Lori Gustafson

116 2nd Street Ne

Plato, MN
$ 209,900 Beds 2 Baths 1 Sq 792
Monthly Estimate* How much can I afford?

Don't miss this incredible opportunity to own a charming home situated on a spacious corner lot in the heart of Plato! This inviting 2-bedroom, 1-bath home offers comfortable living with plenty of outdoor space to enjoy. This home features a fully fenced backyard. Additional highlights include a newer water heater and an oversized 2-car detached garage that is both heated and insulated, providing year-round functionality. Enjoy the charm of small-town living while benefiting from convenient, quick access to Hwy 212 for an easy commute.

Single Family

  • Price
  • $ 209,900
  • City
  • Plato
  • Bedrooms
  • 2
  • Full Bathrooms
  • 1
  • County
  • MCLEOD
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.134 Acres
  • Zip
  • 55370
  • Sqr Footage
  • 792
  • Year Built
  • 1905
  • Taxes
  • $ 1424
  • Style
  • Single Family
  • MLS#
  • 7142540
Listed By: Minnesota REO Properties, Inc
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 792
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age Over 8 Years,Asphalt,Pitched
Appliances Dryer,Microwave,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 2
Year Built 1905
Levels One
Property Subtype Single Family
Tax Year 2025
Accessibility None
County McLeod
New Construction No
Property Type Residential
HOA No
Contingency None
Full Baths 1
Directions Hwy 212 40 min west of Minneapolis to Plato,north on CR 9 to 2nd Street,right to home
City Plato
High School District Glencoe-Silver Lake
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 1424
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
PostalCity Plato

Interior Features

Basement Full,Unfinished
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 792
Total Bedrooms 2
Total Baths 1
Bath Desc Main Floor Full Bath
Fuel Natural Gas
Garage Square Feet 624

Exterior Features

Fencing Chain Link
Parking Features Detached Garage
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.134
Building Area Total 1584
Lot Dimensions 100x50
Waterfront Y/N No
Foundation Area 792
Road Frontage Type City Street,Curbs,Paved Streets

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

9/10/2026 Listed $209,900

Property vs Zip Code Average in 55370

Price
AVG $680K
$210K
Taxes
AVG $2,852
$1,424
Year Built
AVG 1968
1905
Visits
AVG 12
2
Data Provided by Inside Real Estate®

Areas That We Cover

116 2nd Street Ne Plato, MN is a Single Family Home for sale at $209900 with 792 sqft and a lot size of 0.134 Acres Acre(s). 116 2nd Street Ne Plato has 2 bedrooms, 1 baths and was built in 1905. The property's zip code is 55370 which is in Plato, 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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