123 N 4th Street, Mankato, MN 56001
Blue Earth County
Key Facts
Description
28-unit apartment building investment opportunity! This property features 19 one-bedroom units, 3 two-bedroom units, and 6 studio apartments. Recent improvements include new windows, updated flooring, fresh paint, new doors, tiled hallways, on site laundry area, and select units with upgraded kitchen cabinetry and countertops. While many updates have been completed, the property still offers additional renovation opportunities for a new owner to further enhance value and increase rents. With the ability to update remaining units and place your own tenants, this is an ideal opportunity for investors looking to customize management and maximize returns. Located within walking distance to downtown amenities and public transit.
Property Information
Property Type
Commercial Sale
Year Built
1926
Days on Market
81
MLS® Listing#
7039895
Property Features
Heating
Construction
Sewer
Water Source
Schools
- District:
- Mankato #77
Financial Details
Annual Taxes
$24,063
Tax year 2026
Parcel Number
R01.09.18.203.004
Directions
Madison Ave to Fourth Street. Apartment complex on left
Affordability Calculator
$420,000
Estimated monthly payment
$11,177/mo
Principal $1,680,000 · Est. interest $2,343,749 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Mankato, MN
- $387,766
- Median Listing Price
- 76
- Median Days on Market
- 2,114
- Median Sq Ft
- $175
- Median Price / Sq Ft
- 429
- Active Listings
- This home’s price is 442% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Mankato, MN.
Location
- 123 N 4th Street, Mankato, MN 56001
Getting Around
Points of Interest in Mankato, MN
Showing the Mankato area map.
Nearby Schools
Ive Seminary High School
Secondary · 0.1 mi away
Kato Public Charter School
Secondary · 0.1 mi away
Immanuel Lutheran School
School · 0.3 mi away
Immanuel Lutheran Church-CLC
Elementary · 0.3 mi away
Prairie Winds Middle School
School · 0.3 mi away
Mankato Area Public Schools
Secondary · 0.3 mi away
Franklin Elementary School
Elementary · 0.7 mi away
Garfield Elementary School
Elementary · 0.8 mi away
Central High School
Secondary · 0.8 mi away
RSL Elementary School
Elementary · 0.9 mi away
Monroe Elementary School
Elementary · 0.9 mi away
Washington Elementary
Elementary · 0.9 mi away
Jefferson Elementary
Elementary · 1.0 mi away
Mankato West High School
Secondary · 1.1 mi away
Roosevelt Elementary School
Elementary · 1.3 mi away
Bridges Community School
School · 1.5 mi away
Risen Savior Lutheran School
School · 1.5 mi away
Grace Baptist Church
School · 1.5 mi away
Loyola Catholic School
School · 1.6 mi away
God's Little Angels
School · 1.8 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 21xxx 594th Avenue, Mankato, MN | $1,475,000 | — | — | — |
| 21xxx 594th Avenue, Mankato, MN | $1,475,000 | — | — | — |
| 1 Market Way, Mankato, MN | $1,500,000 | — | — | — |
| 1 Market Way, Mankato, MN | $1,500,000 | — | — | — |
| 1 Market Way, Mankato, MN | $1,500,000 | — | — | — |
| 52621 Valley View Circle, North Mankato, MN | $1,500,000 | 2 | — | 1,120 |
Moving Cost Estimate
EXIT Agents in Mankato
Listing Courtesy: Keller Williams Premier Realty