Lori Gustafson

416 8th Avenue

Madison, MN
$ 170,000 Beds 2 Baths 2.5 Sq 2,300
Monthly Estimate* How much can I afford?

Welcome to this move-in ready Madison home! Offering the convenience of main-floor living, this beautifully maintained home combines modern updates, a practical layout, and far more finished living space than meets the eye. The main level features a spacious living room, an open kitchen and dining area with additional counter-height seating, two generously sized bedrooms, a full bath, an updated half bath, and a convenient laundry area. Step outside through the patio door to enjoy the partially fenced backyard and large deck, perfect for summer BBQs, entertaining friends, or enjoying your morning coffee. The lower level expands the living space even further with a massive family room complete with a built-in bar area, making it an ideal gathering spot for game days, movie nights, or hosting guests. You'll also find abundant storage, a utility room, and two additional non-conforming bedrooms that offer flexibility for a home office, hobby room, or guest space. A second detached garage provides valuable extra storage or additional parking. With its spacious interior, thoughtful updates, and versatile living spaces, this home is ready for its next owners. Schedule your private showing today!

Single Family

  • Price
  • $ 170,000
  • City
  • Madison
  • Bedrooms
  • 2
  • Full Bathrooms
  • 2
  • County
  • LAC QUI PARLE
  • Half Bathrooms
  • 1
  • Area
  • City-Madison
  • Lot Size
  • 0.242 Acres
  • Zip
  • 56256
  • Sqr Footage
  • 2,300
  • Year Built
  • 1978
  • Taxes
  • $ 2792
  • Style
  • Single Family
  • MLS#
  • 7095526
Listed By: New London Real Estate, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2300
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Asphalt
Appliances Dishwasher,Dryer,Electric Water Heater,Range,Refrigerator,Washer
Garage Spaces 2
Year Built 1978
Electric Circuit Breakers
Levels One
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 City/Madison
Other Structures Storage Shed
Full Baths 1
Directions From intersection of US 75 and MN Hwy 40,go 3.5 blocks north on Highway 212,house is on right hand side.
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 2792
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Madison

Interior Features

Basement Block,Finished,Sump Pump
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1260
Half Baths 1
3/4 Baths 1
Total Bedrooms 2
Below Grade Finished Area 1040
Total Baths 3
Dining Room Description Informal Dining Room,Kitchen/Dining Room
Foundation Dimensions 30x44
Fuel Natural Gas
Garage Dimensions 12x24
Garage Square Feet 288

Exterior Features

Fencing Partial
Parking Features Attached Garage,Detached Garage
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.242
Building Area Total 2520
Lot Dimensions 75x140
Waterfront Y/N No
Foundation Area 1320
Road Frontage Type Highway
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
Adjust Payment Options
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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

6/19/2026 Listed $185,000
7/19/2026 6% - $175,000
8/12/2026 3% - $170,000

Property vs Zip Code Average in 56256

Price
AVG $200K
$170K
Taxes
AVG $1,878
$2,792
Year Built
AVG 1938
1978
Visits
AVG 75
18
Data Provided by Inside Real Estate®

Areas That We Cover

416 8th Avenue Madison, MN is a Single Family Home for sale at $170000 with 2300 sqft and a lot size of 0.242 Acres Acre(s). 416 8th Avenue Madison has 2 bedrooms, 2 baths and was built in 1978. 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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