$79,500
 $427 est/mo Sourced by Back At You

617 W 3rd Street,Madison, MN 56256

Madison, MN 56256

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Description

Income property! This home could be used as your residence with either the upper or lower being rented out to another party. The upstair apartment is very nice with a rear entrance large kitchen, living, dining area, full bathroom, laundry room and 2 bedrooms! The main floor has 1 Bedroom and a newly remodeled bathroom. Living, Dining and Large kitchen, its own laundry room! The shingles and siding are just 2 years old! This could be a wonderful income property! With the added income of the additional rental option! There is a partial fence in the rear and yard. 2 Apartment building. Over/Under. Each has their own entrance. THE WAY IT SITS NOW IS MAIN FLOOR IS THE OWNER THE TOP RENTAL IS NOW VACANT, ON PURPOSE FOR THE SALE. THE OWNER TAKES CARE OF UTILITIES AND RENTS OUT THE UP APARTMENT FOR 800 MONTH. THE UTILITY EXPENSES ARE WATER, SEWER, ELECTRICITY, AND GARBAGE ARE ALL ON ONE BILL. THE GAS FOR HEATING IS SEPARATE, AND IS ESTIMATED. WILL PROVIDE MORE ACURATE INFORMATION IF YOU ARE AN INTERESTED PARTY.

Details

MLS #7084703
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site146
Listing Provided ByPeterson Team Realty | Dawn G Peterson

Features

Bed(s)1
Bath(s)1
SQ Feet713
BasementY
Story(s)2
Units2
ZoningResidential-Multi-Family
Acreage0.05

Interior

HeatingForced Air

Exterior

RoofAge 8 Years or Less, Asphalt
Construction MaterialsFrame

Taxes

Property372

Area Information

StateMN
CountyLac qui Parle
CityMadison
Zip Code56256
Community NameCity/Madison
School District2853
High SchoolLac Qui Parle Valley
Listing VS Median (in City/Madison)
Price:
$79,500
low | high
Med:
$124,750
6.918238993711% of Average
sqft:
713
low | high
Med:
1,507
61.290322580645% of Average
$ / sqft:
$112
low | high
Med:
$93
66.85534591195% of Average
On site:
146
low | high
Med:
137
100% of Average
Sourced by Back At You

Market Activity 56256

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of October 25, 2026 at 8:37:51 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Learn More About This Property

StateMN
CountyLac qui Parle
CityMadison
Zip Code56256
Community NameCity/Madison
School District2853
High SchoolLac Qui Parle Valley
Listing VS Median (in City/Madison)
Price:
$79,500
low | high
Med:
$124,750
6.918238993711% of Average
sqft:
713
low | high
Med:
1,507
61.290322580645% of Average
$ / sqft:
$112
low | high
Med:
$93
66.85534591195% of Average
On site:
146
low | high
Med:
137
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 5:28:15 AM PDT