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  • $555,000

    1082 5th St SE, Forest Lake, MN 55025

    6beds
    4baths
    3,696sqft
    : 
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    Duplex Side by Side
    Built in 1995
    -- sqft lot
    $-- Zestimate®
    $150/sqft
    $-- HOA

    What's special

    Exceptional Investment Opportunity | Forest Lake Side-by-Side Duplex | 6 BD / 4 BA Discover the perfect blend of modern living and smart investing with this beautifully updated side-by-side duplex nestled in sought-after Forest Lake. Each thoughtfully designed unit offers a stylish split-level layout featuring three bedrooms and two bathrooms, delivering the space and comfort that today's renters and homeowners demand. The upper level of each unit is home to a serene primary bedroom retreat complete with a generous walk-in closet, while two additional bedrooms on the lower level provide flexible space for family, guests, or a home office. Both units are finished with a fresh, modern aesthetic that sets them apart from the competition — think clean lines, updated finishes, and move-in ready appeal throughout. Convenient in-unit laundry rooms on the lower level of each unit add the everyday functionality that tenants love and that commands premium rents. Whether you're a savvy investor looking to maximize your portfolio with two income-producing units, or a buyer seeking the rare chance to live in one unit while your tenant's rent offsets your mortgage, this property delivers unmatched financial flexibility. Opportunities like this — turnkey, updated, and ideally situated in one of the north metro's most desirable lake communities — simply don't last long in today's market.
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    Zillow last checked:

    Listing updated:

    Listed by:

    Spencer A Hutton 612-868-4738,

    Engel & Volkers Minneapolis Downtown

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7110419MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      Heating
      • Baseboard
      Appliances
      • Laundry: In Basement, In Unit
      Features
      • Basement: Finished,Full
      Interior area
      • Total structure area: 3,696
      • Total interior livable area: 3,696 sqft
      • Finished area above ground: 1,848
      • Finished area below ground: 1,848

      Property

      Parking
      • Total spaces: 4
      • Parking features: Attached, Concrete, Garage Door Opener
      • Attached garage spaces: 4
      • Has uncovered spaces: Yes
      • Details: Garage Dimensions (24x24), Garage Door Height (7), Garage Door Width (16)
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Multi/Split
      • Patio & porch: Deck
      • Fencing: None
      Lot
      • Size: 10,105 Square Feet
      • Dimensions: 69 x 140
      • Features: Irregular Lot, Tree Coverage - Medium
      Details
      • Foundation area: 1848
      • Parcel number: 0903221330127
      • Zoning description: Residential-Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex Side by Side
      Materials
      • Block, Frame
      • Roof: Age 8 Years or Less,Asphalt
      Condition
      • New construction: No
      • Year built: 1995

      Utilities & green energy

      • Gas: Electric
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Fred Richters Forest Lake Add
      HOA
      • Amenities included: None
      Location
      • Region: Forest Lake

      Financial & listing details

      • Price per square foot: $150/sqft
      • Tax assessed value: $306,100
      • Annual tax amount: $5,758
      • Date on market: 7/15/2026
      • Cumulative days on market: 57 days
      • Tenant pays: Electricity, Other, Trash Collection
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,723/mo

        Price history

        DateEventPrice
        7/15/2026Listed for sale$555,000-1.8%$150/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7110419 Report a problem
        7/10/2026Listing removed$565,000$153/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7045525 Report a problem
        6/4/2026Price change$565,000-2.4%$153/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7045525 Report a problem
        5/15/2026Listed for sale$579,000+46.2%$157/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7045525 Report a problem
        4/1/2022Sold$396,000-1%$107/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6155705 Report a problem
        3/16/2022Pending sale$399,900+33.3%$108/sqft
        Source: NorthstarMLS as distributed by MLS GRID #6155705 Report a problem
        2/21/2022Listing removed--
        Source: Zillow Rental Manager Report a problem
        2/18/2022Listed for rent$1,695
        Source: Zillow Rental Manager Report a problem
        9/7/2020Listing removed$1,695
        Source: Zillow Rental Manager Report a problem
        8/27/2020Price change$1,695-5.6%
        Source: Zillow Rental Manager Report a problem
        8/17/2020Listed for rent$1,795
        Source: Zillow Rental Manager Report a problem
        6/15/2020Sold$300,000$81/sqft
        Source: NorthstarMLS as distributed by MLS GRID #5568380 Report a problem
        5/18/2020Listed for sale$300,000$81/sqft
        Source: Realty Group LLC #5568380 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2018$4,458 $306,100 +9.6%
        2017$4,458 +12.4%$279,300 +2.6%
        2016$3,966 -1.3%$272,100 +3.5%
        2015$4,020 $262,900 +12.2%
        2013$4,020 +23.9%$234,400 +11.9%
        2012$3,244 $209,500 -12.6%
        2011$3,244 +1.8%$239,800 -14.4%
        2010$3,188 -4.1%$280,100
        2009$3,324 +1%--
        2008$3,292 +5.8%--
        2007$3,112 +3.3%--
        2006$3,012 -1.3%--
        2005$3,051 +5%--
        2004$2,907 +0.6%--
        2003$2,891 -10.4%--
        2002$3,228 -13.6%--
        2001$3,734 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 55025

        Getting around

        58 / 100
        Somewhat Walkable
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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