506 W Wheeler Avenue, Mankato, MN 56003

New Listing
$250,000
Property Type: Residential Bedrooms: 3 Baths: 2 Square Footage: 2,144 Lot Size (sq. ft.): 3,049 Status: Active
Current Price: $250,000 List Date: 6/10/2026 Last Modified: 6/10/2026

Overview

Description

Charming and full of character! This North Mankato home offers 2 bedrooms and 1 bathroom on the main floor, showcasing beautiful original hardwood floors, timeless woodwork, and an abundance of natural light throughout. A cozy enclosed porch connects the home and garage, creating additional functional living space and a welcoming place to relax. The lower level features an additional bedroom, bathroom, living room, and efficiency kitchen setup, providing flexibility for extended family, guests, a home office, or rental income potential. The property currently maintains a 2-unrelated rental license, offering opportunities for both owner-occupants and investors. Major updates have already been completed, including a new roof, boiler, and water heater within the last three years, providing peace of mind for years to come. Conveniently located near schools, parks, shopping, and local amenities, this home blends classic character, practical updates, and versatile living options. Whether ...

Listing Details MLS# 7090209

General Property Information

Common Wall
No
Lot Measurement
Acres
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Number of Fireplaces
Yes
Other Parking Spaces
2
Waterfront Present
No
Year Built
1959
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Bath Three Quarters
Yes
Main Floor Total SqFt
988
Above Grd Total SqFt
1156
Below Grd Total SqFt
988
Total SqFt
2144
Total Finished Sqft
1976.00
FireplaceYN
Yes
Style
(SF) Single Family
Foundation Size
988
Garage Stalls
Yes
Lot Dimensions
68x50
Acres
0.07
Assessment Pending
Yes
# Carport Spaces
0
Bath Half
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Wall Unit(s) Amenities Unit: Ceiling Fan(s); Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Patio; Porch Appliances: Dishwasher; Dryer; Freezer; Microwave; Range; Refrigerator Assumable Loan: Not Assumable Basement: Concrete Block; Egress Windows; Kitchenette; Shared Access; Single Tenant Access; Storage Space Bath Description: Main Floor Full Bath; 3/4 Basement Construction Status: Previously Owned Dining Room Description: Eat In Kitchen Existing Financing: Conventional Exterior: Vinyl; Other Fireplace Characteristics: Wood Burning Foundation: Concrete Block Fuel: Natural Gas Heating: Baseboard Laundry: Lower Level Lock Box Type: Supra Rental License Type: Standard Sewer: City Sewer/Connected Stories: One Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
250000
ListPrice
250000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
506
Street Direction Prefix
W
Street Name
Wheeler
Street Suffix
Avenue
Postal City
Mankato
County
Nicollet
State
MN
Zip Code
56003
Complex/Dev/Subdivision
Hunts Second Add

Assessments

Assessment Installment
21
Tax With Assessments
2588
Assessment Balance
0

Building Information

Finished SqFt Above Ground
988
Finished SqFt Below Ground
988

More Information

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
RASM
Supra
Yes

Miscellaneous Information

Homestead
Yes

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
12x21
Garage Square Feet
252

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
Legal To Govern
Listing City
Mankato
Map Page
999
Municipality
North Mankato
School District
Mankato
School District Phone
507-387-1868
Zip Plus 4
3739
Property ID Number
185600220
Tax Year
2026
Tax Amount
2567
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Charming and full of character! This North Mankato home offers 2 bedrooms and 1 bathroom on the main floor, showcasing beautiful original hardwood floors, timeless woodwork, and an abundance of natural light throughout. A cozy enclosed porch connects the home and garage, creating additional functional living space and a welcoming place to relax. The lower level features an additional bedroom, bathroom, living room, and efficiency kitchen setup, providing flexibility for extended family, guests, a home office, or rental income potential. The property currently maintains a 2-unrelated rental license, offering opportunities for both owner-occupants and investors. Major updates have already been completed, including a new roof, boiler, and water heater within the last three years, providing peace of mind for years to come. Conveniently located near schools, parks, shopping, and local amenities, this home blends classic character, practical updates, and versatile living options. Whether you’re looking for a place to call home or a property with income-producing potential, this one is worth a look
Directions
Use Maps

Accessible

None
Yes

Air Conditioning

Wall Unit(s)
Yes

Amenities Unit

Ceiling Fan(s)
Yes
Hardwood Floors
Yes
Kitchen Window
Yes
Main Floor Primary Bedroom
Yes
Natural Woodwork
Yes
Patio
Yes
Porch
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Freezer
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Assumable Loan

Not Assumable
Yes

Basement

Concrete Block
Yes
Egress Windows
Yes
Kitchenette
Yes
Shared Access
Yes
Single Tenant Access
Yes
Storage Space
Yes

Bath Description

Main Floor Full Bath
Yes
3/4 Basement
Yes

Construction Status

Previously Owned
Yes

Dining Room Description

Eat In Kitchen
Yes

Existing Financing

Conventional
Yes

Exterior

Vinyl
Yes
Other
Yes

Fireplace Characteristics

Wood Burning
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Baseboard
Yes

Insurance Fee

Insurance Fee
0

Laundry

Lower Level
Yes

Rental License Type

Standard
Yes

Sewer

City Sewer/Connected
Yes

Stories

One
Yes

Water

City Water/Connected
Yes
IDX
Listing Office: Realty Executives Associates
Last Updated: June - 10 - 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.