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115 Peninsula RD Minneapolis, MN 55441
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Key Details
Sold Price $670,000
Property Type Multi-Family
Sub Type Duplex Side by Side
Listing Status Sold
Purchase Type For Sale
Square Footage 2,950 sqft
Price per Sqft $227
Subdivision Medicine Lake Park 1St Div
MLS Listing ID 6811562
Bedrooms 6
Year Built 1961
Annual Tax Amount $8,306
Tax Year 2025
Lot Size 0.570 Acres
Property Sub-Type Duplex Side by Side
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.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Laundry Lower Level
Exterior
Parking Features Detached Garage, Asphalt, Multiple Garages, Shared Garage/Stall
Garage Spaces 3.0
Pool None
Roof Type Age 8 Years or Less
Building
Lot Description Corner Lot, Irregular Lot, Tree Coverage - Light
Story One
Foundation 1700
Sewer City Sewer/Connected
Water City Water - In Street, Well
New Construction false
Schools
School District Wayzata
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NEARBY SCHOOLS & BUSINESSES
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