Home › 123 N 4th Street, Mankato, MN 56001 (MLS# 7049981)

123 N 4th Street, Mankato, MN 56001 (MLS# 7049981)

$2,100,000
123 N 4th Street
Mankato, MN 56001
MLS# 7049981

123 N 4th Street, Mankato, MN 56001
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123 N 4th Street, Mankato, MN 56001 123 N 4th Street, Mankato, MN 56001 123 N 4th Street, Mankato, MN 56001 123 N 4th Street, Mankato, MN 56001 123 N 4th Street, Mankato, MN 56001 123 N 4th Street, Mankato, MN 56001 123 N 4th Street, Mankato, MN 56001 123 N 4th Street, Mankato, MN 56001

Property Description
28-unit apartment building investment opportunity! This property features 19 one-bedroom units, 3 two-bedroom units, and 6 studio apartments. Recent improvements include new windows, updated flooring, fresh paint, new doors, tiled hallways, on site laundry area, and select units with upgraded kitchen cabinetry and countertops. While many updates have been completed, the property still offers additional renovation opportunities for a new owner to further enhance value and increase rents. With the ability to update remaining units and place your own tenants, this is an ideal opportunity for investors looking to customize management and maximize returns. Located within walking distance to downtown amenities and public transit.

Details
Maps
Contract Information
Status: Active
Current Price: 2100000
Contingency: None
ListPrice: 2100000
List Date: 2026-04-06
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Waterfront Present: No
Year Built: 1926
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 5412
For Sale or Lease: For Sale
Acres: 0.24
Lot Dimensions: 158x67
Assessment Pending: No
Location Tax and Other Information
House Number: 123
Street Direction Prefix: N
Street Name: 4th
Street Suffix: Street
Postal City: Mankato
County: Blue Earth
State: MN
Zip Code: 56001
Complex/Dev/Subdivision: Mankato
Assessments
Assessment Balance: 6510.88
Tax With Assessments: 30574
Building Information
Building Finished SqFt: 21648
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building
Unit Details
Total Units: 28
Property Features
Accessible: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Lock Box Type: None
On Site Utilities: Electric Separate
Sewer: City Sewer/Connected
Stories: Three Or More
Water: City Water/Connected

Listing Office: Keller Williams Premier Realty

Last Updated: May - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Wednesday 27th of May 2026 10:28 PM

218-998-4400

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