Minneapolis, MN 55441 115 Peninsula Road

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Presented By: Compass
  • MLS# 6811562
  • 03/05/2026
  • Request Tour
  • Request Info
  • Beds • 3
  • Baths • 2
  • SQFT • 2,950
  • Garage • 3

Home Details

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.
Presented By: Compass

Interior Features for 115 Peninsula Road

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1700
BasementBlock
Basement (Y/N)Yes
Below Grade Finished Area1250
Foundation Dimensions24x69
FuelNatural Gas
Garage Dimensions33x25
Garage Door Width7
Garage Square Feet825
Laundry FeaturesLower Level

General for 115 Peninsula Road

AccessibilityNone
Additional Parcels Y/NNo
CityMedicine Lake
ContingencyNone
CountyHennepin
Directions169 N to hwy 55 W. to S Shore Dr. N (right) Left on S. Shore Drive. Left on Peninsula road. house on left.
Electric Expense900
Fuel Expense2000
Garage Spaces3
Gross Income22800
HeatingForced Air
High School DistrictWayzata
Insurance Expense
Land Lease Y/NNo
Lender OwnedNo
LevelsOne
Living Area2950
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total2
Operating Expense0
OwnerPaysExterior Maintenance, Grounds Care, Insurance, Sewer, Taxes, Trash Collection
Pool FeaturesNone
PostalCityMinneapolis
Property TypeResidential Income
RoofAge 8 Years or Less
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMedicine Lake Park 1st Div
Tax Annual Amount8306
Tax Year2025
TopographySloped
Trash Expense0
Water Sewer Expense0
Year Built1961
Zoning DescriptionResidential-Multi-Family

Exterior for 115 Peninsula Road

Building Area Total2950
Foundation Area1700
Lot Dimensions120x200
Lot FeaturesCorner Lot, Irregular Lot, Tree Coverage - Light
Lot Size Area0.57
Parking FeaturesDetached Garage, Asphalt, Multiple Garages, Shared Garage/Stall
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water - In Street, Well

Additional Details

Price History

John Wichmann

Agent
Price $699,900
MLS#6811562
List Date 03/05/2026
Property Type Multi-Family
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