#6748163, Listing office: Assembly MN LLC
$640,000 List price
5827 Winnetka Ave N New Hope, MN 55428
3,734 sqft
$171 / sqft
Multi-Family
Property details
About 5827 Winnetka Ave N
Introducing a rare and exceptional opportunity to own a fully renovated side-by-side duplex, each unit offering 3 spacious bedrooms and 3 beautifully updated bathrooms. Perfectly positioned on a scenic Golf course, this property blends modern living with peaceful, green surroundings. Whether you're an investor seeking a solid, turn-key asset or a homebuyer looking to live in one unit while generating income from the other, this property checks all the boxes. Both units have been thoughtfully renovated from top to bottom, featuring brand-new kitchens with modern cabinetry, sleek countertops, and stainless-steel appliances. Fresh flooring, updated lighting, and stylish fixtures run throughout, while the bathrooms boast high-end tile work and contemporary vanities. Each side offers a spacious layout and is perfect for today's lifestyle. Step outside and enjoy views of the meticulously maintained golf course from your backyard, a truly rare setting for a multi-family property. Investment financials are as follows: When fully rented, the duplex generates $60,000 in annual rental income ($2,500 per unit per month). Operating expenses total $14,160 annually, including $4,800 for insurance, $8,400 in property taxes, and $960 for utilities. This results in a net operating income (NOI) of $45,840. The investment reflects a 7.16% cap rate, a debt service coverage ratio (DSCR) of 1.21, and an expense ratio of 24%, making it a solid income-producing opportunity.
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
Size3,734 sqft
BasementYes
Year built1971
ParkingAttached Garage, Shared Driveway, Garage Door Opener, Insulated Garage, Multiple Garages, On-Street Parking Only, Units Vary
MLS #6760624
Attached garage2 spaces
Summary
- Basement: Yes
- Garage Space: 2 spaces
- Attached Garage: Yes
- Parking: Attached Garage, Shared Driveway, Garage Door Opener, Insulated Garage, Multiple Garages, On-Street Parking Only, Units Vary
- Heating: Forced Air
- List Price: $640,000
- Price/SqFt: $171
- Annual Tax Amount: $8,429
- Tax Year: 2023
- Lot: On Golf Course, Many Trees
- Directions: From Bass Lake Road, go north on Winnetka about 1 block. Home is on the left.
- Year Built: 1971
- Living Area: 3,734 SqFt
- MLS Number: 6760624
- MLS Name: NORTHSTAR
- Office Name: Keller Williams Classic Rlty NW
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 19, 2024 | Home Sold | $438,000 |
| Jan 29, 2007 | Home Sold | $319,000 |
| Mar 16, 2004 | Home Sold | $268,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $470,200 | $8,429 |
| 2022 | $390,000 | $6,900 |
| 2021 | $360,000 | $6,970 |
| 2020 | $325,000 | $6,323 |
History based on county public records data.
Nearby schools
2
Prairie Seeds Elementary School Academy
Public Charter KG-5
0.6 mi
•6200 W Broadway Ave
4
Meadow Lake Elementary School
Public District KG-5
0.6 mi
•8525 62nd Ave N
5
Fair Oaks Elementary School
Public District PK-5
1.8 mi
•5600 65th Ave N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $38,357. Typical income of New Hope, MN residents is between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
46%
<35k
50%
35k-100k
4%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
What types of families live nearby?
56%
Single, No Kids
13%
Single, with Kids
20%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
5%
12-17 yrs old
16%
18-34 yrs old
22%
35-64 yrs old
44%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
NBA/WNBA
College Basketball
Where do the neighbors shop?
Chico's
Express/Express For Men
Dillards
Where do the neighbors go to eat?
Cracker Barrel
Starbucks
Logan's Roadhouse
What do the neighbors drive?
Buick
Pontiac
Hyundai
What do the neighbors listen to?
Soft Adult Contemporary
Urban Contemporary
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5827 Winnetka Ave N
The listing price of 5827 Winnetka Ave N property is $640,000.
The property 5827 Winnetka Ave N is a multi located in New Hope, Minnesota, 55428.
Active Listing: 5827 Winnetka Ave N is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5827 Winnetka Ave N are: Prairie Seeds Elementary School Academy (GreatSchools Rating 2/10), Meadow Lake Elementary School (GreatSchools Rating 4/10), Fair Oaks Elementary School (GreatSchools Rating 5/10), Prairie Seeds Middle School Academy (GreatSchools Rating 2/10), Excell Academy Charter (GreatSchools Rating 2/10), North View Middle School (GreatSchools Rating 2/10), Prairie Seeds High School Academy (GreatSchools Rating 3/10), North Education Center Academy (GreatSchools Rating 2/10), Cooper High School (GreatSchools Rating 3/10).
According to the records, the last property tax for 2023 is $8,429 (source: MLS/based on county public records data).
The last sale was on April 19, 2024 for $438,000 (source: MLS/tax record).
The property 5827 Winnetka Ave N is 3,734 SqFt (source: MLS/tax record).
The year of construction for 5827 Winnetka Ave N is 1971.
This home is located at 5827 Winnetka Ave N in New Hope, MN and zip code 55428. This 3,734 square foot home was built in 1971. Features: 0 bathroom. It has been listed on Rocket Homes since July 24, 2025 and is currently priced at $640,000.
New Hope, MN housing market in June 2025 saw over 22 listings sold above listed price, more than 5 sold at listed price and over 4 sold below. The number of homes for sale in New Hope, MN increased by 9.8% between May and June 2025. In June 2025 median list price was $351,000 and the average listing age was 12 days.
From Rocket Homes Real Estate and based on county public records data.