5570 & 5580 Shorewood Lane Excelsior, MN $ 574,900
5570 & 5580 Shorewood Lane
$ 574,900
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5570 & 5580 Shorewood Lane

Excelsior, MN, 55331
$ 574,900
Bedrooms6 Baths2.2 Sq 2,230

Monthly Estimate*

$ 3,971

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Multi-Family Home for sale in Excelsior, MN

for $574,900 with 6 bedrooms and 2 full baths, 2 half baths. This 2,230 square foot home was built in 1968 on a lot size of 0.46.

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.

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Multi-Family Active

Price

$ 574,900

Bedrooms

6

Full Bath

2

Half Bath

2

Property Type

Multi-Family

Taxes

$ 7,026

Style

Duplex Side by Side

Lot Size

0.46

Year Built

1968

Town/City

Excelsior

County/Region

Hennepin

MLS | Web ID

7157563

Features
General
Living Area 2230
Sewer City Sewer/Connected
Heating Forced Air
Roof Age 8 Years or Less Asphalt
Garage Spaces 2
Pool Features None
Year Built 1968
Levels One
Property Subtype Duplex Side by Side
Tax Year 2026
Gross Income 48000
Accessibility None
County Hennepin
Net Operating Income 45000
Operating Expense 3000
Insurance Expense 1
New Construction N
Property Type Residential Income
Contingency None
MaintenanceExpense 1000
Directions Co. Rd. 9 to Shorewood Lane to duplex on left.
City Excelsior
High School District Minnetonka
Zoning Description Residential-Multi-Family
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 7026.38
Electric Expense 1
Fuel Expense 1
Trash Expense 1
Water Sewer Expense 1
Additional Parcels Y/N N
Virtual Tour https://tours.spacecrafting.com/n-24w9p2
Standard Status Active
Lender Owned No
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Interior
Basement Finished Full
Basement (Y/N) Y
Above Grade Finished Area 1560
Laundry Features Lower Level Laundry Room
Total Bedrooms 6
Below Grade Finished Area 670
Total Baths 4
Fuel Natural Gas
Garage Square Feet 484
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Exterior
Fencing None
Parking Features Attached Garage Asphalt
Lot Features Irregular Lot Tree Coverage - Heavy
Water Source Well
Lot Size Area 0.46
Building Area Total 2510
Lot Dimensions 135x329x421x140
Waterfront Y/N N
Foundation Area 950
Road Frontage Type City Street
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Internal Only
Street Number 1 5570
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* Excluded Features
List By
Keller Williams Premier Realty Lake Minnetonka

Broker

jeffholmers@gmail.com

Email

Affordability Calculator

$4,556
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,971
Monthly Property Taxes
$586
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708531 Elementary School
708355 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/8/2026$574,900 Listed Price

Map


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5570 & 5580 Shorewood Lane, Excelsior, MN, 55331 is a Multi-Family Home for sale at $574,900 with 2,230 sqft and a lot size of 0.46. 5570 & 5580 Shorewood Lane has 6 bedrooms, 2.2 baths, and was built in 1968. The property's zip code is 55331 which is in Excelsior, MN