157 E Welcome Ave, Mankato, MN 56001 Property Records

Blue Earth County property record for 157 E Welcome Ave, Mankato, MN 56001

Property Summary

Property Type	Apartments (5+ Units)
Details	built 1971
Lot Size	0.24 acres (10,454 sqft)
Owner	Company Name on Record
Last Sale	$905,000 (Aug 2021)
Tax Bill	$3,146 (2026)
Deeds & Mortgages	Sep 2026 Line of Credit Aug 2026 Line of Credit + 1 more
Flood Zone	Zone X (minimal risk)
APN	`R01.09.17.355.013`

Property Details

APN / Parcel Number

Primary APN	`R01.09.17.355.013`

Interior

Units	7 Units
Stories	1 Story

Exterior

Year Built	Built 1971
Effective Year Built	Effective 1971
Lot Area	10,454 sqft (0.24 acres)

Location & Zoning

Street Address	157 E WELCOME AVE
City	MANKATO
State	MN
Zip	56001-4935
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Legal Description	MEURERS SUB DIV 015 005 00
Legal Range	26
Legal Township	108
Legal Section	17
Legal Subdivision	MEURERS SUBDIVISION
Legal Block	5
Legal Lot Number	15
Jurisdiction	BLUE EARTH MN
Township / Civil Division	MANKATO
Census Block Group	1
Census Block	1005
Census Tract	171202

Owner

Source: Blue Earth County records, as of May 12, 2026

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

Owner of Record	Company Name on Record
Mailing Address	223 S BROAD ST, MANKATO, MN 56001-7060
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Sep 3, 2026	Deed of Trust, Mortgage · Line of Credit NATIONAL BANK
Aug 11, 2026	Deed of Trust, Mortgage · Line of Credit NATIONAL BANK
Aug 17, 2021	Warranty Deed, Transfer · Conventional Mortgage UNITED PRAIRE BANK

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Aug 17, 2021 · Amount on Record
Deed Sale	Aug 17, 2021 · Amount on Record
Deed Document Number	2021592CR651
Record Updated	Oct 29, 2026

September 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLUE EARTH MN
Recording Date	Sep 3, 2026
Property Address	157 E WELCOME AVE, MANKATO, MN 56001-4935
Document Number	0000627263
Instrument Date	Aug 27, 2026
Instrument	2026627263
Transaction Type	Mortgage
Record Updated	Sep 22, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	223 S BROAD ST, 103, MANKATO, MN 56001-7061

Mortgage

Document Number	0000627263,
Date	Sep 3, 2026
Instrument	2026627263

Lender

Name	NATIONAL BANK

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	60 Months
Due	Sep 5, 2031

Interest

Max Rate	-1%

August 2026: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	BLUE EARTH MN
Recording Date	Aug 11, 2026
Property Address	157 E WELCOME AVE, MANKATO, MN 56001-4935
Document Number	0000626800
Instrument Date	Aug 11, 2026
Instrument	2026626800
Transaction Type	Mortgage
Record Updated	Sep 9, 2026
Title Company	NONE LISTED ON DOCUMENT

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership, 266
Address	223 S BROAD ST, 103, MANKATO, MN 56001-7061

Mortgage

Document Number	0000626800,
Date	Aug 11, 2026
Instrument	2026626800

Lender

Name	NATIONAL BANK

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	60 Months
Due	Aug 10, 2031

Interest

Max Rate	-1%

August 2021: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	BLUE EARTH MN
Recording Date	Aug 17, 2021
Property Address	157 E WELCOME AVE, MANKATO, MN 56001-4935
Document Number	592CR651
Instrument Date	Aug 12, 2021
Instrument	592CR651
Transaction Type	Transfer
Record Updated	Sep 8, 2021
Title Company	PREMIER TITLE COMPANY, PREMIER TITLE

Transaction

Amount	Amount Recorded
Loan-to-Value (LTV)	LTV on Record
Tax	$2,986.50
Amount Accuracy	Rounded by County
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	223 S BROAD ST STE 103, 103, MANKATO, MN 56001-7061

Mortgage

Document Number	592CR652
Date	Aug 17, 2021
Instrument	592CR652

Lender

Name	UNITED PRAIRE BANK

Agreement

Type	Conventional Mortgage
Amount	Amount Recorded

Tax Assessment & Valuation

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

Property Jurisdictions

Type	Name
State	Minnesota
County	Blue Earth County
Municipality	Mankato City
Unified School District	Mankato Public School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$3,146.00 (-12.27%)	$343,500 (-7.06%) Land $59,100 Building $284,400	$343,500 (-7.06%) Land $59,100 Building $284,400
2025		$369,600 (-) Land $63,600 Building $306,000	$369,600 (-) Land $63,600 Building $306,000
2024	$3,586.00 (+5.41%)	$369,600 (-5.16%) Land $63,600 Building $306,000	$369,600 (-5.16%) Land $63,600 Building $306,000
2023	$3,402.00	$389,700 Land $65,500 Building $324,200	$389,700 Land $65,500 Building $324,200

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

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

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 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

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

Wildfire Risk	Not rated no burnable land within ember reach

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 System	Mankato serves 42,803 people · EPA ID MN1070009
Water Source	Groundwater influenced by surface water
Last State Inspection	Aug 2025
Lead	2 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None 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

Provider	Max 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.

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