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311 N Franklin Street, Lake City, MN 55041

$360,000

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https://my.matterport.com/show/?m=9s6ChftB1bi&mls=1

Property Type: Residential Bedrooms: 3 Baths: 1 Square Footage: 1,660 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $360,000 List Date: 6/01/2026 Last Modified: 6/01/2026

Overview

Description

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 eve ... (Read more)

Listing Details MLS# 7079417

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Number of Fireplaces: Yes
Road Btwn WF & Home?: Yes
Year Built: 1890
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Three Quarters: Yes
Main Floor Total SqFt: 1209
Above Grd Total SqFt: 1209
Below Grd Total SqFt: 451
Total SqFt: 1660
Total Finished Sqft: 1147.00
FireplaceYN: Yes
Lake/Waterfront Name: Pepin
Style: (SF) Single Family
Foundation Size: 1147
Garage Stalls: Yes
Lot Dimensions: 60x82x60x82
Acres: 0.11
Assessment Pending: No
Bath Half: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Unit: Ceiling Fan(s); Deck; Kitchen Window; Main Floor Primary Bedroom; Porch Appliances: Disposal; Dryer; Freezer; Microwave; Range; Refrigerator; Washer Basement: Partial Bath Description: Main Floor 3/4 Bath; Walk-In Shower Stall Construction Status: Previously Owned Dining Room Description: Eat In Kitchen; Kitchen/Dining Room Electric: 100 Amp Service; Circuit Breakers Exterior: Vinyl Fireplace Characteristics: Gas Burning; Living Room Foundation: Other Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Lot Description: Tree Coverage - Light Outbuildings: Other Pool Description: None Road Frontage: City Street; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Roof: Asphalt Shingles; Flat; Pitched Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Special Search: 3 BR on One Level; All Living Facilities on One Level; Main Floor Bedroom; Main Floor Primary Stories: One Water: City Water/Connected Waterfront View: Lake; River

Contract Information

Contingency: None
Original List Price: 360000
ListPrice: 360000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 311
Street Direction Prefix: N
Street Name: Franklin
Street Suffix: Street
Postal City: Lake City
County: Wabasha
State: MN
Zip Code: 55041
Complex/Dev/Subdivision: Lake City

Assessments

Tax With Assessments: 2206
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1147

More Information

Lake Details

Lake Acres: 25215
Lake Depth: 60

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 248

Public Survey Info

Range#: 12
Section#: 4
Township#: 111

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: SECT-04 TWP-111 RANGE-012 LAKE CITY LOT-003 BLOCK-007
Listing City: Lake City
Map Page: 999
Municipality: Lake City
School District: Lake City
School District Phone: 651-345-2198
DNR Lake ID#: 25000100
DNR Lake Classification: General Development
Zip Plus 4: 2633
Property ID Number: R220022300
Tax Year: 2025
Tax Amount: 2206
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: 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!
Directions: 61 to Chestnut, north to Franklin, left to home on left.

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Ceiling Fan(s): Yes
Deck: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Porch: Yes

Appliances

Disposal: Yes
Dryer: Yes
Freezer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Basement

Partial: Yes

Bath Description

Main Floor 3/4 Bath: Yes
Walk-In Shower Stall: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Eat In Kitchen: Yes
Kitchen/Dining Room: Yes

Electric

100 Amp Service: Yes
Circuit Breakers: Yes

Exterior

Vinyl: Yes

Fireplace Characteristics

Gas Burning: Yes
Living Room: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

In Basement: Yes

Lot Description

Tree Coverage - Light: Yes

Outbuildings

Other: Yes

Patio, Porch and Deck Features

Composite Decking: Yes
Covered: Yes
Deck: Yes
Enclosed: Yes
Front Porch: Yes
Porch: Yes
Rear Porch: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Asphalt Shingles: Yes
Flat: Yes
Pitched: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Special Search

3 BR on One Level: Yes
All Living Facilities on One Level: Yes
Main Floor Bedroom: Yes
Main Floor Primary: Yes

Stories

One: Yes

Water

City Water/Connected: Yes

Waterfront View

Lake: Yes
River: Yes

Room Information

Room Name	Dimensions	Level
Three Season Porch	20x06	Main
Dining Room	12x07	Main
First (1st) Bedroom	12x12	Main
Kitchen	12x10	Main
Porch	16x12	Main
Second (2nd) Bedroom	11x10	Main
Third (3rd) Bedroom	11x09	Main

Listing Office: Lakes Sotheby's International Realty

Last Updated: June - 01 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.