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About This Home

This 4-bedroom, 2-bathroom single family at 509 Walnut Avenue in Madison Lake, MN is listed for $194,900 ($69 per sqft). the home offers 2,820 sqft of living space on a N/A lot.

Agent Description

If you’ve been dreaming of small town living with lake views and easy access to Mankato, this Madison Lake home is full of opportunity. Located within walking distance to Madison Lake, The Landing, and convenient local stores, you’ll love the charm of this community and the lifestyle it offers.

Morning walks to the lake, dinner down the street, and a quick commute to Mankato make this location hard to beat. Inside, the home is ready for someone to bring their vision and build sweat equity. The main floor features a spacious living room, dining area, office, and kitchen with access to a concrete patio.

You’ll also appreciate the convenience of main floor laundry with access to the back deck, where you can relax and take in views of Madison Lake overlooking the nearly half acre lot. A full bathroom completes the main level. Upstairs offers three bedrooms and another full bathroom, providing great separation of space.

The basement houses the mechanicals and offers additional storage space. Outside, the almost half acre lot gives you room to garden, play, or simply enjoy the peaceful setting. A one stall detached garage adds extra storage and functionality. If you’re looking for an affordable way to get into a great location and make a home your own, this property is packed with potential and ready for its next chapter.

Key Features

  • 2 stories
  • 1 parking spaces

Property Details

2 stories
2 full
1 space

Monthly Cost Estimate

$1,042/mo

20% down · 6.5% · 30 years

Principal$141
Interest$845
Insurance$57

Estimates only. Actual payments may vary.

Location

509 Walnut Avenue

Madison Lake, MN 56063

Questions & Answers

This 4-bedroom, 2-bathroom single family at 509 Walnut Avenue is listed at $194,900 ($69/sqft). The estimated monthly payment is $845 based on 20% down at 6.5% interest.

Key features include: 2 stories, 1 parking spaces.

This property is listed by Angie VanEman Lynch and can be reached at 5073818961 or angie@mankatorealestate.com.

AL

Angie VanEman Lynch

Agent at AMERICAN WAY REALTY

(507) 381-8961

Listed by AMERICAN WAY REALTY · View on Broker Site

MLS# 7039487· Source: listhub· Updated 49 days ago

Copyright © 2026 Realtor Association of Southern Minnesota. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

509 Walnut Avenue, Madison Lake, MN 56063

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