Lori Gustafson

165 W 5th Street N

Cottonwood, MN
$ 225,000 Beds 3 Baths 2 Sq 1,960
Monthly Estimate* How much can I afford?

Spacious, versatile, and filled with spaces made to be enjoyed, this Cottonwood home offers a fantastic layout with beautiful lake views right across the road! The main floor truly steals the show, beginning with a large front entry that opens into an expansive living area with plenty of room to create multiple seating areas, a play space, or whatever best fits your lifestyle. The generous dining area flows directly to the back deck and into the open-concept kitchen, featuring solid wood cabinetry, stainless steel appliances, abundant countertop space, and plenty of room for cooking and entertaining. A convenient service door from the kitchen provides a second access point to the back deck, making indoor-outdoor entertaining incredibly easy. A full bathroom is located just off the kitchen and a dedicated main floor laundry room is just around the corner, too! Upstairs, you’ll find three spacious bedrooms and a 3/4 bathroom. The primary bedroom was created by combining two former bedrooms, resulting in an impressively sized retreat with two closets and multiple entry points. The space could also be converted back into two bedrooms if desired, offering the potential for a four-bedroom layout. The lower level adds even more flexibility with room for a second family room, workout area, workshop, craft room, or hobby space, along with a separate area for mechanicals and additional storage. Outside, enjoy a large covered front deck overlooking the lake across the road, plus a backyard designed to be enjoyed with another spacious deck, firepit, storage shed, garden area, and plenty of yard space. Additional features include an attached one-stall garage, forced-air heat, central air, updated sewer stack, water softener, updated water heater, and a roof replaced in 2023. With some fresh paint and your own finishing touches, this spacious home offers an incredible amount of flexibility, functionality, and potential inside and out.

Single Family

  • Price
  • $ 225,000
  • City
  • Cottonwood
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • LYON
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 0.194 Acres
  • Zip
  • 56229
  • Sqr Footage
  • 1,960
  • Year Built
  • 1910
  • Taxes
  • $ 2716
  • Style
  • Single Family
  • MLS#
  • 7145114
Listed By: Edina Realty, Inc.
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1960
Sewer City Sewer/Connected
Heating Forced Air
Cooling Central Air
Roof Age 8 Years or Less,Asphalt
Appliances Dishwasher,Dryer,Electric Water Heater,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer
Garage Spaces 1
Construction Materials Frame
Year Built 1910
Electric Circuit Breakers,150 Amp Service
Levels Two
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Lyon
New Construction No
Property Type Residential
HOA No
Contingency None
Other Structures Storage Shed
Full Baths 1
Directions From W Main St (Cty Rd 10) head N on W 5th St. Home is located towards end of street on left hand side.
City Cottonwood
High School District Lakeview
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 2716
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Deck,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Porch,Washer/Dryer Hookup,Walk-In Closet
PostalCity Cottonwood

Interior Features

Basement Daylight/Lookout Windows,Full,Storage Space,Sump Pump,Unfinished
Total Fireplaces 1
Fireplace Features Gas
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 1960
3/4 Baths 1
Laundry Features Laundry Room,Main Level,Sink
Total Bedrooms 3
Total Baths 2
Bath Desc Main Floor Full Bath,Upper Level 3/4 Bath
Dining Room Description Eat In Kitchen,Informal Dining Room,Living/Dining Room
Fuel Propane
Garage Dimensions 12x24
Garage Square Feet 288

Exterior Features

Parking Features Attached Garage
Water Source City Water/Connected
Lot Size Area 0.194
Building Area Total 2684
Lot Dimensions 50x170
Waterfront Y/N No
Foundation Area 1236
Road Frontage Type City Street,Curbs,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
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

9/22/2026 Listed $225,000

Property vs Zip Code Average in 56229

Price
AVG $230K
$230K
Taxes
AVG $2,716
$2,716
Year Built
AVG 1925
1910

Areas That We Cover

165 W 5th Street N Cottonwood, MN is a Single Family Home for sale at $225000 with 1960 sqft and a lot size of 0.194 Acres Acre(s). 165 W 5th Street N Cottonwood has 3 bedrooms, 2 baths and was built in 1910. The property's zip code is 56229 which is in Cottonwood, 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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