If you've been dreaming of small town living with lake views and easy access to Mankato, this Madison Lake home is full of opportunity. Located within walking distance to Madison Lake, The Landing, and convenient local stores, you'll love the charm of this community and the lifestyle it offers. Morning walks to the lake, dinner down the street, and a quick commute to Mankato make this location hard to beat. Inside, the home is ready for someone to bring their vision and build sweat equity. The main floor features a spacious living room, dining area, office, and kitchen with access to a concrete patio. You'll also appreciate the convenience of main floor laundry with access to the back deck, where you can relax and take in views of Madison Lake overlooking the nearly half acre lot. A full bathroom completes the main level. Upstairs offers three bedrooms and another full bathroom, providing great separation of space. The basement houses the mechanicals and offers additional storage space. Outside, the almost half acre lot gives you room to garden, play, or simply enjoy the peaceful setting. A one stall detached garage adds extra storage and functionality. If you're looking for an affordable way to get into a great location and make a home your own, this property is packed with potential and ready for its next chapter.