Why rent when you can own? This affordable home offers the perfect opportunity to start building equity instead of paying rent. Or looking for a prime business location? Offered for sale for the first time ever, this home has been lovingly cared for by the same family for generations. The current owner has already invested in the major updates, giving you peace of mind for years to come. Improvements include maintenance-free siding, a newer roof, Renewal by Andersen® windows, newer flooring, new furnace, new central air, newer appliances, and more! Just needs your cosmetic touches! Enjoy a bright living room filled with natural light, a formal dining room, and a spacious kitchen. The home was originally designed with main-floor laundry, making it easy to relocate the washer and dryer if desired. Upstairs, the story-and-a-half layout features a comfortable primary bedroom plus a second walk-through bedroom—ideal for a nursery, home office, walk-in closet, or guest space. The basement offers laundry, abundant storage, and a stand-alone shower. Outside, you'll find two storage sheds, providing plenty of space for lawn equipment, tools, and seasonal storage. Small in size but big on value, this well-maintained home combines generations of pride in ownership with thoughtful updates, making it an excellent opportunity for first-time buyers or anyone looking for an affordable place to call home. Long driveway for off-street parking. In close proximity to downtown Mankato.
Single-familyProperty Type
1896Year Built
2,614 sq ftLot Size
$132Price/Sq.Ft.
Listed by Kelly J Miller• REALTY EXECUTIVES ASSOCIATES
Riverfront Park, located between Downtown Mankato and the Minnesota River, is a parkland and trail-linked Mankato neighborhood with broad river views and a steady calendar of outdoor events. The neighborhood’s character concentrates at the Riverfront Park amphitheater lawn, where festival stages, food trucks, and picnic blankets set the tone. The Red Jacket Trail and the Minnesota River Trail shape daily routines with long, flat miles for walking and biking. Nearby, Carnegie Art Center adds gallery energy, and the Blue Bricks anchors the local music circuit. Architecture shifts from civic park structures to older downtown blocks at the edges. Seasonal river levels and cottonwood shade keep the landscape in motion.
Provided by Walk Score and Local Logic
Market insights
118 E Spring St · $139,900
DAYS ON MARKET
76 days
The average home goes pending in 21 days.
SALE-TO-LIST
97.9%
Most homes are selling 2% below list price.
LIST PRICE
$139,900
Median sale price in this area is $335,634. (140% higher than this home)
PRICE DROP
1 price drop
30% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bedroom
Living
Dining
Interior features
Dryer
Freezer
Microwave
Cooktop
Range
Refrigerator
Washer
Gas water heater
Water softener
Hardwood flooring
Unfinished full basement
Bathrooms
1 full bathroom
Kitchen
Cooktop
Range
Microwave
Refrigerator
Freezer
Dishwasher
Laundry & utility
Washer
Dryer
Water softener
Gas water heater
Flooring
Hardwood
Heating & cooling
Central air
Ceiling fan(s)
Natural gas heating
Forced air heating
Exterior features
Asphalt roof
Shed(s)
Public maintained road
Home design
Residential property
Single Family Residence
Parking
Concrete parking
Security
Smoke detector(s)
Construction
Metal siding
Utilities
Public water
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home
Tear off existing roofing material to the roof decking and install a new EPDM rubber membrane.
Roofing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
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
2/10 Air Factor
1 unhealthy days expected this year, 1 days in 30 years
Provided by First Street
Historical weather
Mankato, MN • 56001
Average low and high temperatures (°F)
24
7
32
14
51
29
59
38
72
49
80
61
84
66
79
61
77
56
66
45
45
31
31
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
67/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
8.4 hrs
3.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 118 E Spring St
$141,918
$2,018 over list price of $140K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $166K to $199K.