506 N 7th Street

Lake City, MN
$ 229,900 Beds 2 Baths 1 Sq 1,127
Monthly Estimate* How much can I afford?

Full of character and charm, this Lake City home blends classic details with thoughtful updates and a functional layout. Step inside to beautiful hardwood floors, rich natural woodwork, a stained-glass window and plenty of natural light throughout the main level. The updated kitchen features white cabinetry, stainless steel appliances, tile backsplash and ample workspace, while the adjacent dining area and additional main-level family room/den offer flexible space for everyday living. Upstairs you’ll find two comfortable bedrooms, including a primary with two walk-in closets. Outside, enjoy the covered front porch, full privacy-fenced backyard and detached garage. A park sits just behind the property, and Lake Pepin, downtown amenities, dining and recreation are all nearby. With historic character, useful updates and a great in-town location, this home is ready for its next chapter.

Single Family

  • Price
  • $ 229,900
  • City
  • Lake City
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • WABASHA
  • Half Bathrooms
  • 0
  • Area
  • Lake City
  • Lot Size
  • 0.163 Acres
  • Zip
  • 55041
  • Sqr Footage
  • 1,127
  • Year Built
  • 1890
  • Taxes
  • $ 1950
  • Style
  • Single Family
  • MLS#
  • 7148339
Listed By: MN WI Real Estate Hub
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1127
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Garage Spaces 1
Year Built 1890
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Wabasha
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Lake City
Full Baths 1
Directions Hwy 61 to Monroe to North 7th street
City Lake City
High School District Lake City
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1950
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Lake City

Interior Features

Basement Block,Full,Unfinished
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1127
Total Bedrooms 2
Total Baths 1
Fuel Natural Gas
Garage Square Feet 408

Exterior Features

Parking Features Detached Garage
Water Source City Water/Connected
Lot Size Area 0.163
Building Area Total 1929
Lot Dimensions 50 x 142
Waterfront Y/N No
Foundation Area 802

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Northfield, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

9/22/2026 Listed $229,900

Property vs Zip Code Average in 55041

Price
AVG $450K
$230K
Taxes
AVG $3,965
$1,950
Year Built
AVG 1971
1890

In The Neighborhood

Areas That We Cover

506 N 7th Street Lake City, MN is a Single Family Home for sale at $229900 with 1127 sqft and a lot size of 0.163 Acres Acre(s). 506 N 7th Street Lake City has 2 bedrooms, 1 baths and was built in 1890. The property's zip code is 55041 which is in Lake City, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Your Agent
Megan Culhane

Megan Culhane

507-203-2415

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