$525,000

2128 Cedar Ln Mound, MN 55364

Estimated payment $3,127/month

Total Views 1,277
4 Beds
2 Baths
2,092 Sq Ft
$251 Price per Sq Ft

Highlights

  • Lake View
  • Deck
  • Baseboard Heating
  • Hilltop Primary School Rated A
  • Patio

About This Home

Rare Lake Area Duplex – Prime Investment Opportunity Hard-to-find side-by-side duplex in the heart of Mound offering strong income potential in a high-demand Lake Minnetonka location. Duplex inventory here is limited, making this a strategic long-term hold or ideal house-hack opportunity. Each unit features private in-unit laundry and a one-car attached garage — high-demand amenities that attract quality tenants. Enjoy a flat, private, lightly wooded backyard, lake views, and a location just steps from the water and close to downtown Mound’s shopping and dining. 2128 unit has been fully remodeled with a bright, open floor plan and turnkey appeal — perfect for an owner-occupant while generating income from the second unit. Income. Scarcity. Location. Long-term upside.

Listing Agent

Bob Beutler

National Realty Guild Listed on: 02/18/2026

National Realty Guild

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,161

Year Built

  • Built in 1979

Lot Details

  • Lot Dimensions are 110x120
  • Chain Link Fence
  • Few Trees

Parking

  • 2 Car Garage
  • Tuck Under Garage

Home Design

  • Split Level Home
  • Frame Construction
  • Block Exterior

Interior Spaces

  • Lake Views
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Baseboard Heating

Community Details

  • 2 Units
  • Abraham Lincoln Add Lake Side Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1311724310075

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,161

Year Built

Built in 1979

Lot Details

0.29 Acres

Parking

2

Listing Details

  • Type: Residential Income
  • Garage Spaces: 2
  • Accessibility Features: None
  • Water Source: City Water - In Street
  • Association Amenities: Patio
  • Year Built: 1979
  • Above Grade Finished Sq Ft: 1792
  • Unit Levels: Three Level Split
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Living Area: 2092
  • Below Grade Finished Sq Ft: 300
  • Basement YN: Yes
  • Amenities: Patio, Washer/Dryer Hookup
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • FamilyRoomRoomFeatures: Family Room, Lower Level
  • Amenities: Patio, Washer/Dryer Hookup
  • Appliances: Dishwasher, Dryer, Water Heater - Electric, Range, Refrigerator, Washer
  • FamilyRoomRoomFeatures: Lower Level

Beds/Baths

  • Total Bedrooms: 4

Exterior Features

  • Roof: Asphalt
  • PoolFeatures: None
  • Fencing: Chain Link
  • PatioPorchType: Deck, Patio

Garage/Parking

  • Parking Features: Tuckunder Garage
  • Carport Spaces: 4

Utilities

  • Heating: Baseboard
  • Sewer: City Sewer - In Street
  • LaundryFeatures: In Unit
  • Electric: Circuit Breakers
  • Fuel: Electric

Schools

  • Junior High Dist: Westonka
  • SchoolDistrictPhone: 9524918001

Lot Info

  • Topography: Level
  • Lot Size: 110x120
  • Land Lease: No
  • Lot Features: Tree Coverage - Medium
  • Additional Parcels: No
  • Zoning Description: Residential-Multi-Family
  • AssessmentPending: No
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Block, Frame
  • Units Total: 2

Tax Info

  • Tax Year: 2025
  • Assessor Parcel Number: 1311724310075
  • Tax Annual Amount: 5161
  • TaxWithAssessments: 5161

Multi Family

  • TenantPays: All Utilities
  • WaterfrontFeatures: Lake View
  • Number Of Refrigerators: Two

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,161 $383,800 $91,000 $292,800
2023 $5,209 $408,300 $117,000 $291,300
2022 $4,362 $392,000 $114,000 $278,000
2021 $4,391 $304,000 $82,000 $222,000
2020 $4,191 $305,000 $92,000 $213,000
2019 $4,537 $271,000 $70,000 $201,000
2018 $3,628 $235,000 $45,000 $190,000
2017 $3,482 $206,000 $47,000 $159,000
2016 $3,147 $179,000 $47,000 $132,000
2015 $3,136 $177,000 $47,000 $130,000
2014 -- $154,000 $47,000 $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2026 02/21/26 For Sale $525,000 -- $251 / Sq Ft
Source: NorthstarMLS

Source: NorthstarMLS

MLS Number: 7020651

NorthstarMLS

APN: 13-117-24-31-0075

Your Personal Tour Guide

Ask me questions while you tour the home.