$440,000
SOLD MAY 7, 2026

2128 Cedar Ln Mound, MN 55364

Mound Area
4 Beds
2 Baths
2,092 Sq Ft
0.29 Acre Lot

Sale Details

Date Sold: May 7, 2026

$210 Per Sq Ft

16% Below List Price

48 Days on Market

Highlights

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

About This Home

As of May 2026

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.

Last Agent to Sell the Property

Robert Beutler

National Realty Guild Listed on: 02/18/2026

National Realty Guild

Last Buyer's Agent

Mali Ith

Edina Realty, Inc.

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

  • Duplex
  • Split Level Home
  • Block Foundation
  • Frame Construction
  • Block Exterior
  • Vinyl Siding

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

  • Tenant pays for all utilities
  • 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
  • Property Subtype 1: Duplex Side by Side
  • Outside Features: Vinyl
  • 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
  • Foundation Details: Block
  • 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
  • Waterfront YN: No
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2026
Closed on
May 7, 2026
Sold by
Bought by
Seller's Agent
Robert Beutler
National Realty Guild
Buyer's Agent
Mali Ith
Edina Realty, Inc.
List Price
$525,000
Sold Price
$440,000
Premium/Discount to List
-$85,000
-16.19%
Views
68

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
0.0638%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
0.0356%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $440,000 Clear Skye Title
Deed $204,000 Custom Home Builders Title L
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $330,000 New Conventional
Previous Owner $153,000 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/07/2026 05/07/26 Sold $440,000 -2.2% $210 / Sq Ft
04/10/2026 04/10/26 Pending -- -- --
03/06/2026 03/06/26 Price Changed $450,000 -14.3% $215 / Sq Ft
02/21/2026 02/21/26 For Sale $525,000 -- $251 / Sq Ft
Source: NorthstarMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $5,312 $385,200 $91,000 $294,200
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

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 7020651

NorthstarMLS

APN: 13-117-24-31-0075

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