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$699,000

4 Beds 4 Baths 2,717 SQFT 0.47 Acres
Type: Multi-Family

7 Kaiser Avenue
Medicine Lake, MN 55441

MLS#: 7145468
Lisa Mosley
Lisa Mosley
The Real Estate Advantage
Office: 952.226.7700
Presented by: Edina Realty, Inc.

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.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1,429 sqft
BasementDrainage System, Egress Window(s), Finished, Full, Single Tenant Access, Storage/Locker, Storage Space, Walkout
Basement (Y/N)Yes
Below Grade Finished Area1,288 sqft
FuelNatural Gas
Garage Square Feet952
Laundry FeaturesLower Level, Main Level, In Unit

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesCommon Garden, In-Ground Sprinkler System
CityMedicine Lake
Construction MaterialsBlock
ContingencyNone
CountyHennepin
DirectionsBecause of roadwork to south of home - From Hwy 169 N, take Hwy 55 W. Turn right onto W Medicine Lake Drive, right onto South Shore Drive, continue onto Peninsula Road, then turn onto Kaiser Avenue. Prop
ElectricCircuit Breakers
Electric Expense650
Fuel Expense1200
Garage Spaces3
Gross Income12600
HeatingForced Air
High School DistrictWayzata
Insurance Expense4200
Land Lease Y/NNo
Lender OwnedNo
LevelsSplit Entry (Bi-Level)
Living Area2,717 sqft
Lot Size UnitsAcres
MaintenanceExpense875
Net Operating Income12600
New ConstructionNo
Number Of Units Total2
Operating Expense7105
OwnerPaysElectricity, Heat, Hot Water, Grounds Care, Repairs, Roof Maintenance, Snow Removal, Trash Collection, Water
Pool FeaturesNone
PostalCityMedicine Lake
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameRegistered Land Surv 1392 Tr
Tax Annual Amount$7,405
Tax Year2026
Tenant PaysCable TV, Electricity
TopographyLevel, Wooded
Trash Expense0
Virtual TourClick here
Water Sewer Expense180
Waterfront FeaturesLake View
Year Built1979

Exterior

Building Area Total2,717 sqft
FencingNone
Foundation Area1,288 sqft
Lot Dimensions202x198x85x127
Lot FeaturesTree Coverage - Medium
Lot Size Area0 sqft
Parking FeaturesAttached Garage, Asphalt, Garage Door Opener, Guest Parking, Insulated Garage, Storage
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School N/A

  

Similar Properties

$699,000

4 Beds 4 Baths 2,717 SQFT 0.47 Acres
Type: Multi-Family

7 Kaiser Avenue
Medicine Lake, MN 55441

MLS#: 7145468
Lisa Mosley
Lisa Mosley
The Real Estate Advantage
Office: 952.226.7700