OFF MARKET

Off market sep 2020 for $225K

—

Est. refi paymentEst. refi $1,495/mo

•

—

sq ft

15 1st St SW, Faribault, MN 55021

About this home

Fully rented, green space, privacy fencing 4 off street parking spots. 2 1/2 car garage, new garage doors and lift. Newer softener, furnaces, hot water heaters,. Coin operated washer and dryer. Street assessment is paid in full. All three apartments have their own gas and electric meters, owner has meter for common area and garage. Owner pays water and sewer. Great location, behind the senior center and library. The property is back on the market due to the buyer losing his financial ability to perform.

Multi-familyProperty Type

1952Year Built

0.37 acresLot Size

2 car garageParking

Listed by Nancy Barr • Edina Realty, Inc.

Listed by Sarah Buhrandt

Redfin checked: a few seconds ago

•Source:NORTHSTARMLS as Distributed by MLS Grid #5348105

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 55021, MN

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

98.8%

+0.6% MoM

Median sale price

$282K

$21K MoM

Avg. days on market

30d

1 days MoM

Recently sold homes

5 MoM

New listings for sale

NEW 32 HRS AGO
$175,000
6 beds3 baths1,870 sq ft
510 6th St NW, Faribault, MN 55021
OPEN SAT, 9AM TO 10:30AM
$199,900
3 beds2 baths1,340 sq ft
838 3rd Ave SW, Faribault, MN 55021
NEW 1 DAY AGO
$775,000
4 beds4 baths4,440 sq ft
1821 Legacy Dr, Faribault, MN 55021
$239,000
3 beds2 baths1,096 sq ft
1103 6th St NW, Faribault, MN 55021
$325,000
3 beds2 baths2,024 sq ft
1810 Prairie Ave SW, Faribault, MN 55021
$419,900
3 beds2 baths1,956 sq ft
6200 French Lake Trl, Faribault, MN 55021
$235,000
3 beds1 bath1,040 sq ft
103 5th Ave SW, Faribault, MN 55021
$489,000
4 beds3 baths2,762 sq ft
1101 Faribault Rd, Faribault, MN 55021
$259,900
4 beds1 bath1,680 sq ft
1427 Central Ave N, Faribault, MN 55021
$395,000
3 beds3 baths2,492 sq ft
2007 14th St NE, Faribault, MN 55021
See all

Provided by Redfin

Sale history for 15 1st St SW

Date

Event

Price

NORTHSTARMLS as Distributed by MLS Grid #5348105

Sep 15, 2020

Sold

$225,000

Jul 16, 2020

Pending

—

May 5, 2020

Relisted

—

Apr 6, 2020

Pending

—

Mar 16, 2020

Contingent

—

Feb 10, 2020

Price Changed

$235,000

Dec 20, 2019

Listed

$249,000

Public Records

Dec 9, 2005

Sold

$200,000

NORTHSTARMLS as Distributed by MLS Grid #3049791

Sep 28, 2005

Listing Removed

—

Jun 15, 2005

Listed

$239,900

NORTHSTARMLS as Distributed by MLS Grid #2007811

May 30, 2002

Listing Removed

—

Jan 11, 2002

Listed

$169,900

Public Records

Sep 21, 2001

Sold

$80,000

Join or sign in to view all info

Year

Property tax

Land + Additions

Assessment*

2026

$4,542 (+5.9%)

$62,100 + $241,800

$303,900

2025

$4,290 (+10.3%)

$58,300 + $229,200

$287,500

2024

$3,888 (+2.9%)

$58,300 + $214,800

$273,100

2023

$3,780 (+10.3%)

$58,900 + $197,800

$256,700

2022

$3,428 (+32.7%)

$47,500 + $168,900

$216,400

2021

$2,584 (+5.5%)

$45,600 + $149,900

$195,500

2020

$2,450 (+7.3%)

$45,600 + $143,300

$188,900

2019

$2,284 (+8.9%)

$41,800 + $131,500

$173,300

2018

$2,098 (+0.3%)

$38,000 + $116,700

$154,700

2017

$2,092 (+3.2%)

$38,000 + $111,100

$149,100

2016

$2,028 (+7.8%)

$30,400 + $111,100

$141,500

2015

$1,882 (−5.1%)

$30,400 + $107,400

$137,800

2014

$1,984 (+7.1%)

$30,400 + $102,200

$132,600

2013

$1,852

$30,400 + $102,200

$132,600

Tax history for 15 1st St SW

Year

Property tax

Land + Additions

Assessment*

2026

$4,542 (+5.9%)

$62,100 + $241,800

$303,900

2025

$4,290 (+10.3%)

$58,300 + $229,200

$287,500

2024

$3,888 (+2.9%)

$58,300 + $214,800

$273,100

2023

$3,780 (+10.3%)

$58,900 + $197,800

$256,700

2022

$3,428 (+32.7%)

$47,500 + $168,900

$216,400

2021

$2,584 (+5.5%)

$45,600 + $149,900

$195,500

2020

$2,450 (+7.3%)

$45,600 + $143,300

$188,900

2019

$2,284 (+8.9%)

$41,800 + $131,500

$173,300

2018

$2,098 (+0.3%)

$38,000 + $116,700

$154,700

2017

$2,092 (+3.2%)

$38,000 + $111,100

$149,100

2016

$2,028 (+7.8%)

$30,400 + $111,100

$141,500

2015

$1,882 (−5.1%)

$30,400 + $107,400

$137,800

2014

$1,984 (+7.1%)

$30,400 + $102,200

$132,600

2013

$1,852

$30,400 + $102,200

$132,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

7 ft.

Lot depth

23 ft.

Lot size

0.37 Acres

Year renovated

1952

Sq. Ft.

