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For sale by owner
  • $182,000

    1506 2nd St SE, Rochester, MN 55904

    1beds
    544sqft
    : 
    $1,322/mo
    Get pre-qualified
    SingleFamily
    Built in 1918
    4,408 Square Feet Lot
    $-- Zestimate®
    $335/sqft
    $-- HOA

    Overview

    Fully Renovated 1-Bedroom Just Minutes from Mayo Clinic and Downtown Rochester Move right in. This 1918 bungalow was taken down to the studs inside and rebuilt in 2026 with finishes you rarely see at this price. The kitchen is all new: shaker cabinets with soft-close doors, white quartz-style countertops, subway-tile backsplash, undermount sink with a matte-black pull-down faucet, and a brand-new appliance package. The bathroom was gutted and redone with a tiled walk-in shower, glass slider, hex-tile floor, built-in niche shelving, and a new vanity, mirror, and lighting. New luxury vinyl plank flooring runs through every room, with fresh paint, new baseboards and trim, new interior doors, and a new front entry door. The bedroom has a full closet, and the dining area off the kitchen gives you room for a table. The big-ticket systems are already handled: furnace (2022), roof (2020), electrical panel (2019), water heater (2017), sewer line from house to street (2025), and new basement windows (2026). The City of Rochester is currently replacing the water main on the street as well. Outside you'll find a fenced yard with mature shade trees, fresh landscaping, and a storage shed. The home holds a current City of Rochester rental certificate, so it is ready to occupy or rent from day one. Located on a quiet street in Southeast Rochester with quick access to Mayo Clinic, downtown, Bear Creek trails, RCTC, shopping, and the bus line. At this price for a fully renovated home, it won't wait long. Showings by appointment. Contact James at 507-785-8201 or jogilvie@valueaddservices.net.
    What the owner loves about this home
    You're minutes from downtown Rochester and Mayo Clinic, but tucked on a quiet residential street in Southeast Rochester, so you get all the convenience of being close to downtown without the downtown traffic, parking hassles, or noise. Bear Creek trails, RCTC, shopping, and the bus line are all an easy reach from the front door.
    8 days
    425
    8
    Listed by:

    Property Owner (507) 785-8201

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Forced air, Gas
      Appliances
      • Included: Dryer, Microwave, Range / Oven, Refrigerator
      Features
      • Flooring: Laminate
      • Basement: Unfinished
      Interior area
      • Total interior livable area: 544 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Off-street, On-street, Garage
      Features
      • Exterior features: Wood
      • Has view: Yes
      • View description: Park
      Lot
      • Size: 4,408 Square Feet
      Details
      • Parcel number: 640111000904

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Wood
      • Foundation: Concrete
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1918

      Community & HOA

      Location
      • Region: Rochester

      Financial & listing details

      • Price per square foot: $335/sqft
      • Tax assessed value: $121,400
      • Annual tax amount: $1,001
      • Date on market: 10/26/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,207/mo

        Price history

        DateEventPrice
        10/26/2026Listed for sale$182,000+95.7%$335/sqft
        Source: Owner Report a problem
        10/26/2026Listing removed$1,395$3/sqft
        Source: Zillow Rentals Report a problem
        9/30/2026Listed for rent$1,395$3/sqft
        Source: Zillow Rentals Report a problem
        6/30/2026Sold$93,000-17%$171/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7077683 Report a problem
        6/11/2026Pending sale$112,000$206/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7077683 Report a problem
        5/20/2026Listed for sale$112,000+62.7%$206/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7077683 Report a problem
        2/24/2004Sold$68,845$127/sqft
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,001 +5%$85,800 +32.8%
        2024$953 $64,600 -10%
        2023-- $71,800 +4.5%
        2022$916 +8.3%$68,700 +9.9%
        2021$846 +3.7%$62,500 +9.5%
        2020$816 +25.9%$57,100 +38.6%
        2019$648 $41,200 -35.2%
        2017$648 +8.7%$63,600 +72.8%
        2016$596 $36,800 +3.4%
        2015$596 +2.4%$35,600
        2014$582 +11.1%$35,600 -1.1%
        2012$524 $36,000 -40%
        2011-- $60,000 -3.2%
        2010$544 -2.5%$62,000 -1.9%
        2008$558 $63,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: East Side

        Getting around

        29 / 100
        Car-Dependent
        82 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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