Home Call Us About Login
Map Search Area Search MLS#/Addr Featured New Const. Local Info
My Account Buying Selling Title Mortgage Inspections

For Sale:  Mound MLS# 7020651

My notes for this property


Add listing to my favorites (required)
Active
$525,000
/mo Edit
Multi-family:  Three Level Split
4 br • 2 ba • Built 1979
2,092 sqft • 0.29 acres
MLS# 7020651
763-576-8286
My rating:
Favorite
Ask Question
Request a Showing  
Agent
Ask the Agent℠

Ask the Agent℠

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Terms & Conditions






    Thank You!

    An agent will be in contact with you soon to answer your question.

    Property Description

    Rare Lake Area Duplex – Prime Investment Opportunity Hard-to-find side-by-side duplex in the heart of Mound offering strong income potential in a high-demand Lake Minnetonka location. Duplex inventory here is limited, making this a strategic long-term hold or ideal house-hack opportunity. Each unit features private in-unit laundry and a one-car attached garage — high-demand amenities that attract quality tenants. Enjoy a flat, private, lightly wooded backyard, lake views, and a location just steps from the water and close to downtown Mound’s shopping and dining. 2128 unit has been fully remodeled with a bright, open floor plan and turnkey appeal — perfect for an owner-occupant while generating income from the second unit. Income. Scarcity. Location. Long-term upside.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $525,000
    Price per sq ft: $251
    Property Type: Multi-family
    City: Mound
    Garage Spaces: 2
    County: Hennepin
    Year Built: 1979
    State: MN
    Property Style: Three Level Split
    Zip Code: 55364
    Subdivision Name: Abraham Lincoln Add Lake Side Park

    Interior

    Bedrooms: 4
    Bathrooms: 2
    Finished Area: 2,092 ft2
    Living Area: 2,092 ft2
    Refrigerators: Two
    Basement Details: Full

    Exterior

    Stories: Three Level Split
    Garage Spaces: 2
    Garage Dimensions: 12x18
    Garage Size: 240 ft2
    Garage Door Height: 7
    Garage Door Width: 12
    Foundation Size: 1,792 ft2
    Fencing: Chain Link
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features: Tuckunder Garage
    Shared Amenities: Patio
    Road Frontage: City Street
    Exterior Material:
    • Block
    • Frame
    Pool: None
    Roof Details: Asphalt

    Rooms

    Laundry: In Unit

    Lake & Waterfront

    Waterfront: Lake View

    Lot & Land

    Acres: 0.29
    Geolocation: 44.940203, -93.660923
    Lot Dimensions: 110 x 120
    Zoning: Residential-Multi-Family
    Lot Description: Tree Coverage - Medium

    Farm

    Topography: Level

    Schools

    School District: 1250
    District Phone: 9524918001

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: All Utilities

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $5,161
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,161

    Income

    Annual Gross Income: $37,400

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer - In Street
    Water System: City Water - In Street

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

    Apply Online     Contact Eric     Subscribe to My Newsletter    

    Listing provided by RMLS, courtesy of National Realty Guild.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.