Listed at
$400,000
$170/sqft

Lake City

118 W Chestnut Street, Lake City, MN, 55041
4  Bedrooms2  Bathrooms2,350  Square Feet0.26  Acres
Days on market626
Year built1860
Garage spaces2
TypeResidential
Est. $9,000buyer credit when you buy with SODL
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About this home

This is the perfect opportunity for anyone seeking a family home and/or rental property in Lake City, MN. Step into this 4 bedroom, 2 bathroom home located just a few blocks from Lake Pepin and Downtown Lake City. Situated on a corner lot with a spacious yard, 2 car detached garage with a drive through driveway and a wrap around covered porch. This 2,350 square foot home features beautiful woodwork throughout the house and ample natural lighting. The main floor has a large entryway, updated kitchen with generous cabinet space and a comfortable living room and dining area. 3 nice sized bedrooms are located on the second floor along with a bonus room-perfect for a home office, toy room or study with cabinetry and storage and a second full bath. The second floor also features a bright 3-season porch, perfect for Minnesota's Spring and Fall months. Walk up to an unfinished attic that has great potential for finishing.

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Home facts

Property typeResidential
Property subtypeSingle Family Residence
Year built1860
LevelsMore Than 2 Stories
Living area2,350 sqft
Above-grade finished2,350 sqft
Below-grade finished0 sqft
Lot size0.26 acres (90 x 125)
Days on market626
ListedJan 10, 2025
MLS #NST6647770
CountyWabasha
SubdivisionLake City
Parcel #R220035700

Facts & features

Interior

Bedrooms
4
Bathrooms
2
Bath breakdown
2 full
Heating
Boiler, Hot Water
Cooling
Window Unit(s)
Appliances
Dishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Washer, Water Softener Owned

Property

Levels / stories
More Than 2 Stories
Garage
2 spaces · 26 x 26 · 676 sqft
Parking features
Detached, Gravel, Shared Driveway
Lot size
0.26 acres
Lot dimensions
90 x 125
Accessibility
None

Construction

Property type
Residential
Property subtype
Single Family Residence
Construction materials
Vinyl Siding
Foundation
1,131 sqft
Year built
1860

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected

Community & HOA

Subdivision
Lake City
HOA
No HOA
School district
Lake City

Financial & listing details

Annual tax
$3,902 (2024)
Tax with assessments
3902.0000
Listed
Jan 10, 2025
Days on market
626 · 1 cumulative

Interior details

Total bathrooms2
Full baths2
3/4 baths0
Half baths0
1/4 baths0
BasementFull, Stone/Rock
HeatingBoiler, Hot Water
CoolingWindow Unit(s)
AppliancesDishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Washer, Water Softener Owned
AccessibilityNone

Exterior & lot

Foundation area1,131 sqft
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected

Parking & garage

ParkingDetached, Gravel, Shared Driveway
Garage spaces2
Garage size676 sqft

Financial details

Annual taxes$3,902
Tax year2024
Taxes w/ assessments3902.0000
Assessment pendingNo
Down payment resourceY
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number813
District phone651-345-2198
High schoolLake City
SODL flat fee brokerage
$9,000Estimated buyer credit
SODL platform fee $3,000Your buyer credit $9,000

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

$2,561/mo
Principal & interest$2,102
Property taxes$325
Home insurance (est.)$133
%
$80,000
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.

Location

118 W Chestnut Street, Lake City, MN, 55041

Listing information

MLS #NST6647770
StatusActive
Last updatedJan 11, 2025, 9:42 PM
Originally listedJan 10, 2025, 8:33 PM
Listing officeLoam Commercial Real Estate

Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.

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.