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$574,900

6 Beds 2 / 2 Full / Half Baths 2,230 SQFT 0.46 Acres
Type: Multi-Family

5570 & 5580 Shorewood Lane
Excelsior, MN 55331

MLS#: 7157563
Mick Moore
Mick Moore
The Real Estate Advantage
Agent
Phone: 651.485.1585
Office: 952.253.5600
Presented by: Keller Williams Premier Realty Lake Minnetonka

Property Description

 

Exceptional investment and lifestyle opportunity in the heart of Shorewood! This outstanding duplex is ideally located just steps from the Lake Minnetonka Regional Trail, offering direct access into downtown Excelsior where you’ll enjoy restaurants, boutique shopping, and vibrant lake life year-round. Walk or bike to nearby Tonka Bay for additional dining favorites including Hazelwood and Joey Nova’s. Whether you’re an investor or owner-occupant, this property offers a rare income-producing opportunity with strong rental potential while enjoying one of Lake Minnetonka’s most desirable communities. Both units have been extensively updated and well maintained. Major exterior improvements completed in 2010 include new columns, shutters, paint, professional landscaping, and a brand new roof being installed! Recent 2026 updates bring a fresh, modern feel throughout with new carpet, luxury vinyl plank flooring, full interior paint, updated light switches, painted garage and utility floors, and new appliances. Additional mechanical updates include newer furnaces installed within the past five years, providing added efficiency and peace of mind. Enjoy low-maintenance ownership, thoughtful updates, and an unbeatable location near trails, dining, and the best of Lake Minnetonka living.


 

Interior Features

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1,560 sqft
BasementFinished, Full
Basement (Y/N)Yes
Below Grade Finished Area670 sqft
FuelNatural Gas
Garage Square Feet484
Laundry FeaturesLower Level, Laundry Room

General

AccessibilityNone
Additional Parcels Y/NNo
CityExcelsior
ContingencyNone
CountyHennepin
DirectionsCo. Rd. 9 to Shorewood Lane to duplex on left.
Electric Expense1
Fuel Expense1
Garage Spaces2
Gross Income48000
HeatingForced Air
High School DistrictMinnetonka
Insurance Expense1
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Living Area2,230 sqft
Lot Size UnitsAcres
MaintenanceExpense1000
Net Operating Income45000
New ConstructionNo
Number Of Units Total2
Operating Expense3000
Pool FeaturesNone
PostalCityExcelsior
Property SubtypeDuplex Side by Side
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Tax Annual Amount$7,026
Tax Year2026
Trash Expense1
Virtual TourClick here
Water Sewer Expense1
Year Built1968
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,510 sqft
FencingNone
Foundation Area950 sqft
Lot Dimensions135x329x421x140
Lot FeaturesIrregular Lot, Tree Coverage - Heavy
Lot Size Area0 sqft
Parking FeaturesAttached Garage, Asphalt
Road Frontage TypeCity Street
Water SourceWell
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School N/A

  

Similar Properties

$574,900

6 Beds 2 / 2 Full / Half Baths 2,230 SQFT 0.46 Acres
Type: Multi-Family

5570 & 5580 Shorewood Lane
Excelsior, MN 55331

MLS#: 7157563
Mick Moore
Mick Moore
The Real Estate Advantage
Agent
Phone: 651.485.1585
Office: 952.253.5600