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413 N Franklin Street

Lake City, MN 55041

– beds
– baths
2,104 sqft
$356 per sqft
1917 build
– on site

Rare investor opportunity! Don't miss your chance to own this exceptional duplex featuring breathtaking, unobstructed views of Lake Pepin. Perfectly positioned and well-maintained, this property offers outstanding flexibility-live in one unit and rent the other, generate income through short-term rentals, or add a solid asset to your investment portfolio. Each unit is designed to maximize natural light and lake views, with expansive patio doors that open onto patio...ideal for relaxing and soaking in the stunning scenery. Walking distance to the river walk, downtown shopping, dining, beach and marina. Whether you're looking for a scenic retreat with income potential or a smart investment in a sought-after location, this duplex offers the best of both worlds-value and beauty with a view.

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

Last checked: Checking… • Last updated Jun 8, 2025 •

MLS# 6729350 —

The Building

Year Built:

1917
New Construction:

false
Age Of Property:

108
Construction Materials:

Aluminum Siding
Construction Materials Desc:

Frame
Roof:

Age Over 8 Years
Accessibility Features:

None
Levels:

Modified Two Story
Main Level Finished Area:

1384.0000
Basement:

Block, Partial
Basement:

true
Foundation Area:

1209
Building Area Total:

2700
Above Grade Finished Area:

2104

Room Dimensions

Living Area:

2104

Location

Directions:

Highway 61 to Lake City, left on Park Street , right on Franklin
Latitude:

44.452572
Longitude:

-92.269464

The Property

Parcel Number:

R220021500
Property Type:

Residential Income
Property Subtype:

Duplex Side by Side
Additional Parcels:

false
Lot Size Area:

0.06
Lot Size Dimensions:

60x82x60x82
Lot Size Units:

Acres
View:

Lake, Panoramic
Lake Chain:

N
Lake Acres:

25215
Lake Depth:

60
Water Body Name:

Pepin
Waterfront Slope:

Level
Road Between Waterfront and Home:

Yes
Road Frontage Type:

City Street
Road Responsibility:

Public Maintained Road
Fencing:

Composite
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

4992
Tax With Assessments:

4992.0000

The Listing

Virtual Tour Unbranded:

Virtual Tour

Heating & Cooling

Heating:

Forced Air

Utilities

Electric:

Circuit Breakers
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Two

Schools

High School District:

Lake City

The Community

Subdivision Name:

Lake City
Waterfront:

false
Waterfront Features:

Lake View
Association Amenities:

None
Assessment Pending:

Unknown

Parking

Garage Spaces:

2
Garage Dimensions:

20x19
Garage SqFt:

380

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
6/7/25 Jun 7, 2025	Listed / Active	NORTHSTAR	$749,900
6/4/25 Jun 4, 2025	Coming Soon	NORTHSTAR	$749,900

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This multifamily located in Lake City, MN 55041 is currently for sale for $749,900. 413 N Franklin Street is a 2,104 square foot multifamily with – beds and – baths that has been on Estately for 14 days. This multifamily 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.