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About This Home

This 5-bedroom, 0-bathroom other at 1316 2nd Street NW in Rochester, MN is listed for $399,900 ($146 per sqft). Built in 1939, the home offers 2,741 sqft of living space on a 0.17 acres lot.

Agent Description

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.

Key Features

  • Built in 1939
  • 0.17 acre lot

Property Details

1939

Monthly Cost Estimate

$2,139/mo

20% down · 6.5% · 30 years

Principal$289
Interest$1,733
Insurance$117

Estimates only. Actual payments may vary.

Location

1316 2nd Street NW

Rochester, MN 55901

Cascade Manor

Features & Amenities

Exterior Features

Fiber Board

Property Details

Construction

Frame

Heating

Forced Air

Questions & Answers

This 5-bedroom, 0-bathroom other at 1316 2nd Street NW is listed at $399,900 ($146/sqft). The estimated monthly payment is $1,733 based on 20% down at 6.5% interest.

Key features include: Built in 1939, 0.17 acre lot. Exterior Features: Fiber Board.

This property is listed by Jim Armstrong and can be reached at 5072883333 or jim@searchprogressive.com.

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JA

Jim Armstrong

Agent at Progressive Real Estate

(507) 288-3333

Listed by Progressive Real Estate · View on Broker Site

MLS# 7028516· Source: listhub· Updated 40 days ago

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1316 2nd Street NW, Rochester, MN 55901

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