new - 3 days on rocket

118 Chestnut St, Lake City, MN, 55041

$400,000

Home List Price

$4,750*

Closing Credit

4 Bedrooms
2 Full Baths
2,350 SqFt
$170/SqFt
House

Location

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118 Chestnut St, Lake City$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Gravel, Shared Driveway
Garage2 spaces
Year Built1860
HeatingSteam, Hot Water
CoolingWindow Unit(s)
BasementYes
MLS #6647770
StatusActive

About 118 Chestnut St

This is the perfect opportunity for anyone seeking a family home and/or rental property in Lake City, MN. Step into this 4 bedroom, 2 bathroom home located just a few blocks from Lake Pepin and Downtown Lake City. Situated on a corner lot with a spacious yard, 2 car detached garage with a drive through driveway and a wrap around covered porch. This 2,350 square foot home features beautiful woodwork throughout the house and ample natural lighting. The main floor has a large entryway, updated kitchen with generous cabinet space and a comfortable living room and dining area. 3 nice sized bedrooms are located on the second floor along with a bonus room-perfect for a home office, toy room or study with cabinetry and storage and a second full bath. The second floor also features a bright 3-season porch, perfect for Minnesota's Spring and Fall months. Walk up to an unfinished attic that has great potential for finishing.

Property Details

Property Features

Property Information:

  • Year Built: 1860
  • Living Area: 2,350 SqFt

Listing Office:

  • Office Name: Loam Commercial Real Estate

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Washer, Water Softener
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached, Gravel, Shared Driveway

Utilities

Utilities Information:

  • Heating: Steam, Hot Water
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Hwy 61 to Lake City, turn right on W Chestnut St. home is on the right at the end of the block on the corner of Chestnut & High St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000
  • Price Per SqFt: $170/SqFt
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Housing Market Comparison

See how this home compares to others in Lake City, MN.

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Lake City, MN

City

Med. Sold Price

$294.9K

Med. Price/SqFt

$173

Avg. Days On Market

36

# of Sold Homes

5

118 Chestnut St vs Lake City

3 DAYS ON ROCKET

-33 Days

$400,000

+$105.1K More

$170/SqFt

-$4 Less

KEY TAKEAWAY

This property is $105.1K more than the Median Sold Price and $4/SqFt less than other homes in Lake City, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6647770

Listing Office:

  • Office Name: Loam Commercial Real Estate

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Last updated on: 1/13/2025, 11:52:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2304482
6
/10

  • Bluff View Elementary School

  • 1156 W Lakewood Ave

  • 0.95 miles

  • Public District Grades PK-6

school-card-donut-2304483
7
/10

  • Pepin Elementary School

  • 510 Pine St

  • 5.93 miles

  • Public District Grades PK-6

school-card-donut-2304484
7
/10

  • Plum City Elementary School

  • 621 Main St

  • 13.22 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,875. Most Lake City, MN residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 118 Chestnut St

What is the listing price of this property?

The listing price of 118 Chestnut St property is $400,000.

What type of property is this?

The property 118 Chestnut St is a house located in Lake City, Minnesota, 55041.

Is this property for sale now?

Active Listing: 118 Chestnut St is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 118 Chestnut St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 118 Chestnut St is 2,350 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 118 Chestnut St is 1860.

Rocket Homes›Minnesota›Wabasha County›Lake City›55041›118 Chestnut St

This home is located at 118 Chestnut St in Lake City, MN and zip code 55041. This 2,350 square foot home was built in 1860. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $400,000.

Lake City, MN housing market in December 2024 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 2 sold below. The number of listings in Lake City, MN increased by 3% between November 2024 and December 2024. While the average time on the market in December 2024 was 36 days, the median list price was $294,900.

From Rocket Homes Real Estate and based on county public records data.

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