311 N Prairie St, Lake City, MN 55041

Welcome to this beautifully maintained and income-producing duplex in a convenient and charming location! With over 2,000 finished square feet on a spacious 9,000 sq ft lot, this versatile property offers flexible living and investment potential. Each unit is updated and move-in ready, with separate electric meters, shared gas and water/sewer service, and thoughtful upgrades throughout. The main level (Snowdrop Apartment) features 3 bedrooms, 1 full bath, in-unit laundry, and beautifully refinished hardwood floors. The upper level (Marigold Apartment) includes 2 bedrooms, 1 ¾ baths, new carpet, fresh paint, updated light fixtures, and more. Both units are fully furnished and currently used as successful short-term rentals, generating over $33,500 in gross revenue in the past year. Additional features include a new roof (2024), updated landscaping, closed off interior stairwell for privacy, and a cozy backyard firepit area—perfect for outdoor relaxation. Driveway has minor cosmetic needs, and three upper windows are due for replacement. This home can be sold furnished and rental-ready, or unfurnished for owner occupancy or long-term tenants. Rental books and furnishings can be transferred or cleared prior to closing, depending on buyer preference.