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$360,000 Coming Soon

  • For Sale
  • Coming Soon
  • Single Family
  • 3 Beds
  • 1 Partial Bath
  • 1,147 Sq. Ft.
  • 1 Car Garage
  • Updated 3 days ago
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Discover this charming cottage retreat just one block from Lake Pepin, Ohuta Beach and Lake City Marina - PRIME LOCATION & INVESTMENT OPPORTUNITY! Whether you're searching for a peaceful full-time residence, a cozy weekend escape, or a high-performing vacation rental property, this home offers the ultimate blend of lifestyle, location, and opportunity. Located in one of Lake City's most sought-after neighborhoods, this beautifully maintained cottage-style home puts you just moments from lake breezes, the scenic riverwalk, quaint shops and restaurants, and all the city's top attractions-including festivals, boating, and lakeside fun. Inside you'll find cozy living spaces filled with natural light and thoughtful updates. Enjoy peaceful mornings with coffee, chirping birds, and lake views from inside the enclosed front porch. Enter outside into a beautifully designed backyard oasis, perfect for both relaxing and entertaining. Gather around the built-in fire pit for enchanting evenings under the stars, or enjoy the flexible outdoor den-ideal for lounging, games, or watching the big game in the fresh air. The spacious deck provides a perfect setting for weekend barbecues and outdoor dining. Don't miss your chance to own a slice of Lake City's most picturesque and vibrant lakeside living!

Full Property Details for 311 N Franklin St

General

  • Price: $360,000
  • Taxes: $2,206 (2025)
  • Status: Coming Soon
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7079417
  • Updated: 5/22/2026
  • Added to Site: 4 day(s) ago
  • Expected Market Date: 6/1/2026

Interior

  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Circulating, Gas, Living Room
  • Appliances: Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer

Rooms

Bathrooms

  • Total Bathrooms: 1
  • 3/4 Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Eat-in kitchen: Yes
  • Dining Room: Eat-In Kitchen, Kitchen/Dining Room
  • Formal Dining Room: Eat In Kitchen, Kitchen/Dining Room
  • Laundry: In Basement, In Basement

Additional Information

  • Amenities: Ceiling Fan(s), Deck, Kitchen Window, Main Floor Primary Bedroom, Porch

Exterior

  • Porch/Patio/Deck: Composite Decking, Covered, Deck, Enclosed, Front Porc

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Detached Garage, Gravel

Location

  • County: Wabasha
  • Township: Lake City
  • Subdivision: Lake City
  • Driving Directions: 61 to Chestnut, north to Franklin, left to home on left.

School Information

  • School District: 813 - Lake City
  • High School District: Lake City

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air, Fireplace(s)
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Partial
  • Foundation Size: 1147
  • Roof: Asphalt, Flat, Pitched
  • Disability Access: None
  • Square Feet: 1,147
  • Above Ground: 1,209 Sq. Ft.
  • Below Ground: 451 Sq. Ft.
  • Finished Down/Base.: 1,660 Sq. Ft.
  • Year Built: 1890

Additional Structures

  • Other Structures: Other, Storage Shed

Lot Features

  • Lot Size (Acres): 0.114
  • Lot Dimensions: 60 x 82 x 60 x 82
  • Frontage: City Street, Paved Streets, Sidewalks
  • Zoning: Residential-Single Family
  • Lot Description: Light Tree Coverage

Water Features

  • Water Front Desc.: Lake View, River View
  • Lake Front: Yes

Financial Considerations

  • Tax Amount: $2,206
  • Tax Year: 2025
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: SECT-04 TWP-111 RANGE-012 LAKE CITY LOT-003 BLOCK-007
  • Property ID: R220022300

Listed by Lakes Sotheby's International Realty

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Listing agents

— 311 N Franklin St —

  • Lakes Sotheby's International Realty

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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

Schools serving 311 N Franklin St

School District:Lake City Public School District
NameGradesDistance
Bluff View Elementary School
1156 West Lakewood Avenue, Lake City, MN 55041
PK-61.1 mi
Lincoln Secondary, Lake City, MN
300 South Garden Street, Lake City, MN 55041
7-120.5 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 311 N Franklin St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/22/2026
Listed
$360,000
77.34%
MLS
7/15/2022
Sold
$203,000
—
Public Record
Get Price Alerts and Save Property
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 311 N Franklin St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,206
13%
$175,600
5%
2023
$1,950
—
$166,500
16%
2023
$1,950
58%
$143,700
22%
2021
$1,234
-27%
$117,400
-19%
2023
$1,692
37%
$144,700
40%
2021
$1,234
17%
$103,400
12%
2020
$1,054
-1%
$92,600
1%
2019
$1,068
-22%
$92,000
7%
2017
$1,374
-2%
$85,800
100%
2015
$1,398
—
—
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 Lakes Sotheby's International Realty

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311 N Franklin Street, Lake City, MN 55041 (MLS# 7079417) is a Single Family property with 3 bedrooms, 0 full bathrooms and 1 partial bathroom. 311 N Franklin Street is currently listed for $360,000 and was received on May 22, 2026. Want to learn more about 311 N Franklin Street? Do you have questions about finding other Single Family real estate for sale in Lake City? You can browse all Lake City real estate or contact a Coldwell Banker agent to request more information.

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