Comments for 115 Peninsula Road , Medicine Lake, MN 55441
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 Lakeâ??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 utilitiesâ??making it a hassle-free income stream.Donâ??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 youâ??ve been waiting for.
Basement: Block
Parcel#: 2511822330040
Days on Market: 70
Parking Description: Detached Garage, Asphalt, Multiple Garages, Shared Garage/Stall
Foundation Size: 1700
Road Frontage: City Street
Garage: 3
Roof Type: Age 8 Years or Less
Heating: Forced Air
Sewer: City Sewer/Connected
Lot Description: Corner Lot, Irregular Lot, Tree Coverage - Light
Taxes: $8,306
Lot Dimensions: 120x200
Units: 2
Lot Size: 0.57 Acres
Water: City Water - In Street, Well
Owners Expense: Exterior Maintenance, Grounds Care, Insurance, Sewer, Taxes, Trash Collection
Year Built: 1961