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

7 Kaiser Avenue, Medicine Lake, MN 55441

New Listing

$699,000

Welcome to 7 Kaiser ave! this stunning up down duplex offers a three car garage with lake views and a spacious backyard and patio.

Virtual Tour

https://tours.spacecrafting.com/n-bh04fp

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.

Upper level main living area with fireplace.

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.

Upper level informal dining and kitchen with built-in bar with view of Medicine Lake.

Second bathroom on upper level with jetted tub and sky light.

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.

Property Type: Multi-Family Bedrooms: 4 Baths: 4 Square Footage: 2,717 Lot Size (sq. ft.): 20,473 Status: Active

Current Price: $699,000 List Date: 10/06/2026 Last Modified: 10/07/2026

Overview

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.

Open Houses

Today, 4:30 pm - 6:00 pm
Saturday, October 10, 11:30 am - 1:00 pm

Listing Details MLS# 7145468

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
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

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

Contract Information

Contingency: None
Original List Price: 699000
ListPrice: 699000
Owner is an Agent?: No
Auction?: 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

More Information

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: Yes
Annual Rent: 12600
Finished SqFt: 1288
Full Baths: 2
Monthly Rent: 1000
No. of Units Like This: Yes
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: Yes
3/4 Baths: Yes
Annual Rent: 12600
Finished SqFt: 1429
Full Baths: Yes
Monthly Rent: 1050
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 2
Total Rooms: 7

Unit Details

Total Units: 2

Documents

Home Highlights 7 Kaiser Downstairs.pdf ›

Home Highlights 7 Kaiser Upstairs.pdf ›

Listing Office: Edina Realty, Inc.

Last Updated: October - 07 - 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.

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