Lori Gustafson

2240 W Lake Of The Isles Parkway

Minneapolis, MN
$ 2,200,000 Beds 5 Baths 5 Sq 5,526 Virtual Tour
Monthly Estimate* How much can I afford?

Enchanting red brick center hall Colonial on coveted West Lake of the Isles Parkway, beautifully updated while preserving the character and craftsmanship of 1926. Set on a beautifully landscaped lot with front and rear terraces, the home enjoys picturesque lake views, oversized windows for sun filled interior spaces, and a lovely backyard patio framed by mature plantings. The main level is gracious, charming, and designed for both everyday living and gathering. Highlights include spacious living and dining rooms, a center-island kitchen with breakfast area, and a family room/sunroom that opens seamlessly to the rear yard. Upstairs, the primary suite overlooks the lake and includes two large closets and a private bath. Three additional bedrooms, two bathrooms, and a charming treetop study or additional bedroom complete the second floor. The third floor offers a vaulted, skylit bedroom or bonus room along with another large bedroom and full bathroom. The remodeled lower level includes a warm and inviting family/media room, wet bar, wine room, laundry, and storage. Two car attached garage with gated access to the driveway, patio and yard + a garden shed for additional storage. Life on Lake of the Isles offers a rare balance of natural beauty and city convenience, with miles of walking and biking paths, year-round lake activity, and easy access to neighborhood cafés, restaurants, and shops. Enjoy morning walks along the water and sunsets over the lake - right from your front door!

Single Family

  • Price
  • $ 2,200,000
  • City
  • Minneapolis
  • Bedrooms
  • 5
  • Full Bathrooms
  • 4
  • County
  • HENNEPIN
  • Half Bathrooms
  • 2
  • Area
  • Island Park Add
  • Lot Size
  • 0.25 Acres
  • Zip
  • 55405
  • Sqr Footage
  • 5,526
  • Year Built
  • 1926
  • Taxes
  • $ 36926
  • Style
  • Single Family
  • MLS#
  • 7068826
Listed By: Compass
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 5526
Sewer City Sewer/Connected
Heating Baseboard,Boiler,Hot Water
Cooling Central Air
Roof Age 8 Years or Less,Asphalt,Pitched
Appliances Dishwasher,Disposal,Dryer,Exhaust Fan,Microwave,Range,Refrigerator,Stainless Steel Appliances,Washer
Garage Spaces 2
Pool Features None
Year Built 1926
Electric 200+ Amp Service
Levels More Than 2 Stories
Property Subtype Single Family
Tax Year 2026
Waterfront Features Lake Front,Lake View
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Island Park Add
Full Baths 4
Directions Franklin Avenue to Lake of the Isles Parkway. West to home.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 36926
Additional Parcels Y/N No
Virtual Tour https://tours.spacecrafting.com/n-1q3qw1
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),Hardwood Floors,Kitchen Center Island,Kitchen Window,Primary Bedroom Walk-In Closet,Patio,Security System,Skylight,In-Ground Sprinkler,Washer/Dryer Hookup,Walk-In Closet
PostalCity Minneapolis

Interior Features

Basement Finished,Full
Total Fireplaces 2
Fireplace Features Family Room,Gas,Living Room,Wood Burning
Basement (Y/N) Yes
Fireplace Y/N Yes
Above Grade Finished Area 4632
Half Baths 2
Laundry Features Lower Level,Laundry Room
Total Bedrooms 5
Below Grade Finished Area 894
Total Baths 6
Bath Desc 1/2 Basement,Bathroom Ensuite,Full Primary,Private Primary,Main Floor 1/2 Bath,Separate Tub & Shower,Upper Level Full Bath,Jetted Tub
Dining Room Description Informal Dining Room,Separate/Formal Dining Room
Fuel Natural Gas
Garage Square Feet 381

Exterior Features

Fencing Full
Parking Features Attached Garage,Concrete,Floor Drain,Garage Door Opener,Heated Garage,Insulated Garage
Lot Features Public Transit (w/in 6 blks),Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.25
Building Area Total 5890
Lot Dimensions 80 X 150 X 64 X 147
Waterfront Y/N Yes
Foundation Area 1485
Road Frontage Type City Street,Curbs,Paved Streets,Sidewalks
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

5/12/2026 Listed $2,200,000

Property vs Zip Code Average in 55405

Price
AVG $1.27M
$2.2M
Taxes
AVG $18,230
$36,926
Year Built
AVG 1933
1926
Visits
AVG 210
284
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

2240 W Lake Of The Isles Parkway Minneapolis, MN is a Single Family Home for sale at $2200000 with 5526 sqft and a lot size of 0.25 Acres Acre(s). 2240 W Lake Of The Isles Parkway Minneapolis has 5 bedrooms, 4 baths and was built in 1926. The property's zip code is 55405 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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