Listed at
$229,900
$250/sqft

Madison Lake

505 7th Street, Madison Lake, MN, 56063
2  Bedrooms2  Bathrooms920  Square Feet0.163  Acres
Days on market313
Year built1890
Garage spaces4
TypeResidential
Est. $3,897buyer credit when you buy with SODL
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About this home

Welcome to Madison Lake! Discover this charming 2-bedroom, 1 1/4-bath home situated on a generous 50' x 142' lot, featuring an impressive oversized 4+ stall garage. The expansive garage offers exceptional versatility—perfect for storage, large gatherings, indoor parking, or hobby, workshop and project space. Creators and DIY enthusiasts will appreciate the thoughtful upgrades, including: 3-wired outlets for welding, mounted heater, cement floor for easy clean up, stereo and speakers are included, 8’ insulated garage door. Ideal for ATVs, lawn equipment, or workshop space. This property provides the space, functionality, and features to fit a variety of lifestyles. Items that stay with the home are Refrigerator, Range/Oven, Microwave, Washer, Dryer, 2-AC Window Units (Livingroom and Upstairs) Schedule your showing today.

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Home facts

Property typeResidential
Year built1890
LevelsOne and One Half
Living area920 sqft
Above-grade finished920 sqft
Below-grade finished0 sqft
Lot size0.163 acres (50 x 142)
Days on market313
ListedNov 18, 2025
MLS #NST6819544
CountyBlue Earth
SubdivisionMadison Lake
Parcel #R140534261002

Facts & features

Interior

Bedrooms
2
Bathrooms
2
Bath breakdown
1 full / 1 1/4
Heating
Forced Air
Cooling
Window Unit(s)
Appliances
Dryer, Microwave, Range, Refrigerator, Washer

Property

Levels / stories
One and One Half
Garage
4 spaces · 28 x 28 · 784 sqft
Parking features
Detached Garage, Concrete, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, RV Access/Parking
Patio & porch
Patio
Other structures
Storage Shed
Lot size
0.163 acres

Construction

Property type
Residential
Construction materials
Post and Beam, Frame
Foundation
320 sqft
Roof
Asphalt
Year built
1890

Utilities

Water
City Water/Connected
Sewer
City Sewer/Connected
Fuel
Natural Gas
Electric
Circuit Breakers, 200+ Amp Service

Community & HOA

Subdivision
Madison Lake
HOA
No HOA
School district
Mankato

Financial & listing details

Annual tax
$1,590 (2025)
Tax with assessments
1610
Listed
Nov 18, 2025
Days on market
313 · 1 cumulative
Manufactured home
Yes

Interior details

Total bathrooms2
Full baths1
3/4 baths0
Half baths0
1/4 baths1
BasementPartial
HeatingForced Air
CoolingWindow Unit(s)
AppliancesDryer, Microwave, Range, Refrigerator, Washer
AmenitiesCeiling Fan(s), Patio, Washer/Dryer Hookup
AccessibilityNone

Exterior & lot

RoofAsphalt
Foundation area320 sqft
Patio/porchPatio
Road frontageCity Street
ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected
SewerCity Sewer/Connected
FuelNatural Gas

Parking & garage

ParkingDetached Garage, Concrete, Finished Garage, Garage Door Opener, Heated Garage, Insulated Garage, RV Access/Parking
Garage spaces4
Garage size784 sqft

Financial details

Annual taxes$1,590
Tax year2025
Taxes w/ assessments1610
Assessment pendingYes
Down payment resourceYes
Lender ownedNo
Short saleNo
ForeclosureNo

Schools

District number2262
District phone5073871868
High schoolMankato
SODL flat fee brokerage
$3,897Estimated buyer credit
SODL platform fee $3,000Your buyer credit $3,897

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

$1,417/mo
Principal & interest$1,208
Property taxes$133
Home insurance (est.)$77
%
$45,980
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

505 7th Street, Madison Lake, MN, 56063

Listing information

MLS #NST6819544
StatusActive
Last updatedDec 9, 2025, 10:06 AM
Originally listedNov 19, 2025, 11:36 AM
Listing officeHome Run Realty

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.