Lori Gustafson

403 1st Avenue

Madison, MN
$ 229,900 Beds 4 Baths 2.5 Sq 2,998
Monthly Estimate* How much can I afford?

Beautifully restored, 4-bedroom Victorian home, located on a corner lot in Madison! This home offers an original, natural lit front porch, perfect for your morning coffee or exercise routine! As you enter the home you'll see the beauty in the original woodwork, a formal living & dining area with beautiful oak built in hutches & book shelves, high ceilings, a large kitchen with an option for additional seating, 6 panel oak doors, beautiful original woodwork throughout the home! This home also offers a newer addition sunroom/hot tub room off the back of the home, main floor laundry, a maintenance free exterior, 3 year old shingles, newer vinyl windows, a newer boiler system, a wonderful patio to enjoy your evenings outside, beautiful perennial flower gardens and a detached 2 stall garage. The lower level offers additional space for a TV or rec/game room. This spacious, unique home is a must-see! call us today to schedule a showing!

Single Family

  • Price
  • $ 229,900
  • City
  • Madison
  • Bedrooms
  • 4
  • Full Bathrooms
  • 2
  • County
  • LAC QUI PARLE
  • Half Bathrooms
  • 1
  • Area
  • Townsite
  • Lot Size
  • 0.24 Acres
  • Zip
  • 56256
  • Sqr Footage
  • 2,998
  • Year Built
  • 1915
  • Taxes
  • $ 2787
  • Style
  • Single Family
  • MLS#
  • 7086488
Listed By: Kuhlmann Real Estate, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2998
Sewer City Sewer/Connected
Heating Baseboard,Boiler
Cooling Wall Unit(s)
Roof Age 8 Years or Less,Architectural Shingle
Appliances Cooktop,Dishwasher,Dryer,Refrigerator,Wall Oven,Washer,Water Softener Owned
Garage Spaces 2
Year Built 1915
Electric Circuit Breakers
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Lac qui Parle
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Townsite
Full Baths 1
Directions Hwy 40,then north on 1st Ave,to house,on the corner of block,house # is 403
City Madison
High School District Lac Qui Parle Valley
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 2787
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Natural Woodwork,Patio,Paneled Doors
PostalCity Madison

Interior Features

Basement Partially Finished,Sump Pump
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 2598
1/4 Baths 1
3/4 Baths 1
Laundry Features Main Level
Total Bedrooms 4
Below Grade Finished Area 400
Total Baths 3
Bath Desc Main Floor 3/4 Bath,Upper Level Full Bath
Dining Room Description Kitchen/Dining Room,Separate/Formal Dining Room
Foundation Dimensions 26x35
Fuel Electric,Natural Gas
Garage Dimensions 20x30
Garage Square Feet 600

Exterior Features

Parking Features Detached Garage
Lot Features Corner Lot
Water Source City Water/Connected
Lot Size Area 0.24
Building Area Total 3538
Lot Dimensions 75x140
Waterfront Y/N No
Foundation Area 940
Road Frontage Type County Road,Paved Streets,Sidewalks
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

6/3/2026 Listed $229,900

Property vs Zip Code Average in 56256

Price
AVG $200K
$230K
Taxes
AVG $1,878
$2,787
Year Built
AVG 1938
1915
Visits
AVG 75
62
Data Provided by Inside Real Estate®

Areas That We Cover

403 1st Avenue Madison, MN is a Single Family Home for sale at $229900 with 2998 sqft and a lot size of 0.24 Acres Acre(s). 403 1st Avenue Madison has 4 bedrooms, 2 baths and was built in 1915. The property's zip code is 56256 which is in Madison, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided 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.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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