221 E Walnut St, Mankato, MN, 56001
About This Home
Fully leased six-unit investment property in downtown Mankato. Building features a newer roof, energy-efficient windows, baseboard heat, separate electrical meters, & secure common entrance.
Getting Around
Very Walkable
Very Limited Transit
Very BikeableSchools
Construction
Condition
- Property condition: Previously Owned
Materials
- Construction materials: Block,Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Block,Full
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Finished area below ground: 0
- Finished area above ground: 3,820
Heating
- Heating features: Boiler,Oil
Interior Area
- Total structure area: 3,820
- Total interior livable area: 3,820 sqft
Property
Details
- Foundation area: 6528
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.68 Acres
- Lot size dimensions: 50 x 60
Parking
- Parking features: None
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
- Winter Weather
- Cold Wave
- Strong Wind
- Tornado
- Hail
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters in Blue Earth County and Minnesota
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,028 | $36,336 |
| Home Insurance * | $201 | $2,412 |
| Property Taxes | $479 | $5,748 |
| Electricity | $322 | $3,866 |
| Total | $4,030 | $48,360 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
No market data available for this area
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-03 | Listed for sale | $599,000 |
| 2023-12-07 | Listing removed | -- |
| 2023-12-01 | Listed for rent | $950 |
| 2023-08-08 | Listing removed | -- |
| 2023-07-07 | Listed for rent | $900 |
| 2021-03-01 | Listing removed | -- |
| 2020-06-28 | Listing removed | $800 |
| 2020-05-13 | Price change | $800 |
| 2020-04-19 | Price change | $750 |
| 2020-03-19 | Listed for rent | $850 |
For Sale by Agent
View on Zillow