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414 N Broadway St, New Ulm, MN, 56073

2beds
2baths
1,617sqft
$44,500
$28price/sqft
$466/moest. monthly cost
$18,640/yrincome needed

About This Home

Investor special! This property is a true fixer-upper and requires significant repairs. Being sold strictly As Is. Ideal opportunity for investors or experienced rehabbers looking to add value. Conveniently located in the heart of New Ulm on Broadway St. offering excellent visibility and strong upside potential. One stall garage with workspace. Bring your vision and restore this property to its full potential.

Getting Around

59
WalkingSomewhat Walkable
0
TransitVery Limited Transit
66
BikeBikeable

Schools

4/10
--
EsyGrades K-120.8 mi
9/10
New Ulm High SchoolGrades 9-121.2 mi

Construction

Condition

  • Year built: 1885

Materials

  • Construction materials: Other,Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Unfinished,Concrete,Rock,Partial

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Bath Description: Main Floor 1/2 Bath,Upper Level Bath
  • Finished area below ground: 144
  • Finished area above ground: 1,617

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,761
  • Total interior livable area: 1,617 sqft

Property

Details

  • Parcel number: 00100107011110
  • Foundation area: 945

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 8,276 sqft
  • Lot size dimensions: 50 x 165

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Strong Wind
    Strong WindRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Strong Wind
Winter Weather
Hail
Inland Flooding
Tornado

FEMA Declared Disasters in Brown County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $225$2,700
Home Insurance *$35$420
Property Taxes $36$432
Electricity $170$2,050
Total$466$5,592
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$15,977/yr
40% on housing$13,980/yr
45% on housing$12,426/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.6%
10.6%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$28This listing

vs Other Active Listings

Avg $/sqft

ZIP 56073$117
Brown County$105

vs Homes Sold Last Month

Median $/sqft

ZIP 56073$122
Brown County$124

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-01-26Price change$58,500
2026-01-02Listed for sale$62,500
2024-06-04Sold$52,000

For Sale by Agent

AgentSofia Engel
BrokerageKeller Williams Premier Realty

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