17640 Ionia Court, Lakeville, MN 55044 (MLS# 7154448)

17640 Ionia Court, Lakeville, MN 55044

New Listing
$575,000
Property Type: Multi-Family Bedrooms: 6 Baths: 4 Square Footage: 3,332 Lot Size (sq. ft.): 36,155 Status: Active
Current Price: $575,000 List Date: 10/02/2026 Last Modified: 10/03/2026

Overview

Description

Welcome to this well-maintained duplex on a quiet cul-de-sac in the 194 Lakeville School District! This versatile property is ideal for an owner-occupant, multi-generational living, or an investor looking for rental potential. Both units feature vaulted ceilings, open floor plans, main-level primary bedrooms, finished lower levels, and walkout access to the spacious 0.83 acre backyard. Recent improvements include a new roof and gutters (2026), fresh upstairs interior paint, waterproof LVP flooring in the kitchens and entryways, updated bathroom fixtures and lighting, new vanity mirrors, and new landscaping rock. The electrical system was upgraded in 2024 with a new 200-amp panel, and both asphalt driveways were replaced in 2024. Upstairs carpet and a downstairs refrigerator were replaced in 2022. One unit features an updated kitchen with new flooring, cabinetry, granite countertops, and breakfast bar, plus upgraded bathrooms. Both units offer two-car attached garages with direct home a ...

Listing Details MLS# 7154448

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1977
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1904
Above Ground SqFt
1904
Below Grd Total SqFt
1428
Total SqFt
3332
Foundation Size
1428
Style
(MF) Duplex Side X Side
Total Finished Sqft
3332.00
Garage Stalls
4
Lot Dimensions
Irregular
Acres
0.83
Assessment Pending
No

Property Features

Accessible: None Assumable Loan: Yes w/No Qualifying Basement: Concrete Block; Egress Windows; Full Construction Materials: Frame Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: Conventional Exterior: Brick/Stone; Stucco; Vinyl Fencing: Chain Link Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable; Fiber Optic Laundry: In Basement; Lower Level Lock Box Type: Combo Lot Description: Tree Coverage - Medium; Underground Utilities Parking Characteristics: Garage Door Opener Pool Description: None Road Frontage: City Street; Cul De Sac; Curbs Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: One Tenant Pays: All Utilities; Trash Collection Unit 1 Amenities: Open Floor Plan; Cable; Ceiling Fan(s); Deck; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork; Paneled Doors; Patio; Vaulted Ceiling(s); Washer/Dryer Hookup Unit 1 Appliances: Dishwasher; Dryer; Exhaust Fan/Hood; Microwave; Range; Refrigerator; Washer Unit 1 Bath Description: 3/4 Basement; Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Eat In Kitchen Unit 1 Family Room Characteristics: Family Room; Lower Level Unit 1 Fireplace Char: Gas Burning Unit 1 Special Search: Main Floor Bedroom; Main Floor Primary Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
575000
ListPrice
575000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
17640
Street Name
Ionia
Street Suffix
Court
Postal City
Lakeville
County
Dakota
State
MN
Zip Code
55044

Assessments

Tax With Assessments
7624

Building Information

Finished SqFt Above Ground
1904
Finished SqFt Below Ground
1428

More Information

Income and Expenses

Annual Caretaker Expense
1920
Annual Gross Expenses
7524
Annual Gross Income
52820
Annual Insurance Expense
3104
Annual Net Income
45296
Annual Repair Expense
2500
Total Annual Expenses
7524

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
23.5x21.5
Garage Door Height
7
Garage Door Width
16
Garage Square Feet
505

Unit 1

Furnished?
No
Lease Expiration Date
2026-10-31
Leased?
Yes
Level
Main Level
Unit Number
Yes
# of Fireplaces
Yes
3/4 Baths
Yes
Annual Rent
26410
Finished SqFt
1666
Full Baths
Yes
Monthly Expense
627
Monthly Rent
2150
No. of Units Like This
2
Oth Parking Spaces
2
Total Baths
2
Total Bedrooms
3
Total Rooms
7

Unit Details

Total Units
2
IDX
Listing Office: Keller Williams Realty Integrity
Last Updated: October - 03 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.