920 Sq. Ft.
$201 / Sq. Ft.
920
Sq. Ft.
$201
per Sq. Ft.

Description

Welcome to Madison Lake! Discover this charming 2-bedroom, 1 1/4-bath home situated on a generous 50' x 142' lot, featuring an impressive oversized 4+ stall garage. The expansive garage offers exceptional versatility—perfect for storage, large gatherings, indoor parking, or hobby, workshop and project space. Creators and DIY enthusiasts will appreciate the thoughtful upgrades, including:
3-wired outlets for welding, mounted heater, cement floor for easy clean up, stereo and speakers are included,
...Welcome to Madison Lake! Discover this charming 2-bedroom, 1 1/4-bath home situated on a generous 50' x 142' lot, featuring an impressive oversized 4+ stall garage. The expansive garage offers exceptional versatility—perfect for storage, large gatherings, indoor parking, or hobby, workshop and project space. Creators and DIY enthusiasts will appreciate the thoughtful upgrades, including:
3-wired outlets for welding, mounted heater, cement floor for easy clean up, stereo and speakers are included, 8’ insulated garage door. Ideal for ATVs, lawn equipment, or workshop space. This property provides the space, functionality, and features to fit a variety of lifestyles. Items that stay with the home are Refrigerator, Range/Oven, Microwave, Washer, Dryer, 2-AC Window Units (Livingroom and Upstairs) Schedule your showing today.
  1. Listed by Home Run Realty

Property Details for 505 7th Street

Subdivision Name
Madison Lake
Zoning Jurisdiction
Residential-Single Family
LISTING UPDATED: 05/08/2026 12:46 PM

Property Details for 505 7th Street

StatusActive
MLS #7006052
Days on Compass14
Taxes$1,590 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeSingle Family
MLS TypeResidential / Single Family
Year Built1890
Lot Size0.16 AC / 7,100 SF
CountyBlue Earth County

Location

Listing Courtesy of Home Run Realty
Add your commute

Building Information for 505 7th Street

Stories-Year Built1890Building Size-Lot Size0.16 AC / 7,100 SF

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$1,054 per month

30 year fixed, 6.36% Interest

Principal and Interest

$921

Property Taxes

$133

HOA Dues

$0

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Property Information for 505 7th Street

Summary
Location and General Information
  • City Name: Madison Lake
  • County Or Parish: Blue Earth
  • County: Blue Earth-MN
  • Directions: HWY 60, NORTH ON 7TH ST., MIDDLE OF BLOCK, HOME IS ON THE RIGHT
  • Latitude: 44.204127
  • Longitude: -93.816564
  • Map Coordinate: 999-A1
  • City and Location: Madison Lake
  • City and Location Text: Madison Lake(MN)
  • Postal Code: 56063
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Association Fee: $.00
  • Association: No
  • Parcel Number: R140534261002
  • Tax Annual Amount: $1,590.00
  • Tax Legal Description: MADISON LAKE TOWNSITE 017 019 00
  • Tax Other Annual Assessment Amount: $20.00
  • Tax Year: 2025
  • Tax With Assessments: 1610
School Information
  • High School District: 77 - Mankato
  • School District Number: 77
  • School District Phone: 5073871868
Property
Lot Information
  • Above Grade Fin SQFT: 920.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 920.0
  • Living Area Units: Square Feet
  • Lot Size Area: 0.163
  • Lot Size Dimensions: 50 x 142
  • Lot Size Units: Acres
  • Other Structures: Storage Shed
  • Present Use: Yearly
  • Property Attached: No
  • Property Sub Type: Single Family
  • Property Type: Residential
  • SQFT Main Total: 552
  • Building Area Total: 1082.0
  • Above Grade SqFt Total: 882
  • Below Grade SqFt Total: 200
Utilities
  • Electric: Circuit Breakers, 200+ Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Exterior Features: Vinyl
  • Foundation Area: 320.0
  • Foundation Details: Stone
  • Fuel: Natural Gas
  • Road Frontage Type: City Street
  • Roof: Asphalt
  • Patio Porch Type: Patio
Interior Features
  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Basement Type: Partial
  • Amenities Unit: Ceiling Fan(s),Patio,Washer/Dryer Hookup
  • Bath Desc: Basement,Upper Level Full Bath
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms One Quarter: 1
  • Bathrooms Three Quarter: 0
  • Bathrooms Total Count: 2
  • Bedrooms Total: 2
  • Fireplaces Total: 0
  • FireplaceYN: No
  • Cooling: Window Unit(s)
  • DP Resource: Yes
  • Garage Dimensions: 28 x 28
  • Garage Door Height: 8
  • Garage Square Feet: 784
  • Heating: Forced Air
  • Levels: One and One Half
  • Basement YN: Yes

Property History for 505 7th Street

DateEvent & SourcePriceAppreciation
May 4, 2026

Price Change

NorthStar #7006052

$184,900
Apr 15, 2026

Price Change

NorthStar #7006052

$194,900
Mar 18, 2026

Price Change

NorthStar #7006052

$199,900
DateEvent & SourcePrice
05/04/2026

Price Change

NorthStar #7006052

$184,900
04/15/2026

Price Change

NorthStar #7006052

$194,900
03/18/2026

Price Change

NorthStar #7006052

$199,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 505 7th Street

Taxable ValueLand$14,900Additions$154,700Total$169,600
Tax Record2026$2,220 ($185 / month)
Home Facts
Beds2Baths1Total Finished SqFt882 SqFtAbove Grade Finished SqFt882 SqFtStories2Lot Size7,100 SqFtStyleSingle Family ResidenceYear Built1890CountyBLUE EARTHAPNR14.05.34.261.002

Schools near 505 7th Street

This home is within Mankato Public School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Eagle Lake Elementary School
PublicK to 5

Prairie Winds Middle School
Public6 to 8

Mankato East Senior High School
Public9 to 12

Central Middle School Alp
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

505 7th Street is a single family home for sale in Madison Lake, MN 56063. This property was listed for sale on January 7, 2026 by Home Run Realty, it's currently listed at $184,900. It has been on the market for a total of 14 days and was last sold on April 12, 2013. This listing's school district is Mankato Public School District. Nearby schools include Eagle Lake Elementary School, Prairie Winds Middle School and Mankato East Senior High School. 505 7th Street is a 2-bed, 2-bath, 920 sqft single family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Home Run Realty

Based on information submitted to the MLS GRID as of 05/08/2026 12:46 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.