Nearly 1,000 sq ft of garage space + rental license = rare opportunity in Lower North Mankato. Welcome to 740 Belgrade Avenue—an opportunity-packed property offering flexibility, character, and functionality in a prime location. The upper level features two bedrooms, including a spacious primary bedroom with a walk-in closet and an attached bonus room. The bonus room includes its own walk-in closet and offers excellent flexibility for a home office, nursery, dressing room, or private retreat. (Note: bonus room does not have direct hallway access.) The second bedroom also features its own walk-in closet. A full bathroom upstairs showcases a clawfoot tub with shower sprayer, adding timeless character. You'll find original hardwood floors on both the main and upper levels, recently revarnished, along with a freshly repainted interior that enhances the home's bright, clean feel. The main level includes a welcoming living room with a wood-burning fireplace and coat closet, plus a kitchen with an additional pantry area for generous storage. The lower level expands your living options with a large den featuring an egress window, a dedicated laundry room, a half bathroom tucked under the stairs, and a separate walk-in shower space, along with an additional storage room. One of the property's most notable features is the garage space—nearly 1,000 square feet in total, including an oversized two-stall garage that is insulated and drywalled, plus an additional one-stall garage. This setup offers exceptional flexibility for storage, hobbies, workshop use, or potential income opportunities. Situated in a prime Lower North Mankato location, this home provides convenient access to Highway 169 and downtown Mankato, making it ideal for both owner-occupants and investors alike.