311 N Franklin Street, Lake City, MN 55041 (MLS# 7079417)


$350,000
311 N Franklin Street
Lake City, MN 55041
MLS# 7079417
3 beds  |  1 baths  |  1660 sqft


311 N Franklin Street, Lake City, MN 55041
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Property Description
Discover this charming cottage retreat just one block from Lake Pepin, Ohuta Beach and Lake City Marina – PRIME LOCATION & INVESTMENT OPPORTUNITY! Whether you're searching for a peaceful full-time residence, a cozy weekend escape, or a high-performing vacation rental property, this home offers the ultimate blend of lifestyle, location, and opportunity. Located in one of Lake City’s most sought-after neighborhoods, this beautifully maintained cottage-style home puts you just moments from lake breezes, the scenic riverwalk, quaint shops and restaurants, and all the city’s top attractions—including festivals, boating, and lakeside fun. Inside you'll find cozy living spaces filled with natural light and thoughtful updates. Enjoy peaceful mornings with coffee, chirping birds, and lake views from inside the enclosed front porch. Enter outside into a beautifully designed backyard oasis, perfect for both relaxing and entertaining. Gather around the built-in fire pit for enchanting evenings under the stars, or enjoy the flexible outdoor den—ideal for lounging, games, or watching the big game in the fresh air. The spacious deck provides a perfect setting for weekend barbecues and outdoor dining. Don’t miss your chance to own a slice of Lake City’s most picturesque and vibrant lakeside living!

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 350000
Original List Price: 360000
ListPrice: 350000
List Date: 2026-05-22
Owner is an Agent?: Yes
Auction?: No
General Property Information
Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: 1
Road Btwn WF & Home?: Yes
Waterfront YN: No
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 3
Baths Total: 1
Bath Three Quarters: 1
Main Floor Total SqFt: 1209
Above Grd Total SqFt: 1209
Below Grd Total SqFt: 451
Total SqFt: 1660
Total Finished Sqft: 1147.00
FireplaceYN: Yes
Lake/Waterfront Name: Pepin
Style: (SF) Single Family
Foundation Size: 1147
Garage Stalls: 1
Lot Dimensions: 60x82x60x82
Acres: 0.11
Assessment Pending: No
Location Tax and Other Information
House Number: 311
Street Direction Prefix: N
Street Name: Franklin
Street Suffix: Street
Postal City: Lake City
County: Wabasha
State: MN
Zip Code: 55041
Complex/Dev/Subdivision: Lake City
Assessments
Tax With Assessments: 2206
Building Information
Finished SqFt Above Ground: 1147
Lake Details
Lake Acres: 25215
Lake Depth: 60
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 248
Public Survey Info
Range#: 12
Section#: 4
Township#: 111
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Ceiling Fan(s); Deck; Kitchen Window; Main Floor Primary Bedroom; Porch
Appliances: Disposal; Dryer; Freezer; Microwave; Range; Refrigerator; Washer
Basement: Partial
Bath Description: Main Floor 3/4 Bath; Walk-In Shower Stall
Construction Status: Previously Owned
Dining Room Description: Eat In Kitchen; Kitchen/Dining Room
Electric: 100 Amp Service; Circuit Breakers
Exterior: Vinyl
Fireplace Characteristics: Gas Burning; Living Room
Foundation: Other
Fuel: Natural Gas
Heating: Forced Air
Laundry: In Basement
Lot Description: Tree Coverage - Light
Outbuildings: Other
Pool Description: None
Road Frontage: City Street; Paved Streets; Sidewalks
Road Responsibility: Public Maintained Road
Roof: Asphalt Shingles; Flat; Pitched
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Special Search: 3 BR on One Level; All Living Facilities on One Level; Main Floor Bedroom; Main Floor Primary
Stories: One
Water: City Water/Connected
Waterfront Type: Lake View; River View
Waterfront View: Lake; River
Room Information
Room Name Dimensions Level
Three Season Porch20x06Main
Dining Room12x07Main
First (1st) Bedroom12x12Main
Kitchen12x10Main
Porch16x12Main
Second (2nd) Bedroom11x10Main
Third (3rd) Bedroom11x09Main

Listing Office: Lakes Sotheby's International Realty

Last Updated: July - 10 - 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.

Tuesday 14th of July 2026 01:04 PM

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