122 3rd St, Madison, MN 56256
OFF MARKET

122 3rd St
Madison, MN 56256

  • 4 Beds
  • 2 Baths
  • 2,397 sqft (on 0.29 acres)

$123,400

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $804/mo*
Refinance Your Home

$123,400

Trulia Estimate
as of Aug 23, 2026
Est. Refi. Payment $804/mo*
Refinance Your Home
4 Beds
2 Baths
2,397 sqft
(on 0.29 acres)

Home Value

Trulia Estimate
$123K
Since last month
Increased$9K (+7.5%)
Since last year
Decreased$6K (-4.9%)
Since last sale
Increased$48K (+64.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +22% in the last 10 years
MonthEstimated value
2026
August 2026$123K
July 2026$115K
June 2026$118K
May 2026$115K
April 2026$103K
March 2026$108K
February 2026$99K
January 2026$110K
2025
2024

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
712 3rd Ave, Madison, MN
0.32
Single-Family Home
$78,000
05/04/26
4
2
2,130
415 Central Ave, Madison, MN
0.17
Single-Family Home
$45,000
04/20/26
3
2
1,646
207 Western Ave, Madison, MN
0.08
Single-Family Home
$170,000
05/22/26
2
2
2,072
522 5th Ave, Madison, MN
0.31
Single-Family Home
$140,500
01/09/26
3
2
1,950
616 W 5th St, Madison, MN
0.41
Single-Family Home
$72,500
10/30/25
4
1.5
1,640
620 5th Ave, Madison, MN
0.36
Single-Family Home
$189,000
10/03/25
4
2
1,776
910 4th Ave, Madison, MN
0.50
Single-Family Home
$157,500
12/19/25
4
2
3,061
504 9th Ave, Madison, MN
0.56
Single-Family Home
$110,000
04/20/26
4
1.5
1,881
421 8th Ave, Madison, MN
0.51
Single-Family Home
$235,000
03/06/26
3
2
2,728

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
206 1st Ave, Madison, MN 56256
0.06
$77,200
3
2
1,274
Off Market
207 Western Ave, Madison, MN 56256
0.08
$170,000
2
2
2,072
Recently Sold
129 Western Ave, Madison, MN 56256
0.12
$95,600
1
2
1,803
Off Market
321 Western Ave, Madison, MN 56256
0.08
$109,600
6
3
1,908
Off Market
115 1st Ave, Madison, MN 56256
0.12
$112,300
2
1.5
1,689
Off Market
403 1st Ave, Madison, MN 56256
0.08
$229,900
4
2.5
2,998
For Sale
322 Western Ave, Madison, MN 56256
0.12
$113,600
3
2
1,662
Off Market
309 Central Ave, Madison, MN 56256
0.14
$120,100
3
1
1,516
Off Market
209 3rd Ave, Madison, MN 56256
0.15
$168,500
2
2
1,476
For Sale
403 Central Ave, Madison, MN 56256
0.16
$142,400
5
1.5
2,240
Off Market
316 Central Ave, Madison, MN 56256
0.18
$32,500
2
1
991
Recently Sold

Local Information

  • Map ViewExplore the area around 122 3rd St.
  • Schools2 Preschool Schools3 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1900
Lot Size
0.29 acres
Living Area
2,397 sqft
Price/Sqft
$51
Parking
Garage
HOA
None

About this House

LARGE HOME ON A CORNER LOT. LOTS OF IMPROVEMENTS SINCE OWNERSHIP. COULD BE INCOME PROPERTY IN THE UPSTAIRS WHICH USED TO BE A RENTAL APARTMENT. SEPARATE ENTRANCE IF THE NEW OWNER WOULD WANT TO UTILIZE THE UPSTAIRS FOR A RENTAL AND LIVE ON MAIN FLOOR! or HAVE 2 RENTAL SPACES AS WELL or USE THE ENTIRE HOME AS A SINGLE FAMILY SPACE! FRONT DECK IS IN GOOD SHAPE AND IS A HANDICAPP ACCESSIBLE RAMP. LAUNDRY IS MOVED UP ON TO THE 2ND LEVEL. 2 CAR DETACHED GARAGE. LARGE GARDEN SPACE! FRESH PAINT THROUGHOUT. ADORABLE FRENCH DOORS INTO THE OFFICE /TOY ROOM.
122 3rd St, Madison, MN 56256 is a 4 bedroom, 2 bathroom, 2,397 sqft single-family home built in 1900. It last sold for $75,000 on Dec 12, 2022 (6% below the $79,900 asking price). It is currently off market. The Trulia Estimate is $123,400, with a rent estimate of $1,554/month.
Last check for updates: about 2 hours ago
Listed by Dawn G Peterson, (320) 226-5021
Peterson Team Realty
Bought with: Dawn G Peterson, (320) 226-5021, Peterson Team Realty
Source: NorthstarMLS as distributed by MLS GRID, MLS#6265386

