122 E University Street

Owatonna, MN
$ 279,900 Beds 3 Baths 2 Sq 2,046
Monthly Estimate* How much can I afford?

Step into the charm and character of this beautifully maintained 1.5-story home, built in 1916 and filled with timeless details throughout. Stunning original woodwork, classic craftsmanship, and warm inviting spaces make this home truly special. The formal dining room features a beautiful built-in hutch, creating the perfect setting for gatherings and entertaining. The updated kitchen blends modern convenience with the home’s historic charm. The screened-in front porch is perfect for morning or evening relaxation. The main floor living room will welcome all that enter. The main level family room gives flexible extra space that can be a family room, playroom or office with the convenience of laundry space on the main floor. Upstairs, you will find 3 bedrooms with great character and natural light. The lower-level walkout family room provides even more additional living space perfect for entertaining, hobbies, or simply relaxing. This home offers the perfect blend of historic charm, thoughtful updates, and comfortable living spaces both inside and out. The roof was replaced in 2025 and new gutters installed. The house has had electrical service updated.

Single Family

  • Price
  • $ 279,900
  • City
  • Owatonna
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • STEELE
  • Half Bathrooms
  • 0
  • Area
  • Phelps Add
  • Lot Size
  • 0.208 Acres
  • Zip
  • 55060
  • Sqr Footage
  • 2,046
  • Year Built
  • 1916
  • Taxes
  • $ 3798
  • Style
  • Single Family
  • MLS#
  • 7071384
Listed By: RE/MAX Venture
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 2046
Sewer City Sewer/Connected
Heating Boiler
Cooling Window Unit(s)
Roof Age 8 Years or Less,Asphalt
Appliances Dishwasher,Dryer,Gas Water Heater,Range,Refrigerator,Washer,Water Softener Owned
Garage Spaces 1
Construction Materials Frame
Year Built 1916
Electric Circuit Breakers
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Steele
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Phelps Add
Full Baths 1
Directions Main Street to Cedar Ave,South on Cedar Ave,East on University Street to property.
City Owatonna
High School District Owatonna
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3798
Additional Parcels Y/N No
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Hardwood Floors,Kitchen Window,Natural Woodwork,Paneled Doors,Porch,Walk-In Closet
PostalCity Owatonna

Interior Features

Basement Crawl Space,Partially Finished,Storage Space,Walkout
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1836
3/4 Baths 1
Laundry Features Main Level
Total Bedrooms 3
Below Grade Finished Area 210
Total Baths 2
Bath Desc Main Floor 3/4 Bath,Upper Level Full Bath
Dining Room Description Separate/Formal Dining Room
Fuel Natural Gas
Garage Square Feet 320

Exterior Features

Parking Features Detached Garage,Asphalt,Garage Door Opener
Lot Features Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.208
Building Area Total 3154
Lot Dimensions 56 x 155
Waterfront Y/N No
Foundation Area 940
Road Frontage Type City Street,Curbs,Paved Streets
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/11/2026 Listed $284,900
6/26/2026 2% - $279,900

Property vs Zip Code Average in 55060

Price
AVG $360K
$280K
Taxes
AVG $4,065
$3,798
Year Built
AVG 1977
1916
Visits
AVG 83
229
Data Provided by Inside Real Estate®

122 E University Street Owatonna, MN is a Single Family Home for sale at $279900 with 2046 sqft and a lot size of 0.208 Acres Acre(s). 122 E University Street Owatonna has 3 bedrooms, 2 baths and was built in 1916. The property's zip code is 55060 which is in Owatonna, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.