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314 High St

$315,000

314 High St, Lake City, MN 55041

Active
Last Updated: 04/21/2025

1,884 sqft

Building Size

0.22 acres

Lot Area

Details:
Building Size:    1,884 sqft
Lot Area:    0.22 acres
Units:    2
Year Built:    1901
Zoning:    Residential-Multi-Family
GrossIncome:    $34,459
Highlights:
  • Days on Market: 3
  • Parking Features: Detached Garage, Driveway - Gravel
  • Lot Size Dimension: 105,125,105,125
Description:

This beautifully updated duplex offers flexibility, charm, and strong rental potential—all on a spacious 13,125 sq ft lot. With over 2,100 finished square feet, the property includes two well-appointed units:

The Jasmine Apartment (main floor) features 2 bedrooms, 1 full bath, in-unit laundry, and approx. 1,100 sq ft.
The Fire Lily Apartment (upper level) offers 2 bedrooms, 1 ¾ bath, and approx. 1,079 sq ft.

Extensive updates throughout include new spray-foam insulation, new garage roof (2023), upgraded plumbing (PEX), updated electrical in remodeled areas, new light and plumbing fixtures, fresh knockdown ceilings, and new carpet throughout. The home has also been legally converted to a duplex with proper permitting, including a new second bedroom addition on the main level and a block foundation added to most of the structure.

Exterior improvements include a new sidewalk, concrete patio, grading and topsoil restoration, and a newly seeded lawn (2024).

Income-producing and well-maintained, this home is currently operated as a successful vacation rental, with the option to sell furnished or unfurnished. It’s an ideal opportunity for investors, house hackers, or owner-occupants looking for move-in ready comfort and income potential.

Corner Lot, Tree Coverage - Medium

Map:
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