, North Mankato, MN 56003 (MLS# 6690456)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 12
Year Built: 1980
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4248
Garage Stalls: 12
For Sale or Lease: For Sale
Acres: 0.69
Lot Dimensions: 186x183x210x123

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Shared: Coin-op Laundry Owned Appliances: Dishwasher; Range; Refrigerator CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Financing Terms: Conventional Foundation: Other Fuel: Electric Heating: Baseboard Lock Box Type: None On Site Utilities: Electric Common; Electric Separate Owner Pays: Gas; Sewer; Snow Removal; Trash Collection; Water Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Tenant Pays: Electricity Water: City Water/Connected

Contract Information

Off Market Date: 2025-07-01
Closed Date: 2025-08-12
Sales Close Price: 2900000
Contingency: None
ListPrice: 1950000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: North Mankato
County: Nicollet
State: MN
Zip Code: 56003

Assessments

Assessment Balance: 189
Tax With Assessments: 15816

Building Information

Building Finished SqFt: 8496
Building SqFt: 8496

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit 2

No. of 2 Bedroom Units: 12

Unit Details

Total Units: 12

Office/Member Info

Association: SEMR

Location, Tax and Other Information

Legal Description: LOT TRACT B SUBDIVISIONCD 18753 SUBDIVISIONNAME REG LAND SURVEY #8
Listing City: North Mankato
Map Page: 999
Municipality: North Mankato
School District: Mankato
School District Phone: 507-387-1868
Property ID Number: 187530020
Tax Year: 2025
Tax Amount: 15627
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Prime 12-unit - 12 garage apartment complex in Upper North Mankato is a fantastic investment opportunity, offering 100% occupancy and superb rental history. All 12 units are spacious two-bedroom apartments, with upper-level units featuring walk-out decks from both the living room and main bedroom. Five remodeled units with new flooring, cabinets, counter tops, vanity & lighting. Separate electric meters, wall A/C units in all apartments, & coin-operated laundry for extra income. Don’t miss out on this strong rental property with a proven track record of full occupancy and steady cash flow for a long-term investment.
Directions: Lookout to Allan Ave

Accessible

None: Yes

Air Conditioning

Wall Unit(s): Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes

Financing Terms

Conventional: Yes

Foundation

Other: Yes

Fuel

Electric: Yes

Heating

Baseboard: Yes

Lock Box Type

None: Yes

Owner Pays

Gas: Yes
Sewer: Yes
Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes

Sewer

City Sewer/Connected: Yes

Water

City Water/Connected: Yes

Tenant Pays

Electricity: Yes

On Site Utilities

Electric Common: Yes
Electric Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes