3407 Chestnut Ln, Eagan, MN, 55123
About This Home
Turnkey Investment Property with Immediate Rental Income in Prime Eagan Location (55123) Don't miss this exceptional investment opportunity to own a well-maintained 3-bedroom, 3-bath townhome in one of Eagan's most desirable neighborhoods. This income-producing property is currently leased at $2,500 per month through November 23, 2026, providing stable cash flow and immediate returns for investors. The spacious floor plan offers comfortable living with three generous bedrooms, three bathrooms, a bright living area, and a functional kitchen. Recent updates add value and peace of mind, including a new refrigerator, a new hot water system, and a water filtration system, reducing near-term maintenance costs. Located in the highly sought-after 55123 zip code, this property enjoys strong rental demand due to its proximity to shopping, dining, parks, trails, major employers, and convenient access to highways and Minneapolis–Saint Paul International Airport. The area is known for its excellent amenities and desirable community atmosphere. Whether you're expanding your real estate portfolio or seeking a reliable, income-generating asset, this townhome offers a rare combination of long-term tenant stability, strong rental income, recent upgrades, and a prime Eagan location. A true turnkey investment opportunity with established rental income already in place.
Getting Around
Car-Dependent
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2013
Materials
- Roof: Asphalt
- Construction materials: Wood
Type & Style
- Home type: Townhouse
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer
- Laundry features: In Unit
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Flooring: Carpet,Linoleum / Vinyl
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced air
- Cooling features: Other
Interior Area
- Total interior livable area: 1,800 sqft
Property
Details
- Parcel number: 107270506030
Features
- Exterior features: Shingle
- Has view: Yes
- View description: Park
- On waterfront: Yes
Lot
- Lot size: 2,144 sqft
Parking
- Total spaces: 2
- Parking features: Carport,Garage - Attached,Off-street,On-street
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Cold Wave
- Hail
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Dakota County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,966 | $23,592 |
| Home Insurance * | $226 | $2,712 |
| Property Taxes | $259 | $3,108 |
| Electricity | $170 | $2,050 |
| Total | $2,621 | $31,452 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-31 | Listed for sale | $389,000 |
| 2025-11-24 | Listing removed | $389,900 |
| 2025-11-07 | Listing removed | $2,650 |
| 2025-10-20 | Listed for sale | $389,900 |
| 2025-09-23 | Price change | $2,650 |
| 2025-08-12 | Listed for rent | $2,895 |
| 2022-09-14 | Listing removed | -- |
| 2022-08-11 | Listed for sale | $375,000 |
| 2022-01-31 | Sold | $363,330 |
| 2021-12-28 | Pending sale | $359,900 |
| 2021-12-18 | Price change | $359,900 |
| 2021-10-22 | Price change | $377,700 |
| 2021-10-01 | Listed for sale | $381,900 |
| 2021-08-12 | Sold | $373,700 |
| 2021-02-05 | Listing removed | -- |
| 2019-06-06 | Listing removed | $2,200 |
| 2019-05-10 | Listed for rent | $2,200 |
| 2014-04-30 | Sold | $241,000 |
View on Zillow