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Property Description for 311 N Franklin Street Lake City MN 55041 - MLS# 7079417
Discover this charming cottage retreat just one block from Lake Pepin, Ohuta Beach and Lake City Marina – PRIME LOCATION & INVESTMENT OPPORTUNITY!
Whether you're searching for a peaceful full-time residence, a cozy weekend escape, or a high-performing vacation rental property, this home offers the ultimate blend of lifestyle, location, and opportunity.
Located in one of Lake City’s most sought-after neighborhoods, this beautifully maintained cottage-style home puts you just moments from lake breezes, the scenic riverwalk, quaint shops and restaurants, and all the city’s top attractions—including festivals, boating, and lakeside fun.
Inside you'll find cozy living spaces filled with natural light and thoughtful updates. Enjoy peaceful mornings with coffee, chirping birds, and lake views from inside the enclosed front porch. Enter outside into a beautifully designed backyard oasis, perfect for both relaxing and entertaining. Gather around the built-in fire pit for enchanting evenings under the stars, or enjoy the flexible outdoor den—ideal for lounging, games, or watching the big game in the fresh air. The spacious deck provides a perfect setting for weekend barbecues and outdoor dining.
Don’t miss your chance to own a slice of Lake City’s most picturesque and vibrant lakeside living!
General Info
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General Property Information for 311 N Franklin Street Lake City MN 55041 - MLS# 7079417
Bedrooms and Bathrooms
Total Bedrooms:
3
Main Floor Bedroom:
Yes
3 BR on One Level:
Yes
Total Bathrooms:
1
Full Baths:
0
3/4 Baths:
1
1/2 Baths:
0
1/4 Baths:
0
Bath Description:
Main Floor 3/4 Bath, Walk-In Shower Stall
Size and Home
Year Built:
1890
Type of Property:
Single Family Home
Style:
Single Family
Stories/Levels:
1 Story
Total SqFt:
1,660
Total Fnsh'd SqFt:
1,147
Above Ground SqFt:
1,209
Finished Above Grade:
1,147
Below Ground SqFt:
451
Finished Below Grade:
0
Garage Stalls:
1
Garage SqFt:
248
Main Floor SqFt:
1,209
Approx Lot Dimensions:
60 x 82 x 60 x 82
Approx Number of Acres:
0.114
Property Features
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Property Features for 311 N Franklin Street Lake City MN 55041 - MLS# 7079417
Air Conditioning:
Central
Amenities - Interior:
Ceiling Fan(s), Deck, Kitchen Window, Main Floor Master Bedroom, Porch, All Living Facilities on One Level, Main Floor Primary
Appliances:
Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
Basement Style:
Partial
Construction Type:
Previously Owned
Dining:
Eat In Kitchen, Kitchen/Dining Room
Fireplace:
Yes
# Fire Places:
1
Fireplace Type:
Circulating, Gas, Living Room
Fuel:
Natural Gas
Garage Type:
Detached Garage
Heat:
Forced Air, Fireplace(s)
Parking Features:
Gravel
Roof:
Asphalt, Flat, Pitched
Waterfront:
No
Sewer:
City Sewer/Connected
Water:
City Water/Connected
Room Info
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Room Information for 311 N Franklin Street Lake City MN 55041 - MLS# 7079417
Room Name
Room Level
Room Dimensions
Dining Room
Main
12x07
Kitchen
Main
12x10
Bedroom
Main
12x12
Bedroom 2
Main
11x10
Bedroom 3
Main
11x09
Walk-In Closet
Main
06x02
Porch
Main
16x12
Three Season Porch
Main
20x06
Owner and Association Info
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Owner and Assocation Info for 311 N Franklin Street Lake City MN 55041 - MLS# 7079417
Ownership Information
Owner is Agent:
Yes
Rental License:
No
In Foreclosure:
No
Potential Short Sale:
No
Lender Owned:
No
Auction:
No
Association Information
Association Fee:
No
Association Fee Covers:
N/A
Tax Info
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Location, Tax and Other Information for 311 N Franklin Street Lake City MN 55041 - MLS# 7079417
Address Information
House Number:
311
Street:
Franklin
Street Abbreviation:
Street
Street Dir Sfx:
Postal City:
Lake City
County:
Wabasha
State/Province:
MN
ZipCode:
55041
Subdivision:
Lake City
Tax Information
Parcel Number:
Tax Classification:
Residential-Single Family
Tax Year:
2025
Tax Amount:
$2,206.00
Assessments:
No
Taxes w/Assessments:
$2,206.00
School Info
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School Information for 311 N Franklin Street Lake City MN 55041 - MLS# 7079417
School District:
813
Elementary School:
Middle School:
High School:
This listing has been entered by the following office: Lakes Sotheby's International Realty
The data relating to real estate for sale on this web site comes in part from the Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the or the and detailed information about them includes the name of the listing brokers.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.
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By submitting this form, you give us permission to contact you regarding this property and that you are also not currently under contract with another real estate agent
Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the 
and detailed information about them includes the name of the listing brokers.