516 2nd Ave, Madison, MN 56256
Property image
Property image
OFF MARKET

516 2nd Ave
Madison, MN 56256

  • 3 Beds
  • 2.5 Baths
  • 1,420 sqft

$64,700

Trulia Estimate
as of Jul 27, 2026
Est. Refi. Payment $454/mo*
Refinance Your Home

$64,700

Trulia Estimate
as of Jul 27, 2026
Est. Refi. Payment $454/mo*
Refinance Your Home
3 Beds
2.5 Baths
1,420 sqft

Local Information

  • Map ViewExplore the area around 516 2nd Ave.
  • 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
Living Area
1,420 sqft
Price/Sqft
$46
Parking
Garage
HOA
None

About this House

Located just a block from the school, 3 blocks from downtown, and 4 blocks from the hospital, this delightful 3 bedroom, 2.5 bathroom home will surprise buyers with the spaciousness and potential. The main floor offers a quaint bedroom, 3/4 bathroom with walk in shower with grab bars, an open living room and formal dining area, the laundry was moved in the enormous kitchen space. The upper level has a full bathroom and 2 bedrooms awaiting a buyer's personal touch. The basement is equally spacious as the main floor with 2 root cellars, storage space, plus a half bathroom. Outside is a 1.5 car garage plus an extra 1 car garage for more storage, or use for hobbies. Call today for a showing.
516 2nd Ave, Madison, MN 56256 is a 3 bedroom, 3 bathroom, 1,420 sqft single-family home built in 1900. It last sold for $62,000 on Jan 17, 2025 (9% below the $67,900 asking price). It is currently off market. The Trulia Estimate is $64,700, with a rent estimate of $1,833/month.

Home Details for 516 2nd Ave

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Full,ConcreteNumber of Rooms: 12Types of Rooms: Bedroom, Bedroom 2, Bedroom 3, Bathroom, Dining Room, Foyer, Kitchen, Living Room, Storage, Utility Room, Wine Cellar
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 3Number of Bathrooms (full): 1Number of Bathrooms (three quarters): 1Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 1420 Square FeetFoundation Area: 1296
Appliances & Utilities
Appliances: Dishwasher, Dryer, Range, Refrigerator, WasherDishwasherDryerLaundry: Electric Dryer Hookup,Main Level,Washer HookupRefrigeratorWasher
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air
Fireplace & Spa
No Fireplace
Gas & Electric
Gas: Natural Gas
Levels, Entrance, & Accessibility
Stories: 2Levels: TwoAccessibility: Grab Bars In Bathroom
View
No View

Exterior Features

Exterior Home Features
Roof: Age Over 8 Years AsphaltFencing: NoneOther Structures: Garage(s)No Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Other Parking: Garage Dimensions (24x24), Garage Door Height (7), Garage Door Width (16)No CarportHas a GarageNo Attached GarageParking Spaces: 3Parking: Detached Garage,Gravel,Multiple Garages
Pool
Pool: None
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): 1420 Square Feet

Days on Market

Cumulative Days on Market: 18

Property Information

Year Built
Year Built: 1900
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 540109000

Price & Status

Price
List Price: $67,900
Status Change & Dates
Off Market Date: Wed Dec 18 2024

Location

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

Building

Building Area
Building Area: 1420 Square Feet

HOA

No HOA

Lot Information

Lot Area: 10454.4 sqft

Offer

Contingencies: None

Miscellaneous

BasementMls Number: 6636108Above Grade Unfinished Area: 1420
Last check for updates: about 20 hours ago
Listed by Joleen Marczak, (507) 829-5675
Weichert REALTORS Tower Properties
Bought with: Joleen Marczak, (507) 829-5675, Weichert REALTORS Tower Properties
Source: NorthstarMLS as distributed by MLS GRID, MLS#6636108

Price History for 516 2nd Ave

DatePriceEventSource
01/17/2025$62,000Sold
NorthstarMLS as distributed by MLS GRID #6636108
12/18/2024$67,900PendingNorthstarMLS as distributed by MLS GRID #6636108
12/02/2024$67,900Listed For SaleNorthstarMLS as distributed by MLS GRID #6636108

Market trends in Madison

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
14
1MoM
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2024
Tax$1,036
Assessment$68,000
Home facts updated by county records

Comparable Sales for 516 2nd Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
415 Central Ave, Madison, MN
0.18
Single-Family Home
$45,000
04/20/26
3
2
1,646
712 3rd Ave, Madison, MN
0.15
Single-Family Home
$78,000
05/04/26
4
2
2,130
522 5th Ave, Madison, MN
0.21
Single-Family Home
$140,500
01/09/26
3
2
1,950
321 Western Ave, Madison, MN
0.16
Single-Family Home
$107,400
08/05/25
6
3
1,908
616 W 5th St, Madison, MN
0.35
Single-Family Home
$72,500
10/30/25
4
1.5
1,640
413 5th Ave, Madison, MN
0.26
Single-Family Home
$75,000
02/02/26
3
1
1,152
620 5th Ave, Madison, MN
0.23
Single-Family Home
$189,000
10/03/25
4
2
1,776
207 Western Ave, Madison, MN
0.25
Single-Family Home
$170,000
05/22/26
2
2
2,072
522 6th Ave, Madison, MN
0.29
Single-Family Home
$99,000
08/06/25
2
2
896

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 516 2nd Ave.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

Apartments for Rent

Skip to last item
Skip to first item

Homes for sale near 516 2nd Ave

Skip to last item
Skip to first item

Off Market Homes Near 516 2nd Ave

Skip to last item
Skip to first item
Based on information submitted to the MLS GRID as of 2026-07-26 01:13:00 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