
1,147 sqft
4,965 sqft lot
$313 per sqft
1890 build
– on site

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!

Listing courtesy of NORTHSTAR / Heidi Hartzell / Lakes Sotheby's International Realty

Last checked: Checking… • Last updated Jun 11, 2025 •

MLS# 6733315 —

The Building

Year Built:

1890
New Construction:

false
Age Of Property:

135
Construction Materials:

Vinyl Siding
Roof:

Asphalt, Flat, Pitched
Accessibility Features:

None
Levels:

One
Main Level Finished Area:

1209.0000
Basement:

Partial
Basement:

true
Foundation Area:

1147
Manufactured Home:

No
Building Area Total:

1660
Above Grade Finished Area:

1147

Interior

Dining Room Description:

Eat In Kitchen,Kitchen/Dining Room
Fireplace:

true
Fireplaces Total:

1
Fireplace Features:

Circulating, Gas, Living Room
Amenities:

Ceiling Fan(s),Deck,Kitchen Window,Main Floor Primary Bedroom,Porch

Room Dimensions

Living Area:

1147

Location

Directions:

61 to Chestnut, north to Franklin, left to home on left.
Latitude:

44.451906
Longitude:

-92.268396

The Property

Parcel Number:

R220022300
Zoning Description:

Residential-Single Family
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Attached:

false
Additional Parcels:

false
Lot Features:

Some Trees
Lot Size Area:

0.11
Lot Size Dimensions:

60x82x60x82
Lot Size SqFt:

4965.84
Lot Size Units:

Acres
View:

Lake, River
Lake Chain:

N
Lake Acres:

25215
Lake Depth:

60
Water Body Name:

Pepin
Road Between Waterfront and Home:

Yes
Road Frontage Type:

City Street, Paved Streets, Sidewalks
Road Responsibility:

Public Maintained Road
Water Source:

City Water/Connected
Other Structures:

Other, Storage Shed
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

2206
Tax With Assessments:

2206.0000

Beds

Bedrooms Total:

3

Baths

Total Baths:

1
Bath Description:

Main Floor 3/4 Bath,Walk-In Shower Stall
Three Quarter Baths:

1

The Listing

Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Forced Air, Fireplace(s)
Cooling:

Central Air

Utilities

Electric:

Circuit Breakers, 100 Amp Service
Sewer:

City Sewer/Connected

Appliances

Appliances:

Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer

Schools

High School District:

Lake City

The Community

Subdivision Name:

Lake City
Pool Features:

None
Waterfront:

false
Waterfront Features:

Lake View, River View
Association:

false
Assessment Pending:

No

Parking

Parking Features:

Detached, Gravel
Garage Spaces:

1
Garage SqFt:

248

Monthly cost estimate

Asking price

$360,000

Expense	Monthly cost
Mortgage	$1,927
Taxes	$183
Insurance	$99
Utilities	$192 See report
Total	$2,401/mo.^*
	^*This is an estimate

Explore the Area

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Max Internet Speed

Mediacom

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Sale history

Date	Event	Source	Price	% Change
6/8/25 Jun 8, 2025	Listed / Active	NORTHSTAR	$360,000
6/6/25 Jun 6, 2025	Coming Soon	NORTHSTAR	$360,000	77.3% (26.7% / YR)
7/15/22 Jul 15, 2022		NORTHSTAR	$203,000	12.8%

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This house located in Lake City, MN 55041 is currently for sale for $360,000. 311 N Franklin Street is a 1,147 square foot house with 3 beds and 1 bath that has been on Estately for 12 days. This house is in the attendance area of Bluff View Elementary School and Lincoln High School.

Listing Courtesy of: NORTHSTAR and Lakes Sotheby's International Realty.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.