1316 2nd Street NW Rochester, MN 55901
For Sale MLS# 7028516
5 beds 3 baths 2,741 sq ft Multi-family
Details for 1316 2nd Street NW
MLS# 7028516
Description for 1316 2nd Street NW, Rochester, MN, 55901
Great location in historic Kutzke Park close to Mayo / St Mary’s complex and downtown with over 3000 ft.² This home has 5 bedrooms 3 baths and 2 kitchens currently used as short-term rental, but could easily be turned back to a single-family home or a duplex. Within the last year, a new roof, zero maintenance premium siding, high efficient HVAC/furnace and central air, also main floor kitchen has been completely remodeled. Convenient parking with a 2 car garage, and driveway parking for 3. Utilities run about $400 per month with $45,840+ a year Gross income this place could be a gold mine for Clinic residence, multigenerational families, investors, or owner occupants looking for a good long term rental.Basement has full kitchen, bedroom, den, living room, 3/4 bath, and common utility / laundry area.. Main floor has 2 bedrooms, full bath, and common kitchen and living room. Upstairs has 2 bedrooms and 3/4 bath. Rooms rent for $700 - 1,200/month depending on the time of the year.
Listing Information
Property Type: Multi-family, Duplex Up and Down
Status: Active
Bedrooms: 5
Bathrooms: 3
Lot Size: 0.17 Acres
Square Feet: 2,741 sq ft
Year Built: 1939
Foundation: 1,062 sq ft
Garage: Yes
Stories: 1.5 Stories
Subdivision: Cascade Manor
Number Of Units Total: 2
County: Olmsted
Days On Market: 60
Construction Status: Previously Owned
School Information
District: 535 - Rochester
Elementary: Elton Hills
Middle: John Adams
High: John Marshall
Additonal Room Information
Laundry: In Basement, Common Area
Interior Features
Square Footage above: 1,998 sq ft
Square Footage below: 743 sq ft
Basement: Partial Finished, Full
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Garage Spaces: 2
Parking Description: Garage Sq Ft - 440.0
Exterior: Fiber Board
Roof: Asphalt Shingles
Lot Dimensions: 50 x 150
Fencing: Chain Link
Additional Exterior/Lot Features: Tree Coverage - Medium
Community Features
Community Features: Other
Unit Information
Unit 1 Units Total: 1
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 1 Rooms Total: 3
Unit 2 Units Total: 1
Unit 2 Baths Total: 2
Unit 2 Beds Total: 4
Unit 2 Rooms Total: 8
Driving Directions
11th Ave NW to 2nd Street NW, Behind Miracle Mile
Financial Considerations
Tenant Pays: None
Owner Pays: All Utilities
Gross Income: 45840
Expense: 12794
Tax/Property ID: 743443003046
Tax Amount: 4994
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Progressive Real Estate
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 1316 2nd Street NW
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 1316 2nd Street NW
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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