Closed

$390,000

24945 Smithtown Rd, Shorewood, MN 55331

4beds

2baths

1,644sqft

Multi Family

Built in 1951

-- sqft lot

$390,600 Zestimate^®

$237/sqft

$1,759 Estimated rent

Home value

$390,600

$359,000 - $426,000

$1,759/mo

Zestimate^® history

Owner options

List your home for rent

$1,759/mo

Rent Zestimate^®

Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.

Learn more

$1,759/mo

Rent Zestimate^®

Refinance and save

$2,466/mo

Est. payment

Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.

See today's rates

$2,466/mo

Est. payment

Explore your selling options

Work with a Zillow partner agent

Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.

Get started

List with your own agent

Get your home in front of millions of buyers by listing it on Zillow.

Learn how to do it

Sell it yourself

Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).

List your home

What's special

Rare Duplex Opportunity in Highly Sought-After Shorewood! Don’t miss this exceptional investment or redevelopment opportunity just minutes from vibrant downtown Excelsior. Situated on a generous tree lined.83-acre lot, this side-by-side duplex features two units, each offering 2 bedrooms and 1 full bath—ideal for rental income, multi-generational living, or future new construction. This is a prime location with close proximity to Lake Minnetonka, Excelsior’s dining, shopping, parks, and top-tier Minnetonka schools—making it incredibly attractive to both tenants and future homeowners. Zoned for flexibility, this property offers rare potential to hold as an income property or build your dream home in a location where options like this rarely come up. Showings require 2 hour notice as property is tenant-occupied. This is the property you’ve been waiting for—an unbeatable location, generous lot, and future potential. Act fast!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 2

Heating

Forced Air

Appliances

Laundry: In Basement

Features

Basement: Block,Daylight,Full,Storage Space,Sump Basket,Sump Pump,Unfinished

Interior area

Total structure area: 1,644
Total interior livable area: 1,644 sqft
Finished area above ground: 1,644
Finished area below ground: 0

Property

Parking

Parking features: Gravel, Guest, Shared Garage/Stall, Open
Has garage: Yes
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: One
Pool features: None
Fencing: None

Lot

Size: 0.83 Acres
Dimensions: 36155 SF
Features: Tree Coverage - Medium
Topography: Level

Details

Foundation area: 1644
Parcel number: 3311723240010
Zoning description: Residential-Multi-Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Block, Frame
Roof: Age Over 8 Years,Asphalt

Condition

New construction: No
Year built: 1951

Utilities & green energy

Electric: Circuit Breakers, Fuses
Gas: Natural Gas
Sewer: City Sewer/Connected
Water: City Water/Connected, Well

Community & HOA

Location

Region: Shorewood

Financial & listing details

Price per square foot: $237/sqft
Tax assessed value: $441,500
Annual tax amount: $4,353
Date on market: 8/13/2025
Cumulative days on market: 6 days
Tenant pays: All Utilities

Price history

Date	Event	Price
9/4/2025	Sold	$390,000-2.5%$237/sqft
Source: NorthstarMLS as distributed by MLS GRID #6769624 Report a problem
8/21/2025	Pending sale	$400,000$243/sqft
Source: NorthstarMLS as distributed by MLS GRID #6769624 Report a problem
8/15/2025	Listed for sale	$400,000$243/sqft
Source: NorthstarMLS as distributed by MLS GRID #6769624 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,884 +12.2%	$441,500 +4%
2024	$4,353 +8.5%	$424,500 +8.7%
2023	$4,011 +1.5%	$390,500 +9.4%
2022	$3,952 +10.9%	$357,000 +12.6%
2021	$3,565 -3.2%	$317,000 +10.8%
2020	$3,683 +3.3%	$286,000 +1.4%
2019	$3,565 -3.2%	$282,000 +7.2%
2018	$3,683 +13.9%	$263,000 +38.4%
2017	$3,234 +35.1%	$190,000 +7.3%
2016	$2,393 +6.8%	$177,000 +19.6%
2015	$2,241 +24.3%	$148,000 +7.2%
2014	$1,803 -25.4%	$138,000 -2.1%
2013	$2,416 +0.1%	$141,000 -4.7%
2012	$2,414 -35.2%	$148,000 -20.4%
2011	$3,726 -4.6%	$186,000 -14.3%
2010	$3,907 +20.2%	$217,000 -4.8%
2009	$3,251 +1.3%	$228,000 +7.2%
2006	$3,209 +8%	$212,600 +15%
2005	$2,973 +7.5%	$184,900 +15%
2004	$2,766 +4%	$160,800 +12%
2002	$2,659 -9.6%	$143,600
2001	$2,942	--