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$250,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 2 Beds
  • 2 Full Baths
  • 1,127 Sq. Ft.
  • 1 Car Garage
  • Updated 12 hours ago
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Charming and character-filled home in the heart of Lake City, blending historic charm with thoughtful modern updates. Originally built in 1889, this home showcases beautiful original hardwood floors that add warmth and timeless appeal throughout the main level, while the upper level features comfortable carpeting. Recent improvements include the many updates to the kitchen and full bathroom on the main level in 2022, offering enhanced functionality and convenience. The kitchen features laminate countertops, tile backsplash, stainless steel appliances and ample workspace, making it both practical and inviting for everyday living. Step outside to enjoy the fully fenced backyard with a privacy fence-perfect for relaxing, entertaining, or letting pets play. A park located directly behind the home provides easy access to green space, and Lake Pepin is just a few blocks away, offering year-round recreation and scenic views. This home also features unique character details, including a beautiful stained glass window, gorgeous woodwork, wood floors and a distinctive metal floor grate feature that sets it apart. A convenient location near local amenities, this property offers a great opportunity to own a piece of Lake City's history with modern updates already in place.

Full Property Details for 506 N 7th St

General

  • Price: $250,000
  • Taxes: $1,860 (2025)
  • Status: Active
  • Type: Single Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7051250
  • Updated: 4/11/2026
  • Added to Site: 2 day(s) ago

Interior

  • Appliances: Dryer, Gas Water Heater, Range, Refrigerator, Washer, Water Softener Owned

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 2

Other Rooms

  • Dining Room: Informal Dining Room
  • Formal Dining Room: Informal Dining Room
  • Laundry: In Basement, In Basement

Exterior

  • Porch/Patio/Deck: Front Porch, Patio, Rear Porch

Parking

  • Garage: Yes
  • Garage Description: 24 x 17
  • Garage Spaces: 1
  • Parking Features: Detached Garage, Garage Door Opener

Location

  • County: Wabasha
  • Township: Lake City
  • Subdivision: Lake City
  • Driving Directions: Hwy 61 to Monroe to North 7th street

School Information

  • School District: 2281 - Lake City
  • High School District: Lake City

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Basement: Yes
  • Basement Desc.: Full
  • Foundation Size: 802
  • Disability Access: None
  • Square Feet: 1,127
  • Above Ground: 1,127 Sq. Ft.
  • Below Ground: 802 Sq. Ft.
  • Finished Down/Base.: 1,929 Sq. Ft.
  • Year Built: 1890

Lot Features

  • Lot Size (Acres): 0.163
  • Lot Dimensions: 50 x 142
  • Zoning: Residential-Single Family
  • Fencing (Description): Full, Privacy, Vinyl

Financial Considerations

  • Tax Amount: $1,860
  • Tax Year: 2025
  • Terms: Conventional, VA, FHA, Cash, Other

Disclosures and Reports

  • Legal Description: SECT-05 TWP-111 RANGE-012 LAKE CITY LOT-010 BLOCK-148
  • Property ID: R220109000

Listed by Pemberton RE

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— 506 N 7th St —

  • Pemberton RE

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NMLS#: 1598647

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Schools serving 506 N 7th St

School District:Lake City Public School District
NameGradesDistance
Bluff View Elementary School
1156 West Lakewood Avenue, Lake City, MN 55041
PK-60.8 mi
Lincoln Secondary, Lake City, MN
300 South Garden Street, Lake City, MN 55041
7-120.6 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 506 N 7th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/11/2026
Listed
$250,000
25.63%
MLS
7/08/2022
Sold
$199,000
—
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 506 N 7th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,860
-1%
$176,300
5%
2023
$1,874
—
$167,600
21%
2023
$1,874
50%
$138,100
29%
2021
$1,250
-23%
$106,700
-24%
2023
$1,622
30%
$139,900
34%
2021
$1,250
36%
$104,400
23%
2020
$918
-1%
$84,600
1%
2019
$930
12%
$84,100
7%
2017
$833
—
$78,300
100%
2015
$835
—
—
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 Pemberton RE

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506 N 7th Street, Lake City, MN 55041 (MLS# 7051250) is a Single Family property with 2 bedrooms and 2 full bathrooms. 506 N 7th Street is currently listed for $250,000 and was received on April 10, 2026. Want to learn more about 506 N 7th 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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