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 $1,950 (2026).

What school district is this property in?

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

Does this home have a garage?

Yes, this home has a 1-car garage.

How long has this property been on the market?

This property has been listed for 5 days.

Listed at

$229,900

$204/sqft

Lake City

506 N 7th Street, Lake City, MN, 55041

2 Bedrooms1 Bathroom1,127 Square Feet0.163 Acres

Days on market5

Year built1890

Garage spaces1

TypeResidential

Est. $3,897buyer credit when you buy with SODL

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About this home

Full of character and charm, this Lake City home blends classic details with thoughtful updates and a functional layout. Step inside to beautiful hardwood floors, rich natural woodwork, a stained-glass window and plenty of natural light throughout the main level. The updated kitchen features white cabinetry, stainless steel appliances, tile backsplash and ample workspace, while the adjacent dining area and additional main-level family room/den offer flexible space for everyday living. Upstairs you’ll find two comfortable bedrooms, including a primary with two walk-in closets. Outside, enjoy the covered front porch, full privacy-fenced backyard and detached garage. A park sits just behind the property, and Lake Pepin, downtown amenities, dining and recreation are all nearby. With historic character, useful updates and a great in-town location, this home is ready for its next chapter.

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Home facts

Property typeResidential

Property subtypeSingle Family

Year built1890

LevelsTwo

Living area1,127 sqft

Above-grade finished1,127 sqft

Below-grade finished0 sqft

Lot size0.163 acres (50 x 142)

Days on market5

ListedSep 17, 2026

MLS #NST7148339

CountyWabasha

SubdivisionLake City

Parcel #R220109000

Facts & features

Interior

Bedrooms: 2
Bathrooms: 1
Bath breakdown: 1 full
Heating: Forced Air
Cooling: Central Air
Basement: Block, Full, Unfinished · 0 sqft finished

Property

Levels / stories: Two
Garage: 1 space · 408 sqft
Parking features: Detached Garage
Exterior features: Steel Siding
Lot size: 0.163 acres
Lot dimensions: 50 x 142

Construction

Property type: Residential
Property subtype: Single Family
Foundation: Block · 802 sqft
Year built: 1890

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: $1,950 (2026)
Listed: Sep 17, 2026
Days on market: 5 · 38 cumulative
Manufactured home: Yes

Interior details

Total bathrooms1

Full baths1

3/4 baths0

Half baths0

1/4 baths0

BasementBlock, Full, Unfinished

HeatingForced Air

CoolingCentral Air

AccessibilityNone

Exterior & lot

ExteriorSteel Siding

FoundationBlock

Foundation area802 sqft

ZoningResidential-Single Family

Utilities

Water sourceCity Water/Connected

SewerCity Sewer/Connected

FuelNatural Gas

Parking & garage

ParkingDetached Garage

Garage spaces1

Garage size408 sqft

Financial details

Annual taxes$1,950

Tax year2026

Taxes w/ assessments1950

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

$3,897Estimated buyer credit

SODL platform fee $3,000Your buyer credit $3,897

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

$1,447/mo

Principal & interest$1,208

Property taxes$163

Home insurance (est.)$77

Down payment

$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.