Rare opportunity to own a duplex in the highly sought-after Minnetonka area! This turn-key property offers the perfect blend of investment potential and prime location. Situated on a large lot, it provides easy access to local amenities, shopping, and dining. Featuring 2 bedrooms and 2 bathrooms in each unit, a two stall garage and an added 400 finished square feet above the garage to rent out separately (estimated additional $500/mo). One unit currently leased at $1,900/mo. 2nd unit previously rented at $2,215/mo. Tons of quality updates including a new roof (2021), two new furnaces, AC unit, washer and dryer machines, and dishwasher all in 2023. Although this duplex is turn-key and ready to rent, it boasts the option to value-add with the ability to finish out basements and add egress windows, increasing finished square feet and rental income. Enjoy the advantage of rental income while living in one of Minnesota's most desirable suburbs.
Closed
$608,400
12928 Excelsior Blvd, Minnetonka, MN 55343
4beds
4baths
2,629sqft
Multi Family
Built in 1952
-- sqft lot
$594,700 Zestimate®
$231/sqft
$2,369 Estimated rent
Home value
$594,700
$553,000 - $636,000
$2,369/mo
Zestimate® history
Owner options
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$2,369/mo
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$3,871/mo
Est. payment
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$3,871/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jamie Bolinger 507-837-9334,
Rize Realty
Bought with:
Jen Azure
Engel & Volkers Prior Lake
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6581341
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air
Appliances
- Laundry: In Basement, Sink, In Unit
Features
- Basement: Block,Partially Finished
Interior area
- Total structure area: 2,629
- Total interior livable area: 2,629 sqft
- Finished area above ground: 2,010
- Finished area below ground: 619
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Gravel, Shared Driveway, Garage Door Opener
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Grab Bars In Bathroom
Features
- Levels: One
- Patio & porch: Covered, Enclosed, Patio, Porch, Rear Porch, Screened
Lot
- Size: 0.33 Acres
- Dimensions: 86 x 196
- Features: Tree Coverage - Medium
Details
- Foundation area: 1494
- Additional parcels included: 2711722110028
- Parcel number: 2711722110029
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Age 8 Years or Less
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minnetonka
- Subdivision: Registered Land Surv #184 Tr E
Price history
| Date | Event | Price |
|---|---|---|
| 11/14/2024 | Listing removed | $2,100$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/29/2024 | Price change | $2,100-4.5%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/16/2024 | Price change | $2,200-6.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/12/2024 | Listed for rent | $2,350+6.1%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/10/2024 | Sold | $608,400+5.1%$231/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6581341 Report a problem | ||
| 8/18/2024 | Pending sale | $579,000$220/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6581341 Report a problem | ||
| 8/9/2024 | Listed for sale | $579,000+382.9%$220/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6581341 Report a problem | ||
| 7/23/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/16/2024 | Listed for rent | $2,215$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/24/2023 | Listed for rent | $2,215+5.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/16/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/9/2022 | Price change | $2,095-1.4%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/28/2022 | Listed for rent | $2,125+70%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/1/2017 | Listing removed | $1,250 |
Source: Owner Report a problem | ||
| 5/24/2017 | Listed for rent | $1,250+14.2% |
Source: Owner Report a problem | ||
| 4/8/2014 | Listing removed | $1,095 |
Source: Postlets Report a problem | ||
| 12/31/2013 | Listed for rent | $1,095 |
Source: Postlets Report a problem | ||
| 4/25/1994 | Sold | $119,900$46/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,323 +4.8% | $569,200 +16.3% |
| 2024 | $6,989 +21.3% | $489,300 +0.9% |
| 2023 | $5,761 +9.4% | $485,000 +19.7% |
| 2022 | $5,265 +4.3% | $405,300 +18% |
| 2021 | $5,046 -0.3% | $343,500 +3% |
| 2020 | $5,062 +0.3% | $333,500 +5% |
| 2019 | $5,046 -0.3% | $317,500 +16.1% |
| 2018 | $5,062 +19.4% | $273,500 +13.8% |
| 2017 | $4,240 +6.5% | $240,400 +2% |
| 2016 | $3,981 -1% | $235,700 +2% |
| 2015 | $4,021 -0.6% | $231,100 +2% |
| 2014 | $4,045 -0.4% | $226,600 -1% |
| 2013 | $4,061 +1.9% | $228,800 -1% |
| 2012 | $3,985 +1.7% | $231,000 -4.6% |
| 2011 | $3,920 -3.1% | $242,200 -11.5% |
| 2010 | $4,046 +1.9% | $273,600 -5% |
| 2009 | $3,969 +48.6% | $288,000 +19.5% |
| 2006 | $2,672 +15.2% | $241,000 +13.8% |
| 2005 | $2,320 +9.2% | $211,800 +15% |
| 2004 | $2,124 +9.5% | $184,200 +12% |
| 2002 | $1,941 -26.7% | $164,500 |
| 2001 | $2,649 | -- |
Find assessor info on the county website
Neighborhood: 55343
Nearby schools
GreatSchools rating
- 7/10Glen Lake Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 5/10Hopkins West Junior High SchoolGrades: 6-8Distance: 1 mi
- 8/10Hopkins Senior High SchoolGrades: 9-12Distance: 3.2 mi
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Estimated market value
$594,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$594,700
- Minnesota
- Hennepin County
- Minnetonka
- 55343
- 12928 Excelsior Blvd
Nearby cities
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