Home › 7 Kaiser Avenue, Medicine Lake, MN 55441 (MLS# 7145468)

7 Kaiser Avenue, Medicine Lake, MN 55441 (MLS# 7145468)

$699,000
7 Kaiser Avenue
Medicine Lake, MN 55441
MLS# 7145468
4 beds  |  4 baths  |  2717 sqft
Welcome to 7 Kaiser ave! this stunning up down duplex offers a three car garage with lake views and a spacious backyard and patio.
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Welcome to 7 Kaiser ave! this stunning up down duplex offers a three car garage with lake views and a spacious backyard and patio. Location of home in Medicine Lake, the community. House in lower left corner. Photo looking West on Medicine Lake Large backyard with a deck on the upper level and walkout patio on the lower level unit. Upper level main living area with easy access to four season porch. Tons of storage too. Upper level four season porch is the place to relax. Surrounded in privacy. 7 Kaiser Avenue, Medicine Lake, MN 55441 Upper level main living area with fireplace. 7 Kaiser Avenue, Medicine Lake, MN 55441 7 Kaiser Avenue, Medicine Lake, MN 55441 Upper level deck just off the four season porch. Notice fire pit in corner of yard. Large level and private backyard with firepit. Upper level dining area with bar. Light and bright with kitchen window and tons of storage. 7 Kaiser Avenue, Medicine Lake, MN 55441 Upper level informal dining and kitchen with built-in bar with view of Medicine Lake. 7 Kaiser Avenue, Medicine Lake, MN 55441 7 Kaiser Avenue, Medicine Lake, MN 55441 7 Kaiser Avenue, Medicine Lake, MN 55441 7 Kaiser Avenue, Medicine Lake, MN 55441 Second bathroom on upper level with jetted tub and sky light. 7 Kaiser Avenue, Medicine Lake, MN 55441 Shared front entryway. With shared foyer. The split entrance to the upper and lower level with garage entrance just to the left. Lower level living room (virtually staged). Walk out to lower level patio. Lower level dining and kitchen area (virtually staged). Lower level kitchen and dining area (virtually staged). Lower level kitchen and living room. (virtually staged). Huge lower level primary bedroom (virtually staged). Massive lower level primary closet (virtually staged). Lower level second bedroom (virtually staged). Lower level full bathroom with tub (virtually staged). Tub in lower level bath (virtually staged). Play in the back yard. Quiet and private. 7 Kaiser Avenue, Medicine Lake, MN 55441 7 Kaiser Avenue, Medicine Lake, MN 55441
Open House (10/10/2026 - 11:30 am - 1:00 pm)

Property Description
Rare up-down duplex opportunity in picturesque Medicine Lake, surrounded by single-family homes and offering beautiful lake views. The owner-occupied upper unit features two bedrooms, two bathrooms, a spacious four-season porch overlooking the private backyard, and Medicine Lake views from the kitchen. The lower unit offers two bedrooms, full bath, private laundry, huge patio, spacious kitchen and family room, plus excellent storage. A private, level backyard with firepit provides plenty of room to enjoy the outdoors. The heated three-stall garage offers generous parking, workspace and private locked storage for each unit. Ideal for an owner occupant, multigenerational living or investment, with convenient access to Medicine Lake, parks, trails, Wayzata Schools and downtown Minneapolis just 15 minutes away. A rare combination of privacy, lake views, garage space and income-producing potential. SEPARATE ELECTRIC METERS & GAS METERS and two separate furnaces and ac as well.

