520 E Elm Street, Mankato, MN 56001

$249,000 Asking Price

4 beds
2 baths
2,264  sqft
Built in 1959

This clean 4-bed, 2-bath home in central Mankato with a 5-unrelated rental license is a fantastic opportunity for both homeowners and investors alike. Featuring a spacious walk-out basement and numerous updates, this property offers comfort, convenience, and modern living. The main floor has a spacious living room, two large bedrooms, and a full bathroom. Enjoy brand new kitchen appliances and a new AC, all installed in the summer of 2024. The staircase leading to the basement has been upgraded with fresh carpet. The large family room in the basement features a cozy fireplace, bar, and 3/4 tiled bath. Two newly renovated bedrooms feature durable waterproof, mold-resistant laminate flooring, and the family room has also been updated with the same high-quality flooring. Individual heaters in the bedrooms allow for customizable heat setting. A large utility/laundry room and an expansive concrete storage room complete the lower level, with walk-out access to a private parking in the backyard. PLEASE NOTE: 5-unrelated rental license; New Attic A/C Unit (Summer 2024); New Refrigerator (2024), New Stove (2024), New Dishwasher (2024), New Staircase Carpeting (2024), Radon Mitigation System installed during previous purchase; 200 AMP electrical service.

Features & Amenities

Interior

Appliances:
Dishwasher,Disposal,Dryer,Microwave,Range/Stove,Refrigerator,Washer
Dining:
Combine with Kitchen
Basement:
Daylight/Lookout Windows,Egress Windows,Finished,Walkout
A/C:
Central
Heating:
Baseboard,Space/Wall Heater
Fireplace:
Wood Burning, Fireplace

Exterior

General:
Wood, Driveway - Concrete,Fenced Yard - Partial,Patio
Style:
SF Single Family

Construction

Roofing:
Asphalt Shingles
General:
Frame/Wood, 1 Story

Location

Road/Access:
City,Curb/Gutters,Paved,Sidewalk
School District:
Mankato #77
County:
Blue Earth County

Lot

Zoning:
R01.09.07.477.015

Utilities

Water:
City
Sewer:
City

This listing courtesy of:
Edina Realty Inc. Mankato

About Mankato, MN

Housing

Number of Units
28,608
Median Home Value
$211,613
Median Rent
$860

39.99% of housing units are renter occupied.

5.68% are vacant.

Commute

Car
71.01%
Public Transportation
1.84%
Walk to Work
2.40%
Work from Home
23.37%
Other
0.78%

The median travel time to work is 13 minutes.

People

Population
65,664
Median Age
32.70
Median Household Size
2.65

Education

High School
22.96%
Associate’s Degree
11.84%
Bachelor’s Degree
27.18%
Graduate Degree
13.86%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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