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720 N 2nd Street, Mankato, MN 56001

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For Sale

$199,900

3 beds • 2 baths • 1,918 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

  • $104.22
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Updated duplex in a convenient downtown Mankato location! The main floor unit offers 1BR/1BA with a porch/office space and newer flooring, leased at $875/month through next summer. The upper unit features 2BR/1BA with an eat-in kitchen and fresh updates, previously rented at $975/month and currently vacant perfect for a new tenant or owner-occupant. Each unit has private in-unit laundry, plus a 16 x26 garage with a brand-new roof (2025). Licensed for up to 5 unrelated occupants per unit, this property is a prime income opportunity with strong rental history and downtown convenience.
MLS# 7038353

Courtesy Of American Way Realty

(507) 345-4040

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Cooktop, Dryer, Range, Refrigerator
  • Architecture Style
    Other
  • Heating System
    Forced Air
  • Lot Size
    0.12 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement

Map and Directions

Directions to 720 N 2nd Street, Mankato, MN 56001

Home seller CENTURY 21 Atwood

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Atwood

(507) 387-3131
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $0

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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. Information being provided is 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% 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. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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