311 N Prairie St Lake City, MN 55041

This income-producing duplex features over 2,000 finished square feet on a 9,000 sq ft lot. Each unit is updated and move-in ready. The property has separate electric meters and shared gas and water/sewer service. The main level, known as the Snowdrop Apartment, includes 3 bedrooms, 1 full bath, in-unit laundry, and refinished hardwood floors. The upper level, called the Marigold Apartment, features 2 bedrooms and 1 ¾ baths, along with new carpet, fresh paint, and updated light fixtures. Both units are fully furnished and have been used as short-term rentals, generating over $33,500 in gross revenue in the past year. Additional features include a new roof installed in 2024, updated landscaping, a closed-off interior stairwell for privacy, and a backyard firepit area. The driveway has minor cosmetic needs, and three upper windows are due for replacement. The property can be sold furnished and rental-ready, or unfurnished for owner occupancy or long-term tenants. Rental books and furnishings can be transferred or cleared prior to closing, depending on buyer preference. The property offers flexible living and investment potential.