Over-Under Duplex with Rear
For Sale
$79,500
617 W 3rd Street, Madison, MN 56256
MULTI_FAMILY - Madison, MN
Property Size713 SF
Lot Size0.05 Acres
Price / SF$111.50
Days on Market72
Property Features for 617 W 3rd Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bedroom 1, Bathroom 1
Exterior features
Vinyl
Subdivision
City/Madison
High school district
Lac Qui Parle Valley
Directions
From 8th Ave go east 1 1/2 blocks
Standard status
Active
APN
540299000
Size
713 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
372
Utilities
Heating system
Forced Air
Building Details
Year built
1900
Building materials
Frame
Roof type
Shingle
Listing Agency:
Peterson Team Realty
(320) 598-3344
Listed By:
Dawn G Peterson
(763) 390-3017
Added: Jun 1
Changed: Aug 1
Last Checked: Aug 11 at 11:06PM
MLS# 7084703
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This over-under duplex offers separate entrances for each unit, with the owner occupying the main floor while the upper rental is currently vacant. The upper apartment includes a rear entrance, a large kitchen, living and dining areas, a full bathroom, a laundry room, and two bedrooms. The main floor features one bedroom, a newly remodeled bathroom, a living and dining area, a large kitchen, and its own laundry room. The home has a basement and frame construction, with forced-air heating. Vinyl exterior and a shingle roof are in place, and the shingles and siding are reported to be about two years old.
The property sits on a 0.051-acre lot and includes a partial fence in the rear and yard. The seller notes that water, sewer, electricity, and garbage are on one bill, while gas for heating is separate and estimated. The upstairs unit has been described as being rented out by the owner.
Built in 1900, this is a compact income property configuration where either unit can function as a residence.
The property sits on a 0.051-acre lot and includes a partial fence in the rear and yard. The seller notes that water, sewer, electricity, and garbage are on one bill, while gas for heating is separate and estimated. The upstairs unit has been described as being rented out by the owner.
Built in 1900, this is a compact income property configuration where either unit can function as a residence.
Key Highlights
- Over‑under duplex with separate entrances
- Upper unit has rear entrance, large kitchen, living/dining, laundry, and two bedrooms
- Main floor features one bedroom, newly remodeled bathroom, large kitchen, living/dining, and laundry room
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
245
Businesses Nearby
Explore this area
Business Placement
Demographics for 56256, MN
2,433
Population
1,349
Households
1.8
Avg Household Size
51
Median Age
21%
College-Educated
96%
High-School Grad
230.6 sq mi
ZIP Area
11
Density / Sq Mi
$62,250
Median Household Income
$35,302
Median Earnings
$906
Median Rent
$122,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Over-under duplex with separate entrances, forced-air heat, and vinyl exterior; shingles and siding are about two years old.
Where is this duplex located?
The property is located at 617 W 3rd Street Madison, MN.
What is the asking price?
The asking price for this property is $79,500.
What are key features of this property?
This property features: Over‑under duplex with separate entrances; Upper unit has rear entrance, large kitchen, living/dining, laundry, and two bedrooms; Main floor features one bedroom, newly remodeled bathroom, large kitchen, living/dining, and laundry room
