RENTED OCT 7, 2025

253 Peninsula Rd Minneapolis, MN 55441

Estimated Value: $246,048 - $623,000

1 Bed
1 Bath
430 Sq Ft
$972/Sq Ft Est. Value

Highlights

  • Lake Front
  • Deck
  • 1-Story Property
  • Sunset Hill Elementary School Rated A+
  • No HOA
  • Forced Air Heating System

About This Home

As of October 2025

Enjoy living year around on beautiful Medicine Lake! This cozy little cottage has everything you need to live inexpensively and enjoy lake living at the same time. This home features full kitchen, living room, dining area and breakfast bar. One bedroom plus 3/4 bath with shower. Basement has room for storage and full size washer and dryer. Gravel driveway with no garage. Large lakeside deck is just a couple years old. Dock available for sale from previous renter. Tenants pay gas and electric. Owner pays water, trash and Culligan softener rental. Cottage has new roof and gutters. This property is available for move in November 1st.

Last Agent to Rent the Property

Theresa Leeds

REI Real Estate & Prop Mgmt Listed on: 09/30/2025

Last Renter's Agent

Theresa Leeds

REI Real Estate & Prop Mgmt Listed on: 09/30/2025

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1920

Lot Details

  • Lot Dimensions are 75x150
  • Lake Front
  • Zoning described as Shoreline,Residential-Single Family

Interior Spaces

  • 430 Sq Ft Home
  • 1-Story Property
  • Dryer

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Deck

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Water Softener Leased

Community Details

  • No Home Owners Association
  • Medicine Lake Park 1St Div Subdivision

Listing and Financial Details

  • Property Available on 11/1/25
  • Tenant pays for electricity, gas, telephone
  • The owner pays for trash collection, water
  • Assessor Parcel Number 2611822140037

Home Details

Home Type

Single Family

Year Built

Built in 1920

Lot Details

0.26 Acres

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2025-11-01
  • Lease Price: 1250
  • ApplicationFee: 55
  • SecurityDeposit: 1300
  • SmokingPermitted: N

Listing Details

  • Type: Residential Lease
  • Property Subtype 1: Single Family Residence
  • Cooling System: Window Unit(s)
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1920
  • Above Grade Finished Sq Ft: 430
  • Unit Levels: One
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Y
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Full, Unfinished
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Water Softener Rented
  • Living Area: 430
  • Fireplace: No
  • Owner Pays: Trash Collection, Water
  • Basement YN: Yes

Beds/Baths

  • Total Bedrooms: 1
  • Three Quarter Bathrooms: 1

Exterior Features

  • Roof: Age 8 Years or Less
  • View: South
  • PatioPorchType: Deck

Garage/Parking

  • Parking Features: Gravel

Utilities

  • Heating: Forced Air
  • Sewer: Private Sewer
  • LaundryFeatures: In Basement
  • Fuel: Natural Gas

Condo/Co-op/Association

  • Association: No
  • Amenities Unit: Deck

Schools

  • Junior High Dist: Wayzata
  • SchoolDistrictPhone: 7637455000

Lot Info

  • PropertyAttachedYN: No
  • Lot Size: 75x150
  • Land Lease: No
  • Additional Parcels: No
  • Zoning Description: Shoreline,Residential-Single Family
  • Yearly/Seasonal: Yearly

Tax Info

  • Assessor Parcel Number: 2611822140037

Multi Family

  • TenantPays: Electricity, Gas, Telephone
  • WaterfrontFeatures: Lake Front

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2012
Sold by
Kaye Keith W and Kaye Valda N
Bought by
Keith & Valdas Family Llc
Current Estimated Value
$418,012
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Keith & Valdas Family Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2025 10/07/25 Rented $1,250 0.0% --
09/30/2025 09/30/25 For Rent $1,250 0.0% --
03/01/2024 03/01/24 Rented $1,250 0.0% --
01/30/2024 01/30/24 Price Changed $1,250 -16.7% $3 / Sq Ft
12/02/2023 12/02/23 For Rent $1,500 -- --
Source: NorthstarMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,659 $215,500 $154,000 $61,500
2023 $2,611 $216,600 $154,000 $62,600
2022 $2,397 $211,000 $141,000 $70,000
2021 $2,320 $166,000 $110,000 $56,000
2020 $1,991 $163,000 $107,000 $56,000
2019 $1,510 $134,000 $83,000 $51,000
2018 $1,556 $106,000 $66,000 $40,000
2017 $1,438 $106,000 $66,000 $40,000
2016 $1,392 $97,000 $66,000 $31,000
2015 $1,355 $97,000 $66,000 $31,000
2014 -- $97,000 $66,000 $31,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: NorthstarMLS

MLS Number: 6797333

NorthstarMLS

APN: 26-118-22-14-0037

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