7 Kaiser Avenue Medicine Lake, MN $ 699,000
7 Kaiser Avenue
$ 699,000
Open House 10/17 12pm - 2pm
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7 Kaiser Avenue

Medicine Lake, MN, 55441
$ 699,000
Bedrooms4 Baths4.0 Sq 2,717

Monthly Estimate*

$ 4,828

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Multi-Family Home for sale in Medicine Lake, MN

for $699,000 with 4 bedrooms and 4 full baths. This 2,717 square foot home was built in 1979 on a lot size of 0.47.

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.

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Open House

10/17/2026 12:00 PM - 2:00 PM
10/18/2026 12:00 PM - 2:00 PM
7 Kaiser Avenue Medicine Lake, MN
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Multi-Family Active

Price

$ 699,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,405

Style

Duplex Up and Down

Lot Size

0.47

Year Built

1979

Town/City

Medicine Lake

County/Region

Hennepin

MLS | Web ID

7145468

Features
General
Living Area 2717
Sewer City Sewer/Connected
Heating Forced Air
Roof Age 8 Years or Less Asphalt
Garage Spaces 3
Pool Features None
Construction Materials Block
Year Built 1979
Electric Circuit Breakers
Tenant Pays Cable TV Electricity
Topography Level Wooded
Levels Split Entry (Bi-Level)
Property Subtype Duplex Up and Down
Tax Year 2026
Gross Income 12600
Waterfront Features Lake View
Accessibility None
County Hennepin
Net Operating Income 12600
Operating Expense 7105
Insurance Expense 4200
New Construction N
Property Type Residential Income
Association Amenities Common Garden In-Ground Sprinkler System
Contingency None
MaintenanceExpense 875
Subdivision Name Registered Land Surv 1392 Tr
Directions Because 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
City Medicine Lake
High School District Wayzata
Number Of Units Total 2
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 7405
Electric Expense 650
Fuel Expense 1200
Trash Expense 0
Water Sewer Expense 180
Additional Parcels Y/N N
Virtual Tour https://tours.spacecrafting.com/n-bh04fp
Standard Status Active
Lender Owned No
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Interior
Basement Drainage System Egress Window(s) Finished Full Single Tenant Access Storage/Locker Storage Space Walkout
Basement (Y/N) Y
Above Grade Finished Area 1429
Laundry Features Lower Level Main Level In Unit
Total Bedrooms 4
Below Grade Finished Area 1288
Total Baths 4
Fuel Natural Gas
Garage Square Feet 952
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Exterior
Fencing None
Parking Features Attached Garage Asphalt Garage Door Opener Guest Parking Insulated Garage Storage
Lot Features Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.47
Building Area Total 2717
Lot Dimensions 202x198x85x127
Waterfront Y/N N
Foundation Area 1288
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 7
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* Excluded Features
List By
Edina Realty, Inc.

Broker

peteice@edinarealty.com

Email

Affordability Calculator

$5,445
Per Month
89%
11%
0%
Monthly Principal & Interest
$4,828
Monthly Property Taxes
$617
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708614 Elementary School
708529 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/22/2026$699,000 Listed Price

Map


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7 Kaiser Avenue, Medicine Lake, MN, 55441 is a Multi-Family Home for sale at $699,000 with 2,717 sqft and a lot size of 0.47. 7 Kaiser Avenue has 4 bedrooms, 4.0 baths, and was built in 1979. The property's zip code is 55441 which is in Medicine Lake, MN