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115 Peninsula Road, Medicine Lake, MN 55441
$699,900
SQUARE FEET 2,950
MLS# 6811562
STATUS: Contingent
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Medicine Lake Park 1st Div
SCHOOL: Wayzata
Property Description
A rare gem in the heart of Medicine Lake, this exceptional owner-occupied duplex is a dream opportunity for both investors and homeowners alike. Featuring two generously sized units, each offering updated kitchens, three bedrooms, and two bathrooms, this property effortlessly combines comfort and practicality.Set on a sprawling half-acre lot, you'll enjoy plenty of yard space, mature trees for added privacy, and the convenience of a three-car detached garage. Nestled in the prestigious Wayzata school district and surrounded by multi-million-dollar homes, this is the only single-owner duplex in Medicine Lake?a truly unique find.Location is key, and this property shines with its proximity to the Luce Line Trail system, Medicine Lake Regional Parks, and a quick 15-minute drive to downtown Minneapolis. For investors, Unit 2 has been rented on a month-to-month basis since 2019 at $1,900 per month, with tenants covering separate utilities?making it a hassle-free income stream.Don't miss your chance to own this one-of-a-kind property in a highly sought-after community. Whether you're looking to invest or create your own tranquil retreat, Medicine Lake offers the lifestyle and location you've been waiting for.
Property Features
Property Type: Multi Unit - Multiple Basement: Block Garage: 3 Heating: Forced Air Lot Size: 0.57 Acres Roof Type: Age 8 Years or Less Taxes: $8,306 Year Built: 1961
Feature Descriptions
Days on Site: 45
Foundation Size: 1700
Lot: Corner Lot, Irregular Lot, Tree Coverage - Light
Lot Dimensions: 120x200
Owners Expense: Exterior Maintenance, Grounds Care, Insurance, Sewer, Taxes, Trash Collection
Parcel#: 2511822330040
Parking: Detached Garage, Asphalt, Multiple Garages, Shared Garage/Stall
Road Frontage: City Street
Sewer: City Sewer/Connected
Units: 2
Water: City Water - In Street, Well
Listed By / Shown By
Agency Name: Compass
Agency Phone: 952-283-0644
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Estimated Payment
$ 4,621.47 per month
$3,725.16 Principal & Interest
$692.17 Property Tax
$204.14 Homeowner's Insurance
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115 Peninsula Road | MLS# 6811562
This multi-family property located at 115 Peninsula Road, Medicine Lake, MN 55441 is currently listed for sale with an asking price of $699,900. Peninsula Road is located within the Wayzata school district. Search Medicine Lake real estate on scarlson.counselorrealty.com today.