Does this property have an HOA?

No, this property does not have a homeowners association.

What are the annual property taxes?

Annual property taxes are $2,692 (2025).

What school district is this property in?

This property is in the 813 - Lake City school district.

How long has this property been on the market?

This property has been listed for 40 days.

Listed at

$185,000

$86/sqft

Lake City

118 S Washington Street, Lake City, MN, 55041

2 Bedrooms2 Bathrooms2,160 Square Feet0.03 Acres

Days on market40

Year built1920

ParkingOff Site

TypeResidential

Est. $2,550buyer credit when you buy with SODL

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About this home

Great opportunity to live and work in downtown Lake City in great location with views of Lake Pepin from the apartment upstairs! This unique property is downtown Lake City right by the marina, shops, coffeehouse and more! Enjoy to the fullest what Lake City has to offer! Move-in ready 2 bedroom apartment with beautiful kitchen, living areas, outside balcony at the back, laundry and views of the lake! On the main floor, the retail space is currently rented out and is a great space with income potential! Live upstairs while running your business out of the retail space, or run your business and rent out the apartment! Rent out both spaces if you chose! Many different ways to optimize this property! Enjoy this location as Lake City comes to life in the spring, summer and fall!

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1920

LevelsTwo

Living area2,160 sqft

Above-grade finished2,160 sqft

Below-grade finished0 sqft

Lot size0.03 acres (18x80)

Days on market40

ListedMay 20, 2026

MLS #NST7077150

CountyWabasha

SubdivisionLake City

Parcel #R220028800

Facts & features

Interior

Bedrooms: 2
Bathrooms: 2
Bath breakdown: 1 full / 1 half
Heating: Forced Air
Cooling: Central Air
Basement: Full · 0 sqft finished

Property

Levels / stories: Two
Parking features: Off Site, On-Street Parking Only, Other
Exterior features: Stone, Wood
Waterfront: Lake View
Lot size: 0.03 acres
Lot dimensions: 18x80

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Poured Concrete · 1,080 sqft
Year built: 1920

Utilities

Water: City Water/Connected
Sewer: City Sewer/Connected
Fuel: Natural Gas

Community & HOA

Subdivision: Lake City
HOA: No HOA
School district: 813 - Lake City
High school district: Lake City

Financial & listing details

Annual tax: $2,692 (2025)
Listed: May 20, 2026
Days on market: 40 · 1 cumulative
Manufactured home: Yes

Interior details

Total bathrooms2

Full baths1

3/4 baths0

Half baths1

1/4 baths0

BasementFull

HeatingForced Air

CoolingCentral Air

AccessibilityNone

Exterior & lot

ExteriorStone, Wood

FoundationPoured Concrete

Foundation area1,080 sqft

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingOff Site, On-Street Parking Only, Other

Garage spaces0

Financial details

Annual taxes$2,692

Tax year2025

Taxes w/ assessments2692

Assessment pendingNo

Down payment resourceYes

Lender ownedNo

Short saleNo

ForeclosureNo

Schools

District813 - Lake City

District number813

District phone6513452198

High schoolLake City

SODL flat fee brokerage

$2,550Estimated buyer credit

SODL platform fee $3,000Your buyer credit $2,550

Buyer-side commission

3.0%

How SODL buyer credits work

When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.

Tour homes with SODL’s flexible showing network
Submit offers and manage your transaction through the platform
Keep more money at closing through transparent flat-fee pricing

A clear, modern way to buy with expert guidance and meaningful savings.

Estimated monthly payment

$1,258/mo

Principal & interest$972

Property taxes$224

Home insurance (est.)$62

Down payment

$37,000

0%50%

Credit score

Loan term

These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.