115 Peninsula Road, Minneapolis, MN 55441

Minneapolis
Local realty services provided by:Better Homes and Gardens Real Estate Advantage One
115 Peninsula Road,Minneapolis, MN 55441
$699,900
  • 6 Beds
  • 4 Baths
  • 2,950 sq. ft.
  • Multi-family
  • Active
Listed by: jesse swanson
Office: compass
MLS#:6811562
Source:ND_FMAAR

Price summary

  • Price:$699,900
  • Price per sq. ft.:$237.25

About this home

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

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Home facts

  • Year built:1961
  • Listing ID #:6811562
  • Added:1 day(s) ago
  • Updated:March 06, 2026 at 07:00 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Basement:Yes
  • Living area:2,950 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1961
  • Building area:2,950 sq. ft.
  • Lot area:0.57 Acres
  • Lot Features:Corner Lot
  • Exterior Features:Patio

Utilities

  • Water:City Water - In Street, Well
  • Sewer:City Sewer/Connected

Finances and disclosures

  • Price:$699,900
  • Price per sq. ft.:$237.25
  • Tax amount:$8,306

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