For Sale: Lakeville MLS# 7154448
Active Contingent
$575,000
Multi-family: Duplex Side by Side
6 br • 4 ba • Built 1977
3,332 sqft • 0.83 acres
Lakeville schools
MLS# 7154448
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Welcome to this well-maintained duplex on a quiet cul-de-sac in the 194 Lakeville School District! This versatile property is ideal for an owner-occupant, multi-generational living, or an investor looking for rental potential. Both units are 3 bedroom, 2 bath, 2 car garage, and feature vaulted ceilings, open floor plans, main-level primary bedrooms, finished lower levels, and walkout access to the spacious 0.83 acre backyard. Recent improvements include a new roof and gutters (2026), fresh upstairs interior paint, waterproof LVP flooring in the kitchens and entryways, updated bathroom fixtures and lighting, new vanity mirrors, and new landscaping rock. The electrical system was upgraded in 2024 with a new 200-amp panel, and both asphalt driveways were replaced in 2024. Upstairs carpet and a downstairs refrigerator were replaced in 2022.
One unit features an updated kitchen with new flooring, cabinetry, granite countertops, and breakfast bar, plus upgraded bathrooms. Both units offer two-car attached garages with direct home access. The large yard provides room for entertaining, recreation, and play, with full fencing and a wooded area for added privacy. A large play area on the north side of Unit 1 adds even more outdoor space. A great opportunity to own a flexible duplex with extensive recent updates and excellent space inside and out!
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$575,000
Price per sq ft:
$173
Property Type:
Multi-family
City:
Lakeville
Garage Spaces:
4
County:
Dakota
Year Built:
1977
State:
MN
Property Style:
Duplex Side by Side
Zip Code:
55044
Interior
Bedrooms:
6
Bathrooms:
4
Finished Area:
3,332 ft2
Living Area:
3,332 ft2
Refrigerators:
One Per Unit
Basement Details:
- Block
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Walkout
Exterior
Stories:
One
Garage Spaces:
4
Garage Dimensions:
23.5x21.5
Garage Size:
505 ft2
Garage Door Height:
7
Garage Door Width:
16
Foundation Size:
1,428 ft2
Fencing:
Chain Link
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Asphalt
- Attached Garage
- Garage Door Opener
Road Frontage:
- City Street
- Cul De Sac
- Curbs
Exterior Material:
Frame
Pool:
None
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Laundry:
- In Basement
- Lower Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.83
Geolocation:
44.6934186046, -93.255933538
Lot Dimensions:
Irregular
Zoning:
Residential-Multi-Family
Lot Description:
- Tree Coverage - Medium
- Underground Utilities
Schools
School District:
194
District Phone:
9522322000
Expenses
Annual Caretaker Expense:
$1,920
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$3,104
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Trash Collection
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$7,624
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$7,624
Income
Annual Gross Income:
$52,820
Rent
Annual Net Income:
$45,296
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
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!
Listing provided by RMLS,
courtesy of Keller Williams Realty Integrity.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.