506 wheeler Avenue, North Mankato, MN 56003
Nicollet County
Key Facts
Description
Charming and full of character! This North Mankato home offers 2 bedrooms and 1 bathroom on the main floor, showcasing beautiful original hardwood floors, timeless woodwork, and an abundance of natural light throughout. A cozy enclosed porch connects the home and garage, creating additional functional living space and a welcoming place to relax. The lower level features an additional bedroom, bathroom, living room, and efficiency kitchen setup, providing flexibility for extended family, guests, a home office, or rental income potential. The property currently maintains a 2-unrelated rental license, offering opportunities for both owner-occupants and investors. Major updates have already been completed, including a new roof, boiler, and water heater within the last three years, providing peace of mind for years to come. Conveniently located near schools, parks, shopping, and local amenities, this home blends classic character, practical updates, and versatile living options. Whether you’re looking for a place to call home or a property with income-producing potential, this one is worth a look
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Ranch/Rambler (L)
Year Built
1959
Living Area
1,976 sq ft
Lot Size
0.08 acres
Lot Dimensions
68x50
Garage Spaces
1
Days on Market
8
MLS® Listing#
267040541
Property Features
- Interior:
- Eat-in Kitchen, In-Law Floorplan
- Appliances:
- Dishwasher, Dryer, Freezer, Cooktop, Range, Refrigerator, Washer, Gas Water Heater
- Cooling:
- Ceiling Fan(s)
- Heating:
- Natural Gas, Hot Water
- Flooring:
- Hardwood
- Fireplace:
- Wood Burning
- Basement:
- Finished, Full
- Parking:
- Garage Door Opener, Asphalt, Concrete, Attached
- Patio:
- Porch, Patio
- Construction:
- Stone, Vinyl Siding
- Roof:
- Asphalt
- Security:
- Smoke Detector(s)
- Sewer:
- Public Sewer
- Water Source:
- Public
Schools
- District:
- Mankato #77
HOA & Tax
- Annual Tax:
- $2,567 (2026)
- Parcel #:
- 18-560-0220
Affordability Calculator
$50,000
Estimated monthly payment
$1,331/mo
Principal $200,000 · Est. interest $279,018 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in North Mankato, MN
- $402,688
- Median Listing Price
- 84
- Median Days on Market
- 2,072
- Median Sq Ft
- $187
- Median Price / Sq Ft
- 637
- Active Listings
- This home’s price is 38% below the area median.
- Its price per sq ft is 32% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in North Mankato, MN.
Location
- 506 wheeler Avenue, North Mankato, MN 56003
Nearby Schools
Monroe Elementary School
Elementary · 0.3 mi away
Garfield Elementary School
Elementary · 0.3 mi away
RSL Elementary School
Elementary · 0.4 mi away
Prairie Winds Middle School
School · 0.6 mi away
Mankato Area Public Schools
Secondary · 0.6 mi away
Immanuel Lutheran School
School · 0.8 mi away
Immanuel Lutheran Church-CLC
Elementary · 0.8 mi away
Mankato West High School
Secondary · 0.9 mi away
Ive Seminary High School
Secondary · 1.0 mi away
Central High School
Secondary · 1.0 mi away
Kato Public Charter School
Secondary · 1.0 mi away
Roosevelt Elementary School
Elementary · 1.0 mi away
Schools-Mankato Area Public Schools-District No 77 Special Education
School · 1.1 mi away
Futures Program
School · 1.1 mi away
Franklin Elementary School
Elementary · 1.1 mi away
Risen Savior Lutheran School
School · 1.2 mi away
Bridges Community School
School · 1.2 mi away
Hoover Elementary School
Elementary · 1.3 mi away
5c's Preschool
School · 1.3 mi away
Jefferson Elementary
Elementary · 1.3 mi away
Commute Calculator
Nearby Homes
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Moving Cost Estimate
EXIT Agents in North Mankato
Listing Courtesy: REALTY EXECUTIVES ASSOCIATES