Minneapolis, MN 55426 3279 Library Lane

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Presented By: RE/MAX Results
  • MLS# 6825562
  • 01/20/2026
  • Request Tour
  • Request Info
  • Beds • 5
  • Baths • 3
  • SQFT • 3,012
  • Garage • 2

Home Details

Exceptional duplex located in the heart of St. Louis Park ideal for investors and owner-occupants alike. One unit is vacant and move-in ready, while the lower unit is currently leased at $2,610 per month, offering immediate rental income. Owner-occupant opportunity: Based on an example scenario using traditional 30-year financing with 25% down (could be less), estimated taxes and insurance, monthly ownership costs are projected at approximately $3921.11. With the lower unit currently rented at $2,610 per month, a buyer occupying the vacant unit could potentially offset a significant portion of their housing cost—resulting in an estimated net monthly out-of-pocket of about only $1311.11. (Figures are estimates and will vary based on financing terms.) Meticulously maintained by the same family for the past 25 years, this property features newer siding with Versetta stone frontage, a maintenance-free exterior, a whole-house LeafGuard gutter system, and numerous updates inside and out. Both units offer spacious layouts filled with natural light, generously sized living rooms, and updated kitchen spaces. The lower unit features a unique two-level layout with three bedrooms, two bathrooms, a full kitchen, and an additional kitchenette that is perfect for flexible living arrangements. The upper unit includes two bedrooms and occupies the entire top floor, providing privacy and comfort. Additional highlights include a large backyard, great outdoor spaces, a detached two-car garage, newer concrete, drain tile with sump pump, an owner’s locker for tools and supplies, and vinyl windows throughout, many of which have been recently replaced. Located on a quiet residential street with convenient highway access, the property is on the bus line, just a half block from the local library, and close to neighborhood shopping, dining, and top-rated schools. It’s also only minutes from The Shops at West End. Enjoy nearby parks, golf courses, and all the amenities St. Louis Park has to offer.
Presented By: RE/MAX Results

Interior Features for 3279 Library Lane

Bedrooms

Total Bedrooms5

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area2500
BasementPartially Finished
Basement (Y/N)Yes
Below Grade Finished Area512
FuelNatural Gas
Garage Dimensions24x23
Garage Square Feet552
Laundry FeaturesIn Basement

General for 3279 Library Lane

AccessibilityNone
Additional Parcels Y/NNo
CitySaint Louis Park
ContingencyNone
CountyHennepin
DirectionsFrom HWY 7, go north on Wooddale, left on W lake St, right on Library Lane, home is on right
Electric Expense
Fuel Expense
Garage Spaces2
Gross Income55320
HeatingForced Air
High School DistrictSt. Louis Park
Insurance Expense2994
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3012
Lot Size UnitsSquare Feet
MaintenanceExpense0
Net Operating Income49746
New ConstructionNo
Number Of Units Total2
Operating Expense0
OwnerPaysInsurance, Sewer, Trash Collection, Water
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
SewerCity Sewer - In Street
Standard StatusActive
Subdivision NameRgt St Louis Park
Tax Annual Amount9794.58
Tax Year2025
Tenant PaysElectricity, Gas
Trash Expense0
Water Sewer Expense1600
Year Built1951

Exterior for 3279 Library Lane

Building Area Total3012
Foundation Area1225
Lot Dimensions50x140
Lot Size Area7000
Parking FeaturesDetached Garage
Water SourceCity Water - In Street

Additional Details

Price History

John Wichmann

Agent
Price $635,000
MLS#6825562
List Date 01/20/2026
Property Type Multi-Family
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