Home Details for 122 3rd St

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Full,Concrete,Sump PumpNumber of Rooms: 7Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1
Dimensions and Layout
Living Area: 2397 Square FeetFoundation Area: 1370
Heating & Cooling
Heating: Hot WaterHas CoolingAir Conditioning: Wall Unit(s)Has HeatingHeating Fuel: Hot Water
Fireplace & Spa
No Fireplace
Gas & Electric
Electric: Circuit BreakersGas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: Accessible Approach with Ramp
View
No View

Exterior Features

Exterior Home Features
Roof: Asphalt
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Other Parking: Garage Door Height (7)No CarportHas a GarageNo Attached GarageParking Spaces: 2Parking: Detached Garage,Gravel
Frontage
Road Frontage: City StreetResponsible for Road Maintenance: Public Maintained RoadNot on Waterfront
Water & Sewer
Sewer: City Sewer/Connected
Finished Area
Finished Area (above surface): 2397 Square Feet

Days on Market

Cumulative Days on Market: 56

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: FrameNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 540207000

Price & Status

Price
List Price: $79,900
Status Change & Dates
Off Market Date: Thu Dec 01 2022

Location

Direction & Address
City: MadisonCommunity: Madison
School Information
High School District: Lac Qui Parle Valley

Building

Building Area
Building Area: 2397 Square Feet

HOA

No HOA

Lot Information

Lot Area: 0.29 acres

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 6265386Above Grade Unfinished Area: 2397

Price and Tax history

DateEventPrice
Dec 12, 2022
Source: NorthstarMLS as distributed by MLS GRID #6265386
Sold
$75,000
Dec 1, 2022
Source: NorthstarMLS as distributed by MLS GRID #6265386
Pending
$79,900
Nov 8, 2022
Source: NorthstarMLS as distributed by MLS GRID #6265386
PendingToActive
$79,900
Oct 31, 2022
Source: NorthstarMLS as distributed by MLS GRID #6265386
Pending
$79,900
Sep 28, 2022
Source: NorthstarMLS as distributed by MLS GRID #6265386
Listed For Sale
$79,900

Market trends in Madison

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
16
2MoM

Around this home

What Locals Say about Madison

At least 3 Trulia users voted on each feature.

  • 100 % Say parking is easy

  • 100 % Say yards are well-kept

  • 100 % Say it's quiet

  • 83 % Say kids play outside

  • 80 % Say there are community events

  • 80 % Say it's dog friendly

  • 75 % Say streets are well-lit

  • 75 % Say there are sidewalks

  • 75 % Say there's holiday spirit

  • 71 % Say it's walkable to grocery stores

  • 70 % Say neighbors are friendly

  • 67 % Say people would walk alone at night

  • 67 % Say it's walkable to restaurants

  • 33 % Say car is needed

  • 25 % Say they plan to stay for at least 5 years

  • 20 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Becky P.
    "My neighbors are mean. We didn't talk to any of the neighbors before buying the house. We want to move"
    0
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-08-23 01:03:22 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
By searching NorthstarMLS listings you agree to the NorthstarMLS End User License Agreement

Frequently asked questions about 122 3rd St

  • What is 122 3rd St estimated to be worth?
    Trulia's estimated value for 122 3rd St in Madison, MN is $123,400.
  • What is the price history for 122 3rd St?
    122 3rd St in Madison, MN last sold for $75,000 in December 2022.
  • Is Madison a buyer's or seller's market?
    Madison is currently a buyer's market, based on recent for-sale activity.
  • What are the closest schools to 122 3rd St?
    The closest schools to 122 3rd St in Madison, MN are Appleton Elementary School (Pre-K, rated 3/10), Lac Qui Parle Valley Middle School (Elementary, rated 4/10), Lac Qui Parle Valley Secondary (Middle/High, rated 6/10).
  • Does 122 3rd St have air conditioning?
    Yes, 122 3rd St in Madison, MN has air conditioning.
  • How big is the lot at 122 3rd St?
    The lot at 122 3rd St in Madison, MN is about 0.29 acres (12,589 sq ft).

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