Details
Maps
Documents
Contract Information
Status: Active
Contingency: None
Current Price: 699000
Original List Price: 699000
ListPrice: 699000
List Date: 2026-09-22
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Road Btwn WF & Home?: Yes
Waterfront YN: No
Year Built: 1979
Yearly/Seasonal: Yearly
Bedrooms: 4
Baths Total: 4
Main Floor Total SqFt: 1429
Above Ground SqFt: 1429
Below Grd Total SqFt: 1288
Total SqFt: 2717
Foundation Size: 1288
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2717.00
Lake/Waterfront Name: Medicine
Power Company: Xcel Energy
Garage Stalls: 3
Lot Dimensions: 202x198x85x127
Acres: 0.47
Assessment Pending: No
Location Tax and Other Information
House Number: 7
Street Name: Kaiser
Street Suffix: Avenue
Postal City: Medicine Lake
County: Hennepin
State: MN
Zip Code: 55441
Complex/Dev/Subdivision: Registered Land Surv 1392 Tr
Assessments
Tax With Assessments: 7405
Building Information
Finished SqFt Above Ground: 1429
Finished SqFt Below Ground: 1288
Income and Expenses
Annual Electric Expense: 650
Annual Fuel Expense: 1200
Annual Gross Expenses: 2400
Annual Gross Income: 12600
Annual Insurance Expense: 4200
Annual Maintenance Expense: 875
Annual Net Income: 12600
Annual Water/Sewer Expense: 180
Total Annual Expenses: 7105
Lake Details
Lake Acres: 924
Lake Depth: 49
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 Square Feet: 952
Public Survey Info
Range#: 22
Section#: 25
Township#: 118
Unit 1
Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: 1
Annual Rent: 12600
Finished SqFt: 1288
Full Baths: 2
Monthly Rent: 1000
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 2
Total Rooms: 7
Unit 2
Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: Main Level
Unit Number: 2
# of Fireplaces: 1
3/4 Baths: 1
Annual Rent: 12600
Finished SqFt: 1429
Full Baths: 1
Monthly Rent: 1050
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 2
Total Rooms: 7
Unit Details
Total Units: 2
Property Features
Accessible: None
Amenities Shared: Common Garden; In-Ground Sprinkler System
Assumable Loan: Not Assumable
Basement: Drainage System; Egress Windows; Full; Single Tenant Access; Storage Space; Storage/Locker
Construction Materials: Block
Construction Status: Previously Owned
Electric: Circuit Breakers
Existing Financing: Conventional
Exterior: Vinyl
Fencing: None
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable
Laundry: In Unit; Lower Level; Main Level
Lock Box Type: Combo
Lot Description: Tree Coverage - Medium
Owner Pays: Electricity; Heat; Hot Water; Lawn; Maintenance/Repair; Roof Maintenance; Snow Removal; Trash Collection; Water
Parking Characteristics: Garage Door Opener; Insulated Garage; Storage
Pool Description: None
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles
Sellers Terms: Cash; Conventional; FHA
Sewer: City Sewer/Connected
Tenant Pays: Cable TV; Electricity
Topography: Wooded; Level
Unit 1 Amenities: Walk-In Closet; In-Ground Sprinkler; Kitchen Window; Patio; Washer/Dryer Hookup
Unit 1 Appliances: Dishwasher; Dryer; Microwave; Range; Washer; Water Softener-Owned
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Central
Unit 1 Dining Room Description: Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room
Unit 1 Family Room Characteristics: Family Room; Main Level
Unit 2 Amenities: Satellite Dish; Deck; In-Ground Sprinkler; Main Floor Primary Bedroom; Porch
Unit 2 Appliances: Cooktop; Dishwasher; Dryer; Microwave; Range; Washer
Unit 2 Bath Description: Full Primary; Upper Level Full Bath; Walk-In Shower Stall
Unit 2 Cooling: Central
Unit 2 Dining Room Description: Eat In Kitchen; Informal Dining Room; Kitchen/Dining Room
Unit 2 Family Room Characteristics: Family Room
Unit 2 Fireplace Char: Gas Burning
Unit 2 Special Search: Primary Bdr Suite
Water: City Water/Connected
Waterfront Type: Lake View

Listing Office: Edina Realty, Inc.

Last Updated: October - 08 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Friday 9th of October 2026 10:44 AM

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