Home › 305-307 Reno Street, Wayzata, MN 55391 (MLS# 7152586)

305-307 Reno Street, Wayzata, MN 55391 (MLS# 7152586)

$799,900
305-307 Reno Street
Wayzata, MN 55391
MLS# 7152586
3 beds  |  2 baths  |  4947 sqft

Property Description
Location, Location, Location! This duplex is nestled in the heart of Wayzata Proper! Do not miss out on this gorgeous neighborhood within 2-5 minutes walking to everything downtown Wayzata has to offer! Walk to the restaraunts, beach, dock, etc. Great opportunity with an assumable 2.875% VA mortgage! Perfect owner occupant property or finish updating for a turn key operation! Unit 307 has been fully renovated with new kitchen, baths, windows, refinished hardwoods! Unit 205 is could use some minor project completions. Tandem garage offers 600 sq feet of parking and storage. Brand new top of the line roof with lifetime warranty. Truly a coveted lot. Newer water heaters, stainless steel appliances, granite, spiral staircases. Each unit has its own laundry! Land value alone is supported in this neighborhood with homes valued at $2M+

Details
Maps
Contract Information
Status: Active
Contingency: None
Current Price: 799900
Original List Price: 799900
ListPrice: 799900
List Date: 2026-09-30
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1965
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 3
Baths Total: 2
Main Floor Total SqFt: 1701
Above Ground SqFt: 3324
Below Grd Total SqFt: 1623
Total SqFt: 4947
Foundation Size: 1701
Style: (MF) Duplex Side X Side
Total Finished Sqft: 3246.00
Power Company: Xcel Energy
Garage Stalls: 2
Lot Dimensions: 76X130
Acres: 0.23
Assessment Pending: No
Location Tax and Other Information
House Number: 305-307
Street Name: Reno
Street Suffix: Street
Postal City: Wayzata
County: Hennepin
State: MN
Zip Code: 55391
Complex/Dev/Subdivision: New Wayzata
Assessments
Assessment Balance: 879
Tax With Assessments: 10234
Building Information
Finished SqFt Above Ground: 1623
Finished SqFt Below Ground: 1623
Income and Expenses
Annual Gross Income: 30000
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
DP Resource: Yes
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 600
Public Survey Info
Range#: 22
Section#: 05
Township#: 117
Unit 1
Furnished?: No
Leased?: Yes
Unit Number: 1
3/4 Baths: 1
Annual Rent: 30000
Finished SqFt: 1650
Full Baths: 1
Monthly Rent: 2500
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 8
Unit Details
Total Units: 2
Property Features
Accessible: None
Amenities Shared: None
Assumable Loan: Yes w/ Qualifying
Basement: Concrete Block; Full; Storage Space
Construction Status: Previously Owned
Existing Financing: VA
Exterior: Cedar
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Lot Description: Tree Coverage - Medium
Parking Characteristics: Garage Door Opener
Road Frontage: Cul De Sac; Paved Streets
Roof: Age 8 Years or Less; Pitched
Sellers Terms: Adj. Rate/Gr Payment; Assumable; Cash; Conventional; Conventional Rehab; FHA; FHA Rehab 203k; MHFA/WHEDA; VA
Sewer: City Sewer/Connected
Water: City Water/Connected

Listing Office: Ferrell Real Estate Group Inc

Last Updated: October - 01 - 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.

Thursday 1st of October 2026 11:04 AM

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