2,860

Year built

1952

Style

Single Family Residential

County

Rice County

APN

1831426057

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 10, 2026.

R-3

Medium Density Residential District

The R-3, Medium Density Residential District, is established to provide for an environment of predominantly medium density apartments and congregate living arrangements, and single and two-family dwellings, along with directly related, complementary uses. It is intended that where an R-3, Medium Density Residential District directly abuts a zoning district of higher or lower density, a transition from existing uses to new uses be provided. Such transition may be accomplished by a continuation of similar uses to the extent possible given allowable uses within the district, landscape buffering as provided in Chapter 4, or both, as required by the City in conjunction with plat approval.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Housing-Senior
Fire house
Police station
Park & open space

Property details

Parking

Parking Information
Parking Features: Assigned, Detached, Asphalt, Shared Driveway, Garage Door Opener, Units Vary
Garage Spaces: 2
Garage Dimensions: 22x32
Garage Sq. Ft.: 704

Interior

Basement Information
Basement Features: Block, Full, Unfinished, Walkout

Heating & Cooling
Heating Information: Forced Air

Exterior

Building Information
Construction Materials: Aluminum Siding, Brick/Stone, Vinyl Siding
Foundation Area: 1,568
Roof: Age 8 Years or Less, Asphalt

Exterior Features
Fencing: Partial, Wood

Property Information
FractionalOwnershipYN: No
Owner Occupied: No
Property Type: Residential Income
Property Sub Type: Triplex
Above Grade Finished Area: 2,168
Below Grade Finished Area: 447
Range Num: Three

Lot Information
Lot Features: Tree Coverage - Medium
Lot Size Area: 0.37
Lot Size Units: Acres
Lot Size Dimensions: 66x2330x66x230
Road Frontage Type: City Street

Financial

Assessment Information
Other Annual Assessment Amount: $40

Tax Information
Tax Annual Amount: $2,244
Tax Year: 2019
Tax With Assessments: $2,284

Lease / Rent Details
Rental License Type: Standard
RentalLicense Y/N: Yes
Tenant Pays: Cable TV, Electricity, Fuel

Utilities

Utility Information
Water Source: City Water/Connected
Electric: Circuit Breakers
Sewer: City Sewer/Connected
Fuel: Natural Gas

Location

Multi-Family Financial Information
Owner Pays: Insurance, Grounds Care, Snow Removal, Taxes, Trash Collection, Water
Fuel Expense: $300
Water Sewer Expense: $780
Trash Expense: $308
Electric Expense: $300
Insurance Expense: $2,763.91
Other Expense: $2,000
Gross Income: $24,000

Multi-Unit Information
# of Units (Total): 3
Shared Rooms: Other

Unit Type 1 Information
Sq. Ft.: 900
# of Rooms Total: 4
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
# of Units: 1

Unit Type 2 Information
Sq. Ft.: 904
# of Rooms Total: 7
Room Spec: 3 BR on One Level
# of Bedrooms: 3
# of Bathrooms: 2
# of Full Bathrooms: 1
# of Half Bathrooms: 1
Appliances: Microwave, Range
# of Units: 1

Unit Type 3 Information
Sq. Ft.: 500
# of Rooms Total: 4
# of Bedrooms: 1
# of Bathrooms: 1
# of Full Bathrooms: 1
Appliances: Range
# of Units: 1

HOA Information
Association Amenities: Coin-op Laundry Owned

School Information
High School District: Faribault
School District Number: 656
School District Phone: 507-333-6016

Location Information
Directions: Division St E to 1st Ave SW, right one block, left at 1st St, one block to property.
Map Coordinate: 999-A1

Public facts

Beds: 5
Baths: 4.0
Sq. Ft.: 2,860
Stories: 1.0
Lot Size: 0.37 acres
Style: Single Family Residential
Year Built: 1952
Year Renovated: 1952
County: Rice County
APN: 1831426057

Home facts updated by county records on Aug 10, 2026

Other

Home Information
Living Area: 2615
Main Level Finished Area: 1664.0000
Building Area Total: 2764
Levels: One and One Half

Around this home

Schools

Roosevelt Elementary School

Public PreK-5 • Assigned • 1.1mi

7/10

Faribault Middle School

Public 6-8 • Assigned • 1.4mi

2/10

Faribault Senior High School

Public 9-12 • Assigned • 0.8mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 99° expected this year, 15 days in 30 years

2/10 Wind Factor

Minor risk of severe winds over next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Faribault, MN • 55021

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 10.2 hours in June and 3.7 hours in December, which is comparable to the U.S. average for solar exposure.

10.2 hrs

3.7 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Faribault. 3 minutes to get started.

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New listings for sale in 55021

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Home values near 15 1st St SW

Data from public records.

Address	Redfin Estimate
35 1st Street Southwest, Faribault, MN 4 Beds \| 3 Baths \| - Sq. Ft.	$278,353
16 1st Street Southeast, Faribault, MN 3 Beds \| 1.5 Baths \| 1428 Sq. Ft.	$211,459

Address	Redfin Estimate
118 1st Avenue Southwest, Faribault, MN 3 Beds \| 2 Baths \| - Sq. Ft.	$255,477
20 1st Street Southwest, Faribault, MN 2 Beds \| 2 Baths \| 1378 Sq. Ft.	$206,326

Address	Redfin Estimate
9 1st Street Southwest, Faribault, MN 6 Beds \| 5.5 Baths \| 3625 Sq. Ft.	—
127 1st Avenue Southwest, Faribault, MN 4 Beds \| 2 Baths \| - Sq. Ft.	$245,352

Property information provided by NORTHSTARMLS as Distributed by MLS Grid when last listed in 2019. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 55021, MN

Sale history for 15 1st St SW

Tax history for 15 1st St SW

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 55021

Home values near 15 1st St SW

More real estate resources