119 E Welcome Ave, Mankato, MN 56001 Property Records

Blue Earth County property record for 119 E Welcome Ave, Mankato, MN 56001

Property Summary

Property TypeApartments (5+ Units)
Detailsbuilt 1961
Lot Size0.391 acres (17,032 sqft)
OwnerCompany Name on File
Last Sale$1,590,000 (Aug 2026)
Tax Bill$13,652 (2026)
Deeds & MortgagesAug 2026 Sale & Mortgage
Apr 2025 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APNR01.09.17.355.004

Property Details

APN / Parcel Number

Primary APNR01.09.17.355.004

Interior

Units4 Units
Stories2 Stories

Exterior

Year BuiltBuilt 1961
Effective Year BuiltEffective 1961
Lot Area17,032 sqft (0.391 acres)

Location & Zoning

Street Address119 E WELCOME AVE
CityMANKATO
StateMN
Zip56001-4988
Property CategoryResidential
Property TypeResidential > Multi-Unit > Apartments (5+ Units)
Legal DescriptionMEURERS SUB DIV E54.34' OF LOT 5 & ALL LOT 006 005 00
Legal Range26
Legal Township108
Legal Section17
Legal SubdivisionMEURERS SUBDIVISION
Legal Block5
Legal Lot Number5-6
JurisdictionBLUE EARTH MN
Township / Civil DivisionMANKATO
Census Block Group1
Census Block1005
Census Tract171202

Owner

119 E Welcome Ave, a residential property, is owned by a company that bought it in August 2026.

Source: Blue Earth County records, as of September 4, 2026

Owner of RecordCompany Name on File
Mailing Address58363 193RD LN, MANKATO, MN 56001-7895
Owner TypeCompany
VestingLimited Liability Partnership

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

DateDocument
Aug 24, 2026Warranty Deed, Transfer · Conventional Mortgage
NATIONAL BANK
Apr 24, 2025Warranty Deed, Transfer · Commercial Mortgage
UNITED PRAIRE BANK

Assessor's Deed Record

Deed NamesName on Deed
Last SaleAug 24, 2026 · Amount on File
Deed SaleAug 24, 2026 · Amount on File
Prior SaleApr 24, 2025 · Amount on File
Deed Document Number2026627040
Record UpdatedOct 29, 2026

August 2026: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionBLUE EARTH MN
Recording DateAug 24, 2026
Property Address119 E WELCOME AVE, MANKATO, MN 56001-4988
Document Number0000627040
Instrument DateAug 24, 2026
Instrument2026627040
Transaction TypeTransfer
Record UpdatedSep 4, 2026
Title CompanyPLATINUM TITLE LLC, PLATINUM TITLE

Transaction

AmountAmount on Record
DownpaymentDownpayment on Record
Loan-to-Value (LTV)LTV on Record
Tax$529,947.00
Amount AccuracyFull Amount Stated
Additional
  • Arm's Length
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipLimited Liability Partnership
Address58363 193RD LN, MANKATO, MN 56001-7895

Mortgage

Document Number0000627041,
DateAug 24, 2026
Instrument2026627041
Lender
NameNATIONAL BANK
Agreement
TypeConventional Mortgage
AmountAmount on Record
Term60 Months
DueSep 5, 2031
Interest
Max Rate-1%

April 2025: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionBLUE EARTH MN
Recording DateApr 24, 2025
Property Address119 E WELCOME AVE, MANKATO, MN 56001-4988
Document Number00617CR747
Instrument DateApr 24, 2025
Instrument617CR747
Transaction TypeTransfer
Record UpdatedMay 12, 2026
Title CompanyPLATINUM TITLE

Transaction

AmountAmount on Record
Loan-to-Value (LTV)LTV on Record
Tax$3,960.00
Amount AccuracyRounded by County
Additional
  • Arm's Length
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address223 S BROAD ST STE 103, 103, MANKATO, MN 56001-7061

Mortgage

Document Number00617CR748
DateApr 24, 2025
Instrument617CR748
Lender
NameUNITED PRAIRE BANK
TypeBank
Agreement
TypeCommercial Mortgage
AmountAmount on Record
Term300 Months
DueApr 15, 2050
Interest
Rate TypeAdjustable Rate

Tax Assessment & Valuation

The 2026 property tax bill for 119 E Welcome Ave was $13,652.

Source: Blue Earth County assessment roll, as of May 12, 2026

Property Jurisdictions

TypeName
StateMinnesota
CountyBlue Earth County
MunicipalityMankato City
Unified School DistrictMankato Public School District (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2026$13,652.00$852,400 (-8.44%) Land $168,800 Building $683,600$852,400 (-8.44%) Land $168,800 Building $683,600
2025$931,000 (-) Land $184,300 Building $746,700$931,000 (-) Land $184,300 Building $746,700
2024$12,642.00 (+52.06%)$931,000 (-5.41%) Land $184,300 Building $746,700$931,000 (-5.41%) Land $184,300 Building $746,700
2023$8,314.00$984,200 Land $191,900 Building $792,300$984,200 Land $191,900 Building $792,300

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

FEMA maps place 119 E Welcome Ave in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective March 11, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies3 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Wildfire risk around 119 E Welcome Ave is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 98% of the US · lower than 92% of Minnesota
Wildfire LikelihoodUnder 0.01% annual chance
ExposureDirect
burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemMankato
serves 42,803 people · EPA ID MN1070009
Water SourceGroundwater influenced by surface water
Last State InspectionAug 2025
Lead2 ppb (2023–2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 238 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Fidium Fiber
Fiber
2,000 / 2,000
Spectrum
Cable
1,000 / 1,000
Verizon
Fixed Wireless
300 / 20
GigFire
Fixed Wireless
150 / 130
Midco
Fixed Wireless
100 / 20

May also be available: AT&T, Metronet.

Nearby Properties on E Welcome Ave

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