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429 2nd Ave E, Shakopee, MN, 55379

4beds
2baths
1,784sqft
$344,990
$193price/sqft
$2,362/moest. monthly cost
$94,480/yrincome needed

About This Home

HOUSE HACK ALERT! Let your tenant help pay the mortgage! This move-in-ready duplex just a few blocks from downtown Shakopee is one of the smartest ways to own in the southwest metro. Live in one unit, rent the other, and put someone else's rent check toward your housing payment every month. With 2-bedroom rents in the area running around $1,500, the second unit can offset a large share of your monthly payment, meaning your true out-of-pocket cost to live here could be a fraction of a comparable single-family mortgage. That's the kind of deal first-time buyers and investors dream about. Both units are vacant, freshly painted, and carpeted, with separate electric meters to keep the rental math clean. The main-level unit offers two bedrooms, a full bath with tub-shower and tile surround, and an eat-in kitchen with white cabinets, a stainless double sink, and in-unit stacked laundry. The upper unit also has two bedrooms, white shaker cabinets, stone-look counters, a gas range, a private full bath, and a knotty-pine living room that adds real warmth. Outside you have a classic covered front porch, a detached two-car garage off the alley, gravel parking, and a big yard under mature maples on a deep, tree-shaded lot. Walkable to Shakopee shops and restaurants, with quick access to Hwy 169, Canterbury Park, and the Minnesota River. Bring your vision, some sweat equity and build real cash flow and let this property work for you. Live for less, or rent both in a steady rental market. Opportunities like this don't last!

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
58
BikeBikeable

Schools

6/10
7/10

Construction

Condition

  • Year built: 1885

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Up and Down

Interior

Basement

  • Has basement: Yes
  • Basement: Partial

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,784

Heating

  • Heating features: Baseboard,Forced Air

Interior Area

  • Total structure area: 2,676
  • Total interior livable area: 1,784 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 270012030
  • Zoning description: Residential-Multi-Family
  • Foundation area: 892

Features

  • Levels: Two

Lot

  • Lot size: 10,019 sqft
  • Lot size dimensions: 70 x 140

Parking

  • Total spaces: 2
  • Parking features: Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
    Strong WindVery High
  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Hail
    HailModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Tornado
Hail
Heat Wave
Lightning
Winter Weather

FEMA Declared Disasters in Scott County and Minnesota

Flood
Severe Storm
Straight Line Winds

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

MonthlyAnnual
Mortgage $1,744$20,928
Home Insurance *$180$2,160
Property Taxes $268$3,216
Electricity $170$2,050
Total$2,362$28,344
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,982/yr
40% on housing$70,860/yr
45% on housing$62,986/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

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.

Insurance Growth Rate5-year average: 11.5%
11.5%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: -2.2%
-2.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$193This listing

vs Other Active Listings

Avg $/sqft

ZIP 55379$176
Scott County$208

vs Homes Sold Last Month

Median $/sqft

ZIP 55379$198
Scott County$204

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

DateEventPrice
2026-07-30Price change$344,990
2026-07-08Price change$359,990
2026-06-26Listed for sale$374,990
2024-03-22Listing removed--
2024-03-13Price change$1,350
2024-02-20Price change$1,395
2023-12-26Listed for rent$1,495
2023-01-16Listing removed--
2022-11-16Listed for rent$1,350
2022-11-08Listing removed--
2022-10-08Listed for rent$1,350
2020-11-20Listing removed$1,100
2020-11-06Listed for rent$1,100
2020-06-25Sold$246,500
2020-05-28Pending sale$249,900
2020-05-14Listed for sale$249,900
2020-03-30Listing removed$225,000
2020-01-29Pending sale$225,000
2019-11-29Listed for sale$225,000
2018-07-27Listing removed$925
2018-07-09Listed for rent$925
2016-11-08Listing removed$850
2015-11-14Listing removed$800
2015-10-07Listed for rent$800
2013-08-19Sold$156,060
2012-10-19Sold$80,000
2002-07-08Sold$139,000

For Sale by Agent

AgentTaylor Doolittle
BrokerageRE/MAX Results

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