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$1,225,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 15,000 Sq. Ft.
  • 0.96 Acres
  • Updated 10 hours ago
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Village Green Apartments is a superior chance to acquire a value-add opportunity in southern Minnesota close to the Iowa border. The unit mix offers fourteen two-bedroom and ten one-bedroom all with one bathroom. The property consists of three 8-plexes and is situated on a 0.97-acre corner lot right across the street from Putnam Park with tennis courts and community swimming pool. Includes on-site coin laundry facilities in each building, newer water heaters, and plenty of off-street parking! This one has huge potential by organically raising rents to market while improving the operating expenses to quickly increase its value! Built in 1979-1980, this very well-maintained building features a mix of one and two-bedroom units all with one bathroom, providing a variety of options for potential renters. Additionally, the property includes a spacious parking lot with 34 separate parking spaces, ensuring that tenants have ample space to park their vehicles. The exterior of the property is well-maintained and features a classic brick facade with vinyl siding, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major highways and the downtown area, making it easy for tenants to enjoy all that Blue Earth has to offer. Investors looking for a value-add opportunity with strong cash flow potential will appreciate the low maintenance costs and high rental demand in the area. Don't miss out on this rare opportunity to own a property that is super clean and well maintained and also in a non-rent controlled city of Minnesota!

Full Property Details for 120 E 13th St

General

  • Price: $1,225,000
  • Taxes: $19,714 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7096552
  • Updated: 6/20/2026
  • Added to Site: 2 day(s) ago

Interior

  • Appliances: Range, Refrigerator
  • Flooring: Carpet, Tile, Vinyl

Parking

  • Parking Features: Paved Lot

Location

  • County: Faribault
  • Township: Blue Earth
  • Subdivision: Sunnyside Add
  • Driving Directions: south of town / across the street from the city splashed and tennis courts

School Information

  • School District: 2860 - Blue Earth Area Schools
  • High School District: Blue Earth Area Schools

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Baseboard, Boiler
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Common, Heating Separate, Hot Water Common

Structural Information

  • Exterior Const.: Block, Frame
  • Foundation Size: 7500
  • Roof: Age 8 Years or Less, Asphalt, Pitched
  • Ceiling Height: 8-10
  • Disability Access: None
  • Square Feet: 15,000
  • Finished Down/Base.: 15,000 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1979

Unit Information

  • Units w/Refrigerators: 1

Lot Features

  • Lot Size (Acres): 0.96
  • Lot Dimensions: Irregular
  • Frontage: City Street
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot, Irregular Lot, Light Tree Coverage

Financial Considerations

  • Operating Expenses: $78,228
  • Tax Amount: $19,714
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Fuel, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity, Heat
  • Pays Electric: Tenant Pays
  • Pays Heat: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: SECT-17 TWP-102 RANGE-027 SUNNYSIDE ADDITION .96 AC TR COM NE COR OUTLOT 1 WLY 187.5' SLY TO PT 150'N OF S LI ELY 187.5' NLY TO BEG & E93.75' OF S150' OF OUTLOT 1
  • Inclusions: Building, Business, Land, Leases, Rental License
  • Property ID: 215771320

Listed by Apartment Cash Flow, Inc.

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— 120 E 13th St —

  • Apartment Cash Flow, Inc.

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 120 E 13th St

School District:Blue Earth Area Public Schools
NameGradesDistance
Blue Earth Elementary School
315 East 6th Street, Blue Earth, MN 56013
PK-50.6 mi
Blue Earth Area Middle School
315 East 6th Street, Blue Earth, MN 56013
6-70.6 mi
Blue Earth Area Senior High School
1125 North Grove Street, Blue Earth, MN 56013
8-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 120 E 13th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/20/2026
Listed
$1,225,000
27.6%
MLS
11/30/2023
Sold
$960,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 120 E 13th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$18,392
22%
$844,900
7%
2023
$15,110
-8%
$788,600
30%
2022
$16,382
27%
$605,100
—
2022
$12,910
2%
$605,100
56%
2021
$12,606
-2%
$387,500
—
2020
$12,916
59%
$387,500
—
2019
$8,114
11%
$387,500
—
2018
$7,316
-5%
$387,500
—
2017
$7,702
10%
$387,500
—
2015
$6,984
—
$387,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Apartment Cash Flow, Inc.

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120 E 13th Street, Blue Earth, MN 56013 (MLS# 7096552) is a Commercial property. 120 E 13th Street is currently listed for $1,225,000 and was received on June 20, 2026. Want to learn more about 120 E 13th Street? Do you have questions about finding other Commercial real estate for sale in Blue Earth? You can browse all Blue Earth real estate or contact a Coldwell Banker agent to request more information.

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