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314 N Broad Street, Mankato, MN 56001

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For Sale

$222,500

3 beds1,588 sqft

Estimated Payment

$ 1,331 /mo.

6.67% APR for 30 yrs.
$2,228 in taxes
Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $140.11
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Prime Rental Investment Property with Active 5 Unrelated Rental License! This fantastic home presents a wonderful opportunity for both investors & future homeowners! Located just minutes from shopping, schools, and scenic trails, it s ideally situated for convenience and accessibility. Rent to 5 unrelated tenants or use as a single-family home with future rental potential. The property has seen numerous upgrades (furnace, AC, roof, windows) offering peace of mind and efficiency for years to come. Unfinished basement & attic bonus space ready for your customization! Parking Two-stall attached garage with concrete driveway, conveniently located next to the alley for easy access, plus off-street parking in front. Whether you're looking to start earning income immediately or desire a future investment property with owner-occupant flexibility, this property offers the best of both worlds. It s an ideal choice for someone seeking a long-term investment with immediate rental potential!
MLS# 7036753

Courtesy Of Realty Executives Associates

(612) 990-6375

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Dishwasher, Dryer, Freezer, Garbage Disposer, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Heating System
    Forced Air
  • Lot Size
    0.15 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 314 N Broad Street, Mankato, MN 56001
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Home seller CENTURY 21 Atwood

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $1,145
  • Property Taxes
    $185
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $1,331

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Franklin Elementary School

Grades KG-5 Public School


Mankato, MN 56001 0.5 miles
1000 n broad st

411 total students
11:1 Student teacher ratio

Prairie Winds Middle School

Grades 6-8 Public School


Mankato, MN 56001 2.8 miles
1200 prairie winds dr

1090 total students
18:1 Student teacher ratio

East High School

Grades 9-12 Public School


Mankato, MN 56001 2 miles
2600 hoffman rd

1205 total students
21:1 Student teacher ratio

Other Nearby Schools Distance Type Grades School Rating
Immanuel Lutheran School 0.1 miles Private KG-12
Prairie Care Mankato 0.2 miles Public KG-12
Kato Public Charter School 0.3 miles Public 6-12 F
Special Education 0.4 miles Public PK-12
Bridges Community Elementary School 0.7 miles Public KG-5 B
Monroe Elementary School 0.8 miles Public KG-5 C+
Central Freedom School 0.9 miles Public 7-12
Life Lines Adult Connection 0.9 miles Public 11-12
Central High Area Learning Center 0.9 miles Public 9-12 F
Mankato Area Summer School 0.9 miles Public 9-12
Mankato Area Night School 0.9 miles Public 9-12
Washington Elementary School 1 miles Public PK-5 B-
Jefferson Elementary School 1.1 miles Public KG-5 B
West High School 1.2 miles Public 9-12 B-
Grace Christian School 1.4 miles Private PK-12
Roosevelt Elementary School 1.4 miles Public KG-5 B+
Loyola Catholic School 1.5 miles Private PK-12
Risen Savior Lutheran School 1.6 miles Private KG-8
Central Middle School Area Learning Center 1.8 miles Public 6-8

Immanuel Lutheran School

Distance: 0.1 miles

Type Private

Grades: KG-12

Prairie Care Mankato

Distance: 0.2 miles

Type Public

Grades: KG-12

Kato Public Charter School

Distance: 0.3 miles

Type Public

Grades: 6-12

F

Special Education

Distance: 0.4 miles

Type Public

Grades: PK-12

Bridges Community Elementary School

Distance: 0.7 miles

Type Public

Grades: KG-5

B

Monroe Elementary School

Distance: 0.8 miles

Type Public

Grades: KG-5

C+

Central Freedom School

Distance: 0.9 miles

Type Public

Grades: 7-12

Life Lines Adult Connection

Distance: 0.9 miles

Type Public

Grades: 11-12

Central High Area Learning Center

Distance: 0.9 miles

Type Public

Grades: 9-12

F

Mankato Area Summer School

Distance: 0.9 miles

Type Public

Grades: 9-12

Mankato Area Night School

Distance: 0.9 miles

Type Public

Grades: 9-12

Washington Elementary School

Distance: 1 miles

Type Public

Grades: PK-5

B-

Jefferson Elementary School

Distance: 1.1 miles

Type Public

Grades: KG-5

B

West High School

Distance: 1.2 miles

Type Public

Grades: 9-12

B-

Grace Christian School

Distance: 1.4 miles

Type Private

Grades: PK-12

Roosevelt Elementary School

Distance: 1.4 miles

Type Public

Grades: KG-5

B+

Loyola Catholic School

Distance: 1.5 miles

Type Private

Grades: PK-12

Risen Savior Lutheran School

Distance: 1.6 miles

Type Private

Grades: KG-8

Central Middle School Area Learning Center

Distance: 1.8 miles

Type Public

Grades: 6-8

Local area information for Mankato, MN 56001

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Mankato, MN 56001

This community’s employment is highest in the administrative support and sales industries. The area’s overall household expenses are below the national average.

84° July
Hottest Average Month

4° January
Coldest Average Month
20,985 Total Households in Area
24.8%
of households
have children
15 minutes
Median Commute Time

Household Expenses vs National Average

Demographic facts
for Mankato, MN 56001

Mankato, MN 56001 has a population of 51,478 people in 20,985 households with a median age of 31.4 years old.

Up 0.8%
Increase in population
since the year 2010

Population is Trending up
20,038
Total households as of 2010
Up
6.9%

Community Population By Age

Community Population By Ethnicity

White 79%
Black 8%
Hispanic 6%
Asian 4%
Other 2%
Native American <1%

Economics
for Mankato, MN 56001

445 /sq mi
Population Density
$66,340 /yr
Median Household Income
$283,200
Median Sales Price
15 min
Median Commute Time

Household Expenses vs National Average

Household by Income

Transportation to Work

  • Drive 86%
  • Work from Home 9%
  • Walk or Bike 3%
  • Public Transit 2%

Occupancy by Type

Owned 11,890 53%
Rented 9,096 41%
Vacant 1,377 6%

White vs Blue Collar Jobs







White Collar 72%
Blue Collar 28%

Family & Education Facts
for Mankato, MN 56001

31.4 Median Age

Average Household Size

2.3
persons per
household

38.5%

Married Households

Community Population By Education

Bachelors Degree 26%
High School Graduate 22%
Some College 19%
Graduate Degree 14%
Associates Degree 14%
Some High School 5%

Household Family Expenses vs National Average

24.8% of households have children

Weather
for Mankato, MN 56001

The weather for this area ranges from a high of 84° F in July to a low of 4° F in January

84° July
Hottest Average Month
4° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
4°
23°
Feb
9°
28°
Mar
21°
40°
Apr
35°
58°
May
47°
71°
Jun
56°
80°
Jul
61°
84°
Aug
59°
82°
Sep
49°
73°
Oct
38°
61°
Nov
24°
42°
Dec
10°
28°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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