314 N High Street, Lake City, MN 55041
- $297,000
- 4
- BD
- 2
- BA
- 2,179
- SqFt
- Sold Price
- $297,000
- List Price
- $285,000
- Closing Date
- Oct 23, 2025
- MLS#
- 6704643
- Status
- CLOSED
- Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 2,179
- Acres
- 0.22
- Subdivision
- Lake City
- Year Built
- 1901
Property Description
This beautifully updated duplex offers flexibility, charm, and strong rental potential—all on a spacious 13,125 sq ft lot. With over 2,100 finished square feet, the property includes two well-appointed units: The Jasmine Apartment (main floor) features 2 bedrooms, 1 full bath, in-unit laundry, and approx. 1,100 sq ft. The Fire Lily Apartment (upper level) offers 2 bedrooms, 1 ¾ bath, and approx. 1,079 sq ft. Extensive updates throughout include new spray-foam insulation, new garage roof (2023), upgraded plumbing (PEX), updated electrical in remodeled areas, new light and plumbing fixtures, fresh knockdown ceilings, and new carpet throughout. The home has also been legally converted to a duplex with proper permitting, including a new second bedroom addition on the main level and a block foundation added to most of the structure. Exterior improvements include a new sidewalk, concrete patio, grading and topsoil restoration, and a newly seeded lawn (2024). Income-producing and well-maintained, this home is currently operated as a successful vacation rental, with the option to sell furnished or unfurnished. It’s an ideal opportunity for investors, house hackers, or owner-occupants looking for move-in ready comfort and income potential. If you like this property, be sure to check out our other listing at 311 Prairie Street —these two are owned together and have a lot in common!
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Additional Information
- School District
- Lake City
- Tax Year
- 2025
- Fuel
- Natural Gas
- Lot Description
- Corner Lot, Tree Coverage - Medium
- Sewer
- City Sewer/Connected
- Topography
- Sloped
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- Crawl Space
- Parking
- Detached Garage, Gravel
- Garage Spaces
- 2
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Listing courtesy of Brick & Banister Real Estate.
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