Welcome to a standout property in a prime Mound location—just steps from Belmont Park and a block from Lake Minnetonka’s Harrisons Bay! Own for less than rent, house hacking at its finest! Owner occupied or straight investment options. This flexible 4BR/2BA home offers tons of potential with updated mechanicals, a two-car garage, and separate laundry on both levels. Inside you’ll find a mix of modern
updates and classic charm—stainless appliances, hardwood floors, tile accents, and generous storage
throughout. With a layout ideal for either single-family living or a duplex setup, this home is perfect
for both homeowners and investors. So many possibilities in a location that’s tough to beat!
Closed
$362,500
5516 Tonkawood Rd, Mound, MN 55364
4beds
2baths
1,799sqft
Multi Family
Built in 1968
-- sqft lot
$371,300 Zestimate®
$202/sqft
$2,353 Estimated rent
Home value
$371,300
$349,000 - $394,000
$2,353/mo
Zestimate® history
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Owner options
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$2,353/mo
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$2,256/mo
Est. payment
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Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Ryan Walseth - TAYLRD Real Estate 612-770-1361,
Keller Williams Realty Integrity Lakes
Bought with:
Ali Reda - TAYLRD Real Estate
Keller Williams Realty Integrity Lakes
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6703772
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: Electric Dryer Hookup, Gas Dryer Hookup, In Hall, Laundry Closet, Lower Level, Laundry Room, Main Level, In Unit, Upper Level, Washer Hookup
Features
- Basement: Block,Daylight,Drainage System,Egress Window(s),Finished,Full,Posts,Single Tenant Access,Storage/Locker,Storage Space
Interior area
- Total structure area: 1,799
- Total interior livable area: 1,799 sqft
- Finished area above ground: 928
- Finished area below ground: 871
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Asphalt, Garage Door Opener, Shared Garage/Stall, Storage
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Patio & porch: Deck, Front Porch, Porch
- Pool features: None
- Fencing: Partial,Wood
- Has view: Yes
- View description: City Lights, Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Lake View
Lot
- Size: 6,098 sqft
- Dimensions: 60 x 100
- Features: Irregular Lot
- Topography: Level
Details
- Foundation area: 928
- Parcel number: 1311724320066
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block, Post and Beam, Brick, Concrete, Frame
- Roof: Age Over 8 Years,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Electric: 100 Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Mound
- Subdivision: Lake Side Park A L Crockers 1st Div
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 5/30/2025 | Sold | $362,500-2%$202/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6703772 Report a problem | ||
| 4/30/2025 | Pending sale | $370,000$206/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6703772 Report a problem | ||
| 4/18/2025 | Listed for sale | $370,000+8.8%$206/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6703772 Report a problem | ||
| 12/7/2022 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 12/5/2022 | Listed for rent | $1,450$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 10/28/2022 | Sold | $340,000+1.5%$189/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6262356 Report a problem | ||
| 9/21/2022 | Pending sale | $334,900$186/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6262356 Report a problem | ||
| 9/19/2022 | Listed for sale | $334,900+34%$186/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6262356 Report a problem | ||
| 8/13/2019 | Sold | $250,000$139/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5260387 Report a problem | ||
| 7/14/2019 | Listed for sale | $250,000+78.6%$139/sqft |
Source: RE/MAX Advantage Plus #5260387 Report a problem | ||
| 2/19/2010 | Sold | $140,000$78/sqft |
Source: Public Record Report a problem | ||
| 9/10/2009 | Sold | $140,000+19.7%$78/sqft |
Source: Public Record Report a problem | ||
| 6/2/2009 | Sold | $117,000-31.9%$65/sqft |
Source: Public Record Report a problem | ||
| 12/23/2008 | Listing removed | $171,900$96/sqft |
Source: foreclosure.com Report a problem | ||
| 12/11/2008 | Listed for sale | $171,900-24.6%$96/sqft |
Source: foreclosure.com Report a problem | ||
| 9/9/2005 | Sold | $228,000+28.1%$127/sqft |
Source: Public Record Report a problem | ||
| 6/10/2002 | Sold | $178,000+24.5%$99/sqft |
Source: Public Record Report a problem | ||
| 2/23/2001 | Sold | $143,000$79/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,667 +1.8% | $330,500 -1% |
| 2024 | $3,602 +24.8% | $334,000 -3.3% |
| 2023 | $2,887 -2.5% | $345,500 +14.4% |
| 2022 | $2,961 +0.5% | $302,000 +27.4% |
| 2021 | $2,947 +8.4% | $237,000 +1.3% |
| 2020 | $2,718 -7.8% | $234,000 +15.8% |
| 2019 | $2,947 +8.4% | $202,000 +1.5% |
| 2018 | $2,718 -37.9% | $199,000 +8.2% |
| 2017 | $4,376 +8.4% | $184,000 +16.5% |
| 2016 | $4,036 +9.6% | $158,000 +3.3% |
| 2015 | $3,684 -5.6% | $153,000 +15.9% |
| 2014 | $3,901 +44.7% | $132,000 +1.5% |
| 2013 | $2,696 +10.5% | $130,000 -18.2% |
| 2012 | $2,440 -2.2% | $159,000 -8.1% |
| 2011 | $2,495 +39.9% | $173,000 -2.8% |
| 2010 | $1,784 -12% | $178,000 -15.2% |
| 2009 | $2,027 +3.9% | $210,000 +9.9% |
| 2006 | $1,951 +7.7% | $191,000 +13.5% |
| 2005 | $1,812 +16.5% | $168,300 +15% |
| 2004 | $1,555 +5.8% | $146,400 +11.9% |
| 2002 | $1,471 -37.4% | $130,800 |
| 2001 | $2,349 | -- |
Find assessor info on the county website
Neighborhood: 55364
Nearby schools
GreatSchools rating
- 9/10Grandview Middle SchoolGrades: 5-7Distance: 0.4 mi
- 9/10Mound-Westonka High SchoolGrades: 8-12Distance: 1.1 mi
- 10/10Hilltop Primary SchoolGrades: K-4Distance: 1 mi
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Estimated market value
$371,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$371,300
- Minnesota
- Hennepin County
- Mound
- 55364
- 5516 Tonkawood Rd