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  • $860,000

    5243 Eden Rd, Mound, MN 55364

    8beds
    4baths
    8,016sqft
    : 
    $5,696/mo
    Get pre-qualified
    Fourplex
    Built in 1985
    -- sqft lot
    $831,700 Zestimate®
    $107/sqft
    $-- HOA

    What's special

    Exceptional Fourplex Investment Opportunity in Mound – Live in One, Rent the Others! Discover the possibilities at 5271 Eden Road in Mound, an exciting opportunity for investors and owner-occupants alike! This fourplex offers the potential to build long-term wealth through rental income while providing the unique opportunity to live in one unit and rent out the remaining three. Whether you’re expanding your real estate portfolio, looking to offset your monthly housing expenses, or exploring your first multi-unit investment, this property offers an appealing combination of flexibility and income potential. Located in the desirable Lake Minnetonka community of Mound, this property puts you in a setting that blends small-town charm with outdoor recreation and convenient access to the greater Twin Cities. Enjoy the nearby Dakota Rail Regional Trail for biking, walking, and scenic lake-country views, along with Mound’s many parks, beaches, and opportunities to enjoy the outdoors. Surfside Park & Beach provides a popular lakeside destination, while local restaurants, shops, and community events add to the area’s welcoming hometown atmosphere. Mound’s connection to Lake Minnetonka is a standout feature, offering a lifestyle that residents can enjoy throughout the seasons. With Minneapolis approximately 20 miles away, the area provides a balance of lakeside living and access to metropolitan amenities. Whether you’re an experienced investor seeking another income-producing asset or a buyer ready to let rental income help make homeownership more attainable, this fourplex is an opportunity worth exploring. Invest in the potential, enjoy the lifestyle, and discover the possibilities of owning a multi-unit property in the Lake Minnetonka area!
    11 days
    385
    29

    Zillow last checked:

    Listing updated:

    Listed by:

    Aaron R Schumm 612-991-1155,

    Reimagine Real Estate

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7159747MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Forced Air
      Appliances
      • Laundry: In Unit
      Features
      • Basement: Partially Finished
      Interior area
      • Total structure area: 8,016
      • Total interior livable area: 8,016 sqft
      • Finished area above ground: 8,016
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 16
      • Parking features: Tuckunder Garage
      • Attached garage spaces: 16
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Multi/Split
      Lot
      • Size: 0.41 Acres
      • Dimensions: 125 x 288
      Details
      • Foundation area: 7200
      • Parcel number: 1311724340114

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Fourplex
      Condition
      • New construction: No
      • Year built: 1985

      Utilities & green energy

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

      Community & HOA

      Community
      • Subdivision: Shirley Hills Unit F
      Location
      • Region: Mound

      Financial & listing details

      • Price per square foot: $107/sqft
      • Tax assessed value: $734,000
      • Annual tax amount: $10,121
      • Date on market: 10/15/2026
      • Cumulative days on market: 13 days

        Estimated market value

        $831,700

        $790,000 - $873,000

        $1,982/mo

        Price history

        DateEventPrice
        10/15/2026Listed for sale$860,000+22.9%$107/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7159747 Report a problem
        9/19/2009Listing removed$699,900+19.6%$87/sqft
        Source: Edina Realty #3547204 Report a problem
        9/1/2009Sold$585,000-16.4%$73/sqft
        Source: Lake Superior Area Realtors as distributed by MLS GRID #1686400 Report a problem
        9/23/2008Price change$699,900-6.7%$87/sqft
        Source: Edina Realty #3547204 Report a problem
        8/25/2008Price change$749,900-5.7%$94/sqft
        Source: Edina Realty #3547204 Report a problem
        7/12/2008Listed for sale$795,000$99/sqft
        Source: Edina Realty #3547204 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026$10,121 +2.6%$734,000
        2025$9,869 +10.5%$734,000
        2024$8,929 +19.1%$734,000 +4.9%
        2023$7,496 -2%$700,000 +12.5%
        2022$7,648 +6.5%$622,000 +16.7%
        2021$7,184 +1.4%$533,000 +6.8%
        2020$7,083 -1.4%$499,000 +9%
        2019$7,184 +1.4%$458,000 +16.2%
        2018$7,083 +14.3%$394,000 +17.6%
        2017$6,195 +9.4%$335,000 +8.1%
        2016$5,662 +0.4%$310,000 +3.3%
        2015$5,638 -1.2%$300,000 +11.1%
        2014$5,708 +14.2%$270,000
        2013$4,997 +7.3%$270,000
        2012$4,655 +13.1%$270,000
        2011$4,116 -0.1%$270,000 -10%
        2010$4,121 -47%$300,000 -29.4%
        2009$7,783 +51.3%$425,000 +13.3%
        2006$5,143 +6.8%$375,000 +15%
        2005$4,816 -49.2%$326,000 -47.5%
        2004$9,475 -15.5%$621,000 +10.1%
        2002$11,210 -20.3%$564,000
        2001$14,060 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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.
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        Climate risks

        Neighborhood: 55364

        Getting around

        50 / 100
        Car-Dependent
        64 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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