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5516 Tonkawood Road

Mound, MN 55364

Name: Open House: 11am-12:30pm
Start: 2025-04-19T11:00:00
End: 2025-04-19T12:30:00
Location: 5516 Tonkawood Road

– beds
– baths
1,799 sqft
$205 per sqft
1968 build
– on site

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!

Listing courtesy of NORTHSTAR / Ryan Walseth / Keller Williams Realty Integrity Lakes

Last checked: Checking… • Last updated Apr 18, 2025 •

MLS# 6703772 —

The Building

Year Built:

1968
New Construction:

false
Age Of Property:

57
Construction Materials:

Block, Brick/Stone, Fiber Board, Wood Siding
Construction Materials Desc:

Block,Timber/Post & Beam,Brick,Concrete,Frame
Roof:

Age Over 8 Years, Asphalt, Pitched
Accessibility Features:

None
Levels:

Split Entry (Bi-Level)
Main Level Finished Area:

928.0000
Basement:

Block, Daylight/Lookout Windows, Drainage System, Egress Window(s), Finished, Full, Posts, Single Tenant Access, Storage/Locker, Storage Space
Basement:

true
Foundation Area:

928
Building Area Total:

1719
Above Grade Finished Area:

928
Below Grade Finished Area:

871

Room Dimensions

Living Area:

1799

Location

Directions:

Commerce Blvd/110 into Mound, right on Tonkawood to home on left. Across the street from Belmont Park and a block from Lake Minnetonka.
Latitude:

44.941116
Longitude:

-93.663246

The Property

Parcel Number:

1311724320066
Zoning Description:

Residential-Single Family
Property Type:

Residential Income
Property Subtype:

Duplex Up and Down
Additional Parcels:

false
Lot Features:

Irregular Lot
Lot Size Area:

0.14
Lot Size Dimensions:

60x100
Lot Size Units:

Acres
Topography:

Level
View:

City Lights, Lake
Lake Chain:

N
Lake Acres:

14205
Lake Depth:

113
Water Body Name:

Minnetonka
Road Frontage Type:

City Street, Curbs, Paved Streets, Street Lights, Storm Sewer
Road Responsibility:

Public Maintained Road
Fencing:

Partial, Wood
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Annual Amount:

3667
Tax With Assessments:

3667.0000

Heating & Cooling

Heating:

Forced Air

Utilities

Electric:

100 Amp Service
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Two

Schools

High School District:

Westonka

The Community

Subdivision Name:

Lake Side Park A L Crockers 1st Div
Waterfront:

false
Waterfront Features:

Lake View
Assessment Pending:

No

Parking

Parking Features:

Detached, Asphalt, Garage Door Opener, Shared Garage/Stall, Storage
Garage Spaces:

2
Garage SqFt:

484

Extra Units

# of Units Total:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

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Sale history

Date	Event	Source	Price	% Change
4/17/25 Apr 17, 2025	Listed / Active	NORTHSTAR	$370,000
4/17/25 Apr 17, 2025	Coming Soon	NORTHSTAR	$370,000	8.8% (3.6% / YR)
10/28/22 Oct 28, 2022		NORTHSTAR	$340,000	1.5%

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This multifamily located in Mound, MN 55364 is currently for sale for $370,000. 5516 Tonkawood Road is a 1,799 square foot multifamily with – beds and – baths that has been on Estately for 3 days. This multifamily is in the attendance area of Mound-Westonka High School, Grandview Middle School, and Hilltop Primary School.

Listing Courtesy of: NORTHSTAR and Keller Williams Realty Integrity Lakes.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.