115 Peninsula Road, Minneapolis, MN 55441 (MLS# 6811562)


$699,900
115 Peninsula Road
Minneapolis, MN 55441
MLS# 6811562
Status: Closed
6 beds  |  4 baths  |  2950 sqft


115 Peninsula Road, Minneapolis, MN 55441
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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.

Details
Maps
Contract Information
Status: Closed
Off Market Date: 2026-04-24
Contingency: None
Current Price: 670000
Closed Date: 2026-05-15
Original List Price: 699900
ListPrice: 699900
Sales Close Price: 670000
List Date: 2026-03-05
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront Present: No
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 6
Baths Total: 4
Main Floor Total SqFt: 1700
Above Ground SqFt: 1700
Below Grd Total SqFt: 1250
Total SqFt: 2950
Foundation Size: 1700
Style: (MF) Duplex Side X Side
Total Finished Sqft: 2950.00
Power Company: Xcel Energy
Garage Stalls: 3
Lot Dimensions: 120x200
Acres: 0.57
Assessment Pending: No
Location Tax and Other Information
House Number: 115
Street Name: Peninsula
Street Suffix: Road
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55441
Complex/Dev/Subdivision: Medicine Lake Park 1st Div
Assessments
Tax With Assessments: 8306
Basement
Foundation Dimensions: 24x69
Building Information
Finished SqFt Above Ground: 1700
Finished SqFt Below Ground: 1250
Income and Expenses
Annual Electric Expense: 900
Annual Fuel Expense: 2000
Annual Gross Income: 22800
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: MAAR
Miscellaneous Information
DP Resource: Yes
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Dimensions: 33x25
Garage Door Height: 7
Garage Square Feet: 825
Public Survey Info
Range#: 22
Section#: 25
Township#: 118
Unit 1
Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 1
# of Fireplaces: 2
3/4 Baths: 1
Annual Rent: 22800
Finished SqFt: 1500
Full Baths: 1
Monthly Expense: 300
Monthly Rent: 1900
No. of Units Like This: 2
Oth Parking Spaces: 2
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 7
Unit Details
Total Units: 2
Property Features
Accessible: None
Assumable Loan: Not Assumable
Basement: Concrete Block
Construction Status: Previously Owned
Existing Financing: Conventional
Exterior: Cement Board
Financing Terms: Conventional
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable; Fiber Optic; Satellite
Laundry: Lower Level
Lot Description: Corner Lot; Irregular Lot; Tree Coverage - Light
Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Sewer; Taxes; Trash Collection
Parking Characteristics: Multiple Garages; Shared Garage/Stall
Pool Description: None
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: One
Topography: Sloped
Unit 1 Appliances: Cooktop; Dishwasher; Dryer; Microwave; Wall Oven; Washer
Unit 1 Bath Description: Main Floor Full Bath; Private Primary
Unit 1 Cooling: Central
Unit 1 Dining Room Description: Informal Dining Room
Unit 1 Family Room Characteristics: Lower Level
Unit 1 Fireplace Char: Full Masonry
Water: City Water - In Street; Well

Listing Office: Compass

Last Updated: May - 20 - 2026

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