1401 3rd Ave
Heron Lake, MN 56137
3 bd 1 ba 1,752 sqft Built 1915 Lot 14,985 sqft single_family
Most recent sale
$109,000
Jun 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 18, 2025 | Sold | $103,500 | NorthstarMLS |
| Apr 16, 2025 | Listed | $109,900 | NorthstarMLS |
| Oct 28, 2024 | Price changed | $99,900 | NorthstarMLS |
| Sep 21, 2024 | Listed | $109,900 | NorthstarMLS |
| May 1, 2024 | Listing removed | $127,000 | Mankato |
| Mar 13, 2024 | Price changed | $127,000 | NorthstarMLS |
| Jan 9, 2024 | Price changed | $110,000 | NorthstarMLS |
| Dec 14, 2023 | Price changed | $112,900 | NorthstarMLS |
| Oct 19, 2023 | Listed | $117,900 | NorthstarMLS |
| Oct 18, 2023 | Listed | $117,900 | Mankato |
| Jun 21, 2022 | Sold | $109,000 | MLS #6184932 |
| Apr 26, 2022 | Listed | $105,000 | MLS #6184932 |
| Apr 25, 2022 | Listed | $105,000 | MLS #7029588 |
| Sep 19, 2007 | Sold | $27,500 | Public Record |
| Sep 11, 2007 | Sold | $27,500 | Public Record |
| May 15, 2006 | Sold | $27,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $71,600 | $3,000 | $74,600 | $898 |
| 2022 | — | — | $24,400 | $488 |
| 2020 | — | — | $21,400 | $454 |
| 2019 | — | — | $21,400 | $404 |
| 2017 | $15,102 | $1,798 | $16,900 | $352 |
| 2016 | $15,102 | $1,798 | $16,900 | $360 |
| 2015 | $14,496 | $1,804 | $16,300 | $374 |
| 2014 | $14,496 | $1,804 | $16,300 | $358 |
| 2013 | $13,560 | $1,440 | $15,000 | $390 |
| 2012 | $14,058 | $1,442 | $15,500 | $436 |
| 2011 | $14,958 | $1,442 | $16,400 | $454 |
| 2006 | — | — | $25,800 | — |
Property facts
Year built
1915
Property type
single_family
Stories
1
Beds
3
Baths
1
Living area
1,752 sqft
Lot size
14,985 sqft
ZIP code
56137
City
Heron Lake
Street
3rd Ave
Coordinates
43.79107, -95.32477
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$654
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1401 3rd Ave last sell?
1401 3rd Ave most recently sold on Jun 21, 2022 for $109,000.
What is the current tax assessment for 1401 3rd Ave?
The most recent total assessment for 1401 3rd Ave (year 2025) is $74,600 with $898 in property tax.
How does 1401 3rd Ave's assessment compare to its last sale price?
The current assessment is 31.6% below the last sale price of $109,000.
When was 1401 3rd Ave built?
1401 3rd Ave was built in 1915.
How does 1401 3rd Ave compare to others on 3rd Ave?
We track 8 other properties on 3rd Ave. Browse the list under "Other properties on 3rd Ave" to compare beds, baths, and sale history.
What are the property facts for 1401 3rd Ave?
1401 3rd Ave is a 3 bed, 1 bath, 1,752 sqft, 14,985 sqft lot single_family.
Is 1401 3rd Ave a flip candidate?
No — 1401 3rd Ave does not appear in our flips dataset.
Is 1401 3rd Ave a tax-appeal candidate?
No — 1401 3rd Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.3%
Implied 1-yr
-9.1%
2025 Q3
$112.5K
2025 Q4
$109.5K
ZIP 56137 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 3rd Ave