100 Meadow Lane, Mankato, MN 56001

• 4 beds |
• 3 baths |
• 3,026 sqft

Property Description

Rare opportunity with built-in income potential, main-level living, and unmatched flexibility! This standout property offers 4 bedrooms, 3 baths, and a highly adaptable layout designed to fit a wide range of lifestyles and investment strategies. Currently used as a single-family home, it functions beautifully as such while offering an easy conversion to an income-producing property if desired. The main level features two expansive living areas, three bedrooms, and convenient main-floor laundry—making it an excellent option for those seeking true main-level living without sacrificing space. A walk-through bath connects directly to the primary suite, adding both comfort and functionality. The lower level takes this home to another level with a private exterior entrance and a fully equipped setup including a full kitchen, large living/family room, bedroom, bonus room, second laundry area, and a ¾ bath with tiled shower—perfect for extended living or maximizing rental potential. What truly sets this property apart is its ACTIVE RENTAL LICENSE—ready for immediate use. Whether you're looking to owner-occupy while generating income, expand your investment portfolio, or simply enjoy the flexibility of additional living space, this property is positioned to deliver. Licensed, flexible properties close to amenities like this are rarely available and highly sought after – don’t miss out! Key updates include a new roof (2022), furnace (2018), and siding (2010), offering added peace of mind. Outside, you’ll find a fenced yard and a shed with electricity—ideal for storage, hobbies, or a workspace. Located just minutes from campus, shopping, and dining, this property combines location, functionality, and income potential in one compelling package.

Listing Status:

Active

Data Last Updated:

July 5, 2026 at 12:16AM

Listing Office:

True Real Estate : 507-345-8783

MLS ID:

7087211

Interior

• Master Bath: 0
• Appliances: DishwasherDryer
• Dining: 0
• Laundry: Lower LevelMain Level
• Basement: BlockEgress Window(s)FinishedFullSump Pump
• A/C: Central Air
• Heating: Forced Air
• Fireplace: Wood BurningFireplaceFireplaces: 1

Exterior

• General: VinylStorage Shed
• Parking: Attached Garage

Construction

• General: OneBlock

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: northstar
• School District: Mankato
• County: Blue Earth

Lot

• Zoning: R010917352016

Utilities

• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar