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About This Home

This 6-bedroom, 2-bathroom residential multi family at 414 Madison Avenue in Mankato, MN is listed for $284,900. Built in 1906, on a 0.07 acres lot.

Agent Description

Investment property for sale, licensed as a two-unit, no-limit occupancy property. Great rental history, it is currently leased at $2,640/mo with tenants paying all utilities. Additional investment opportunities near the subject property are available and could be purchased as a small portfolio. Additional information is available upon request.

Key Features

  • Built in 1906
  • 0.07 acre lot
  • 2 stories

Property Details

2 stories
2 full
1906

Monthly Cost Estimate

$1,524/mo

20% down · 6.5% · 30 years

Principal$206
Interest$1,235
Insurance$83

Estimates only. Actual payments may vary.

Location

414 Madison Avenue

Mankato, MN 56001

Property Details

Heating

Forced Air

Questions & Answers

This 6-bedroom, 2-bathroom residential multi family at 414 Madison Avenue is listed at $284,900. The estimated monthly payment is $1,235 based on 20% down at 6.5% interest.

Key features include: Built in 1906, 0.07 acre lot, 2 stories.

This property is listed by CARLOS CARRERA and can be reached at 5077204663 or carlos@mankatocre.com.

CC

CARLOS CARRERA

Agent at RE/MAX DYNAMIC AGENTS

(507) 720-4663

Listed by RE/MAX DYNAMIC AGENTS · View on Broker Site

MLS# 7040380· Source: listhub· Updated 10 days ago

Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

414 Madison Avenue, Mankato, MN 56001

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