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For Sale:  Shorewood MLS# 6769624

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Active NEW!
$400,000
/mo Edit
Multi-family:  Duplex Side by Side
Built 1951
1,644 sqft • 0.83 acres
Minnetonka schools
MLS# 6769624
763-576-8286
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    Property Description

    Rare Duplex Opportunity in Highly Sought-After Shorewood! Don’t miss this exceptional investment or redevelopment opportunity just minutes from vibrant downtown Excelsior. Situated on a generous tree lined.83-acre lot, this side-by-side duplex features two units, each offering 2 bedrooms and 1 full bath—ideal for rental income, multi-generational living, or future new construction. This is a prime location with close proximity to Lake Minnetonka, Excelsior’s dining, shopping, parks, and top-tier Minnetonka schools—making it incredibly attractive to both tenants and future homeowners. Zoned for flexibility, this property offers rare potential to hold as an income property or build your dream home in a location where options like this rarely come up. Showings require 2 hour notice as property is tenant-occupied. This is the property you’ve been waiting for—an unbeatable location, generous lot, and future potential. Act fast!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $400,000
    Price per sq ft: $243
    Property Type: Multi-family
    City: Shorewood
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1951
    State: MN
    Property Style: Duplex Side by Side
    Zip Code: 55331

    Interior

    Finished Area: 1,644 ft2
    Living Area: 1,644 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Full
    • Storage Space
    • Sump Basket
    • Sump Pump
    • Unfinished

    Exterior

    Stories: One
    Garage Spaces: 0
    Foundation Size: 1,644 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Gravel
    • Guest Parking
    • Open
    • Shared Garage/Stall
    Road Frontage: City Street
    Exterior Material: Fiber Cement
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Lot & Land

    Acres: 0.83
    Geolocation: 44.899264, -93.5963
    Lot Dimensions: 36155 SF
    Zoning: Residential-Multi-Family
    Lot Description: Many Trees

    Farm

    Topography: Level

    Schools

    School District: 276
    District Phone: 952-401-5000

    Expenses

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

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $4,353
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $4,353

    Income

    Annual Gross Income: None

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System:
    • City Water/Connected
    • Well

    Mortgage Calculator

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    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!

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